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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 Go on a Superyacht?

Posted June 27, 2022 in Charter by Janine St.Denis

Yacht charters have become popular in recent years because they offer all the same amenities of renting a gorgeous luxury villa without the crowds and impersonal vibe of cruise travel. You have ownership of the yacht for the duration of your trip, which adds a layer of freedom that appeals to adventure seekers around the world. A yacht charter is the ultimate luxury experience. 

Depending on the size, amenities, and condition of the yacht, superyachts can cost anywhere from $4,000 /week to over $2 million /week plus expenses.

In this article, we’ll detail the differences between a yacht and a superyacht and explore how much it is to go on a superyacht . 

What’s the Difference Between Yachts and Superyachts?

Yachts come in several classifications, which means you have a variety to choose from.

What Is a Yacht?

A yacht is a recreational sea vessel used for entertainment, like cruising, water sports, or fishing . At a minimum, a yacht includes sleeping quarters, a kitchen, and a bathroom. There is no set standard definition, but the term applies to a ship with amenities that can accommodate overnight use.

What Is a Superyacht?

Superyachts are the gold standard in luxury yachting. They can accommodate six passengers at a minimum, but often host more than 10 passengers and a robust crew. Many superyachts have a variety of deluxe amenities like: 

• Swimming pools
• Tennis courts
• Outdoor cinemas
• Helicopter pads 

What Is Included in the Price of a Superyacht Charter ?

Superyacht charter prices are typically quoted at weekly rates. This will account for about 60–70% of the total cost. For a superyacht, expect to pay $100,000 or more per week. 

Charter prices include: 

• Yacht rental
• All equipment and amenities 
• Crew salary
• Additional services

The more extravagant your vessel, the more you can expect to pay. 

What Is Not Included in the Price of a Yacht Charter?

Yacht charters are generally “all-inclusive,” but this doesn’t include things like tips and taxes. Here is a list of a few things that are not included when you rent a superyacht: 

• Advance Provisioning Allowance (APA). APA covers provisions while onboard, including any specific requests you may have and several variable costs (including port fees, excursions, etc.). It’s a standard system managed by your captain. The crew uses this allowance to purchase products of your choosing and for taxis, communication fees, port fees, and other expenses that are difficult to budget for ahead of time.
• Taxes and VAT rates. Taxes are not included in superyacht charter prices. You will also be subject to VAT rates when chartering a yacht in Europe. 
• Crew gratuity. Your superyacht will come with an expansive and experienced crew. You’ll want to factor their gratuity into your overall costs. They’re at your service nearly 24/7, so it’s customary to leave them a tip at the end of your charter.

Yacht Charter Costs To Consider

Here are a few other factors that may influence how much your yacht charter is :

• The size of the yacht. You’ll pay a weekly rate of $100,000 or more for a superyacht charter rental. If you want something smaller, the price varies between $20,000 and $80,000. For a megayacht rental (much bigger than a superyacht), you can expect to pay upwards of a million dollars. The larger the yacht, the higher the cost.
• Seasonal influences. Depending on the destination, certain times of year are more expensive than others. For example, the Caribbean costs more during the winter, whereas in the Mediterranean, the summer months are pricier. 
• Exotic destinations. Exotic destinations cost more. The Galápagos Archipelago is a great example. Since yacht fleets are limited there, prices are higher. The Mediterranean is easier to access and thus less expensive.

Book Your Superyacht Charter with Northrop & Johnson Today

There’s nothing quite like sitting on the deck of a superyacht with a glass of bubbly and the sun and sea spray on your skin. It’s an experience you’ll cherish for a lifetime. 

Northrop & Johnson is committed to making your dream superyacht vacation come to life. Our staff will tailor every aspect of your trip to your specific needs and desires. You choose the destination and the menu, and we’ll handle the rest. With Northrop & Johnson, you can handpick your lifeguard, massage therapist, bartender, and more, and we’ll accommodate any cleaning or hygiene requests you may have. 

Contact Northrop & Johnson today to book your superyacht charter vacation . Our experienced team will walk you through the booking process and help you design a personalized yachting experience you’ll love. 

Looking for more than a luxurious vacation? Check out superyachts for sale and say hello to a new, adventurous life!

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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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How much does it cost to charter a yacht?

A comprehensive breakdown of yacht charter costs and fees

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By Editorial Team   15 January 2024

Navigating the world of crewed yacht charters for the first time can be daunting, with numerous factors to consider. To clarify and assist, we have compiled a thorough guide on yacht charter costs, complete with a handy checklist so you can estimate the total cost for your vacation before you start searching for your ideal yacht.

Cost breakdown.

Charter fee of xxx

+ xxx % APA ( xxx )

+ xxx % Tax/VAT ( xxx )

Total = $ xxx

In this article:

• Base charter fee

Why do charter fees differ between yachts?

• Charter contracts

Advanced Provisioning Allowance (APA)

• Crew gratuities

Fuel and dockage fees

Insurance: what does it cover, payment structure.

Planning a yacht charter is thrilling yet challenging, particularly when it comes to budgeting. The starting point is the yacht's base price, the weekly rental fee. But what about additional costs such as meals, beverages, local taxes, or fuel? How do these affect the overall cost? The encouraging part is that understanding yacht charter fees is straightforward. With guidance from our seasoned professionals, you can gain a clearer idea of the expenditure for your dream vacation. Yacht charter costs vary based on several elements: the yacht type, destination, local taxes, dates and the age of the yacht. Yacht charter prices span a broad spectrum. For instance, smaller sailing yachts and catamarans may start at around $10,000 per week, whereas more luxurious motor superyachts can exceed $100,000 per week. Wondering about other expenses? Our Charter Advice Guide, a key part of our planning resources, delves deep into the specifics of yacht charter costs.

After you have chosen your desired yacht, your yacht broker will prepare a legally binding contract; usually a standard agreement with conditions set by the terms applicable to the destination. Before you sign on the dotted line, it is important that you understand what it is that you are paying for and when it is due.

Base charter fee: All-Inclusive vs Plus Expenses

When it comes to crewed luxury yacht charters, you can choose from two types of vacations- "All-Inclusive" or  "Plus Expenses" charter experiences. But what do these classifications entail? Let's briefly compare:

• All-Inclusive Yacht Charters Certain charters, particularly small catamaran and monohull sailboat charters in the Virgin Islands, wooden Gulets in Turkey or Phinisis in Indonesia, offer different all-inclusive pricing packages. This means that the rates depend on the number of guests and cover some or all meals and beverages, water sports, and fuel expenses. However, dockage fees and taxes are typically billed as additional costs.
• Plus Expenses Charters The rates for larger sailing or motor yachts are exclusive of operational costs, which are to be paid additionally. With these high-end charters, the base rate covers only the yacht rental. Extra charges, such as for food, beverages, fuel, dockage, port taxes, and other expenses, are billed separately. These running costs are usually covered by an Advance Provisioning Allowance (APA) payment, generally set at 20-35% of the base charter rate depending on the size and location of the yacht. This amount is paid before the start of the charter.

The table below gives a quick comparision of what is generally included in the price for both charter types.

Plus Expenses Charter Costs

In essence the base charter fee refers to the hire cost of the yacht itself, and implies that the yacht will be provided to you in full commission, with all equipment in working order and the yacht properly insured for marine risks.

