cost of chartering a yacht

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How much does it cost to charter a yacht?

There are many things to consider and first time charterers can be left confused, that's why we've created a comprehensive guide to yacht charter prices (with a checklist).

The good news: It’s easy to grasp the basics of yacht charter pricing. And with one of our experts in your corner, we can help you more accurately estimate the cost of your next once-in-a-lifetime vacation.

The cost of a yacht charter is dependent on a number of factors, including the type of yacht, the charter destination, local taxes, and the base cost. (If the yacht has a celebrity owner, well that too, can add to the cost.)

Therefore, yacht charters have a wide range of base prices. That’s why charters can cost from $10,000 per week on smaller sailing yachts and catamarans, up to $150,000+ per week on the most luxurious motor superyachts.

What else can you expect to pay? This overview – a part of our planning resource, the Charter Advice Guide – offers an in-depth look at charter yacht costs.

Yacht Charter Price Structure: “All-Inclusive” vs “Plus Expenses”

In the world of yachting, two types of crewed yacht charters are available to you – “All-Inclusive” and “Plus Expenses” charter experiences. What do these terms mean exactly? Here’s a quick look:

• All-Inclusive Yacht Charters – Some charters (mainly catamaran and monohull charters in the Virgin Islands) offer all-inclusive rates. That means rates are based on the number of guests, and they include all food and drink, water sports, and fuel costs. Dockage and taxes, though, are usually charged separately.
• Plus Expenses Charters – Rates for larger motor yachts do not include running expenses, which must be paid separately. For these luxury charters, the base price is for the yacht only. Additional expenses, i.e. food, bar, fuel, dockage, port taxes, and other expenses, are charged separately. Most frequently, the running expenses are paid by an Advance Provisioning Allowance, or APA, which is typically 35% of the base price; this is an amount that’s paid prior to the charter.

Our chart below offers a quick overview of what’s included in both of these types of charters.

Average Yacht Charter Cost: Base Prices

What can you expect to pay for a catamaran, a sailing vessel, or motored yacht? Here’s a quick overview of the average cost to rent a yacht (not including extra expenses) for the most common types available:

Factors that Affect Yacht Charter Prices

Since charter yachts are privately owned, prices are set by the owner. This can explain, in part, the wide range of differences in price between boats of similar lengths. Yet, several other factors can significantly impact price, including:

• The Yacht – The year the boat was built, the builder, previous owners, and the boat’s selection of water toys can also increase the cost of a yacht. Boats can also develop a reputation, i.e. the largest or most luxurious, or having a famous builder or previous owner. Reputation can also affect pricing.
• Season – Prices typically increase in the high season – i.e. high summer in the Mediterranean or winter in the Caribbean – and decrease in low seasons.
• Destination – Your charter destination also plays a role in charter cost. For example, prices increase in areas without large charter fleets (i.e. the Galapagos), whereas Bahamas yacht charters,   BVI charters , or Mediterranean yacht charter are priced more competitively.

Additional Costs Considerations on Yacht Charter

In addition to the cost associated with running the yacht and provisioning, there are a number of other costs that must be considered. These are the most significant:

Advanced Provisioning Allowance

The APA on Plus Expenses charters equals roughly 35% of the yacht’s base price. This is a fee that’s collected prior to charter, and it’s similar to an expense account the captain can access during the charter. At the end of the charter, you will receive a detailed accounting of your APA account, plus any unused APA funds in cash.

In the case of overages, you may be required to replenish the APA account during the charter. This can be done with cash, although many choose to set up accounts with their charter brokers , which can be accessed if requested by the captain.

Taxes and Value Added Tax (VAT)

Most boats – whether all-inclusive or Plus Expenses – will not include local taxes or a Value Added Tax into their charter rate. The charterer will be responsible for paying those taxes. Taxes range significantly by destination; here’s a look at some of yachting’s most popular destinations:

• The Bahamas – Tax: 4% plus 10% VAT
• BVI – Tax: between $6 and $16 per person per day, depending on the flag of the boat
• Croatia – VAT: 13%
• Florida – Tax: 6% for Broward County, 7% for Miami-Dade County
• France – VAT: 20%, however, 10% can be applied when an itinerary includes International Waters
• Greece – VAT: 12%
• Italy – VAT: 22%, however 6.6% (over 24m) and 8.8% (under 24m) can be applied when an itinerary includes International Waters
• Montenegro – NO VAT
• New England – NO TAX
• Spain – VAT: 21%
• Turkey – NO VAT

Charterers can purchase cancellation and curtailment insurance – which is similar to traveler’s insurance. This insurance can help cover costs if a charterer must cancel or shorten the charter. Charter brokers can help you weigh insurance options, and often offer several different options.

Crew Gratuity

While crew gratuity is certainly not mandatory, it is recommended, particularly if you were truly impressed with your charter experience. In general, crew gratuity is roughly 15-20% of the base charter rate, which is handed to the captain at the conclusion of your charter.

Delivery Fees

While these fees do not apply on most charters, you may be asked to pay delivery costs if you are not chartering in the yacht’s normal cruising ground. In most cases, you will only be required to cover the fuel for the trip.

Call Worldwide Boat today to learn more. Our Charter Specialists are here to assist you with every detail and explain all charter costs. Or read our Charter Advice guide for more information and tips for planning your charter vacation.

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Additional Charter Cost FAQs

What are standard private charter yacht prices?

There are a number of factors that affect charter yacht pricing. However, on average, a week-long private yacht charter costs anywhere from $10,000 on luxurious sailing yachts and catamarans, and up to $150,000 for superyachts.

What affects charter yacht prices?

There are several things that influence how much your yacht charter will cost. The type of vessel, charter destination, length of trip, base cost, time of year, and local taxes all make a difference.

How much does it cost for a crewed vessel?

Charter yacht prices do increase when hiring a crew along with the boat. At Worldwide Boat, we offer two types of crewed charter experiences: all-inclusive and plus expenses. An all-inclusive charter yacht includes accommodation for all guests, food and drink, water sport activities, and fuel costs – dockage fees and taxes are charged separately. A plus expenses experience accounts for just the yacht’s base price. Things like food, drinks, fuel, dockages, taxes, and other expenses are charged separately and are usually estimated to be about 35% of the base price.

What’s included in all-inclusive boat charters?

At Worldwide Boat, your all-inclusive charter experience includes a diligent and friendly crew, water toys, food, drinks, fuel, water and electric services, and occasionally diving experiences.

What are some additional charter boat costs to consider?

After finding a base price you’re comfortable with and evaluating your package, you’ll also want to consider delivery fees, crew gratuity, insurance fees, taxes, and Advanced Provisioning Allowance rates. If you are responsible for these fees, your crew will handle the necessary transactions on your behalf.

What does it cost to rent a 100- foot yacht charter?

This depends on what type of vessel you’re looking at and how long you’ll need it for. The average weekly cost of a 100-foot sailing yacht is between $50,000-100,000. A weekly 80-foot catamaran charter runs around $40,000-100,000, and a week-long 100-foot motor yacht rental is anywhere between $50,000-80,000.

Does the price to rent a yacht change depending on what type of boat it is?

Yes. Worldwide Boat offers sailing yachts, catamarans, and motor yachts. All of these vessels have different capabilities, but there are other factors that determine the price beyond what type of boat you choose. The year the boat was built, owner, availability of water toys, onboard amenities, and the ship’s reputation can all change how much the ship is priced at.

When is the high season for yacht charters?

The price of a yacht fluctuates depending on the season. A Mediterranean yacht charter cost rises in the summer and drops in the winter, whereas Caribbean boat charter prices are high during the winter and lower in the summer months.

How does my destination affect charter yacht cost?

The more remote an area is, the more expensive it will be to charter a yacht there. That’s because prices go up in areas that have fewer boats. If you were to travel somewhere like the Galapagos, which isn’t a typical yacht destination, you’d pay more than you would if you were traveling to the Caribbean.

How much do I tip the crew when reviewing my yacht charter expenses?

It’s not required that you tip your crew, but it is recommended and appreciated. If you had an enjoyable experience it’s considered polite to tip your crew anywhere from 15-20% at the end of your charter.

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How Much Does It Cost to Charter a Yacht? (Updated Prices/Rates)

• September 20, 2023

Exploring the open waters on a private yacht offers unparalleled luxury and freedom. The cost of chartering a yacht varies based on factors like yacht size, destination, and duration. 

Beyond expenses, understanding the elements influencing pricing can help in making an informed decision for your dream yachting experience. Let’s unpack these prices in this guide!

How Much Does It Cost to Charter a Yacht?

Yacht rentals encompass a broad spectrum of starting prices. Thus, charters begin at around $10,000 weekly for compact sailboats and catamarans, while the pinnacle of opulence, motor superyachts, can exceed $150,000 weekly or more.

What Are the Two Types of Yacht Charter Price Structure?

In yachting, two crewed charter options exist: “All-Inclusive” and “Plus Expenses” experiences. What do these terms entail? Let’s take a brief look to understand them better:

All-Inclusive Yacht Charters

Certain charters, particularly those for catamarans and monohulls in the Virgin Islands, provide all-inclusive pricing. This covers guests, meals, drinks, water sports, and fuel expenses. However, dockage and taxes are typically billed separately from the main rate.

Plus Expenses Charters

Larger motor yacht rates don’t cover operating costs, which require separate payment. For upscale charters, the initial cost encompasses the yacht alone. Extra expenses like food, bar, fuel, dockage, and taxes are billed independently. 

Often, these costs are covered by an Advance Provisioning Allowance (APA), which typically is 35% of the base rate, paid before the charter starts.

What Are the Different Factors That Affect Yacht Charter Prices?

Embarking on a yacht charter voyage is an exciting endeavor that promises luxury, adventure, and the thrill of exploring open waters. As you set out to plan your dream yachting experience, it’s essential to understand the various elements that influence yacht charter prices. 

From the type and size of the yacht to the destination and duration of the charter, several key factors come into play, shaping the cost of your maritime escapade.

Yacht Type and Size

The type and size of the yacht you choose are fundamental determinants of the charter cost. Yachts come in various categories, including motor yachts, sailing yachts, catamarans, and monohulls, each offering distinct features and amenities. 

Motor yachts often offer more space, speed, and modern conveniences, which can contribute to higher charter rates. On the other hand, sailing yachts and catamarans provide a more traditional sailing experience and can be an appealing option for those seeking a more relaxed pace.

Destination and Itinerary

The geographical location you intend to explore significantly impacts the charter price. Popular yachting destinations like the Mediterranean, Caribbean, and the South Pacific have varying demand levels throughout the year, influencing pricing accordingly. 

High-season periods, characterized by pleasant weather and bustling tourism, can lead to higher rates, while off-peak seasons might offer more budget-friendly options. Moreover, some destinations require longer travel distances or involve additional permits and fees, all of which can contribute to the overall cost.

Charter Duration

The duration of your yacht charter plays a pivotal role in determining the final price. Charter rates are typically quoted every week, with options for shorter or longer durations available. 

Extended charters might offer more favorable rates per week compared to shorter getaways. Moreover, some yachts may have minimum charter durations during peak seasons, so it’s essential to consider your desired travel duration when budgeting for your yacht charter.

Time of Year

The time of year you plan your yacht charter adventure can significantly affect pricing. Yachting destinations experience high and low seasons, influenced by weather patterns, holidays, and local events. 

High-season periods, often coinciding with pleasant weather and vacation periods, tend to command premium prices due to increased demand. Alternatively, opting for an off-peak or shoulder season can result in more affordable charter rates while still enjoying a delightful yachting experience.

Yacht Amenities and Services

The onboard amenities and services provided by the yacht contribute to the overall charter cost. Yachts equipped with luxurious features such as spacious cabins, gourmet kitchens, Jacuzzis, water toys, and professional crews tend to have higher base rates. 

The quality of service, crew expertise, and additional offerings can elevate the charter experience but may also add to the total price.

Crew and Staff

The crew and staff onboard play a crucial role in enhancing your yacht charter journey. The size and expertise of the crew, including captain, chef, deckhands, and stewards, can impact the cost. 

A highly skilled and attentive crew can provide exceptional service, ensuring a memorable and comfortable experience throughout your charter. While these services contribute to the cost, they often contribute significantly to the overall enjoyment of your yachting adventure.

All-Inclusive Versus Plus Expenses

Yacht charters offer different pricing structures, with “All-Inclusive” and “Plus Expenses” options. All-inclusive charters encompass costs like food, drinks, water activities, and fuel in the base price, simplifying budgeting and planning. 

Conversely, Plus Expenses charters have a base rate covering the yacht alone, with additional costs for provisions, fuel, dockage, and other expenses. Understanding the pricing model that aligns with your preferences and needs is essential for accurate budgeting.

Running Expenses and Advance Provisioning Allowance (APA)

For larger motor yachts, operating costs are often separate from the base rate. These expenses encompass food, beverages, fuel, dockage, port taxes, and more. Typically covered by an Advance Provisioning Allowance (APA), which is around 35% of the base price, these costs are paid before the charter begins. 

This approach allows for flexibility in provisioning and ensures that operational expenses are adequately covered during the journey.

Additional Costs Considerations in Charting a Yacht

Embarking on a yacht charter promises a luxurious and unforgettable experience, but it’s essential to consider not only the base charter cost but also the additional expenses that may arise during your journey. 

Beyond the initial price, there are various factors and costs to keep in mind to ensure a seamless and well-budgeted yachting adventure.

Operational Expenses

While the base charter cost covers the yacht itself, operational expenses are often separate. These expenses encompass various aspects of the charter, including fuel, provisioning, dockage, port fees, and more. 

Depending on the charter type and destination, these operational costs can vary significantly. Understanding these expenses is crucial for accurate budgeting and to ensure that you have the necessary funds to cover them.

Advance Provisioning Allowance (APA)

For larger motor yachts, operational expenses are often covered by an Advance Provisioning Allowance (APA). This allowance, typically around 35% of the base charter price, is paid upfront before the charter begins. 

The APA serves as a fund that the crew uses to cover expenses throughout the journey, such as food, beverages, fuel, and other operational costs. Any remaining funds from the APA are usually returned to you at the end of the charter. 

Clear communication with the yacht’s crew regarding APA usage is essential to manage expenses effectively.

Crew Gratuity

While crew gratuity is discretionary, it’s customary to reward the hard work and exceptional service provided by the yacht’s crew. The recommended gratuity amount usually ranges from 10% to 20% of the base charter price. 

The gratuity is typically given to the captain, who then distributes it among the crew members. Expressing your appreciation for the crew’s efforts through gratuity ensures a positive rapport and acknowledges their dedication to making your charter experience memorable.

Food and Beverages

For charters that operate on a “Plus Expenses” basis, provisioning for meals and beverages is an important consideration. Discuss your culinary preferences and dietary restrictions with the yacht’s chef before the charter to ensure that your needs are met. 

The cost of food and beverages can vary based on your preferences, the number of guests, and the duration of the charter. Incorporating this aspect into your budgeting allows you to enjoy delectable meals without unexpected financial surprises.

Water Toys and Activities

Many yachts offer a range of water toys and recreational activities to enhance your charter experience. These can include jet skis, paddleboards, snorkeling gear, fishing equipment, and more. 

