Unlocking the Essentials: Chartering a Yacht and It’s Cost

Chartering a yacht is an experience unlike any other, it offers the freedom to explore stunning destinations with unparalleled luxury and comfort. However, before setting sail, it’s crucial to understand the essential steps involved in the process and to have a clear picture of the associated costs.

The journey begins with thorough research and planning. Take the time to explore different destinations, considering factors such as budget, itinerary preferences, yacht size, and onboard amenities. Each decision you make will play a significant role in shaping your yachting experience.

One of the most common questions aspiring yacht charterers have is, “How much does it cost?”

The truth is, the cost of chartering a yacht can vary widely depending on several factors, including the size and type of yacht, the destination, the duration of the charter, and the time of year. Charter rates can range from tens of thousands to hundreds of thousands per week.

What is included in a charter contract?

As you narrow down your options, it’s essential to review the contract and terms provided by the charter company carefully. Pay close attention to the pricing structure, payment schedule, cancellation policy, and any additional fees or charges that may apply. Transparency is key to avoiding surprises down the line.

In addition to the base charter fee, it’s essential to consider additional expenses such as VAT, APA (Advance Provisioning Allowance) which is usually around 30-35 per cent of the charter fee. Before the charter begins, this sum is forwarded to the yacht to facilitate provisioning according to your preferences. These costs can quickly add up, so it’s wise to budget accordingly and factor them into your overall financial plan.

What is covered by an APA?

FUEL

Fuel expenses depending on the yacht’s cruising frequency and speed. Additionally, time spent anchored will involve fuel for generators, and shore-side electricity at docks comes at an extra cost. It’s essential to consider fuel charges for tenders and water toys as well, covering the fuel used during activities like jet skiing.

FOOD & DRINKS

The expense associated with food is significant and correlates directly with the lavishness of your dining arrangements. If you anticipate indulging in multiple bottles of Champagne per meal, it’s safe to expect higher costs.

HARBOUR FEES AND DOCKAGE

Harbor fees and dockage costs are variable, from high rates to minimal charges, or even being waived entirely in certain regions.

DELIVERY FEES

A delivery fee is typically applied when a charterer requests to board or depart from a location that differs from the yacht’s usual base.

Ultimately, chartering a yacht is an unforgettable experience. By understanding the essential steps involved and having a clear understanding of the costs involved, you can embark on your yachting adventure with confidence and excitement, knowing that every detail has been thoughtfully considered and planned for.

We’re here to provide guidance and ensure your yachting experience is truly unforgettable.