In addition, the cost of the crew’s food, wages and clothing will be met by the owner for the entirety of the charter. 

Charter rates are typically quoted per week (7 days), which in superyacht terms is generally accepted as the minimum period for yacht charters – although this is by no means set in stone.

The APA in Plus Expenses charters is typically about 25-40% of the yacht's base weekly charter rate (based on the size of yacht, location and yacht's fuel efficiency). This fee is collected before the start of the charter and acts like an expense fund that the captain can utilize during the trip to cover costs such as fuel, food and beverages, dockage fees and ad hoc incidental expenses.  At the end of the charter the captain will prepare a detailed statement of the APA expenditures, along with any unspent APA funds returned in cash.

Should expenses exceed the initial APA, you might need to top up the fund during the charter. This replenishment can be done in cash, but many opt to establish accounts with their charter brokers. These accounts can then be accessed upon the captain's request for additional funds.

Taxes & Value Added Tax (VAT)

For most yachts, regardless of being All-Inclusive or Plus Expenses , local taxes or Value Added Tax are NOT incorporated into their charter rate. It falls upon the charterer to pay these tax expenses before the charter commences. Tax rates can vary greatly depending on the destination; here's an brief overview of tax rates in some of the most sought-after yachting locations:

In the European Union (EU) recent harmonising changes to tax laws have affected VAT rates across most of the Mediterranean region. EU tax laws state that VAT will apply to vessels embarking or disembarking within their waters, although rates for VAT vary depending on the European destination. In France the current rate is 20% and in Italy it is 22%, whilst Turkey and Montenegro both charge 0% for EU-flagged yachts cruising their waters.

VAT also applies to yacht charters cruising The Bahamas , plus may also apply in some Caribbean islands.

Please consult your yacht charter broker  for further personalized advice if considering chartering in any of these areas.

Charter Free: £100,000 p/w +30% APA + 14% TAX/VAT

Crew Gratuities

Although tipping is optional, it's customary to leave a gratuity for the crew. The typical range for tips is between 10-20%, and it should reflect the quality of service you and your guests experienced during your yacht charter.

It's best practice to hand over crew gratuities to the captain for distribution, ensuring that every crew member is fairly recognized. This approach is important because there are often less visible crew members, like the engineer and sous chef, working diligently behind the scenes to guarantee the success of your charter. It would be unfair for their contributions to go unrecognized.

Cancellation Insurance

Charterers have the option to buy cancellation and curtailment insurance, akin to travel insurance. This insurance can provide coverage for costs in case the charter needs to be canceled or shortened. Charter brokers are equipped to assist in evaluating different insurance choices and typically offer a variety of options.

Delivery Fees

These fees are not typical for most charters, but if your charter takes place outside the yacht's regular cruising territory or a significant distance from its homeport, you might need to pay delivery fees. Usually, this will just involve covering the fuel costs for the journey.

The charter fee varies from one yacht to another for a number of reasons, such as its size, age, onboard amenities and time of year the yacht is chartered. We've listed below some of the most common factors that affect the base rate of a rental yacht.

Charter seasons

A yacht charter season can refer to the weather patterns of a particular destination or the peak times when demand for charter yachts is at its highest. Yacht charter seasons, therefore, are broken down into two distinct categories: Summer/Winter, and High/Low season. 

In terms of the yacht's base charter fee, high season rates will apply to the most popular periods for yacht charters – such as July and August in the Mediterranean or Christmas and New Year in the Caribbean . Low season rates will generally apply to all other periods.

Event pricing

Major events such as the Monaco Grand Prix and Cannes Film Festival are generally categorised as high season events , regardless of where they fall in the season, with yacht prices generally higher around these dates due to popular demand.

Unless you are keen to charter a yacht for a particular high season event, it is worth considering your dates carefully.

Shoulder seasons

The months straddling the high and low seasons are known as shoulder months, for example April and September for yacht charters around the Mediterranean, and can share much of the same weather and beautiful cruising conditions as the peak season whilst charter rates tend to be lower, making these months a great time for chartering a yacht.

• Onboard amenities

Aside from seasons and events, yachts of the same size can often differ in price based on their onboard amenities. A yacht which boasts a cinema or lavish water toys may have a higher base rate compared with a yacht with minimal amenities of the same size.

If the pricing is unclear, be sure to ask your yacht broker to explain any disparities. 

Once you are clear on the base charter fee of your chosen yacht, it is important to learn about the additional costs that will be applied on top, depending on the type of charter contract used.

MYBA Charter Agreement

The most widely used contract for yacht charters is a MYBA agreement (Worldwide Yachting Association, formerly known as Mediterranean Yacht Brokers Association), which operates under Western Mediterranean Terms (WMT) . 

This contract, often referred to as a "plus all expenses" contract, requires that you pay for items, such as fuel, delivery fees, food and drink, local taxes and dockage fees, as an additional expense applied over the base charter fee.

Typically, a charter party (this is the collective term for the total number of guests on a charter) will accumulate additional costs of between 25% to 30% of the base charter fee, depending 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.

Other charter contracts

Caribbean Terms Inclusive (CTI) – sometimes referred to as Standard Caribbean Terms (SCT) – is another contract regularly used by the yachting industry, the terms of which are generally employed by smaller yacht charters in the Caribbean. 

Otherwise known as a "mostly all-inclusive" agreement, CTI differs from Western Mediterranean Terms as it includes three meals, plus up to four hours cruising, per day.

In addition to the commonly used MYBA terms and Caribbean Terms Inclusive, there are also less frequently used terms such as Standard Eastern Mediterranean Terms (SEMT) and Greek Terms (GT). 

SEMT operates much in the same way as CTI, except it includes only two meals per day for guests instead of three, as it is assumed guests will dine ashore in the evenings. Greek Terms are similar to the MYBA terms apart from harbour and berthing fees, which are included under GT terms so long as they are within Greek waters.

If you are unsure what is included under the terms of your contract, be sure to ask your yacht charter broker .

For more in-depth information, please see our guide on yacht charter contracts below.

Typically, the APA accrues to approximately 25% to 30% of the base charter fee, though this does of course depend on your charter party’s 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 a sailing yacht charter that is anchored at sea for most nights can expect to save on fuel costs and hefty marina fees. 

You can request an APA estimate from your yacht broker based on your charter party's onboard expectations.

What happens next?

The APA is payable one month prior to boarding the charter yacht (see 'Payment Structure' below), and is generally paid direct to the Captain.

Once the APA has been paid it will then be retained as a bank account of sorts, from which the Chef can provision the yacht ready for your charter and the Captain can make expenditures while keeping a strict record of what has been spent. It is important to note that all additional costs incurred throughout the charter are charged at cost with no mark-up.

At any point during the vacation you can request an up-to-date summary of the accounts as a way of keeping track of expenditures.

When you think of fuel costs, you may think of what is consumed by the yacht over the course of your charter.

However, there are further fuel costs to take into account that you may not have considered. These include;

• Personal watercraft toys, such as jet skis
• Tender boats used for transporting guests to and from the yacht, or for water sports activities
• A yacht's generators whilst at anchor (shore-side electricty is used when docked at a marina)

Furthermore, the distance travelled and the speed at which the yacht cruises also affects the overall fuel costs, so it is important to bear these factors in mind when settling on your itinerary. 

Dockage fees

These may vary widely depending on the destination and time of year from minimal to extravagant (think Port Hercule in Monaco during the Grand Prix).