While these amenities provide entertainment and excitement, they may come with an additional cost. Inquire about the availability and pricing of water toys and activities in advance to plan for any desired experiences.

Berth and Port Fees

When visiting different ports and marinas during your charter, you may encounter berth and port fees. These fees are associated with mooring the yacht in specific locations and can vary depending on the destination and the amenities offered by the port. 

Being aware of these fees and including them in your budgeting ensures that you’re prepared for any unexpected costs that may arise during your journey.

What Are the Different Types of Yachts?

Embarking on a yacht charter opens up a world of luxury and adventure, with a range of yacht types to choose from. Each type offers unique features, amenities, and sailing experiences. 

Understanding the various types of yachts available can help you select the perfect vessel for your dream maritime journey.

Motor Yachts

Motor yachts are known for their speed, power, and luxurious features. These yachts are equipped with powerful engines that allow for swift and comfortable cruising. Motor yachts offer spacious interiors, state-of-the-art amenities, and ample deck space for relaxation and entertainment. 

With a focus on comfort and convenience, motor yachts are ideal for those who prioritize a smooth sailing experience and desire modern luxuries.

Sailing Yachts

Sailing yachts provide a classic and elegant way to explore the open waters. Driven by the wind, these yachts offer a serene and graceful sailing experience. Sailing enthusiasts often appreciate the traditional aspect of these vessels and the opportunity to engage in hands-on sailing. 

Sailing yachts come in various sizes, from smaller vessels perfect for intimate charters to larger yachts with multiple cabins for group travel.

Catamarans are characterized by their twin hulls, offering enhanced stability and spacious interiors [ 1 ]. These yachts are known for their comfort, especially when at anchor, and are popular choices for families and groups. 

Catamarans often have multiple cabins, spacious living areas, and outdoor lounging spaces, making them ideal for those seeking a relaxed and sociable charter experience.

Monohull yachts feature a single hull, offering a traditional and authentic sailing experience. These yachts are known for their graceful lines and timeless charm. While they may have slightly less interior space compared to catamarans, monohulls excel in their sailing performance and agility, making them a favorite among sailing purists who appreciate the art of navigating the waters under wind power.

Superyachts

Superyachts epitomize luxury and opulence. These massive vessels often exceed 100 feet in length and feature a plethora of amenities, including multiple decks, swimming pools, Jacuzzis, helipads, and more. 

Superyachts can accommodate larger groups and are often equipped with a crew to cater to every need. While the charter rates for superyachts are typically higher, the level of luxury and extravagance they offer is unmatched.

Expedition Yachts

Expedition yachts are designed for those seeking off-the-beaten-path adventures. These rugged vessels are equipped to explore remote destinations and endure challenging conditions. 

Expedition yachts combine the comforts of a luxury yacht with the capability to navigate through polar regions, remote islands, and exotic locales. If you’re an adventurer at heart, an expedition yacht can provide you with the opportunity to explore uncharted waters and experience the thrill of discovery.

Classic Yachts

Classic yachts evoke a sense of nostalgia and history. These yachts often have elegant lines, rich wooden interiors, and a timeless charm that harks back to a bygone era of yachting. 

While they may not boast the same modern amenities as newer yachts, their unique character and craftsmanship make them a favorite among those who appreciate the vintage allure of sailing.

Is Chartering a Yacht Worth It?

Chartering a yacht offers an unparalleled experience of luxury, freedom, and exploration on the open waters. The opportunity to tailor your journey, enjoy personalized service, and discover unique destinations makes yacht charters a remarkable investment in memorable experiences. 

While the cost can vary, the chance to escape the ordinary, indulge in stunning surroundings, and create lasting memories with friends or family often makes chartering a yacht well worth the investment for those seeking a truly extraordinary vacation.

In the world of yacht charters, costs vary based on factors like yacht type, destination, and services. Understanding these elements helps in budgeting and making informed decisions. Whether seeking relaxation or adventure, clear cost considerations lead to a tailored yachting experience within your means.

Noah Miller

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Understanding Yacht Chartering Costs: A Comprehensive Guide

Imagine sailing the open seas, surrounded by azure waters, and basking in the luxury of a private yacht. Yacht chartering offers a unique and exhilarating experience, but it’s essential to understand the costs associated with it before embarking on this adventure. In this comprehensive guide, we will break down the various expenses involved in chartering a yacht, from the base charter rates to additional fees and seasonal price variations. We’ll also provide you with valuable tips on how to budget effectively for your dream yacht charter.

Base Charter Rates

The base charter rate is the starting point for calculating the cost of your yacht charter. This rate typically covers the rental of the yacht itself for a specific duration, which can range from a few days to several weeks. The base charter rate varies widely depending on several factors:

• Yacht Size and Type: Larger and more luxurious yachts come with higher base charter rates. Motor yachts are generally more expensive than sailing yachts due to their higher operational costs.
• Yacht Age and Condition: Newer yachts in excellent condition command higher charter rates than older vessels.
• Location: The location of your charter significantly influences the base rate. Popular destinations like the Mediterranean, the Caribbean, and the Bahamas tend to have higher prices and local taxes.
• Time of Year: Peak chartering seasons in specific regions can lead to higher base rates. For instance, the Caribbean can be more expensive during the winter months when the weather is ideal.
• Duration: Longer charters may offer lower daily rates compared to shorter ones.
• Inclusions: Some charters include additional amenities such as water toys, scuba equipment, or a chef. These extras can impact the base rate.

Additional Fees

Understanding the additional fees associated with yacht chartering is crucial for budgeting effectively. These fees can significantly impact the total cost of your charter:

• Fuel: Yachts consume fuel, even sailing yachts, and you may be responsible for covering these costs. Fuel expenses can vary depending on the yacht’s size, distance traveled, and usage of amenities like air conditioning and water sports equipment.
• Crew: Most charter yachts come with a crew that includes a captain, chef, or possibly a stewardess, and deckhand. The crew’s salaries and gratuities are usually included in the base rate, but it’s customary to tip them, often around 15-20% of the base charter rate.
• Provisions: You may need to budget for food and beverages during your charter. You can either purchase your provisions locally or opt for a fully provisioned charter, where the crew stocks the yacht with your preferred items.
• Dockage and Marina Fees: When you choose to dock at marinas or ports, you’ll incur fees. These fees can vary widely, and the more popular the destination, the higher the costs.
• Taxes and Permits: Some regions may require specific permits or impose taxes on yacht charters. Be sure to inquire about these expenses before booking.
• Communication and Entertainment: If you require internet access or want to use satellite TV, you may have to pay extra for these services.
• Optional Extras: Water sports equipment, scuba diving, and excursions are often available for an additional fee.

Seasonal Price Variations

The time of year you choose for your yacht charter can significantly affect the overall cost:

• High Season: The high season typically corresponds to the best weather conditions in a given region. Charter rates are at their peak during this time, so expect higher prices.
• Low Season: Chartering during the off-peak season can yield cost savings. However, be prepared for less predictable weather.
• Shoulder Season: Consider chartering during the shoulder season, which falls between the high and low seasons. You may enjoy good weather and more reasonable rates.

Tips for Budgeting

Here are some tips to help you budget effectively for your yacht charter:

• Set a Clear Budget: Determine your total budget, including the base charter rate, additional fees, and discretionary expenses. Stick to it to avoid overspending.
• Plan Ahead: Book your charter well in advance to secure better rates and availability, especially during peak seasons.
• Opt for Inclusive Packages : Fully provisioned or all-inclusive charters can simplify your budgeting by covering many expenses upfront.
• Be Mindful of Crew Gratuity: Factor in the crew’s gratuity when planning your budget. It’s a significant expense and a customary practice.
• Consider Trip Insurance: Trip insurance can protect you from unforeseen circumstances and potential additional costs.
• Review the Charter Agreement: Thoroughly review the charter agreement to understand what is and isn’t included in your charter rate.

Yacht chartering can be an unforgettable experience, and understanding the costs involved is essential to ensure a stress-free journey. By considering base charter rates, additional fees, and seasonal price variations, and following our budgeting tips, you can embark on your yacht charter adventure with confidence, knowing that you’ve planned for a seamless and enjoyable voyage on the high seas. Happy sailing!

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Are you ready to let us show you what we can do for you? We can’t wait! This is as exciting for us as it is for you. We began this business because we love putting the perfect yacht charter together for our clients and getting the best of the best at the right price point thanks to our contacts and experience. 

Use our quick contact form to give us the basics about what you’re looking for and we’ll send you ideas and pricing. Don’t worry if it’s not grand enough or should be scaled back; we’ll take care of that too. When you love the plan, we put it into action. All you have to do is show up and enjoy.

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Yacht Charter Costs Explained

A comprehensive breakdown of your charter costs and fees.

When you begin planning a luxury yacht charter it is important to be aware of what is included in the cost of booking your dream charter yacht. although a yacht will have a base charter fee, this may or may not include additional expenses such as food and fuel and this is subject to the terms and conditions within the charter contract. there are various types of charter contracts and which one applies to you will depend on where you wish to cruise., high season.

High season refers to the most popular weeks of the year for yacht charter, whether it’s the winter period in the Caribbean or the height of summer in the Mediterranean , booking in high season requires early planning, determination and a big budget. In addition, planning a yacht charter to coincide with a major event will also be reflected in the price with marine spots for elite events often booking up early. Allow plenty of time when making enquiries to ensure a star studded, well prepared arrival.

Low season typically refers to any time outside of the high season periods. Groups of families and friends looking for a relaxing luxury vacation are advised to avoid high season weeks and opt for weeks outside of this time. The busiest periods are of course reflected in the charter costs and can be up to 15 to 30 percent more expensive than typical low season periods. Chartering a few weeks either side of these busy periods can be almost exactly the same, with the weather almost unchanged in some places, with far less crowds.

Take to our detailed destination guides and browse the yachts available in your chosen destination. Some of the most successful superyachts in the industry can be reserved up to a year in advance and as most yacht brokers will warn away from last minute bookings, it is better to book early and have the pick of the bunch rather than miss out at the last moment. Browse the Events section for details on upcoming festivals and sporting events or visit our Finding a Yacht Broker page to begin your planning your luxury yacht charter.

This article will go into detail of the costs to be expected when planning and booking a yacht charter. From the base charter fee of a yacht, what is covered within the fee and how it may vary in addition to details of contracts and how an Advance Provisioning Allowance (APA) can be used to manage any expenses.

Base Charter Fee

The base charter fee in essence refers to the hire cost of the yacht itself, with all equipment in working order in addition to the cost of food and wages for the crew during the entirety of the charter. This is essentially all the base charter fee covers with additional expenses often applicable on top. The base charter fee will vary from one yacht to another and this may be down to any number of reasons from size and on board amenities to the charter season. For instance, the base rate of a charter yacht may increase in "high season" and reduce during the "low season". "High season" and "low season" refers to the busiest and slowest periods for yacht charters though this may appear misleading, as these peak times refer to periods of weeks as opposed to full seasons. In addition, you may find that a yacht is also more expensive during special events such as the Monaco Grand Prix, Cannes Film Festival and America's Cup. Unless you are keen to charter a yacht for a particular "high season" event, choose your dates carefully as although a "high season" rate will be more expensive than the "low season" the two can sometimes share much of the same weather conditions.

Aside from seasons and events, yachts of the same size may also differ in price and this may be down to a vast difference in on board amenities. A yacht which boasts an on board cinema or lavish water toys may have a higher base rate compared with a yacht of minimal amenities of the same size. If it is unclear as to why two yachts of the same size are vastly different in price, ask your yacht broker to explain what the differences are. Once you are clear on what the base price is and why, it is important to discover what costs will be applicable on top and this is dependent on the type of charter contract used.

The type of charter contract applicable to your charter will depend on where in the world you are cruising, as there are various terms within the industry which dictate how the payment structure is determined. For instance, a MYBA (Worldwide Yachting Association, formerly known as Mediterranean Yacht Brokers Association) contract operates under Western Mediterranean Terms (WMT) and is arguably the most commonly used, particularly with large yachts embarking on a Mediterranean yacht charter. This contract is often referred to as a "plus all expenses" contract and requires that the charterer pay for fuel, food, beverages and dockage fees as an additional expense outside of the base charter fee. Typically, guests can accumulate an additional 25% to 50% of the base charter fee though this is dependent on what is consumed. These expenses can be tracked through the use of an Advance Provisioning Allowance (APA) which we will cover in the next section.

Alternatively, smaller yachts on a Caribbean yacht charter can expect a "mostly all-inclusive" contract known as Caribbean Terms Inclusive (CTI) sometimes referred to as Standard Caribbean Terms (SCT). The Standard Caribbean Terms greatly differ from Western Mediterranean Terms, as the Caribbean terms include three meals a day in addition to four hours cruising per day which is included in the base charter fee.

In addition to the commonly used MYBA terms and Standard Caribbean Terms, there are also less frequently used terms such as Standard Eastern Mediterranean Terms (SEMT) and Greek Terms (GI). Read our guide on Understanding Charter Contracts for more information and if you are unsure as to what is included under the terms of your contract, be sure to ask your broker.

Advance Provisioning Allowance (commonly referred to as APA)

Irrespective of the charter contract it is important for guests to be aware of the Advance Provisioning Allowance (APA). The APA was designed to enable charterers to manage their expenses through a clear and trackable arrangement. An APA is a way to deposit the estimated expense amount of your charter to cover costs such as fuel, food and dockage fees. Typically, the APA accrues to approximately 25% to 30% of the base charter fee, though this does of course depend on the charter parties tastes and requirements and could be far less or far greater than this estimation. For instance, charter guests who intend to regularly dine on caviar and vintage wine can expect to pay more, whereas guests on board a sailing yacht charter can expect to save on fuel costs. Charterers can request an estimated APA amount from the yacht broker based on their on board expectations.

The APA is to be paid approximately one month prior to boarding the charter yacht and is paid directly to the Captain of the yacht. Once the APA has been paid to the captain it will then be retained as a bank account of sorts, from which the captain can make expenditures whilst keeping a record of what has been spent. At any point during the yacht charter guests can request a rundown of accounts from the captain as a way of keeping track of expenditures. The captain will request that any additional funds are paid during the charter should guests exceed the APA. It is therefore a good idea to keep an additional account with your yacht broker on shore, as should the APA become critically low at any time the yacht broker can release additional funds to the captain on the charterers command. Cash can be used if necessary though an on shore account may be deemed as hassle free to some.

It is important to remember that food and fuel for example, are charged at cost without mark up to the charterer and upon disembarking, transactions can be reviewed by the "head" charterer and Captain with any remaining funds to be paid back to the charterer.

Fuel and Dockage Fees

It is important to remember that whilst considering fuel costs, the fuel consumed when using jet-skis and tenders will also apply to the charterer. In addition, whilst docked at a marina the generators used in order to produce electricity will also use fuel. The distance travelled and speed of cruising also affects fuel costs and it is important to bear these factors in mind. Dockage fees may vary from very little to large sums and this is dependent again upon the location and whether you wish to dock during a special event such as the Monaco Grand Prix.

Although insurance costs are not directly connected to the charter costs as such, it is useful to bear in mind should you with to take out Charterers Liability Insurance or Cancellation and Curtailment cover. You can read more information regarding insurance in our How to Book and Plan a Yacht Charter article.

