TERMS OF PAYMENT
There are different types of contracts that determine the terms and conditions of payment. Here to follow a summary of the major ones according to the cruising area, whether yachts will cruise on the Western Mediterranean area , in the Eastern Mediterranean or the Caribbean.
MYBA Terms (MYBA The Worldwide Yachting Association). The charter rate includes the charter fee, crew salary and crew meals, insurance of the yacht as well as crew, yacht’s laundry. All other expenses: fuel (main engines, water toys, generators, air conditioning), moorings costs, food and beverages for the charter clients, on-board communication fees, etc. will be charged additionally to the charter rate. According to this agreement, apart of charter rate, the client has to pay also a deposit of APA .
GT (Greek Terms) The charter rate includes all running costs and fuel and three meals per day. Alcoholic drinks and on-board communication fees are not included in the charter rate. Port fees are not included too and have to be paid in addition to the charter rate.
CT (Caribbean Terms) The charter rate includes all running costs, charter clients meals and fuel. Alcoholic drinks, local taxes, mooring fees and on board communication fees will be charged additionally to the charter rate. Under Caribbean terms, there are a variety of agreements offered, including all inclusive packages (more typical on sailing yachts), with all catering and bar included in the charter fee.
VAT varies from country to country, depending on cruising areas and in some cases, from yacht to yacht. Please ask us for the conditions that apply to the countries or special conditions of particular yachts. Commercial vessels are not VAT exempt.
Note: As from the year 2012 (Italian Legislation), an individual person can occasionally charter his boat without any VAT relevance.
A.P.A.(Advance Provisioning Allowance)
In addition to the charter fee, you will also be asked to pay an APA (Advanced Provisioning Allowance) of 25-30% of the charter fee. This is given to the yacht in cash prior to your charter to allow the captain to buy fuel, provision the yacht with food and drinks as per your demands, and cover any other expenses relating to the cost of your charter (including fuel for RIB or other tenders or jet skis, fuel for generators; consumable stores; berthing dues and other harbour charges away from the yacht’s own berth, including pilotage fees and charges for water and electricity taken from the shore; laundry, telephone, fax or telex via radio or Inmarsat). At the end of the charter, the captain will produce full accounts of all expenditure. You will either be refunded any money not used or asked to pay any additional costs not covered by the APA.
N.B: Almost all charter yachts have the possibility to use the fuelling benefits (subsidized diesel), just ask us a confirmation for the yacht of your interest.
Delivery could be asked by yacht Owners in case the yacht will be requested with a departure place different from her homeport.
A yacht’s crew will work extremely hard and very long hours to make sure that your charter is a total success, and whilst not mandatory it is customary to leave a gratuity (tip) at the end of a charter. For excellent service it is typical to leave a tip of 5- 10% of the charter fee, which should be given to the captain for disbursement to the rest of the crew.
A 50% deposit will be required to confirm a booking. This is due upon the signing of the charter agreement. The balance (50%) , the APA and eventual Delivery fees are normally due 30-60 days before the start of the charter.
Owners may require a deposit to guarantee against any possible damage caused by Charterer or his guests (usually asked in case of Parties on board).