If you are interested in booking any nights in marinas during your yacht charter, you should liaise with your broker who can advise on the various options available, including prices, around your chosen location and dates.

In general, the base charter fee of a yacht will include insurance for marine risk and third party liability insurance, which covers accidental damage and personal injury. It will also cover use of the yacht's watertoys and equipment.

Additional insurance

Although insurance is not generally connected to charter costs, it is useful to consider should you wish to take out additional insurance such as Cancellation and Curtailment cover which is calculated at 2.5% of the charter fee for the unforeseen cancellation of a charter, and can prove a worthwhile investment as well as providing peace of mind.

You should check with your broker about the level of insurance built into your charter contract before signing. 

Other taxes 

Local taxes may also apply in certain countries, therefore it is important to speak with your yacht charter broker to clarify what additional taxes are applicable to your chosen destination and itinerary.

Whilst the payment structure can vary depending on the contract, in general charter payments are made as follows;

• 50% of the charter fee is payable upon signing the charter agreement, which confirms the booking.
• The remaining 50% of the charter fee, APA (usually between 25-30% of the base charter fee), delivery and/or re-delivery fees, applicable taxes, plus any additional agreed amounts are payable one month prior to commencement of the yacht charter.
• Any balance of monies due are to be paid on the first working day prior to completion of the yacht charter.

For further clarification of the payment structure for your yacht charter, please speak with your broker.

The base charter fee for a yacht can differ for a number of reasons, including;

• Size and age of the yacht
• High/low seasons, and major events such as the Monaco Grand Prix

There will also be additional amounts to pay on top of the yacht's base charter fee, which can include;

• Advanced Provisioning Allowance (roughly 25-30% of the yacht's base fee and includes all charter expenditure such as food, fuel and marina fees)
• Additional insurance, such as Cancellation and Curtailment Insurance
• VAT and other taxes

It is important for you to understand the entire payment structure to ensure no unpleasant surprises arise whilst enjoying your vacation.

If you wish to know more about costs relating to your yacht charter, please speak with your preferred yacht broker for more information.

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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 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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How Much To Charter a Superyacht? (Less Than You Think)

Spending a week on a luxurious superyacht can be expensive, but there are ways to make it a dream come true without breaking the bank. In fact, you might be surprised to know that the cost of chartering one may be less than you think. In this article, we have researched the average charter rates of superyachts, from the cheapest to the most expensive.

Chartering a superyacht can cost anywhere from $40,000 to over $2 million per week, plus expenses. Smaller superyachts measuring under 30 meters have a weekly charter rate of around $43,000, while megayachts measuring 80 meters and over have an average rate of $1.8 million a week.

When choosing a superyacht for your charter, there are a variety of options you can choose from—may it be small yachts to megayachts, classic or modern yachts, or whether it is sailing or motor-operated, there's a specific type for your needs and preferences. Let's learn below how the type of yacht affects the overall chartering costs.

• The cheapest superyacht you can charter is a small sailing superyacht with an average cost of $43,000 per week. The most expensive is a megayacht, on which a week's trip can cost millions of dollars.
• If you are looking for a vintage-style kind of superyacht, you can choose a classic superyacht, mostly made up of wood. But if you're leaning towards technology, modern superyachts will be more enjoyable for you.
• Chartering a superyacht in the Caribbean is less costly compared to chartering a superyacht in the Mediterranean.

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Chartering a superyacht can cost between $40,000 and $2 million per week, the type of superyachts can affect charter costs, your chosen destination can influence chartering costs.

Chartering a superyacht can actually be more affordable than you think. When it comes to the cost breakdown, there are a few key factors to consider.

The charter fee depends on the size of the yacht

The charter fee is the base cost for renting the yacht and typically includes the use of the yacht, crew salaries, and insurance. The cost of the charter fee can vary greatly depending on the size and type of yacht, as well as the location and time of year.

Smaller superyachts measuring under 30 meters will have a weekly charter rate somewhere around €40,000 (around $43,000), while yachts between 30 and 40 meters will weigh in at an average of €70,895 (around $77,000) per week. On the other hand, mega yachts measuring 80 meters and over have an average rate of €1.7 million (or around $1.8 million) a week.

The Advance Provisioning Allowance (APA) is typically 30% of the charter fee

The Advance Provisioning Allowance (APA) is an additional fee that covers expenses such as food, drinks, fuel, and dockage costs during the charter. The APA is usually calculated as a percentage of the charter fee, typically around 30% . The APA is paid before the charter begins, and any unused funds will be returned to you at the end of the charter.

Fuel and dockage costs depend on a variety of factors

Fuel and dockage costs are typically included in the APA, but you may need to be aware of these costs as they can add up quickly. Fuel costs will depend on the distance traveled and the speed of the yacht, while dockage costs will depend on the location and the size of the yacht. You might need to discuss these costs with your yacht charter broker before booking the charter.

Crew gratuity ranges around 0–20% of the charter fee

Crew gratuity is a customary payment for the crew and is typically around 10–20% of the charter fee. This is not a mandatory fee, but it is expected and greatly appreciated by the crew. The gratuity can be paid in cash or added to the APA.

Below is a table comparing the different types of superyachts you can charter and their weekly costs, based on their size, style, and propulsion.

The size of the superyacht matters

Superyachts come in a range of sizes, from small sailing yachts to massive megayachts. The size of the yacht you choose will depend on a variety of factors, including the number of guests you plan to bring, the destinations you want to visit, and your budget.

Smaller yachts, such as sailing yachts and motor yachts, are typically more affordable and can accommodate up to 12 guests. Larger yachts, such as megayachts and explorer yachts, can accommodate up to 36 guests and offer more amenities and space.

Consider the style of the superyacht

Classic yachts are typically made of wood and have a timeless, elegant design. They offer a sense of nostalgia and tradition and are often favored by those who appreciate the craftsmanship and history of sailing.

Modern yachts, on the other hand, are sleek and contemporary, with cutting-edge technology and amenities. They offer a more futuristic and luxurious experience and are often favored by those who want the latest and greatest in yacht design.

Comparison between sailing and motor yachts

The propulsion of the yacht is another important factor to consider. Sailing yachts offer a more authentic and eco-friendly experience, with the wind as the primary source of power. They are also quieter and more peaceful, allowing you to enjoy the sound of the waves and the beauty of the sea.

Motor yachts, on the other hand, offer more speed and power, allowing you to cover more ground and visit more destinations in a shorter amount of time. They also offer more amenities, such as hot tubs, gyms, and helipads, making them ideal for those who want a more luxurious and indulgent experience.

Chartering a yacht in the Caribbean vs. the Mediterranean

The Mediterranean and the Caribbean are two of the most popular destinations for superyacht charters. The Mediterranean is known for its stunning coastline, historic cities, and glamorous ports of call. The Caribbean, on the other hand, is famous for its crystal-clear waters, white-sand beaches, and laid-back island lifestyle.

If you're looking for a yachting destination with a rich history and culture, the Mediterranean is the place to be. You can explore ancient ruins, dine on Michelin-starred cuisine, and experience some of the world's most famous events, such as the Monaco Grand Prix and the Cannes Film Festival . Charter prices for luxury superyachts in the Meds can range from €30,000 to over €1 million per week.