Value Added Tax (VAT)

European Union (EU) tax laws state VAT will apply should you disembark within their waters, for example Italian territorial waters. This may also apply to some Caribbean islands. Commercially registered vessels are usually VAT exempt though vessels which are not commercially registered will be liable for VAT for all charters within the EU.

No request is too large or detail too small on a yacht charter though it is wise to keep in mind the shipping costs should you request an expensive bottle of champagne to be transported to you whilst you are residing in a secluded bay of the Caribbean. It is important to understand the entire payment structure to ensure no unpleasant surprises arise and it is often prudent to keep an escrow account with your broker on shore in order to control charter costs without having to carry cash on board.

Getting Started

• Understanding Charter Costs
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• Finding a Yacht Broker
• Activities On-Board
• Yacht Charter Seasons
• Understanding Charter Contracts

Before You Go

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• What to take on your charter vacation
• Charter Preferences

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The Essential Guide to Yacht Charter Costs

• by yachtman
• September 14, 2023 June 22, 2024

The essential guide to understanding yacht charter costs provides valuable insights into the expenses associated with renting a yacht. This comprehensive article explores various factors that influence charter prices, covering everything from the type of yacht and its size to the destination and duration of the charter. By studying this guide, readers can gain a better understanding of the costs involved in yacht charters, helping them make informed decisions when planning their next luxury vacation at sea.

This guide begins by discussing the fundamental elements that contribute to yacht charter costs. It then delves into more specific details, such as the different types of yachts available for charter and how their features and amenities can impact pricing. Additionally, the article examines the significance of the charter destination and its influence on overall costs. By presenting this information in an easy-to-understand manner, readers can gain a comprehensive understanding of the pricing factors at play when it comes to yacht charters.

Furthermore, the guide offers some useful suggestions to readers who are looking to book a yacht charter . These suggestions aim to assist readers in making cost-effective choices without compromising on their desired experience. By providing insights into the selection of the right yacht and destination, as well as tips on negotiation and timing, readers can plan a memorable and cost-efficient yacht charter.

Yacht charters: Where the only thing that sinks faster than your bank account is your ex’s dreams of ever joining you on board.

Brief overview of yacht charters

Yacht charters provide a luxurious experience for those wanting to explore the open seas. Private vessels offer many amenities and activities to enjoy the journey. Whether you wish to relax or have thrilling adventures, charters cater to every need!

You can explore different destinations at your own pace. From sun-soaked beaches to secluded coves, there are endless possibilities. The crew takes care of everything, so you can relax and enjoy your vacation. From planning itineraries to providing local insights – charters cater to your preferences.

The largest privately owned sailing yacht is “A” owned by Andrey Melnichenko . It is 143 meters (468 feet) long and has stunning design features and luxurious amenities. It is a true masterpiece of engineering and opulence.

Importance of understanding the costs

Grasping costs is essential for businesses . It helps make decisions, budget, and raise profitability. Knowing expenses lets companies find ways to save resources and navigate competitive markets. Leaders aware of cost implications can create efficiency and drive growth.

Understanding costs helps evaluate projects and potential risks . Companies can do cost analysis to see if initiatives and investments are viable. This helps avoid financial strain and promote responsible decision-making.

Cost knowledge is also needed for contract negotiations with suppliers and vendors. Enterprises will be more equipped to get optimal value for money spent. This minimizes financial strain and creates strong business relationships.

Not understanding costs can be damaging to businesses . According to The Harvard Business Review (2018) , 90% of small businesses fail due to cash flow problems. These issues are often caused by unreliable cost knowledge, highlighting its importance.

Factors that Affect Yacht Charter Costs

Factors Impacting Costs of Yacht Charter

Various Elements Influencing Yacht Charter Expenses

Yacht charter costs can be affected by several factors, including:

• Type of yacht: The size, age, and luxury level of the yacht can significantly impact the charter costs. Newer and larger yachts with more luxurious amenities tend to be more expensive to rent.
• Charter duration: The length of time for which the yacht is chartered plays a crucial role in determining the overall costs. Longer charters usually entail higher expenses.
• Seasonality: Charter rates can vary depending on the time of year. Popular sailing destinations experience high demand during peak seasons, leading to higher prices.
• Additional amenities: Additional services and amenities, such as crew members, water toys, and gourmet meals, can increase the overall charter costs.
• Destination: The location of the charter can also affect the price. Operating expenses, taxes, and local regulations can differ from one destination to another, impacting the final cost.

Table: Factors Affecting Yacht Charter Costs

Additionally, yacht charter costs can be influenced by other unique factors specific to individual situations, further impacting the overall yacht charter taxation expenses.

Did you know? According to CharterWorld, the most expensive yacht charter in the world is the superyacht “History Supreme,” worth a whopping $4.8 billion.

Want to feel like a millionaire without actually being one? Just remember, the size and type of yacht you choose can determine whether you feel like a rockstar or a glorified pool floatie.

Size and type of yacht

Fancy something extraordinary? Consider luxury mega-yachts or superyachts! Sailboats over 100 feet also offer exclusive yacht-chartering experiences. Here’s a look at the cost range per week:

• Under 40 feet: Sailing yacht or small motor yacht – $1,000 – $5,000.
• 40 – 70 feet: Moderate-sized motor yacht or crewed catamaran – $5,000 – $20,000.
• Above 70 feet: Luxury mega-yacht or superyacht with extensive amenities and crew services. Trendy yachts with unique design features may also fall into this category. Pricing for these exclusive vessels can range from tens of thousands to millions per week, depending on various factors.

To optimize your yacht charter experience, consider the following:

• Set a budget.
• Assess needs/preferences.
• Research reputable charter companies.
• Utilize online platforms.

By considering these tips, you can find the perfect yacht for an unforgettable voyage – at an appropriate cost!

Charter duration

Once upon a time, Mr. Johnson desired a two-week yacht charter through the Caribbean to celebrate his retirement. He and his friends and family sailed away on the luxurious “Ocean Voyager.” The views were breathtaking and the crew was top-notch!

However, the longer the duration of the charter, the more it cost. Mr. Johnson saw this in the following table:

Extra meals and maintenance for a longer duration would also add to the costs. Despite this, Mr. Johnson still enjoyed every moment, as he felt it was a well-deserved reward after years of hard work.

Seasonal variations

June, July, and August are peak months for vacationers. Because of this, the demand for yacht charters is high and costs surge. In September, however, demand is still high, yet costs moderate.

Yacht companies have seen a shift in preference to off-peak seasons, so they offer promotions or discounts to attract more customers. This helps people plan their trips according to their budget. They can have a luxurious experience without spending too much, by choosing the right time.

Additional expenses (fuel, crew, food, etc.)

Extra costs, such as fuel, crew, and food, have a big impact on the overall cost of chartering a yacht. Let’s take a peek at these expenses and learn how they add up to the final bill.

Fuel: This varies depending on the distance traveled and the yacht chosen. Bigger yachts with more amenities usually consume more fuel.

Crew: Salaries for experienced crew, gratuities, and special services requested all add to the cost.

Food: Cost of provisioning depends on dietary requirements, preferences, and duration of the charter. Luxury catered meals or special dietary needs may lead to higher provisioning costs.

It’s interesting that provisioning costs are easier to estimate than fuel and crew costs. Research from CharterWorld.com shows that extra costs for fuel, crew salaries, tips, and provisioning can make up 25-35% of the total yacht charter cost .

Be sure to understand these costs when planning your luxury yacht experience!

Location of the charter

Geographic location has a major effect on charter costs. Prices can vary due to demand, availability, and local regulations. The table below shows the average charter costs in popular yacht destinations:

Remember, these are simply averages. Prices depend on yacht size, charter type (crewed/bareboat) and time of year. Plus, fuel and dockage fees may apply.

Weigh your preferences and budget before picking your destination. Over the years, destinations have changed due to exploration patterns, global interests and weather conditions. This fluctuating history explains why costs vary from location to location.

Understanding the Pricing Structure

Yacht charter costs can be better understood by examining their pricing structure. Here is a breakdown to help you gain insight into the various components that determine the overall cost:

The pricing structure includes different factors such as the yacht’s size, the duration of the charter, additional services, and any special requests. It is important to note that prices may vary depending on the location and time of year. For a comprehensive understanding, let’s delve into some unique details that provide more clarity without using sequencing adverbs or referencing specific paragraphs. Imagine a group of friends embarking on a yacht charter adventure, where they experience the breathtaking beauty of the Mediterranean coastline. The cost of their charter included luxurious accommodations, gourmet meals prepared by a private chef, and various water activities. This real-life story highlights the incredible value and unforgettable experiences that can be enjoyed through yacht charters. By understanding the pricing structure and considering individual preferences, one can make informed decisions when planning a yacht charter. The tale recounted here exemplifies the extraordinary possibilities that await those who explore this opulent and captivating form of travel. Get ready to set sail on the luxurious seas, where the base charter fee is the only thing that won’t make your wallet jump overboard.

Base charter fee

When it comes to pricing structure, it’s crucial to understand the “Base charter fee” . This fee builds the base for the charter cost and involves multiple factors. Let’s take a deeper look into this fee with a clear and precise breakdown.

Peep the table for an extensive understanding of the base charter fee components:

All components are essential in deciding the base charter fee. For instance, the type of vessel can range from expensive yachts to commercial boats, with different levels of comfort and amenities. Moreover, charter duration, crew size and qualifications, fuel usage, and insurance coverage also add up to the overall cost.

To make your charter experience more economical, here are some tips:

• Pick a suitable vessel: Consider your needs and preferences when picking a vessel type. Opting for one that meets your requirements ensures you don’t spend extra on luxuries you don’t need.
• Plan your duration smartly: Figure out how long you really need the vessel for. By avoiding extra rental period, you can reduce costs while still having a great time.
• Be sensible with crew requirements: Consider the necessary crew members based on your knowledge of sailing or boating. Although it’s important to have a skilled team for safety reasons, having an overly large team can increase expenses.
• Monitor fuel consumption: Stay aware of how much fuel is used during your charter. To keep fuel costs low, avoid unnecessary detours or excessive speeds.
• Examine different insurance options: Look into various insurance packages to find one that serves your needs best. Compare policies and take into account factors like coverage limits, deductibles, and additional benefits.

By following these tips and understanding how each factor impacts the base charter fee, you can make smarter decisions when planning your next charter adventure. Remember, knowing the pricing structure allows you to have a great experience without going over budget.

APA (Advance Provisioning Allowance)

APA stands for Advance Provisioning Allowance . It’s a fund given by the charterer to cover costs during a yacht charter. These costs include fuel, food and drinks, marina fees, communication costs, and other charges.

Here’s a table that shows how the APA is distributed:

This provides transparency and smooth financial management. Plus, any funds left over are usually refunded to the charterer.

Here are some tips to effectively manage your APA:

• Plan – Estimate expenses based on duration, itinerary, and guests.
• Communicate – Share preferences with the captain or team.
• Monitor – Review and monitor expenditure.
• Prioritize – Allocate funds according to your priorities.

By following these tips, you can make the most of your APA and enjoy a stress-free yacht charter!

Extra costs and fees

It’s worth noting that these are some examples of extra costs and fees you may come across. The details will depend on your circumstances and the product or service being offered.

A historical example illustrating the importance of understanding extra costs is the Suez Canal . Initially estimated at $90 million (in today’s currency), additional expenses amounted to another $125 million. This shows how unexpected costs can significantly impact projects and emphasizes the need for thorough consideration of extra costs and fees.

Having an understanding of extra costs and fees means you can make informed decisions and budget effectively. By assessing and accounting for these additional expenses, you can get an accurate idea of the total cost involved in your purchase or agreement.

Deposits and cancellation policies

Deposits and cancellation policies are essential in understanding pricing. It’s key to get to know these policies, as they can change your overall experience with a product or service.

So, let’s look deeper into deposit and cancellation policies:

You need to remember that each product or service has its own deposit and cancellation policies. These policies protect both the customer and the provider, helping ensure fairness for all.

Being aware of these policies helps you make smart decisions. Knowing all fees and restrictions linked to deposits and cancellations avoids surprises and makes sure your choices fit your needs.

Here’s a fun historical fact about deposit and cancellation policies: Ancient Roman theatres had their own refund system! If a play was cancelled due to bad weather or other issues, people could get their ticket money back. This shows that, centuries ago, it was already acknowledged how important it is to have clear rules regarding cancellations.

Tips for Reducing Yacht Charter Costs

Yacht Charter Cost Reduction Strategies:

• Plan in advance: Booking your yacht charter early allows you to take advantage of early bird discounts and secure the best rates.
• Opt for shoulder seasons: Consider chartering during the off-peak months which are typically less expensive than the peak season.
• Be flexible with your itinerary: Choosing less popular destinations or mixing popular and lesser-known spots can help reduce costs.
• Share the charter: Splitting the cost with friends or family members can significantly lower individual expenses while still enjoying the experience together.
• Limit additional expenses: Be mindful of extras such as fuel, provisioning, and crew gratuity, as these can add up quickly. Consider self-catering options or bringing your own supplies to save on provisioning costs.
• Consider shorter charters: If your schedule and budget allow, opting for a shorter charter period can help lower overall costs while still enjoying a memorable yacht experience.

In addition, it’s worth noting that chartering during the offseason may offer additional advantages, such as more availability and a greater chance of negotiating lower prices.

By following these tips, you can make the most of your yacht charter while keeping costs under control.

Pro Tip: Collaborate with a reputable yacht charter broker who can help you navigate the options and find the best deal for your budget and preferences.

Timing is everything, especially when booking a yacht charter – book ahead of time to save money, unless you’re into that ‘last-minute panic’ adrenaline rush.

Booking in advance

Booking a yacht charter in advance is a great way to save money. This way, you can get better rates and more options. Here are the benefits:

• Discounts: Early bird reservations often have discounted rates.
• More Options: You can select your ideal yacht if you book early.
• Price Stability: Booking early locks in the current rate and prevents price increases.

Plus, booking early gives you peace of mind. You don’t have to worry about yacht availability. Here’s how to make an advanced booking:

• Plan: Research and compare yacht charter companies in advance.
• Budget: Determine your budget and allocate funds for the charter.
• Contact: Contact the yacht charter company directly to negotiate rates.

By following these tips, you can find a cost-effective yacht charter that suits your needs. So, start planning your next adventure now!

Being flexible with dates and destinations

Being ready to go for different dates and places can reduce yacht charter costs significantly. Follow this 4-step guide and make the most of flexibility:

• Think Off-peak: Opt for less busy travel periods and watch your budget. Steer clear of peak seasons and holidays, when prices are high.
• Check Multiple Destinations: Don’t focus on one place. Compare prices for various spots and find more affordable options.
• Grab Last-Minute Deals: Many charters offer discounted rates for late bookings. Flexible dates bring significant savings.
• Consider Alternative Routes: Changing your sailing route can lower fees and regulations. And that means lower costs for you.

Remember: offers and discounts vary across charters and locations. So do your research for the best deals.

Let’s look at an example of the power of flexibility in yacht charters. A group of friends dreamed of a Mediterranean trip during peak season. But the high price tag was a bummer. So, they adjusted their travel dates and decided to explore the Greek coast instead.

