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Publication Title | Understanding the Costs of a Luxury Yacht Charter

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Understanding the Costs of a Luxury Yacht Charter

Under Mediterranean Yacht Brokers Association (MYBA) charter contracts, which are arguably the most

common, the charterer is charged for food and beverage (for the charter guests only), fuel, dockage and

harbor fees, and miscellaneous expenses. As a round number, which depends on how much fuel the

yacht uses and how fancy the meals and drinks, you can expect to add 25% to 50% of your charter cost.

Shore-side electricity when at a dock is an added extra.

“One thing to understand is that the extras, from food to fuel to

wine, are charged at cost to the charterer without markup.”

Whatever the terms of your charter contract, you should understand the Advance Provisioning Allowance

(APA). This is an amount of about 20-35 per cent of the charter fee for a “plus all expenses” charter and

about five per cent for an “all inclusive” charter. It is sent to the yacht before the charter to provision the

yacht according to your preferences. During the charter, the captain will provide a running account of the

usage of the funds and, at the end of the charter, the captain will present a detailed accounting along with

any unused funds in cash. If the APA balance runs low during the charter, the client is expected to

provide the captain a sufficient amount in cash to cover the needs for the remainder of the charter. Since

many charterers prefer not to carry quantities of cash, the charter broker can hold an amount and release

it to the captain as needed.

Although the typical APA amount is 30-35% of the charter fee, the actual amount you send is up to the

Charterer, because if you plan to dine out exclusively during your charter, you won’t need to send cash to

cover those meals. It’s the same with dockage and fuel. If you anchor out on the hook, not using a

marina, (providing a harbor allows it), you won’t need to send cash to cover those marina fees. If your

itinerary is short, not covering long distances, you won’t consume massive amounts of fuel. A yacht’s

cruising speed and hull also determines APA. A semi-displacement hull, with cruising speeds of 20

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