If, on the other hand, you're looking for a more relaxed charter destination where you can soak up the sun and enjoy water sports, the Caribbean is the perfect choice. You can swim with dolphins in the Bahamas, snorkel in the Virgin Islands, and enjoy a beach barbecue on a secluded island. Chartering a superyacht in the Caribbean can be as pricey as $100,000–$500,000 or more.

Renting a superyacht during seasons with special events

If you're planning your superyacht charter around a special event, such as a music festival or a sporting event, you'll need to consider the location and timing of the event. Some of the most popular events for superyacht charters include the Monaco Grand Prix, the Cannes Film Festival, and the America's Cup.

Keep in mind that these events can be very busy, so you may need to book your charter well in advance to secure a berth in the port of call. You'll also need to consider the additional costs of attending the event, such as tickets, transportation, and accommodations.

Planning to Charter a Superyacht in Different Weather Conditions

When planning your superyacht charter, you may need to consider the weather conditions at your chosen destination. The Mediterranean has a mild climate, with warm summers and mild winters, while the Caribbean has a tropical climate, with hot and humid weather during the dry season, and frequent rains during the wet season.

If you're planning your charter during the summer months , you may need to be prepared for high temperatures and strong sun. Make sure to bring plenty of sunscreen and lightweight clothing to stay cool and comfortable.

In the winter months , you might need to be prepared for cooler temperatures and the possibility of rain. Try to pack warm clothing and rain gear, and be prepared to adjust your itinerary if the weather turns bad.

To give you a grasp of the sailing seasons around the world, here's an article containing a map to guide you through enjoying your superyacht trip wherever you plan to go!

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You may also like, cost to rent a mediterranean superyacht: less than you think.

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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?

Explore available yacht rentals near you

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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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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Want to vacation like a billionaire? Here's how much it costs to charter a superyacht

• Chartering a superyacht is a more cost-effective way to experience the high seas than buying one.
• But it's far from cheap. Renting a yacht for that luxury experience can cost millions a week.
• Here's how much it costs to charter a superyacht and what you have to do to make it happen.

Superyachts are one of the most expensive items money can buy. Costing as much as nine figures to purchase — plus millions a year to maintain — they can also be considered one of the worst investments you can make.

If you're not like Mark Zuckerberg or Jeff Bezos and don't have hundreds of millions to spare, chartering a superyacht — any boat over 30 meters — can be a more economical option. But it is far from cheap. Renting, in layman's terms, a yacht for a week in the summer can cost upward of $1 million.

"Our charter clients are looking for a 6-star experience perfectly tailored to them," Katie Schneidman, a charter broker at brokerage Burgess, told Business Insider over email.

Take the Carinthia VII, a 97-meter yacht for charter from Fraser Yachts that costs more than $1.5 million a week to charter . Even split evenly among 12 guests, the most she can hold, that's about $18,000 per person per day.

You get a lot for your money : A glass-paneled swimming pool, a spa complete with Turkish baths and a beauty salon, plenty of water toys, and a crew of 33 ready to meet any of your needs.

"It's not uncommon to look for a deckhand who can also mix a martini, play an instrument, maybe entertain the guests with singing, and ideally even give a massage," Anders Kurtén, the CEO of Fraser Yachts, told Business Insider during the Palm Beach Yacht Show in March.

But there are a number of costs that aren't accounted for in that price.

Provisioning a charter yacht can run as much as 40% of the charter fee, Schneidman said. Fraser Yachts estimates the total is closer to 30%.

That means food, drink, and fuel for the Carinthia VII could cost as much as $600,000. Just a few years ago, provisioning ran about 20% of a charter's cost, an agent at Palm Beach Yacht Show told BI, but fuel costs have made it more expensive than ever to get caviar to the middle of the Med.

The industry standard for tipping runs another 7% to 20%, Fraser said, which would be between $105,000 and $300,000 for the Carinthia VII. Then there's the VAT, which depending on where you sail, can add another 20%, or $300,000, to the total cost.

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Altogether, a week on the Carinthia VII can total $2.7 million — or just over $32,000 per person per day.

The full fee is due before setting sail, but it can be paid in two or three installments.

Once the charter is booked, the luxury experience begins right away. Clients will set an itinerary with the captain — the Carinthia VII sails in Greece and the Western Mediterranean — and the crew will stock the yacht with your choice of wine and spirits, as well as whatever food you want your on-staff private chef to cook.

But there is one thing which even the most experienced staff can't control.

"It is important to note yacht itineraries are at the mercy of weather," Schneidman said. And yes, you still have to pay — even if you don't leave the port.

But there are upsides, she said. "This can also lead to a happy surprise — a detour to Naples to escape a big swell outside of Positano can lead to finding an incredible Napolean pizza spot that becomes a trip favorite!"

Watch: Why South Sea pearls are so expensive

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How much does it really cost to charter a superyacht?

January 15, 2018 10:48 am

While yachting is most likely the most prestigious way to travel, it isn’t reserved exclusively for billionaires. Owning large superyachts is a privilege reserved for only the very few but there is an opportunity to enjoy a week aboard one of these luxurious vessels. Chartering a yacht is far less expensive than owning one. Especially if your use of the yacht is scarce. So how much does it really cost to charter a superyacht for a week?

As an example, we will detail the expenses of a charter aboard Lady Carmen , a Hatteras 101′. She sleeps 10 guests, as most charter yachts, and features an on-deck full beam master suite with panoramic views. With a great array of toys and tender, a hot tub on the flybridge and an art deco interior she is one of the most popular charter yachts in the Carribean. 

The first expense when chartering a yacht is the charter fee of course. Lady Carmen is asking $53,000 a week for example. That first expense buys the yacht, the crew and the insurances for a week. Then comes the second major expense, the advance provisioning allowance (APA). Then advance is transferred to the yacht’s captain and will be spent on your docking fees, food, fuel used. That expense may vary depending on the yacht but is usually 30% of the charter fee. If it is not spent entirely by the captain because the guests simply do not engage in many expenses, it is restituted at the end of the charter. 

One of the last expense is the crew gratuity. Representing between 10% to 20% of the charter fee, it is a tip for the crew and the captain. On average that gratuity raises at 15% yet remains at the discretion of the charterer. The final expense is your travel to the yacht and plane tickets to the destination. 

If we recap these numbers, the total to charter a yacht as Lady Carmen in the Carribean raises to about $100,000 for a week for up to 10 guests. While owning a yacht such as Lady Carmen costs far more than the charter, there is a certain interest in chartering. If you are not sure you will be able to use the yacht extensively, chartering is probably your opportunity to enjoy the world of yachting. More than that chartering allows you to change destinations at will and explore the most remote area of the globe in the utmost comfort.

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How much does a yacht charter cost? Guide on all those Extras, VAT's, Includes

Thinking about renting a yacht but the idea of all the possible «hidden costs» may scare you off? We’re here to answer all the questions and guide you through the booking process by talking about all the costs to bear in mind so you can have a yacht charter vacation of your dream and know what you’ll pay for and what’s included in the charter.

BONUS : several insights on how to save on renting a yacht and have a dream vacation come true!

How much does it cost to hire a crewed yacht?

Getting ready to book a yacht and plan your ultimate yacht charter experience can be a challenge, especially if it is your first time to have such a holiday. And even for an experienced charterer, it is time and energy-consuming to do research, make all those choices, calculations, organization.