By going off-peak and taking advantage of the available deals, they got a fully equipped yacht for a much lower rate. This proves that being open-minded about dates and places can unlock amazing possibilities while saving money.

Flexibility is the answer for budget-friendly yacht charters and discovering new places.

Choosing the right yacht and amenities

When selecting a yacht for your charter vacation, make sure it meets your requirements and preferences. Think about its size, number of cabins, layout , and any extra features like a jacuzzi or deck area .

Also, evaluate the crew on board. Search for staff who are experienced and friendly , and can anticipate your needs and provide great service.

Research different routes and destinations offered by charter companies to find the one that fits your interests and activities .

One pro tip: Consider additional costs like fuel, food, drinks, and docking fees when comparing prices for different yachts. Sometimes, a higher-priced yacht can be more cost-effective with these extras.

By taking all these factors into account, you can make a wise choice when choosing the ideal yacht and amenities for your charter vacation.

Considering shared charters or cabin charters

When looking to save on yacht charters, shared or cabin charters are an excellent option. You can still have a luxurious experience while also spending less.

• Shared Charters: Splitting the cost of the charter with other guests is great for those traveling alone or in a small group.
• Cabin Charters: Booking individual cabins on a larger yacht means lower costs and more connections.
• Cost-Sharing Benefits: Shared charters and cabin charters often include shared expenses, making them more affordable.
• Added Flexibility: With multiple travelers to consider, there’s a greater chance of finding an arrangement that suits your schedule.

Solo travelers, couples, and small groups often opt for these options. To get the best deals, plan ahead and look out for discounts and last-minute offers. And don’t forget to share extra costs! Why not try it and have a luxe experience at a fraction of the cost?

Negotiating and communicating with charter companies

Sarah managed to get a great deal for her yacht charter by being knowledgeable and presenting an alternate offer. Her respectful but self-assured approach helped her make a connection with the charter company, leading to a satisfactory agreement.

To achieve similar results, here are some tips:

• Research the company to get familiar with their pricing tactics and negotiation strategies.
• Make sure to communicate your budget and plan in detail, giving the company the chance to provide tailored options.
• You can try booking during off-season or at the last minute, as this may help you secure a better deal.
• Don’t shy away from negotiating on the price or asking for value-added services.

Moreover, keep in mind the following:

• Ask about any hidden costs or extra fees.
• Be flexible with your travel dates if you can, as it may increase your negotiating power.
• Use a professional tone when discussing price and other terms to build mutual understanding.
• Document all agreed-upon conditions in writing to protect both parties.

Finally, good communication skills are essential when dealing with charter companies. Make sure to ask questions, get clarification on any doubtful points, and express your needs. This will make negotiations smoother and may reduce costs.

In closing, the key points to consider regarding the costs of yacht charter can be summarized. It is important to thoroughly research and understand the various factors that contribute to the overall expense. By carefully assessing the size and type of yacht, destination, duration of charter, additional services, and potential hidden costs, one can make an informed decision. Additionally, it is advisable to consult with a reputable yacht charter broker to ensure a seamless and enjoyable experience. Ultimately, through careful planning and consideration, individuals can find a yacht charter option that best fits their budget and preferences.

Moreover, it is worth mentioning that yacht charter contracts can vary significantly depending on the specific requirements and preferences of the charterer. Costs can vary based on the time of year, with peak seasons typically being more expensive. Additionally, the level of luxury and amenities available on the yacht will also impact the cost. It is important for potential charterers to carefully review and understand the details of their chosen charter agreement to avoid any unexpected expenses.

Furthermore, charterers should be aware of potential additional costs, such as fuel, provisions, marina fees, and crew gratuities. These expenses can add up and should be factored into the overall budget when considering a yacht charter. Properly budgeting for these additional costs will help ensure a stress-free and enjoyable experience on board. Check out the essential guide to yacht charter regulations for more information.

The Essential Guide to Yacht Charter Costs highlights the importance of understanding and budgeting for the various expenses associated with yacht charter. By providing comprehensive information and tips, the article serves as a valuable resource for individuals considering a yacht charter.

Source: The Essential Guide to Yacht Charter Costs , yachtcharterfleet.com

The only thing more luxurious than a yacht charter is the feeling of not having to worry about the cost… but let’s not dwell on that.

Recap of essential information

Let’s recap some essential info to cement our understanding. Here are 4 key points to recall:

• Firstly, be brief and omit useless details.
• Secondly, bullet points can aid readability and make facts easier to digest.
• Thirdly, organizing important info in a systematic way helps us remember it better.
• Lastly, a creative and engaging presentation can help comprehension.

Now, some fresh details that haven’t been touched upon:

• To comprehend better, adding in relevant examples and case studies is useful.
• Furthermore, visuals like graphs or diagrams can help convey complicated ideas.

And now for tips to help us retain and comprehend essential info:

• Acronyms and memory hooks are great mnemonic techniques for memorizing and recalling.
• Practicing active learning methods, like quizzes and discussions, improves retention and comprehension.

These strategies can help us learn and remember essential info effectively. Their strength lies in making complex concepts simpler, while also engaging learners.

Final thoughts and recommendations

It’s essential to prioritize learning and growth to stay on top in this ever-changing world.

Effective communication and collaboration are vital for success and innovating.

Diversity and inclusion build a more welcoming workplace and also spark creativity and problem-solving.

Organisations must invest in tech and infra to adapt during uncertain times.

These tips are not exhaustive, so tailor them to your unique needs.

Explore AI to increase productivity and streamline processes.

Put money into employee training to boost efficiency and effectiveness with digital skills.

Frequently Asked Questions

Q: How much does it cost to charter a yacht?

A: The cost of chartering a yacht depends on various factors such as the size of the yacht, the duration of the charter, the destination, and any additional services or amenities. On average, yacht charter costs can range from $10,000 to over $1 million per week.

Q: What is included in the yacht charter cost?

A: Yacht charter costs typically include the rental fee for the yacht, the crew’s wages, onboard amenities, and insurance coverage. However, additional expenses such as fuel, food and beverages, docking fees, and taxes may not always be included and should be discussed with the charter company.

Q: Are there any additional fees that I should be aware of?

A: Yes, there may be additional fees associated with yacht charters. These can include fuel surcharges, VAT or sales tax, provisioning fees (for food and beverages), gratuity for the crew, and docking fees at different ports. It is important to clarify all potential extra costs before finalizing the charter.

Q: What is the duration of a typical yacht charter?

A: The duration of a yacht charter can vary depending on the preferences of the client. Charters can last anywhere from a few days to several weeks or even months. Some yacht charter companies also offer day charters for those who prefer shorter trips.

Q: Can I bring my own food and drinks on board?

A: In most cases, you can bring your own food and drinks on board a yacht. However, some yachts may have specific policies regarding outside catering or charge a fee for provisioning. It is important to discuss this with the charter company beforehand.

Q: Are there any restrictions on where I can charter a yacht?

A: There may be certain restrictions on yacht charters depending on the destination and local regulations. Some areas may require special permits or have restricted cruising grounds. It is essential to consult with the charter company about any limitations or regulations before planning your charter.

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How Much Does It Cost to Charter a Yacht?

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Last Updated on May 30, 2023 by Boatsetter Team

Who among us hasn’t dreamed of cruising far horizons aboard a luxurious private yacht? Even just imagining ourselves cruising around sandy shores, anchoring in secluded coves, and pulling up to a great waterfront restaurant or a colorful beachside bar makes us happy.

Yacht charter makes all of this a reality. If you’re concerned about the cost of chartering a yacht, cast your apprehensions aside. Plenty of options means there’s no reason to give up on being the hero or heroine of your own dreams.

Here we’ll go over the types of private yacht charters and the costs of one. Let’s dream big together, shall we?

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Types of private yacht charters

Firstly, there are different types of private yacht charters. All-inclusive charters include the yacht, a professional captain and crew , all onboard meals and beverages, harbor fees, and fuel costs.

You’ll likely enjoy this experience the most if your hardest decision all day is how many cups of coffee you’ll drink at breakfast.

Meanwhile, a plus-expenses private yacht charter includes the yacht, the captain, and the crew. Meal costs and fuel costs are separate. So, too, are port taxes, dockage, and other fees.

You pay for these through an allowance before stepping aboard or a bill at the end of your trip. Either way, it allows for a more personalized, tailored experience.

Note that these types of private yacht charter are much different than the bareboat charter type. With that type of trip, you’re basically the owner and crew rolled into one.

You chart where you want to go, fuel up as needed along the way, and provision the boat. Similar to renting a car while on vacation, you keep the boat neat and tidy so there’s a quick turnaround for the next customers to step up.

Costs of a private yacht charter

Okay, now that you understand the types of charter, you’re still probably wondering how much it is. The cost of chartering a yacht may seem high, at least initially.

However, it actually can be quite reasonable if a few friends or family members join you and split the expenses. In fact, you may find you get more bang for your buck compared to other upscale entertainment choices, like staying at a resort.

A few factors ultimately influence the cost of chartering a yacht. As already mentioned, all-inclusive charters are different than plus-expenses charters. Additionally, the age of the yacht and the crew’s reputation comes into play.

The time of the year —peak summer season, for example— does as well. The charter’s length, the yacht’s size, and the passenger total are often the biggest factors, however.

Consider a yacht in Miami that lists at $2,100 for an eight-hour day . Once you add fuel costs, dockage fees, and the captain’s gratuity, the total is about $3,300.

Since the yacht accommodates 12 people, that’s $275 per person. Even with just eight people, you’re each paying $412.50. Remember, this isn’t just transportation; it’s sightseeing, anchoring, swimming, and so much more entertainment all rolled into one day.

Ultimately, the cost of a private yacht charter can and does reflect a vacation as laid-back or as extravagant as you wish. Yachts from 45 to 65 feet in length easily can accommodate up to 10 people.

Usually, they book trips lasting a few hours, though some further offer daylong charters. At the other end of the spectrum are ultra-luxurious experiences in which 12 or more in your party can spend a week aboard.

These are much larger yachts—well over 100 feet—with much larger crews. They’re decked out with spas, swimming pools, and regal staterooms with marble-lined baths (too luxurious to be called heads).

This type of deluxe charter comes with a price tag of six figures for a week. If you book one, let us know if we can tag along—or at least tag us on Instagram.

Remember, too, that gratuities aren’t included in the cost of a private yacht charter, regardless of whether you book an all-inclusive or plus-expenses trip. If you’re pleased with the crew and the service, tip 15% to 20% of the charter fee.

If, after reviewing all these details, you decide the cost to charter a yacht just isn’t in your budget, don’t give up!

Consider instead boat sharing or boat renting

Boat-sharing sites like Boatsetter give people like you more access to great boats, with more boats added all the time. Grab a group of your friends and family, and get out on the water. That’s the most important thing to do.

Learn more about renting out your boat or yacht from Owners on the platform.

Boatsetter is a unique boat-sharing platform that gives everyone — whether you own a boat or you’re just renting — the chance to experience life on the water. You can list a boat , book a boat , or make money as a captain .

List your boat & start earning an avg. of $20K yearly with Boatsetter

A journalist with more than 30 years’ experience, Diane M. Byrne is the owner of MegayachtNews.com, a daily website educating American superyacht owners, buyers, and their circles of influence about the leading builders, designers, cruising destinations, and more. She founded the website in 2007 as the first, and still the only, American-focused online media outlet exclusively covering this market. It features all-original content, for real stories of real interest.

Diane is additionally one of the most-sought-after journalists for expert editorial coverage and commentary about not only superyachts, but also general boating and yachting. Her byline appears in Boatsetter.com, DiscoverBoating.com, and the magazines Luxury Guide, Ocean, Yachting, and Yachts International.

Additionally, Diane is the Chair of the U.S. Superyacht Association, having been on the Board of Directors since 2015. Outside of yachting, she’s a trustee of Sempre Avanti, a non-profit resource supporting Italian and Italian-American individuals, businesses, and organizations in the United States and Italy.

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How Much Does it Actually Cost to Charter a Yacht?

From tips to APAs, we steer you through all the costs associated with private yacht charters.

By Emma Al-Mousawi

The appeal of yacht travel is unmatched: complete privacy, round-the-clock service, stunning locations and the option to simply travel a new path if the weather forecast turns inclement – what could be better? But, benefits aside, one key questions remains on the minds of sea-farers to-be: how much does it actually cost to charter a yacht?

There is no denying it – yacht charter does not come cheap, with plenty of potentially hidden costs lurking among every decision. Fortunately, though, with proper advance planning, expert knowledge and the right professionals in your corner, chartering a yacht can be a breeze – and without any worrisome bills to round off your trip.

[See also: The World’s Most Expensive Yachts for Charter]

What will my yacht charter rate include?

There are generally two types of yacht charter: an all-inclusive charter and the more common ‘plus expenses’ charter. As the name suggests, the cost of an all-inclusive yacht charter will include (almost) everything such as crew, food, drinks, fuel and water sports equipment (though always check as this does vary between charter companies). However, some all-inclusive charters won’t include dockage or mooring fees, which can soon add up – but more on that later. 

A ‘plus expenses’ or ‘separated charges’ charter is where a base price is charged for the ship and its crew, while everything else is paid for through an ‘Advance Provisioning Allowance’ (APA) before you step onboard. Prior to a voyage, guests will complete a preference sheet with their likes and dislikes, enabling the chef and service team to stock up on the guest’s favorite items. This tends to be the norm on superyacht charters as it allows for a much more tailored experience.

As well as covering food and beverages, an APA will also cover things like fuel and possibly dockage. It is usually charged at around 30% of the yacht’s base rate. According to luxury yacht brokers Northrop and Johnson, the average price paid by its customers for a week’s ‘plus expenses’ charter was around $152,000 in 2020, which would mean an APA of around $45,600 – not a small sum, so it’s something to be aware of when selecting your vessel. 

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A third, less common charter is a ‘bareboat’ charter. This is a charter without a crew or provisions and only generally favored amongst experienced yachtsmen and women or those who can supply their own crew. 

[See also: How to Charter a Superyacht]

Does size impact how much it will cost to charter a yacht?

The reputation of the crew, the age of the yacht and its design will all influence the price of your charter. However, the single biggest factor that will impact cost is likely to be the size: the bigger the yacht, the more you’re likely to pay. 

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For example, with leading yacht brokerage Burgess , a week’s charter in the Caribbean aboard the 163.3-ft Home starts at $245,000. If you opt for the larger Laurentia , at 180.5 ft, the price starts at $400,000. Both yachts were built in 2017 by leading Dutch shipyard Heesen and have capacity for 12 guests, but there is over $150,000 difference in the price. Naturally, you can also expect a higher APA for a bigger ship. 

Novice charterers might be surprised to learn that a larger yacht doesn’t automatically translate into a larger guest capacity. Most superyachts are capped at a 12-guest limit due to International Maritime Organization safety regulations.

Does the type of yacht impact the price?

The answer is yes, but to a lesser extent than size. There’s something for everyone when it comes to yachts: classic yachts (built between the 1920s and 1970s) allow you to experience old-school glamour of a bygone era, whereas sportfishing yachts are nimble and offer a long-range to get you to the best fishing (or diving) spots.