Here at Contact Yachts , we’re happy to take care of all the processes and minimize the time and energy you spend on the activities that a professional yacht charter broker can assist with. Estimating costs is one of them.

After reading our detailed yacht charter cost guide you will know all about yacht hire pricing and have answers to the following questions:

• What is a base charter price?
• How is it formed and what does it depend on?
• What are the extras when it comes to chartering a yacht?
• What is included in the charter rate?
• What is an all-inclusive yacht charter?
• What bookings terms apply for renting a gulet?

What is a yacht charter fee and what does it depend on?

The average cost to rent a yacht may range anywhere from 5,000 Euro per week for a gulet , a sailing yacht, or a catamaran and up to 4,000,000 Euro per week for the mega yachts that are completed with elevators, pools, beach clubs, spa saloons, cinemas, helipads and even submarines.

Yacht charter prices are quoted by the week. And the cost doesn’t change whether there will be only you on a yacht or the full capacity of the yacht (6, 8, 12 guests). The exception can be observed in the Caribbean where some catamarans are priced depending on the number of guests chartering a yacht.

Example: catamaran Zingara in the Caribbean is 42,800 USD per week for 2-6 people onboard, and it is 49,100 USD per week for 10 people onboard.

A yacht charter fee is a rate you pay to hire a yacht with all equipment working in order and the crew service (navigation, cleaning, cooking, serving food and drinks by the crew) during the cruise. The rate is set by the yacht’s owner.

It also depends on various factors, such as:

• Type and size of a yacht
• Age of a charter yacht
• Destination where you want to charter a yacht
• Season when you plan to hire a boat

A charter fee may include some services, food, drinks, taxes or may include only the hire of a yacht with a crew, and that’s it.

The most significant factors that affect a yacht charter fee

• Season factor

It costs less to charter a yacht in the low season months, whereas a yacht charter in high season (the most popular months to have a yacht vacation) will be much more expensive. For example, a high season period in the Caribbean is the holiday season including Christmas and the New Year. In Europe, high season months refer to July and August.

• Yacht type factor

The yacht’s type (catamaran, motor yacht, sailing yacht, gulet), her size, manufacturer’s brand, age of a vessel, its reputation, range of water toys available onboard, types of engines, and other yacht type-related factors play an important role and affect the pricing of a yacht charter. It is generally more expensive to hire a motor yacht than a sailing yacht or a gulet as it costs more to build one than the other two types. So the more expensive it is to build a yacht, the higher her charter price will be.

• Destination factor

Prices to hire a yacht may be quite high in the cruising grounds where the fleet is very small, like Galapagos, for examples. In the meantime, in Turkey, where the largest gulet fleet can be discovered, rates to charter a classic wooden yacht are more competitive. Some countries require a local tax (VAT) to be paid on top of the charter rate, some - don’t. For example, in Greece, you will pay 12% VAT and in Montenegro - none, in Turkey the VAT is 18%.

What is included in the base charter fee and what is excluded in the yacht hire rate?

In reality, there’s no universal answer to this question. Additional expenses applicable on top of the charter fee and the «includes» are the subjects to the terms and conditions of the charter contract for a specific boat in the specific yacht destination.

In the yacht charter industry, there are several types of contracts and yacht charter types that you should be aware of, and they will outline for you all the essential information about costs.

Why hire a yacht? Top reasons to choose a sailing vacation over a cruise ship holiday

Crewed yacht charters can be «All-inclusive» and «Plus expenses charters».

An all-inclusive yacht charter can be seen mainly in the Caribbean. The rate for such cruises is based on the number of guests, and it includes food (three meals per day) and drinks (soft drinks, beer, wine) during the charter, usage of water sports and the fuel needed for navigation (approximately 4 hours per day), harbour fees. Some taxes and dockage can be charged extra. The contract for such charter is known as Caribbean Terms Inclusive (CTI). However, this is most common for catamarans chartered in the Caribbean. Motor yachts mostly operate on the terms where every expense is extra. This is explained in the next paragraph.

A plus expense charter is the most common type of yacht cruise. It means that the base charter fee doesn’t include any expense and it is paid additionally by the charterer. Such expenses refer to food, drinks, fuel needed for the navigation, running the generators and water sports equipment, as well as fuel for dinghy or tender, any local taxes, private marina fees, land excursions, transfers, rendezvous diving, etc. Such expenses are paid by APA (Advance Provisioning Allowance). Usually, it is 25-30% of the base charter fee depending of course on the preferences of the charterers. It means if you'd like to dine with caviar every second day and consume exclusive and rare wines, the APA could be a bit higher than it usually is. APA amount is paid before the charter via bank transfer or by cash.

The «plus all expenses» contract is also known as MYBA contract (formerly known as Mediterranean Yacht Brokers Association, and now Worldwide Yachting Association). Contact Yachts is a proud member of this prestigious yachting association. MYBA contract is indeed the most commonly used contract when it comes to yacht charter anywhere in the world.

Motor yacht OTTAWA in Croatia

Gulet MORNING STAR in Croatia

What is APA?

APA is allocated to the yacht ahead of the charter for the purpose of provisioning the yacht with the exact items required for the preparation of your meals and snacks during your charter, as well as fuel for the yacht. Should the 30% APA exceed the amount required to provision the yacht prior to the charter, and procure any additional items during the course of the charter, the excess amount is always refunded to the charterer at the end of their cruise. Of course, the opposite may also apply, where an additional amount of APA is requested so as to cover expenses. You can control charter expenses by simply staying in touch with the captain and your booking agent.

A detailed list of the various costs involved in chartering a yacht that are or not included in the charter rate

• Crew, its service and crew salaries (included in the base charter rate);
• Usage of the available water toys on board (included in the base charter rate);
• Fuel to run water toys such as Jet Ski, and the tender (not included in the base charter rate);
• Diving (in most cases is not included in the rate and must be paid extra during rendezvous diving appointment);
• Food and Drinks (can be included in the charter rate in the Caribbean or for some specific boats according to the owner’s decision, however in most cases not included and must be paid by the charterer. The products are purchased from local supermarkets and shops so you don’t pay any «added costs» and markups for the items baught - only the price that’s mentioned in the store);
• Fuel for the generators producing electricity (not included in the rate except for some gulets in the Eastern Mediterranean);

Dinner with friends onboard a gulet

• Fuel for the navigation of the yacht (not included in the rate except for some gulets in the Eastern Mediterranean and catamarans in the Caribbean. Also keep in mind if travelling at high speed when chartering a motor yacht, the yacht consumes more fuel, so the expenses will rise);
• Wi-Fi onboard (usually it is included in the charter rate, but also can be extra as well. This must be mentioned in the contract);
• Entertainment system onboard such as TV, music system, DVDs, games (included in the charter fee);
• Tips (not included in the hire rate, and is given by the charterer to the crew based on the personal decision of the guests. If so, generally, it is 5-15% from the charter fee);
• Satellite connection (not included in the hire rate);
• Harbour and dockage fees (usually not included in the hire rate);
• Private marina visits (not included in the hire rate);

Keep in mind you are not obliged to visit private marinas, and the usage of the satellite phone is only based on your need. So when you look at the break down of costs mentioned above, you can choose what to experience and what not to in order to minimize the costs. So you see as a charterer you can easily keep a track of the expenses.