Sailing yachts are a popular choice amongst boating enthusiasts, but by a long shot, the most popular charter yachts are motor yachts. These are typically what spring to mind when you picture a superyacht and, size-dependent, tend to be the most expensive type of yacht to charter, often being pricier to purchase, maintain and fuel. Explorer yachts are motor yachts designed to cope with the most extreme conditions – if you’re planning a luxury superyacht charter to Antarctica, for example, it’s likely to be aboard one of these.

Over the past decade, explorer yachts have skyrocketed in popularity amongst intrepid travelers looking for opulent adventure on the seven seas. A week onboard on of the world’s fastest explorer yacht, the 311.68-ft Bold , costs approximately $949,300. This also makes it one of the world’s most expensive yachts to charter, in line with what you’ll pay for chartering the crème de la crème of the more ‘conventional’ superyachts typically seen on the French Riviera, like the ultra-glamorous O’Pari . A week’s charter onboard the 312-ft O’Pari comes complete with custom artwork and DJ booth costs from $1.85m.

[See also: The Best Luxury Yacht Builders in the World]

Is chartering during certain months more expensive than others?

The time of year will impact your charter price. In yachting, there are two main seasons – summer and winter – and chartering during these peak times will push up the cost. The summer season runs from May to October, with peak rates in July and August. The winter season runs from November to April, with peak rates over the Thanksgiving and Christmas holidays and into New Year. Location also dictates the price of a charter; for example, Caribbean charters are costlier from December to March whereas Mediterranean charters are at their priciest during the summer months. 

How much do you tip on a yacht charter?

Not even a Mediterranean jellyfish has the power to sting an unassuming first-time sailor like end-of-trip expenses. 

With ‘plus expenses’ charters, your APA is paid before you set sail. However, a detailed list of outgoings will be kept by the ship and if your expenses surpass the amount of your APA, you will be asked to cover the amount for the remaining charter. Saying this, it does work both ways – any unspent APA will be refunded to you. 

On both all-inclusive and ‘plus expenses’ charters, crew gratuities are not included in the yacht charter price. If you were happy with the service, the going rate for tips is around 15 to 20% of the charter cost. 

Depending on your charter agreement, docking fees, a charge you pay to keep your yacht in a marina or harbor overnight, may or may not be included in the cost. These can vary greatly depending on the location, time of year and the size of your yacht. Expect to pay the highest docking fees on the Mediterranean during high season with Capri and St Tropez commanding some of the steepest premiums.

Your itinerary can also affect the price, as traveling to places like Antarctica and the Arctic Circle requires expensive permits. Certain destinations will also charge tax and VAT, so it is sensible to check with your broker if you’re keen on getting a cost breakdown before your trip. 

[See also: The Best Superyachts to Charter This Summer]

Emma Al-Mousawi

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Yacht Charter: How Much Does it Cost? All Rental Costs Explained

How much it costs to rent a yacht isn’t always a very clear cut answer. There are numerous ways to charter a yacht and different factors can significantly increase or lower the cost of a yacht rental.

Here are the main costs to consider to estimate the total yacht rental price of your next yacht charter.

Yacht Rental Costs in a Nutshell

To calculate the price of a yacht charter, you need to sum the base fee of the yacht charter (the price you see displayed on websites), taxes (varies depending on destination), APA , crew gratuity and insurance cost . 

Depending on the details of your yacht charter, you will need to add between 30% and 100% on top of the base fee to have the total cost of your rental.

Here is an idea of the ranges you can expect for the yacht charter base fees :

• Motor Yachts – Sailing Yachts under 50ft: €4 000 – €15 000 / week
• Motor Yacht – Sailing Yachts between 50ft and 65ft: €15 000 – €40 000 / week
• Motor Yachts – Sailing Yachts between 65ft and 80ft: €40 000 – €70 000 / week
• Motor Yachts – Sailing Yachts between 80ft and 100ft: €70 000 – €100 000 / week
• Motor Yachts – Sailing Yachts over 100ft: €100 000 – up to 1,000,000 / week

To know the estimation of your total yacht rental cost based on your situation, use our free calculator below , or read the next paragraphs to make the calculations on your own.

What is the (true) cost of chartering the yacht you've seen? 💰⛵

The advertised prices of all charter companies do not include APA, VAT & other variable costs. 

Use our calculator to get a 100% FREE estimate of the REAL total cost of your next yacht charter! ⬇

How is the total price of a yacht rental calculated?

There are two main categories of yacht charters: all-inclusive or separated charges. 

The all-inclusive yacht rentals option (rare)

The all-inclusive option isn’t very common in yacht charters, and tends to be for smaller yachts and cruise where it’s easier to package a standardized offer.

As the name implies, all-inclusive yacht charter offers a price that includes everything: fuel, food, beverages, and entertainment (diving and fishing equipment).

The “usual” option: base charter rates and separated variable charges to add on top

In most yachting websites, the price of a yacht charter only refers to the  base price  of a boat at its lowest possible charter time.

It doesn’t include many variable costs such as food and beverage, fuel, taxes, insurance and so on.

To understand the total cost of chartering a yacht when it’s not all-inclusive (which is almost always the case), it’s therefore important to split the costs that are included in the base rate of the yacht (the price you’ll see displayed on a website) from the costs that are not included in that base rate , that you will therefore need to add yourself if you want a precise estimation.

Don’t worry, the math isn’t rocket science.

The formula goes like this:

Total yacht charter price = Base charter fee + APA + Taxes + Insurance

We’ll detail each costs in the following paragraphs.

The base charter fee of a yacht rental: Costs and factors included in the calculation

The base charter fee of the yacht rental is essential in calculating the total cost of your charter. Most variable costs are calculated as a percentage of that base fee and are simply summed up together along with the base fee to get the total cost.

Here is what you should know about the base charter fee.

The base charter fee follows a simple rule: the longer the yacht, the higher the charter cost

The boat’s size affects the base charter fee considerably. It determines the number of cabins and guest capacity , the number of staff on board, along with a lot of amenities that tend to get more spacious and more luxurious the longer the yacht gets. 

Everything that comes with the yacht (including the staff!) is included in the base charter fee.

The more reputable and in-demand the yacht is, the higher the base fee gets

A yacht reputation and popularity can also affect the base fee, even for boats within the same size range.

Boats are by definition limited in stock and follow supply and demand laws . When a particular yacht is in high demand, whether it’s thanks to its reputation, its features, the season or its recent appearance in a movie, series or TV shows the price of the charter can shoot up.

For instance, chartering a yacht featured in a James Bond movie such as  luxury yacht Regina  won’t cost the same as a regular model. Likewise for most yachts that are a part of the popular Below Deck TV show .

It can also be true for some classic yachts that had famous builders or previous celebrity owners.

The season does influence the yacht rental prices at the base fee level

Your yacht charter base fee depends to some extent on your date of departure. 

If you take your vacation during the busiest weeks of the year (high season) of a destination, you’ll pay a higher base price than someone who charters a yacht on low season dates.

In the Mediterranean, the high season is in summer while it’s in winter for the Caribbean. The yacht charter base fees will be at their highest during these months. 

Sometimes just a week or two can make a big difference to the price. Chartering a yacht in shoulder seasons can be a good idea when you are looking for good deals.

Likewise, since some destinations have very short seasons , it has increased demands and makes it more expensive.

International events will also increase the cost of a yacht charter. Expect to pay more if you want to attend the Monte-Carlo Masters (April), the Cannes Film Festival (May), or the Monaco Grand Prix (May) during your yachting vacations in the Mediterranean.

The destination you pick can affect the base charter fee of your yacht rental

Your vacation destination is an essential factor in the yacht charter charge that is included in the base fee. 

As the supply and demand law dictates, the more competition there is, the less you have to spend. It is why locations with large charter fleets are less expensive.

The Bahamas, BVI and the Mediterranean are for example more affordable than remote islands without established yachting industries.

The water toys are usually included in your base yacht charter fee and influence its amount

On a yacht, water toys don’t refer to your average backyard inflatable unicorns. Think instead of big equipment for marine activities: jet skis, kite-surf, kayaks, paddleboards, submarines, and expensive high-powered yacht tenders.

Some vessels come with sea pools or a giant slide to glide from the top of the boat straight into the ocean.

Most of these items, especially when they are in high numbers, can come at a cost that will be on the bottom line of your yacht charter invoice.

All the water toys specified in the yacht brochure when you make the reservation are generally included in the base fee . But it’s up to you if you want to rent others or even buy them. Make sure you ask your broker for advice about the cost of these extra if your budget is limited.

The base fee of your yacht charter is fixed and proportional to its duration

Most yacht charter companies only work ‘per week,’ and yacht owners rarely accept a shorter duration. Many companies have minimum stays of ten days, however some boats accept day charter or short periods, you can always ask your broker for an appropriate selection.

You can rent a vessel for two weeks or more, but the price won’t go down for longer holidays.

Yacht rental costs that are NOT included in yacht charter base fee

Now that we’ve seen what is usually included in the charter base fee, let’s find more about all these costs that you’ll have to add to the base fee to estimate your total yacht rental cost.

APA: the main variable cost of your yacht charter (add 20%-40% to your base fee)

The charter fee usually covers the cost of renting the yacht and the crew’s salary. But you still need to pay for fuel, provisions, and other extras for your trip. 

A fee covers all these additional costs : APA or Advanced Provisioning Allowance.  Find out more about the APA here.

APA is the standard system to pay your expenses on a luxury yacht charter, and it is generally a percentage of the charter fee. You’ll usually end up paying between 20% and 40% more than the base cost of the yacht charter in APA.

The amount varies a lot, depending on the ship and your activities. It will increase if the yacht has a higher fuel consumption, if you plan on cruising more than 4 hours a day, if you want to have onboard particular expensive brands, etc.

What does the APA cover?

APA covers all the day-to-day operating expenses. It also includes any special requests you might have while you’re on board. 

Here are the main costs of your yacht rental the APA covers: 

Food and drink

On your yacht charter, the chef can prepare all the dishes you want, whether you are vegan or low carb, whether you have allergies or require kosher meals. Make sure that you explain your food preferences to your broker.

Fuel Charges

Your fuel costs will depend on your boat, your itinerary, and whether you choose to cruise or stay at anchor. A sailing yacht charter can cost 10% less than a motor yacht charter because the fuel consumption is smaller.

This amount also includes the fuel expenditure of any water toys and tenders you use during your charter.

Harbor fees and dockage

The harbor fees and dockage will be more or less high-priced depending on your destination and season. All these costs will be included in your APA.

Communications Costs

For most people, yachting is about enjoying life outside of the daily routine. If you can’t survive without the Internet or satellite communications, you don’t have to worry. Your yacht charter will provide you all the digital connections needed. They won’t add much to the APA, but it’s still something that comes at a price.

Delivery fee

If you board or disembark the ship outside its usual harbor, you’ll have to pay a transportation fee to cover the fuel required to get your yacht to your requested destination.

Interiors and Laundry

The APA fee includes interiors and laundry costs to keep the yacht immaculate. But if you request unique decoration, it may add an extra charge.

Personal laundry services may not be covered depending on the yacht.

Taxes: a cost that varies a lot from country to country (add between 0% and 35% on top of base charter fee)

Taxes do have an impact on the total cost of your yacht charter, especially in some destinations.

For example, in Europe, chartering a commercial vessel is subject to VAT . But fees vary significantly according to your destination and itinerary. Some countries have a 0-tax rate (Montenegro, New England), while in others a passage in the international waters can lower the VAT rate.

The taxes can vary from VAT, national parks entrance (la Maddalena in Sardinia for example), countries taxes etc. the VAT and taxes will be based on the charter fee, so make sure you discuss this with your advisor to anticipate the cost.

Here are some VAT rate applied on luxury yacht charter in 2022 :

–  Charter in France  will be at 20 % VAT based on charter fee

–  Charter in Italy  will charge 22 % VAT based on charter fee

–  Charter in Spain  will charge 21 % VAT based on charter fee

–  Charter in Croatia  will charge 13 % VAT based on charter fee

–  Charter in Greece  will charge 24 % VAT based on charter fee with a discount of 60% on charter of more than 48h ending usually at 12% VAT, this is subject to change in 2022.

Moreover some countries such as Spain or Greece charge a licence for a yacht to be able to embark passengers for a paid charter in their waters, this explains why not every yacht can cruise in all countries.

Crew gratuity: a good practice to include in the cost of your yacht charter (add 15-20% to the base charter fee)

The crew on a yacht work even if you don’t notice it. 

Serving, cleaning, preparing, fixing, they are the key elements that make your charter a success. 

Even if tipping is not strictly mandatory, it is common practice to include a tip to the team when you are satisfied by their services. 

The suggested amount is around 15-20% of your base charter rate . It is therefore important to include this amount in your yacht rental price beforehand.

Yacht charter cancellation insurance: a small cost that can save you a lot (add 15% of your base fee)

Cancelling or shortening a yacht charter can be very expensive if you don’t have cancellation insurance.

It is a small price to pay to ensure that all the money spent on your yacht charter will not go to waste if some unfortunate event leads you to miss your yacht rental.

As a charter company, we will help you select the best insurance options among several different offers.

In most cases, your cancellation insurance will cost around 15% of your charter base fee.

A typical yacht rental total cost isn’t as hard to determine as it seems when you know all the variable costs and your base fee.

Once you have your base charter fee in hands, add the following costs to estimate the final amount you’ll see on your yacht rental invoice:

• 20% – 40% on top of your base fee for APA (low end for sailing vessels, higher end for motoryachts)
• 0% – 30% of taxes and VAT on top of your base price. Highly dependant on your destination.
• 10% – 15% on top of your base fee for crew gratuity
• 15% on top of your base fee for cancellation insurance

Get in touch with our team to estimate more precisely the cost of your yacht charter project.

FAQ about cost of yacht charter and APA

Small motoryachts and sailing yachts under 50 ft (15m) can be chartered from 4,000€ to 15,000€ weekly.

Chartering motoryachts and sailing yachts between 50ft and 65ft costs between 15,000€ and 40,000€ weekly.

Between 65ft (20m) and 80ft (24m), you can expect motoryachts and sailing boats charters between 40,000€ and 70,000€ weekly. Between 80ft (24m) and 100ft (30m), the cost of chartering a yacht ranges between 70,000€ and 100,000€ weekly.

For yachts over 100ft (30m), the cost of charter ranges between 100,000€ and 1,000,000€ weekly.

APA stands for Advance Provisionning Allowance. You pay this fee in advance to cover food and drinks, fuel charges, harbors fees and dockage, communication, delivery fee various fees such as cleaning or interior design.

Advance Provisionning Allowance varies depending on your travel plans. Usually, it represents a surcharge of 20% to 40% on top of the yacht charter base price.

The APA is due one month before you set sail when dispensing your final charter payment. The captain directly receives the money and will supervise all the purchases made before and during your journey. He will be responsible for ensuring the crew stays within budget and will provide receipts upon request.

APA estimations are usually accurate. The captain will keep you updated during your trip. If you decide to go over the initial payment, you can top up the APA in cash or pay the balance during your trip.

With transparent communication, realistic budgets, and advanced provisioning, you may spend less than the APA and have the difference returned to you at the end of the cruise.

Get the base charter fee of your yacht rental, add taxes, APA, crew gratuity and cancellation insurance and you will have a very close estimation of your yacht rental cost everything included.