• Delivery fee is charged only if a charterer decides to hire a yacht (or depart from her) from the port that’s different from the home base of a yacht;
• Laundry of the yacht’s items (bed linen, towels, sheets, table cloth) is included in the charter fee. Some yachts can do laundry of charterer’s personal items free of charge, however not often and they can’t bear responsibility for washing delicate items due to the absence of special equipment for that;
• Value Added Tax is usually not included in the charter fee and must be paid extra. For some countries it is not applicable so there’s no need for VAT. Some yachts can have VAT included in the charter rate. This depends on many various factors, and our yacht charter specialist will provide you all the accurate information about VAT for each specific boat during the inquiry process;
• Other possible extras are customs clearance fees if you sail to another country (from Turkey to Greece, for example), national park fees, land tours, excursions, guided tours, transfers, air tickets.

Motor yacht ORIENT STAR in Turkey

Gulet pricing terms

Gulets that are popular charter yachts in Turkey , Greece , Italy , Croatia usually have their own specific pricing terms different from the motor yachts, MYBA contracts, Caribbean terms.

Gulets’ usual pricing structure is as follows. The charter fee includes hire of the yacht, crew service, fuel for 4 hours of cruising per day, sometimes VAT, and fuel for the generators, onboard entertainment equipment, yacht’s laundry. Everything else is extra, as well as fuel to run water toys equipment and the dinghy. As for the food, you’re welcome to order anything you’d like before the charter and pay for the purchase of the goods, and the chef will use them to prepare meals, or there can be Full Board and Half Board options. Full board includes breakfast, lunch, dinner, and can be priced 65-85 Euro per person per day. Half board includes breakfast and a lunch or dinner (one of the two meals) and is usually priced at 50-65 Euro per person per day.

Affordable gulets for rent in Turkey for 8-16 guests

Can a yacht charter vacation be cheaper than staying in the hotel?

Sure, it can, unless of course you charter a mega yacht for up to 200,000 Euro per week and higher.

Let’s take a look at the Greek gulet HERA. Her high season rate is 14,000 Euro per week, and she can accommodate 25 guests onboard. If you are planning a corporate gathering or some special yoga charter, etc, and can bring such a group to a yacht, the cost is very low per person. We should also mention that the Half Board is included in the charter rate. So 14,000 Euro / 25 guests = 560 Euro per person per week. And it is only 80 Euro per person per day for accommodation on a yacht and 2 meals per day. Greek VAT of 12% is also included in the charter rate.

How can you get all the information about a specific yacht?

If you like a specific yacht listed on our website or you’re seeking information for the one that’s not here, contact us to get a comprehensive breakdown of her charter rates and fees.

A yacht vacation is more affordable than one may think

Now you know that vacating on a yacht for sure isn’t reserved only for the richest among us - owning a superyacht yes, but not spending a beautiful holiday onboard a charter yacht. And what’s important - you have an answer to a popular question «How much can it cost you to charter a yacht for a week or so?». At Contact Yachts , we hope this detailed guide on costs, includes and excludes is useful for you.

Transparency of the costs is essential

Our aim is for you to feel comfortable when it comes to yacht charter prices. We believe that the booking process and prices for a holiday on a yacht must be as transparent as possible. Knowing break down of the costs in advance can help to relax your mind and not thinking much about calculations and fear of unexpected things to arise.

From one side all mentioned above looks complicated, but in reality, it’s not.

How to make a yacht charter booking process easier?

Your priority is to choose a destination where you want to hire a yacht, decide which type of yacht to charter and when. The broker then sends you a list of available yachts in the specific area according to your budget and preferences, and of course, he or she mentions to your what booking terms and costs are applicable for the yachts you liked the most. So the yacht charter agent shares all the information needed for you instead of you going and doing this long research.

We are here for you

At Contact Yachts, we know it takes time to book a perfect yacht, but it’s totally worth it. Once you reach your charter yacht, you’ll feel as carefree as never before. Think of all the beautiful coastal towns and islands you’ll visit without a need for packing and unpacking. Think of all the delicious meals your personal chef will cook for you and the stewardess will set up the table, and you don’t need to do anything for that. Think of the sea that’s just one meter away from you and you can jump into refreshing turquoise water whenever you wish. Think of the silence, privacy, and intimacy of this holiday that can’t be compared to any on land experience.

How to save money on a yacht charter?

Keep in mind that it’s always possible to lower your expenses for hiring a yacht. Our experienced charter brokers will help you to avoid any additional expenses if there’s no real need in them (like avoding visiting private marinas or hiring special water toys onboard, choosing a destination without VAT, etc). At the end of the day the job of a yacht broker to protect the interests of a client and find the best possible way for the charterer to hire a yacht and have an amazing vacation.

Please, browse through our destination guide s and navigate the yachts listed in your chosen destination. You can contact us today for a specific question whether it is a yacht charter inquiry or you need assistance with planning a yachting itinerary. Contact Yachts specializes in fully crewed luxury yacht charters in any part of the world. Our company has been planning and organizing yacht vacations since 1995.

Contact one of our team members for expert help

Email: [email protected]

Telephone: +61 2 8003 4655 (Australia); +90 252 413 63 13 (Turkey); +38 095 4444 261 (Ukraine).

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Mike Lynch and daughter among six missing after yacht sinks: Everything we know so far about disaster off Sicily coast

One person is confirmed to have died after the British-flagged luxury vessel named Bayesian sank, with 22 people on board. Sky News looks at what we know about the tragedy.

News reporter @samuelosborne93

Monday 19 August 2024 20:45, UK

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British tech billionaire Mike Lynch and his daughter are among six people missing after a superyacht sank in a storm off the coast of Sicily - with one person confirmed to have died.

Twenty-two people were on board the vessel, with 15 rescued - including Britons Charlotte Golunski, 35, and her one-year-old daughter Sofia.

Four other Britons and two Americans remain missing, including Mr Lynch and his 18-year-old daughter Hannah, according to Italian media. The entrepreneur's wife was rescued.

Here's everything we know about the sinking of the luxury vessel so far.

Follow live: People missing after superyacht sinks

What might have caused the sinking?

The British-flagged luxury vessel, named Bayesian, capsized at around 4.30am local time off Palermo, according to ship-tracking site Marine Traffic.

It sank with 22 people on board consisting of 12 passengers and a crew of 10, according to the Italian coastguard.

Waterspouts, essentially tornados which form over water, were seen as powerful winds battered the area overnight, local media said.

What are waterspouts?

Waterspouts typically occur during thunderstorms and can develop very rapidly, within minutes.

Their spin generally reaches wind speeds between 75-200mph, but can reach as high as 300mph.

They can travel at around 10-20mph typically but can reach greater speeds on occasions, making them difficult to avoid - especially in something as slow-moving as a yacht.

Matthew Schanck, chair of the Maritime Search and Rescue Council, called the reports of a tornado or waterspout "rare" and "quite alarming".

"The vessel was at anchor in a recognised anchorage," Mr Schanck said.

"Depending on wind direction and the state of the sea, this informs the captain whether it is a safe area to anchor or not. There was nothing that was too concerning, for my eye. All in all, the captain used the information they had to make a safe call."

Who owns the yacht?

British tech tycoon Mike Lynch is among those missing.

The 59-year-old owner of the yacht is known as the "British Bill Gates" and has been in the headlines in recent months over a high-profile fraud case.

Read more: ​​​​​​​Lynch's co-defendant dies after being hit by car days before yacht sinking

In June, a US jury cleared him of all charges , which were related to the sale of his software company Autonomy to Hewlett-Packard (HP) in 2011.

HP accused him of deliberately overstating the value of the company before it was acquired by the American technology firm.

Mr Lynch was extradited to the US to face trial in May last year and spent 13 months under house arrest in San Francisco as he awaited trial on 17 charges of conspiracy and wire fraud brought by the US Department of Justice - which were later reduced to 15 charges.

He always denied any wrongdoing and was acquitted.

Mr Lynch's wife Angela Bacares is confirmed to be among those rescued.

Who was on board when the boat sank?

The vessel had passengers from Britain, America and Canada, the Italian coastguard said.

Most of those on board the yacht were British, Italian news outlets have reported, claiming the other people were from New Zealand, Sri Lanka and Ireland and British-French citizens.

Charlotte Golunski was among the Britons rescued. Her LinkedIn profile says she is a partner at Mr Lynch's firm Invoke Capital and has worked there since 2012.

Speaking after the ordeal, Ms Golunski told Italian media that she lost her daughter Sofia for "two seconds" amid the "fury" of the sea but was able to retrieve her.

She said she held the infant above the waves until the lifeboat was ready.

"Many people screamed. Luckily the lifeboat inflated and 11 of us were able to get on board," she told ANSA.

The girl's father James Emsley also survived, according to Sicily's civil protection agency.

Before working at Invoke Capital, Ms Golunski worked at Hewlett Packard for 11 months and studied history at the University of Oxford.

Eight of those rescued were transferred to local hospitals and all were in stable condition, local media reported.

During rescue efforts, divers saw "corpses through the portholes" of the wreck as they recovered the body of a man at a depth of 50m (164ft), according to Salvo Cocina, the head of the Civil Protection of Sicily.

Considering the size of the vessel, authorities would have been alerted about the emergency quickly, Mr Schanck said.

He said the time of the incident would have made the search and rescue operation difficult.

"Visibility [would have been hampered] with it being night time or early morning," he said. "Given the fact most people on board would have been asleep down below, the ability for them to get out to safety could have been challenging, especially if the incident unfolded quickly."

What do we know about the vessel?

The Bayesian was known for its unusual 75m (246ft) single mast - one of the world's tallest made of aluminium.

The yacht's name resonates with Mr Lynch because the software that made his fortune was based on a statistical method known as Bayesian inference - based on an 18th century theory, that helps forecasters predict outcomes more reliably.

The yacht was built by Italian company Perini Navi in 2008 and was last refitted in 2020.

It was listed for rent for up to €195,000 (£166,000) a week, according to online charter sites.

The luxury vessel, which was managed by yachting company Camper & Nicholsons, can accommodate up to 12 guests in six suites.

It won a string of awards for its design, according to online specialist yacht sites.

Mr Schanck said the vessel would have been equipped with "high standard" life-saving appliances and radio communications. He added the yacht would have met all international standards and UK maritime coastguard agency regulations before its voyage.

Keep up with all the latest news from the UK and around the world by following Sky News

The boat left the Sicilian port of Milazzo on 14 August and was last tracked east of Palermo on Sunday evening, with a navigation status of "at anchor", according to vessel tracking site VesselFinder.

The Bayesian previously travelled to other parts of Sicily before its last sighting off the coast of the port of Porticello.

On Sunday, the boat was seen off the coast of Cefalu before it travelled towards Porticello, MarineTraffic data shows.

In the days before, the yacht travelled around four of the Aeolian islands, just north of Sicily.

It was previously named Salute, or "health" in Italian, when it flew under a Dutch flag. Its minimalist interior featured light wood with Japanese accents designed by the French designer Remi Tessier, according to descriptions on charter sites.

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Prosecutors in the nearby town of Termini Imerese have opened an investigation into the sinking.

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Sicily yacht latest: British tech tycoon Mike Lynch and daughter missing after superyacht capsized in Italy

One man has died while four britons and child are reportedly among missing after boat hits whirlwind off palermo, article bookmarked.

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British technology tycoon Mike Lynch and his teenage daughter are missing after a “tornado” sunk his superyacht off the coast of Sicily.

Mr Lynch and his daughter, Hannah, 18, are among six people still missing after the sailboat, named Bayesian, sank in the early hours of Monday with 22 people on board.

The 56-metre yacht had a crew of ten people and 12 guests, representing British, American and Canadian nationalities, the Italian coast guard said.

Mr Lynch’s wife, Angela Bacares, was one of the 15 people rescued, as eight survivors were taken to hospital, including a o ne-year-old baby . One body has been found while four Britons and a child are reportedly still among the missing.

Some guests on board are believed to have been Mr Lynch’s lawyers, who were invited to celebrate his recent legal victory which cleared him of fraud accusations, The Telegraph reported.

Divers have identified a wreckage 50m below the water’s surface and prosecutors in the nearby town of Termini Imerese have opened an investigation into the incident.

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Pictured: Rescue teams search through the night

Mapped: the path of the Bayesian yacht before it sunk

Canadian foreign office in contact with Italian authorities

Canada’s foreign ministry has confirmed it is in contact with local authorities in Sicily amid reports Canadians were onboard the Bayesian when it sunk.

A spokesperson told the BBC they are “aware of reports that a Canadian citizen has died”.

Italian authorities have not formally confirmed the nationality of the one person whose body has been recovered.

Full report: British tycoon Mike Lynch and daughter among missing at sea with one dead after yacht sinks in Italy

British tycoon Mike Lynch among missing at sea with one dead after yacht sinks

A one-year-old baby is among the survivors after she was held afloat by her mother

Missing British tech tycoon Mike Lynch’s co-defendant in US fraud trial dies in car crash

The co-defendant of British tech tycoon Mike Lynch in a US fraud trial died in a car crash days before the businessman went missing after the sinking of his yacht off the coast of Sicily.

Stephen Chamberlain, Autonomy’s former vice president of finance alongside chief executive Mr Lynch, was killed after being hit by a vehcile while out running on Saturday, his lawyer, Gary Lincenberg said.

Less than 48 hours later, Mr Lynch was among six tourists who went missing after a luxury  yacht  sank in a tornado off the coast of Sicily early on Monday.

In a statement, Mr Lincenberg said: “Our dear client and friend Steve Chamberlain was fatally struck by a car on Saturday while out running.

“He was a courageous man with unparalleled integrity. We deeply miss him. Steve fought successfully to clear his good name at trial earlier this year, and his good name now lives on through his wonderful family.

Former crew member says missing employees ‘well known’ across industry

A former crew member of the Bayesian has said those working on the boat as it sank in the early hours of Monday morning were “well known and liked”.

The yachtsman, who worked on the boat several years ago told Sky News it’s a “well respected boat and well known in the industry, especially on the Mediterranean and Caribbean circuits”.

He said: “The weather around Sicily can be slightly unpredictable but this does seem to have been an unusually large freak storm.

“The missing crew members are missing crew members are well known and liked across the industry.

“We have been nervously waiting for updates since this morning. My thoughts are with all involved during this awful moment.”

Yacht guests were ‘Lynch’s lawyers celebrating his acquittal’

Some guests on board Mike Lynch’s yacht as it sunk were reportedly his from his legal team - invited there to celebrate the tech tycoon’s recent acquittal.