The base charter rate includes everything that is on a yacht: cabins, amenities, water toys along with the crew. Everything else (fuel, food, taxes…) come at an extra cost.

Crew gratuity is usually comprised between 15% and 20% on top of the base charter fee for most yacht rentals.

For sailboats in tax free areas, you can get away with a total cost of 30% on top of the base rate. In extreme cases (motoryachts in high taxed countries with big tips for the crew and cancelation insurance), you can more than double the base price. Most charters should be in between within the 40-80% on top of base fee range.

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Price Breakdown: How Much Does It Cost to Charter a Yacht?

Do you find yourself daydreaming about fruity drinks on white sand beaches, surrounded by crystal-clear ocean as far as the eye can see?

It’s probably time to take a vacation.

Booking a yacht charter is the perfect way to relax. Why not take a trip to indulge your every whim in the tropical paradise you’ve been craving?

We can make it happen for you.

You’re probably wondering how much this little excursion will set you back. The truth is, the cost to charter a yacht varies depending on a few factors.

The Cost to Charter a Yacht by Type of Vessel

All of our vessels are sleek, modern, and high-end luxury yachts. However, they do vary as far as size and onboard amenities — that’s where the price difference comes into play.

We have more intimate boats available from $844.21, like the 38′ Lotus Lagoon catamaran out of Hawaii. This beauty carries six guests and comes equipped with paddle board gear, snorkeling equipment, and complimentary beverages and snacks.

If you want to bask on the bow of a bigger boat, you might find something like our California-based 108′ Monte Fino is more up your alley. Flat screen televisions, plush staterooms, a jacuzzi, and spacious lounging areas are all available for up to twelve guests on charters from $7,937.49.

The Cost to Charter a Yacht by Trip Length

The length of your trip also affects the cost to charter a yacht. For example, the base price of the Lotus charter mentioned above is $796, which includes two hours of sailing. If you want to sail for three hours, the price will increase by half to $1,194, and go up accordingly for every hour you add on.

What if you want to go out for a few days, or even a few weeks? We offer multi-day charters and excursions to many exciting destinations for a base price of $13,000 per day, excluding gratuity and any provisions or catering.

You could putter around exploring the Channel Islands for a few days, or you could go even further. Why not discover the best of Hawaii’s hidden gems on a week-long coastal cruise? You can head to Greece, Italy, Mexico, or wherever the wind may take you.

Other Factors Affecting the Cost to Charter a Yacht

Say you fall in love with a particular vessel, located in Marina del Rey, but you want to cruise around San Diego. We totally understand. We’ll move it for you, which will incur an additional fee.

Which type of sailing you want to do will also affect the cost to charter a yacht. Base prices listed are for sailing in the harbor. For coastal sailing, an extra hourly fee will be added to your rate.

Keep in mind that Luxury Liners operates in the spirit of complete transparency. When you book a yacht charter with us, there are no hidden fees. Everything is displayed before you pay, and the price you see is the price you get.

Bring Down the Cost to Charter a Yacht by Booking with Us

Our mission is to bring you the most high-end vessels at the best prices. We’re ready to help you book your dream charter today.

Want to see what we have to offer? Have a look at our yachts page to see our prices and learn more.

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How Much Does It Cost To Charter a Yacht?

Private yacht charter prices vary sigificantly, based on the size of the yacht, the type of yacht, how many crew, and where the yacht is cruising. There are also high and low season rates. We only arrange fully crewed luxury yacht charters, and for all bookings the yacht charter price, "charter fee", includes the cost of the yacht, the crew, and the yacht's insurance. There are other costs such as local taxes, gratuities and possibly expenses based on the type of yacht and where the charter occurs.

It's a common question our specialists answer - "How much does a yacht charter cost". As you can tell on the brief outline below about luxury yacht charter prices it's a complicated answer - one which our specialists are happy to explain in great detail for you.

If you are ready to speak to someone to answer your specific questions, our charter specialists are available to you at no additional cost and we are happy to share the experience we have gained over the last twenty years. Just click below to contact us to discuss details, expected charter rates, and any additional costs with you at any time without obligation. With access to every available crewed charter yacht worldwide and decades of experience, we'll have the answers you need.

Private Yacht Charter Costs- "Plus Expenses" Rates.

For this type of pricing, the basic charter fee covers the yacht (equipment and amenities), its crew (plus their meals), and insurance coverage for the yacht charter.

Additional costs will include the running expenses for the yacht during the charter including fuel for the yacht, generators, tenders, water toys, dockage, port fees, and all other consumables like food and drinks. These are all considered charter expenses.

These other costs incurred are charged "at cost" with no markups. This provides fair pricing for all clients based on their activities and what is consumed or purchased by the yacht for them. A charter where the charterer wishes to cover large distances and/or wants to consume the very finest wines will obviously incur higher expense costs than a charterer who travels short distances and has more modest tastes in food and wine. Of course during your charter, at any time your captain can keep you up to date on expenses being accumulated.

A deposit "advance provisioning allowance or APA" is made by the charterer along with their final payment which is used by the yacht to pay for expenses in preparation for, and during, the charter. Any unused funds in the APA are returned to the charterer at the end of the charter, and if more is required the charterer will be asked for additional funds. The amount of the APA is listed on the charter agreement.

It is hard to predict such expenses in advance so this system has proven to work very well for the majority of yachts and guests. The charterers themselves control the costs, and the captain updates them as frequently as desired during the charter. Our charter specialist will be able to provide an outline of expected charter costs beforehand.

Can Rates Be "All Inclusive" ?

YES, Some yachts, typically smaller sailing yachts or crewed catamarans in the Caribbean, are priced using "All Inclusive" rates. This is sometimes called "Caribbean Terms" based on its main usage in that charter destination. These all inclusive prices are rarely seen outside the Caribbean. The fixed nature of that location allows some yachts to predict the running costs of a charter vacation. That said, the prices vary typically by season and the number of guests who will be aboard a specific charter.

For yachts using this type of pricing, the basic charter fee also includes all food, beverages, and fuel. Selections of wine and liquor vary by yacht but may be requested and included in the rate, or a known upcharge will be shared beforehand. Your specialist will communicate these nuances when quoting the rate for any yacht.

See also our All Inclusive rates page for more information.

What About Crew?

Do yacht charter prices vary.

Yes, the majority of rates for charter yachts fluctuate based on different dates and locations. Prices are defined by the owner and can change at any time prior to a finalized contract. Our charter specialist will explain the different rates so you can make the best choice to suit your time, budget, and stateroom needs.

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We specialize in one thing and one thing only - fully crewed luxury yacht charters worldwide - and we have been doing this for decades.

We are pleased to list some past client comments here for you to read from clients in their own words.

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How Much Does It Cost to Charter a Yacht? (Price Chart)

Yachts are luxurious boats you can rent for the weekend for the required price. Typically, a yacht charter cost depends on its length and desired amenities. The advantage of this option is in absolute freedom, so rigid commercial cruise ship timings and crowd won’t restrict your enjoyment.

There are two possibilities with such a choice. You can enjoy privacy or pick out the yachts with the crew dedicated to your needs. In both cases, you will have an unforgettable sailing time but be prepared that such a pleasure will cost you a lot. Let’s see.

What Yacht Charter Is?

Yacht charter is actually renting an owner’s yacht for an agreed period, typically a week. An average yacht charter can cost you about $12,500 per week in the high season, while prices are lower in the low season.

You can find a comfortable yacht for $10,000 per week in that period. You will have full access to all available amenities while sailing, like:

• Swimming pool
• Water toys, such as equipment for water skiing, wakeboarding , or snorkeling

You can charter a yacht anywhere worldwide. The only condition is to find the port and yacht type you want to rent. Most owners will provide an experienced captain and crew, and it is practically impossible renting a yacht longer than 50 feet (15 m) to sail on your own.

The yacht’s crew will care for all your needs during charters, including ferrying, providing meals, or washing laundry.

If you want to be a captain , you need to have the Yachtmaster Ocean license, but some countries require the equivalent license. In that case, you should find a smaller yacht or a possibly bigger one located in Croatia.

However, the first step is to determine the yacht type suitable for your needs that you want to rent.

Crewed Catamaran

Popular Catamaran is suitable for group sailing and offers enough space, comfort, luxury, and privacy. You can charter this boat type when looking for a family vacation at an affordable price.

You should take advantage of Catamarans convenience and discover beautiful bays while dining close to the water. Modern fittings and experienced crews will offer the feeling of being on a luxurious yacht, but with the freedom of a sailing yacht.

Crewed Sailing yacht

This yacht is a comfortable option to enjoy sailing surrounded by luxury. Sailing yachts excellently head upwind but are suitable only for experienced sailors.

Crewed Motor yacht

This option is for you when you know the exact location to visit and have a precise itinerary in advance. So, this boat will allow you to get there while spending relaxing time.

Crewed Superyacht

Superyacht offers the holiday like in a 5-star-hotel. The cabins are comfortable, often with hot tubs and an exercise room. Plus, you have internet access and luxury water toys at your disposal at any moment.

Such a charter vacation will cost you at least $15,500 per week for a 65.5 feet (20 m) long yacht. A maximum price can go to approximately $3,400,000 per week for 450 feet (135 m) long super luxury yacht.

Factors That Affect Yacht Charter Costs

Yachts are almost always privately owned, so yacht charter costs primarily depend on the owner’s demand. That is a reason for the wide price range in this field, but some general frameworks still exist and are related to several factors.

The yacht production year, design, brand, water toys, crew reputation, and the previous owner will significantly affect the yacht charter costs . Boats with a reputation as the most luxurious or largest and those whose former owners are celebrities will be more pricey.

For instance, the iconic charter yacht ‘Highlander’ has higher rates for so-called fame value since it hosted many celebrities, including Elizabeth Taylor and Prince Charles.

However, the yacht size will have the most significant impact on the renting price. Simply said, the bigger yachts will cost you more.

For instance, a week’s charter will cost you approximately $20,000 to $80,000 when you pick out a 65 to 80 feet (20 – 24.5 m) yacht. On the other hand, renting an 80 to 100 feet (24.5 – 30.5 m) long model is more expensive, and its price will be $80,000 and $120,000.

As you can expect, a weekly charter rate for over 100 feet (30.5 m) long superyacht is at least $100,000 and often more expensive. Renting a super-luxury mega yacht longer than 200 feet (61 m) goes from at least $300,000 to over $1,000,000.

In rare cases, you can find a charter fee discount offer. It is always time-limited, typically when a particular boat has a gap in the charter calendar due to an unexpected cancellation.

Destination

As you can expect, the charter destination plays a significant part in charter costs. For example, Mediterranean and Bahamas yacht charters prices are more competitive, while places without large charter fleets will be more costly.

Typically, all charters outside the USVI and BVI will be expensive since cruising permits and taxes for remote destinations are higher. Finally, sailing to Alaska can be pricey since renting is available only for half a year because of the harsh weather. You will probably need to make a reservation in advance.

Trip duration

In most cases, the yacht charter is for seven to ten days on average, but sometimes owners accept a shorter duration. In such rare cases, a minimum stay is five days.

The trip length directly affects the charter costs. If the primary price included two hours of sailing , you should count on a 50% higher rate when deciding to use the yacht for three hours.

Be aware that the yacht charter price won’t go down for longer holidays, so you won’t get a discount and pay less when renting the boat for a longer period. The price for a week is the same whether you rent a boat for a week, two weeks, or a month.

Yacht charter prices vary depending on the season, like most other touristic services. Therefore, you can expect higher rental costs during the high season. However, you should be careful with dates since they are not the same for all destinations.

For instance, high seasons in the Caribbean are New Year’s Eve, Christmas, and all February. On the other hand, you should count on the highest prices in July and August when you plan to sail in the Mediterranean.

The yacht charter rates are often higher during famous festivals, carnivals, and shows. The most expensive destinations based on dates include:

• Olympic destination
• The Film Festival in Cannes
• Grand Prix in Monaco
• America’s Cup

If you only want to use a yacht during your vacation, you should plan sailing carefully. Sometimes, only a difference of one week can significantly affect the charter costs.

In other words, you can rent a boat the first low season week when the weather conditions are still the same as the previous high season week. However, it will cost you 15% to 30%, or approximately $6,000 to $30,000 less, depending on the yacht length.

The number of passengers

The group size is a primary thing you should consider before renting a yacht since it will directly influence the yacht type you need.

For instance, a monohull boat is ideal for a small family, but a group of 8 to 10 will need at least a catamaran. Finally, you should pick out a large yacht when planning a big party for many people.

All-inclusive or plus expenses

1. all-inclusive.

It is a complete service you can get for your money. In this case, the rates include:

• Accompanying crew
• Meals and snacks
• Open standard bar drinking
• Onboard watersports equipment

Be aware that there are some limitations regarding excessive consumption as well as consuming champagnes, extraordinary brands, and vintage wines.

A standard crew gratuity of 15 to 20% of the charter rate is excluded from the all-inclusive charter. Finally, you will need to pay separately for the final cleaning, insurance , dockage, and necessary taxes.

All-inclusive is an excellent option for renting monohull charters, catamarans, and yachts under 80 feet (24.5 m).

2. Plus expenses

This service typically includes:

• Yacht with the crew
• Yacht insurance

In this case, you should pay for all operating expenses at cost, including:

• Food and drink
• Consumables
• Communications
• Dockage, cruising taxes, port fees, and port agent fees

Typically, the owner will charge these extra costs from an Advance Provisioning Allowance, increasing the yacht charter fee by 30 to 35%.

It is the most often option on motor yachts, higher-end sailing yachts, and superyachts since the overall costs significantly vary, depending on the number of passengers and their demands.

This term includes many different equipment and amenities, like:

• Paddleboard
• Underwater sea bob
• High-powered smaller boat (yacht tender)
• Personal submarine

Some super luxury yachts can also come with:

Since the primary price doesn’t include these toys, you need to pay for the required ones.

Other factors

The owner will always recommend you to consider paying for optional extras, like:

The outboard engine – It will cost you €80 (approximately $90) to the charter cost but save you from rowing ashore in case of an accident.

Safety net – It is necessary equipment if you sail with children, which will cost you €80 (approximately $90) for one.

Adding crew – Paying for a cook or hostess can be convenient for a private cruise if you can afford it. That satisfaction will cost you €100 (approximately $110) a day, but keep in mind that the chef’s daily allowance is slightly higher.

Skipper – A professional help is always welcome, so you should consider hiring a skipper to find the best routes and places worth visiting.

Food costs for the crew – You should need to include the food for the crew on the paying list.

Yacht chartering is an excellent way to vacation and discover exotic islands and beautiful waterfront towns. You should pick out a boat of the proper size and a reputable yacht broker to help you with the organization. It is an expensive but ultimate pleasure you will remember for life.

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How much does it really cost to charter a luxury yacht?

Booking your first charter can be a tricky stretch of water to navigate, especially when you're confronted with provisioning allowances and price variations before even stepping on board. To make things a little easier, we have put together the ultimate guide to all the costs you might encounter when booking your dream yacht charter vacation...

If you want to charter a luxury superyacht , understanding the costs involved can seem a little daunting first time around. The two important things to understand are your base price, referred to as a "charter fee" or "charter rate", together with what you will be expected to pay on top of it. All-inclusive charter rates are not industry practice, so guests should expect to be paying more than just the basic fees listed on broker’s websites or in their brochures.

The best analogy for determining the cost of your charter is with buying a car. It’s never quite as easy as just walking into a showroom and saying, “I’ll take the blue one.” Immediately the salesman will whip out his order pad and start asking questions. “Do you want a radio?” “How about the fancy wheels?” “Did you want the two-tone paint?”

Yacht brokers will be able to provide you with an accurate estimation of all the costs involved in advance, but here is a breakdown of what to expect.

What is a yacht “charter”?

At a basic level, chartering a yacht means paying a fee to rent out an owner’s superyacht for an agreed period of time with a pre-arranged itinerary of where you will be cruising on board. During a charter vacation you will have access to all of the superyacht’s amenities which could include a swimming pool, beach club or cinema, as well as the toybox, which often provides equipment for water sports like wakeboarding, snorkelling or water skiing. During charters, guests will be looked after by the yacht’s crew, who will take care of your every need, including ferrying you to and from shore, washing laundry and providing meals cooked by the yacht’s chef.

How much does it cost to charter a superyacht?

Across BOAT International's listings, a charter vacation can range from a minimum of €14,000 per week (20 metre yacht George V ) to a maximum of €2,200,000 per week (126.2 Octopus ). Generally speaking, the bigger the yacht the bigger the cost of the charter, but this isn't always the case. There are actually many more factors that can influence the basic charter fee – not to mention the add-on expenses that are involved.

According to averages taken from BOAT International’s listings, smaller superyachts measuring under 30 metres LOA will have a weekly charter rate somewhere around €40,000 while yachts between 30 and 40 metres will weigh in at an average of €70,895 per week. 

Over 40 metres is when the charter rate will move into the €100,000 per week range, with yachts between 50 and 60 metres costing on average €219,826 per week while yachts in the 60 to 70 metre range average €444,521. Mega yachts measuring 80 metres and over will, on average, set charterers back by around €1.7 million a week. This is just an average price, however, and each yacht’s charter rate will be affected by a number of aspects from how many cabins and amenities there are on board to the dates and locations of where the charter takes place.

What factors can influence the base price of a yacht charter?

High season vs. low season.

In general, you’ll find two basic rates: high season and low season, usually with specific dates set for each. In addition, you’ll find chartering around special events that are more expensive: New Year’s Eve , Monaco during the Grand Prix , Cannes during the Film Festival , an Olympic destination or on the sidelines of the America’s Cup .

The key is to choose your times carefully. A difference of one week (from high season into low season) can significantly alter the cost, while still providing the same weather as the more expensive period. For yachts measuring between 30 and 40 metres, the high season price could result in an increased cost of around €6,000 per week. The highest increase in an average charter rate between low and high seasons can be seen in BOAT's listings of yachts measuring between 60 and 80 metres, with high season rates potentially costing around €33,000 extra.

The yacht itself

The yacht itself is a major factor in determining the charter cost, but it’s not just about size. A recently launched charter yacht from a famed builder with an experienced and popular charter crew is going to command top prices for its size range. Yachts with a legendary name or a history of celebrity ownership (for example Malcolm Forbes's iconic charter yacht Highlander , which has hosted everyone from Elizabeth Taylor to HRH Prince Charles) can also ask higher rates just for the “fame” value. And yachts with special features, such as cinemas or exceptional water toys like a submarine are also pricier.

Three different 30 metre charter yachts may vary in cost by as much as €75,000. Ask your broker to explain the differences. One yacht may have a larger and more experienced crew or a big-name chef, another yacht may be a little tired, another may not be in a prime location. It’s important to understand why the prices are higher or lower.

If a yacht has a gap in its charter calendar to fill, for example following an unexpected cancellation, some brokers will occasionally offer a time-limited charter fee discount offer .

What is included in a charter contract?

Knowing the base price of your charter is just the starting point. Depending on the location, which often governs the terms of the contract , more or less may be included in the inital fee, such as insurance or cancellation policies. Bear in mind that every charter yacht, because they are privately owned and the owner sets the rules, is slightly different. One yacht may include a “standard” selection of wines with every meal and charge only to upgrade the vintages, while on another yacht the wines are a la carte. Below we look at the different types of charter contracts you may come across when booking your yacht.

Mediterranean Yacht Brokers Association (MYBA)

Under Mediterranean Yacht Brokers Association (MYBA) charter contracts, which are arguably the most common, the charterer is charged for the hire of the yacht, fuel, marina fees, crew wages, guests' personal laundry, insurance, water toys, food and drink as well as engine room maintenance 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.

Caribbean Terms Inclusive (CTI)

The Caribbean Terms Inclusive (CTI), which is sometimes called Standard Caribbean Terms (SCT), is another type of charter contract which is more inclusive. It accounts for three meals per day and fuel for four hours of cruising a day. Some yachts under CTI terms include basic beverages (not vintage wines or champagnes), but this is mainly in the Virgin Islands.

Greek Terms (GT)

For yachts being chartered around the Greek Islands and mainland, another common phrase you may come across is "Greek Terms" or a GT contract. This will similarly include the cost of the yacht and its equipment, crew wages and laundry as well as any specific berthing fees required for Greek waters. 

What is an Advance Provisioning Allowance?

Part of your yacht charter contract will include an Advance Provisioning Allowance or APA. This is an amount of about 30-35 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, 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 with a sufficient amount in cash to cover the needs for the remainder of their stay. 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. Here is what is covered by an APA...

Food and drink

Before you book a charter, your charter broker can provide you with a good estimate of the additional costs that will be incurred. Food is one of the largest and it is directly proportional to how exuberantly you plan to dine. If you expect several bottles of Champagne with every meal, then you can assume that your costs will be higher.

Fuel can be another cost and, again, it depends on how much the yacht cruises and how fast, too. Time spent at anchor will include the fuel for the generators, while shore-side electricity when at a dock is also an extra. Don’t forget that fuel is also charged for the tenders and water toys , so you’ll pay for the fuel used while zipping around on the jetskis.

Harbour fees and dockage

Harbour fees and dockage are a variable that can range from exorbitant (a front-row dock at the Monaco Grand Prix) to little or nothing in some areas.

Communications

Communications are another cost and, with the options for satellite communications and Internet, an important one for most charterers.

Delivery fee

A delivery fee is usually charged if a charterer requests to board (or depart) a yacht at a distance from where the yacht is normally based.

All the yacht laundry, including towels, sheets and table linens, is included in the charter fee, but some yachts charge to launder personal items of the charterer. Most, however, will do small quantities of personal laundry as a service but they usually won’t be responsible for delicate items.

At the end of each yacht charter, a cash tip is given by the primary guest to the captain to divide amongst the crew. Standards for a crew tip can range from five to 20 per cent of the base charter rate. This is not a cost included in the APA but some brokers will advise that any APA funds leftover at the end of the charter can be used to make up part for the tip. To learn more, read our handy charter tipping guide .

One cost not directly related to the operation of the charter yacht is insurance for the charterer. Cancellation and curtailment insurance is the charter version of travel insurance on airlines and cruise ships: It covers the charterer for the costs if unforeseen circumstances force a cancellation or shortening of the charter. Your charter broker can provide this insurance, which is a wise investment.

Charterers may be charged VAT, or “value added tax”, on the charter fees. Many European countries and a few Caribbean islands add VAT, but it is a complex issue that depends on where you board and debark the yacht, so rely on your charter broker for advice.

Made to measure

While it may seem at first glance that the extras or "hidden costs" on many charters are just a way to pad your bill, they are actually a benefit to the charterer. Food and drink, for example, is custom-ordered to meet the client’s requests, so the level of expense is entirely up to the charterer. Fuel is only charged if it is used and other fees are also at the discretion of the charterer. So you do have a way to control your costs and still savour a luxurious charter. What is important to remember is that each charter is unique depending on the needs and desires of the guests, and brokers and crew will always work to satisfy those demands. Ready to get started? Browse our charter listings to pick the perfect charter yacht for your next vacation.

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How Much Does it Cost to Charter a Yacht

Experience the Luxury of a Yacht Charter Vacation Imagine cruising the crystal-clear waters, surrounded by...

Table of Contents

• Experience the Luxury of a Yacht Charter Vacation

Imagine cruising the crystal-clear waters, surrounded by luxury. A yacht charter vacation offers unmatched luxury and adventure. If you’re wondering how much it costs to charter a yacht, factors like yacht size, season, and destination play a role.

And what types of charters are available to the destination you want to go to? Understanding these elements helps in planning the perfect yacht getaway.

Table of contents

Factors influencing the cost of chartering a yacht, cost breakdown of yacht charter fees, types of yachts and their costs, how to choose the right yacht for your budget, ckim group: a leading yacht brokerage, start your yacht charter adventure today, frequently asked questions.

What Determines the Cost of Your Dream Yacht Charter?

Understanding what to expect to pay for your dream yacht charter involves considering several key factors:

Type and Size of the Yacht

Choosing the right boat is crucial. Motor yachts provide speed and luxury, while sailboats offer a classic, wind-powered experience. Catamarans provide stability and space, and power catamarans blend speed with comfort. Whether you’re considering a luxury private yacht charter or a more budget-friendly option, the type and size significantly impact the cost of chartering a boat.

Duration of the Charter

Whether planning a short getaway or a month-long voyage, yacht charters offer flexible options to suit your schedule and preferences. Weekly charter rates are common for shorter trips, while long-term charters provide extended exploration opportunities. Understanding the cost of renting a yacht for less than 6 nights versus chartering a Yacht for a week helps budget planning.

Season and Destination

The time of year and where you sail significantly impact costs. High seasons in popular destinations like the Mediterranean , Caribbean , and the Bahamas generally mean higher yacht charter prices because of increased demand. Low seasons may offer more affordable charter rates with quieter waters and a more relaxed atmosphere.

Understanding Yacht Charter Fees: What’s Included and What’s Extra

Base Charter Fee

This fee covers the basic cost of renting the yacht. When revising the base price of a yacht charter, it’s essential to consider additional expenses like fuel, crew gratuity, provisioning, and dockage.

An inclusive charter typically includes

• Crew: Captain, chef, and other staff members.
• Use of Yacht: Accommodation and amenities onboard.
• Drinks: Including standard ship’s bar.
• Meals : most breakfasts, lunches and dinners. Any meals ashore are at the guests’ expense.

Plus Expenses Charters (APA – Advance Provisioning Allowance)

The Advance Provisioning Allowance (APA) is a down payment towards:

• Fuel: For the yacht, tender, and motorized water toys.
• Food and Beverages as requested on the preference form by the guests.
• Port Fees: Charges for docking at various ports.
• Any services requested by the guests. For example tours, and transfers.
• Customs Fees.

Tips for the crew are customary, typically around 10-20% of the base charter fee, depending on the location of the charter.

Understanding these costs helps you budget effectively for your yacht charter experience.

Choose the Perfect Yacht for Your Budget

Motor yachts.

Known for luxury and speed, these can range from moderately priced to high-cost per week yachts.

Luxury on the Move: Typical Costs, Amenities, and Features of Motor Yachts

Explore the world with speed and comfort. Motor yachts offer luxurious amenities and spacious interiors, typically from $25,000 to $1,000,000,000+ per week plus expenses. Whether looking at luxury yacht charter costs or planning to rent a yacht for three nights or longer, motor yachts provide a range of options.

Offering a classic sailing experience, they are generally more affordable than motor yachts.

Sail Away: Typical Costs, Amenities, and Features of Sailing Yachts

Embrace the wind and waves aboard a classic sailboat. Enjoy serene cruising and charming accommodations, with costs averaging $15,000 to $300,000+ per week plus expenses. Understanding the cost of chartering a sailboat versus other types of yachts helps in decision-making.

Sailing Catamarans

Combining stability with space, they are a popular choice among those seeking comfort without the price tag of an expensive yacht.

Spacious and Stable: Typical Costs, Amenities, and Features of Catamarans

Experience stability and roominess. Catamarans provide ample space and comfort, priced around $15,000 to $100,000 per week. When comparing yacht charter costs, catamarans offer a unique blend of stability and luxury.

Motor Sailors

Best of Both Worlds: Typical Costs, Amenities, and Features of Motor Sailors

Blend motor power with sail elegance. Motor sailors offer versatility and charm, with costs ranging from $15,000 to $100,000 per week, depending on the size and amenities. Wondering how much it costs to charter a yacht that blends the best of both worlds? Discover the advantages of chartering a motor sailor for your next yacht vacation.

Power Catamarans

Speed and Stability: Typical Costs, Amenities, and Features of Power Catamarans

Zoom across the water in style. Power catamarans combine speed with comfort, priced approximately $30,000 to $80,000 per week. Curious about how much it costs to charter a yacht like a power catamaran? Understanding how much it costs to rent a yacht like a power catamaran ensures you choose the right boat for your needs.

Luxury Superyachts

Ultimate Indulgence: Typical Costs, Amenities, and Features of Superyachts

Experience unparalleled luxury and extravagance. Superyachts offer opulent accommodations and top-notch amenities, with costs to charter starting from $50,000 per week and soaring into the millions for longer charters. Consider luxury yacht charter prices when planning your ultimate yacht experience.

Choose the yacht that best fits your desires and budget, ensuring an unforgettable charter experience with a clear understanding of how much it costs to charter a yacht.

Find Your Ideal Yacht Charter: Tailored to Your Needs and Budget

Understanding Your Needs and Preferences

Customize your experience:

• Number of Guests: Choose a yacht that comfortably accommodates your group.
• Preferred Activities: Whether it’s water toys or relaxation, select amenities that match your interests.
• Desired Destinations: From the French Riviera to other fascinating locations, define your ideal yacht itinerary.

Working with a Yacht Broker

Expert Guidance: Benefits of Using a Yacht Broker, Finding the Best Deals, Ensuring a Smooth Charter Experience

A yacht broker offers:

• Expertise: Navigate options and negotiate terms.
• Best Deals: Access exclusive offers and discounted rates.
• Smooth Experience: Ensure all arrangements are seamless, from booking to disembarking.

Partnering with a yacht broker simplifies the process, ensuring your yacht charter meets all your expectations within your budget.

Why CKIM Group is Your Best Choice for Yacht Chartering

Brief Overview of CKIM Group

Discover CKIM Group:

• Trusted Experts: Known for expertise and reliability.
• Customer Service: Commitment to exceptional service.
• Range of Yachts: Offering diverse options to suit every preference.

Why Choose CKIM Group for Your Yacht Charter

Exceptional Service:

• Personalized Service: Tailored to your needs and preferences.
• Extensive Network: Access to a wide range of yachts worldwide.
• Positive Customer Reviews: Testimonials affirming satisfaction and trust.

CKIM Group ensures a seamless yacht charter experience, backed by expertise, personalized service, and a commitment to customer satisfaction.

Embark on the journey of a lifetime with a yacht charter tailored to your dreams.

Recap the Key Points

• Explore the costs and factors influencing yacht charter prices.
• Understand the types of yachts available and their unique features.
• Learn how to choose the right yacht based on your budget and preferences.
• Discover the benefits of working with CKIM Group as your yacht broker.

Encourage Readers

Consider the luxury and freedom of a yacht charter for your next vacation. Contact CKIM Group for expert guidance and personalized service to ensure an unforgettable experience.

How much does a crewed catamaran charter in Greece cost?

The cost varies depending on the size of the catamaran, the time of year, and the level of luxury. Prices can range from a few thousand euros per week to over ten thousand euros for high-end options.

Is fishing gear included in the charter price, or are there additional costs?

Fishing gear, including rods, reels, and tackle, is typically included in the charter price of M/Y PAREAKKI, ensuring a seamless fishing experience.

What factors influence the cost to charter a yacht?

Yacht size, type, duration of charter, season, and destination all play a role in pricing.

How do I choose the right yacht for my needs?

Consider factors such as the number of guests, type of occasion, desired amenities, and budget. Consulting with a Yacht broker like CKIM Group can help match you with the perfect yacht.

How do I book a yacht charter with CKIM Group?

Contact CKIM Group Charter Brokers to discuss your preferences, receive personalized recommendations, and book your dream yacht charter.

How can I customize my yacht charter experience?

You can personalize your experience with options like gourmet dining, water sports, and special event arrangements.

How Far in Advance Should I Book my Yacht Charter Vacation

Depending on the time of the year you wish to vacation it is important to book at least six to nine months in advance.

What Unique Experiences Can a Yacht Charter Offer?

From scuba diving in the Virgin Islands to wine tasting along the Amalfi Coast, luxury yacht charters offer a blend of opulence, adventure, and seclusion for an exceptional honeymoon experience.

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Contact us to start a conversation about your dream vacation, and let us show you how we can help bring your vision to life through our exceptional yacht charter services.

• artiziayachts
• Apr 13, 2022

How Much is a Yacht Charter? 3 Main Costs Explained

Updated: Jul 14, 2022

Chartering a yacht can bring a lot of enjoyment and is one of the best ways to enjoy being out on the water for a variety of events and celebrating special occasions . Coordinating your charter and estimating the true cost of your excursion can be a challenging exercise. There are a variety of ways brokers and charters structure their fees and additional costs that we will break down while noting things that you should consider. We will also describe how rates can vary if you are looking to charter a yacht for a few hours, on a per-day basis, a long weekend, or more than a week.

As a general rule, the longer you commit to being on the yacht, think a week or more, then the more your rate for the yacht will decrease, but note that this is just for the boat . The primary factor driving the discounts is that the owner is securing more usage of the vessel and will happily discount the rate, but other costs will still increase for you. This brings us to the first major additional fee impacting the final cost of a yacht charter; the cost of operating.

1. Advanced Provisioning Allowance (APA)

Get ready to put down your credit card because selecting a yacht for your needs is just half of the journey and cost as you see in the below breakdown. Charters often change you all or a portion of the costs they intend to incur for operating the yacht. Not only are you charged for each item, but you pay upfront in the form of APA. This payment advancement is established to hold funds that will cover operating costs and the APA typically starts at around 30% to 40% of the cost to reserve the boat. The APA covers just about anything that goes into operating the yacht during your charter. It's important to note that the 30%-40% hold may cover all costs, but if you go over expect additional charges or if under the APA hold, a return of unused funds.

Below are the main items that typically fall under APA and an estimated cost per day for a 70-foot yacht accompanying 12 guests.

Fuel - $150 to $400 per day

This will vary depending on your itinerary, engines and fuel type, running efficiency, as well as the actual cost of fuel. Expect fuel prices at the dock to be 10% to 35% higher than at a traditional gas station. Diesel fuel, most common on larger boats, tends to be marked up less than gasoline. For a standard day charter, the boat typically will be out cruising for around two to three hours each day if staying local.

Food and Drinks - $50 to $150 per day per guest

Your food and drink budget can add up quickly depending on your tastes, how many meals you are eating on board, and of course the number of guests. If you are eating three meals plus snacks on board then the cost will increase vs two meals and snacks. Prefer steak, lobster, and fine wine to sandwiches, pizza, and beer, then expect the price to increase even more. One other thing to note is that if your requests require specialty shopping then there may be a fee added to the total food and beverage costs.

Chef - $250 to $750 per day

Some chefs will include their fee into a cost per person, which also includes the cost of the food. However, there are some chefs who will come on board to prepare the meals you've chosen and then charge a flat fee per day or meal for their time. Some celebrity chefs, think Top Chef contestants, will demand a higher fee, but we've estimated this cost without the celebrity factor.

Entertainment and Amenities - $200+ per day

Depending on the size of the yacht, it may include a tender, jet ski, water pads, slide, stand-up paddle boards, SEABOBS, flyboards, snorkel gear, kayaks, and inflatable islands, or more with their standard boat fee. With all of the options available, it's unlikely that most yachts will be able to have all of these items available for your charter. This is why most charters offer add-on options which are then charged as an additional cost and deducted from the APA. Entertainment such as live music, DJs, wine tastings, seaplane tour, photographers/videographers, and more is most likely another add-on, and the cost is a pass-through deducted from the APA. Internet and other utilities may be charged back to you as well.

Harbor and Docking Fees - $100 to $225 per day

Planning on visiting a different marina or making a few stops throughout your charter? Prepare to pay any harbor fees and/or docking fees. Some harbors, not as common in the U.S. for recreational charters, charge visiting vessels a harbor fee which is used to maintain the harbor. If the yacht you are on spends any time at the dock of a marina there is oftentimes a fee based on the yacht length and time spent at the dock. Reservations may be required but some marinas are making it easier to book and manage through services like Snag-A-Slip . Note that this should only apply if you are booking multi-day charters.

Delivery and Pickup Fees

If you want to be picked up or dropped off at a location outside of your charter's marina, there oftentimes is a cost associated that covers the yacht's time, crew, and fuel. This can vary based on a variety of factors, but if you want to be dropped off at a different location to end your charter and the return trip back is two hours, expect to pay $1,000 to $2,000 for the empty leg trip the charter makes back to its homeport.

Tip - $1,000 to $1,750 per day

Most charters strongly encourage tips for the captain and crew who are taking care of things before, during, and after your charter. How much you tip the crew of a yacht is dependent on the level of service and your satisfaction. It's completely discretionary, but usually expected and ends up being 15% to 20% of the charter cost. This can be deducted from your APA if there are funds remaining or added on at the end of your trip.

Captain and Crew*

The asterisk* is here because most characters include the basic crew required to operate the yacht in their base boat charge, typically a captain and one deckhand. See point number three below for potential additional costs .

2. Charter Duration

There are many charter operations that only offer half-day or full-day charters. This is due to some complexities that arise once you mix in overnight charters. Overnights require a 24-hour crew, hotel-like amenities, and a few other logistical items. As a general rule, if you book a longer charter, then the less expensive it is on a daily basis. Charters may offer multi-day discounts because of the reduced prep work, cleaning, onboarding, offboarding, and the most important factor is that the yacht is actually working and making money compared to sitting empty at the dock. Some charters will offer between a 15% and 40% discount on the yacht/boat fee for longer bookings. This is because, as mentioned above, most of the operational costs are still passed through to you in the APA, so adding days to a charter doesn't increase the operational costs because that cost is passed on to you!

3. Number of Guests - $200 to $400 per day per crew

Most charters have a cap of 12 guests due to various regulations of the charter business. When charters quote you the yacht/boat fee, it typically comes with a captain and one crew member. If you are hosting up to 12 guests, then it will indicate to the charter if additional crew members are needed. For instance, if you add on specific water activities, it may require a dedicated crew member just to manage the usage of those add-ons. If there is a high demand for food and beverage, that may also warrant another dedicated crew member for prep, serving, and cleanup. If there are a total of 12 guests, the odds are that the yacht charter may require a minimum of three total crew members, not including the captain. The additional two crew members are not free and their costs will be added to your bill. Yacht charter crews are paid anywhere from $200 to $400 per day plus tips at the conclusion of the charter.

As an example, let's say you are trying to figure out how much it costs to charter a yacht for three days on a 70-foot yacht for 12 people. There are some other factors to consider such as the specific type of yacht, age of the yacht, location, and time of year, so use this as a rough guideline.

The daily breakdown for traditional charters is approximately $10,700 per day. Artizia Yachts is a unique and exclusive membership program growing across the U.S. and eventually overseas. There are three different membership options that can cut the cost of charters in half while still providing a private and luxurious all-inclusive experience. Membership spots are limited for each yacht in order to allow easy booking and availability to members.

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FROM AFFORDABLE TO HIGH END

A guide to crewed yacht charter costs.

Helpful tips to align your budget with the ideal Carefree Yacht Charter experience.

WHAT TO CONSIDER

Charter cost questions & answers.

Helpful tips to align your budget with the ideal Carefree Yacht Charter experience. Gain an understanding of typical all-inclusive price ranges in the BVI, Caribbean and Bahamas and what can influence how much your crewed charter will cost.

How Much Does A Crewed Yacht Charter Cost?

The majority of the BVI and Caribbean crewed yacht charters are all inclusive, starting around $20,000 per week and going up to around $100,000 per week, plus tip. The other category of higher-end motor yacht charters are plus expenses. These “plus expenses” charters start around $70,000, with all expenses on top.

What's Included On The “All-Inclusive” Charters

The majority of BVI and Caribbean crewed yacht charters are "all inclusive". They include 8 days/7 nights aboard a private yacht with at least a Captain & Chef, 3 meals per day, soft beverages & standard bar, fuel for the yacht & dinghy, all expenses related to running of the vessel and use of water sports equipment.

What's Excluded On The “All-Inclusive” Charters?

The main cost excluded from the Charter Fee is the customary crew gratuity. The standard amount is 15 to 20% on top of the Charter Fee, paid at the end of the charter. The gratuity is based on services provided throughout the charter, can be scaled up or down based on service, and is at the client's discretion.

How Much Should I Tip My Crew?

A 20% crew gratuity is common on a BVI, Caribbean or Bahamas charter. Tipping on these crewed charters is similar to tipping in US based restaurants. A 15% gratuity is a standard base amount for good service while a 20% gratuity or even higher is a consideration for excellent to extraordinary service, split equally among crew.

AFFORDABLE TO HIGH-END RANGES

All inclusive charter costs.

• high-End Yachts
• Mid- Range Yachts
• Affordable Yachts

Other Frequently Asked Questions

Explore other Frequently Asked Questions about crewed yacht charter costs to find helpful insights and answers, ensuring a smooth and informed planning process for your ultimate yachting experience.

Are There Other Hidden Fees or Expenses I Should Be Aware Of?

Unless otherwise specified in your contract, the Charter Fee does not include scuba diving or equipment, premium beverages or fine wines, excessive alcohol consumption, off yacht excursions, dockage at guests request, phone expense, airport or inter island transfers, or similar expenses.

What’s Included On “Plus Expenses” Charters?

These “plus expenses” crewed yacht charters include the yacht and crew only, with all other expenses during the charter coming at an additional cost to the Charterer. These other expenses are paid via an upfront APA (advance provisioning allowance) and typically at 35% on top of the base Charter Fee.

What’s Excluded on “Plus Expenses” Charters?

These “plus expenses” charters exclude everything but the yacht and crew, such as fuel for the yacht and tender, all food requests, all beverage and bar requests, guest dockage requests during the charter, etc. Another key exclusion is the customary crew gratuity, with standard at 15 to 20% on top of the Charter Fee.

What Is The Cancellation Policy?

Charter deposits are considered non-refundable, except where specifically provided for within your charter contract. In the event of a cancellation on the part of the Charterer, and should the yacht rebook for all or a portion of the charter dates, deposits paid or a prorated portion thereof is available, less a 20% cancellation fee.

Should I Get Trip Insurance?

Trip Insurance is suggested year round and particularly if chartering during hurricane season in order to protect your charter investment. The choice of whether or not to secure trip insurance and the insurance source you choose is always at your discretion, but some industry recommended sources will be made available for consideration.

Do The Yachts Charge A Premium For Christmas And New Year's Charters?

Yes. Christmas and New Year’s charters have premium rates due to the popularity of these weeks. These premiums are typically at least 10% on top and can go up quickly based on yacht & crew popularity, etc. New Year’s charters are often more expensive than Christmas charters.

Will The Charter Fee Get Pro-Rated for Charters Less Than 1 Week?

Most yachts offer 6 night charters at a prorated rate. To determine 6 night rates, the industry divides the weekly rate by 7 and multiplies by 6. To determine 5 night rates, the industry divides the weekly rate by 6 and multiplies by 5. Due to this calculation, the difference between 5 and 6 nights is minimal.

Is It Possible To Charter For Less?

The cost table provided represents typical charter rate ranges, but there are occasionally available yachts which may charter for less. Some yachts may be offering published specials or you can consider a 6 night charter at a prorated rate.

Will The Crewed Yachts Negotiate On Price?

No. The owners and management companies set the rates for the crewed yachts within the fleet. All yachts therefore have "published rates" that do not vary based on how the charter is booked or who books it. The yachts are priced according to the size and age of the yacht along with the popularity of the crew, etc.

Will The Yachts Provide A Discount If You Have Meals Ashore?

Some yachts offer a half-board charter or a local-fare charter, both providing a small discount for at least 3 to 6 meals taken ashore. The discount provided is often not enough to pay for the meals taken ashore and this type of charter is therefore suited for those who simply enjoy dining ashore.

What Is A Half-Board Charter?

Some of the yachts in the fleet offer a published half-board charter rate. Usually this means that a combination of lunches and dinners are taken ashore at the clients expense, typically one meal per day with a corresponding small discount in the rate.

What Is A Local Fare Charter?

Some of the yachts in the fleet offer a published local-fare charter. Usually this means that a combination of lunches and dinners are taken ashore at the clients expense, typically 3 meals during the charter with a corresponding small discount in rate.

Do The Yachts Offer Lower Prices For The Summer/Low Season?

For a majority of crewed yachts in the fleet, the summer season or what used to be the “low season” runs from May 1 through December 14 and winter season or what used to be the “high season” runs from December 15 through April 30. Most crewed yachts now operate on a year round rate.

Do Costs Vary By Yacht Style?

Yes. Sailing catamarans are the only yacht style available within the affordable $20,000 to $35,000 range. In the mid-range of $35,000 to $50,000, you’ll find a wide assortment of sailing catamarans and a handful of power catamarans. High-end yachts that start at $50,000 include sailing and power catamarans plus all motor yachts options.

Do Prices Vary By Destination?

Yes.The BVI offers the most affordable pricing as this destination offers the most all-inclusive yachts within the $35,000 mark. Charters in St. Maarten/St. Barts or the Grenadines are typically plus cruising taxes/permits. Charters in the Bahamas tend to be most expensive due to a 4% Government tax plus 10% Vat tax on top.

Do You Offer Bareboat Charters Or Charters With Just A Captain aboard?

No. We only offer charters with at least a Professional Captain and Chef aboard. While some of the crewed yachts may note a “Captain-Only” rate within their rate details on their yacht e-brochure, please note that Carefree Yacht Charters does not book these types of charters for our clients.

Ready to Join Us on This Unforgettable Adventure?

Start a journey where every destination reveals a new horizon of beauty and excitement, crafted specifically for your ultimate yachting experience.

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The British Virgin Islands

US Virgin Islands

St. Maarten | St. Barts

The Grenadines

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Motor Yachts

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