The 59-year-old’s superyacht sank off the coast of Sicily in the early hours of Monday morning with 22 people - ten crew members and 12 guests - on board.

Mike and his daughter, Hannah, 18, are amongst the six people still missing as one person has been confirmed dead and 15 were rescued.

According to the Telegraph, Mr Lynch had invited his legal team from Clifford Chance to celebrate his legal victory, in which he was cleared of all charges of fraud after being accused of inflating the value of his company after selling it to US tech giant Hewlett-Packard (HP).

The father of one of the survivors of the tragedy said she was a Clifford Chance lawyer who said that the trip had been a celebration.

He told the paper: “I have texted with my daughter and she hasn’t given me any updates about missing personnel or saved personnel. She has only said to me that there are deaths, and she and her partner are alive.”

UK sending team to investigate tragedy

The Marine Accident Investigation Branch said four of its inspectors were being deployed to Palermo following the sinking of the Bayesian yacht.

A basic assessment of the scene will be made by the team with no investigation launched at this stage, the PA news agency understands.

Witness says crew must have been ‘surprised’ by storm

A man who saw the sinking of Mike Lynch’s superyacht unfold said they must have been “surprised” by the storm that hit.

“At around 4:30 in the morning it was gone. A beautiful vessel where there had been a party. A normal holiday day spent happily at sea turned into a tragedy,” a witness told Italian news agency ANSA.

He continued: “The vessel was not far from the port. It would have taken very little to raise the anchor and head for the port. Evidently they were surprised by the storm that suddenly hit and they were unable to avoid the sinking.”

Global warming may be factor in deadly Italian shipwreck,

Global warming may have contributed to the freak storm that sank a luxury British-flagged yacht off the coast of Sicily on Monday, an Italian climatologist has said.

Luca Mercalli, president of the Italian meteorological society, said the episode that led to the tragedy could have been a water spout, essentially a tornado over water, or else a downburst, a more frequent phenomenon that doesn’t involve the rotation of the air.

“We don’t know which it was because it all happened in the dark in the early hours of the morning, so we have no photographs,” he said.

In Italy, water spouts can involve winds of up to 200 kilometres (124 miles) per hour, while downbursts can produce gusts of more than 250 km per hour.Statistics show that downbursts are becoming more frequent around the country, which Mercalli said may be connected to global warming.

Storms and heavy rainfall have swept down Italy in recent days after weeks of scorching heat.

“The sea surface temperature around Sicily was around 30 degrees Celsius (86 Fahrenheit), which is almost 3 degrees more than normal. This creates an enormous source of energy that contributes to these storms,” Mercalli said. “So we can’t say that this is all due to climate change, but we can say that it has an amplifying effect.”

A similar freak storm killed four people, when their tourist boat sank on Lake Maggiore in northern Italy in May last year.

The country’s varied geology makes it prone to floods and landslides, while the fact it is flanked by rapidly warming seas means it is vulnerable to increasingly powerful storms.

“Climate-driven catastrophes in Italy will become more frequent and more intense,” Mercalli said.

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Money Report

A $1.4 million vacation? Take a look inside a yacht that costs that much per week

By ,cnbc • published august 15, 2024 • updated on august 15, 2024 at 11:02 pm.

The 255-foot superyacht Malia sold in 2023 with a price tag of $120 million.

But she can be yours for a fraction of the cost: $930,000 per week.

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But with many large yacht charters, surcharges — for fuel, food, drinks, marina fees, onshore activities and special requests — are usually an additional 35% of the base price. 

Cruising in Europe also attracts a value-added tax of around 20% of the base fee, but this can vary by country. Crew gratuities are also between 10% to 20% of the charter fee.

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All in, a week cruising the French Riviera on Malia costs a whopping $1,441,500.

For the price, Malia takes guests on stunning tours of the Mediterranean, from Monaco to the Italian Riviera, island-hopping from Sardinia and the Maddalena islands with stops in iconic French hubs like Saint-Tropez.

Up to 12 guests can sleep in the yacht's eight state rooms, including a master VIP suite, all with luxury ensuite bathrooms.

"The bedrooms are comparable to hotel rooms. You don't feel like you're on a yacht," said Sacha Williams, global charter marketing director at Northrop & Johnson, Malia's broker. "It's like you're in a floating hotel."

The main deck has a saloon with a bar and dining area illuminated by full-length windows, as well as an upper deck lounge featuring a striking glass chandelier and an extensive audio-visual system.

The decks are connected by an elevator.  

Like a hotel, the yacht has a gym and spa, the latter with a massage room, sauna and Turkish hammam bath.

"On a yacht this size, it's increasingly popular to have a hammam, steam room or sauna," Williams said. "Wellness is definitely a strong trend on all yachts now. The onboard spa therapist does all manner of treatments, not just massage and facials, but all things beauty-related. You could spend an entire day in that space."

There's also a glass-edged infinity pool on the main deck and a glass-bottomed Jacuzzi on the sundeck, plus an outdoor theater. 

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Tenders and toys.

Travelers may pay seven figures for a week on this yacht, but few stay on it the whole time.

Malia comes with additional leisure vessels, including several tenders that guests can take to shore.

They can also take a deep-sea fishing trip on Malia's 46-foot-extreme sportfishing tender. Additionally, crew can take guests up to six feet underwater in a shark-shaped submersible made by Seabreacher, which seats one pilot and one passenger. 

"The fishing tender is quite unique, especially in the Mediterranean, as you tend to see these a lot more in the Caribbean and Bahamas, where sportfishing is no big deal. But imagine how cool that would be to just take the children out for the afternoon and go and catch some fish," said Williams. 

Crew members can also teach guests to use Fliteboard motorized surfboards and to explore underwater with Seabobs. Those who want to relax can sit back for towable joy rides in the sun.

Malia's "toy" inventory also includes jet and water skis, plus paddleboards, pedalboards , wakeboards, kayaks, and an inflatable climbing frame with a walkway.

"This particular owner is all about fun. He wanted to make sure that he had every possible guest request catered for" said Williams. "You don't see a Fliteboard on every yacht ... they are in high demand."

Captain and crew

A portion of the charter price goes to paying for the 21-member crew, which includes a captain, engineering and hospitality teams, and several chefs. Some crew members double as personal trainers and have musical skills to entertain in the evenings.

"Guests may never even see some of the crew members, like the engineering team," said Williams. "There are people working through the night to ensure the guests' safety. Some will be more involved with the navigation and planning, and arranging berths in ports. The more senior interior crew will also do the bookkeeping, as there's a lot of money being spent to ensure that everyone's having a great time."

"The best way I can describe them is like swans," said Williams. "They just glide around."

Malia's itineraries are "hyper detailed," Williams said. The yacht's broker and the captain agree on an itinerary that considers guest preferences, sea conditions and weather forecasts.

But the captain can also consider requests to modify the schedule mid-charter — for example, if guests are enjoying a particular location and want to stay longer, Williams said:

"That's the beauty of chartering a yacht."

Who books vacations like this

Malia's guests tend to be North American, European and Middle Eastern, Williams said. 

Typically, they have built their wealth in highly niche areas of business, she said. "I've always been surprised by some of the North American clients as to how they've generated this amount of wealth from selling items that can appear quite banal. But I guess the size of the country means that you can become very successful selling something as simple as eggs or screws," she said.

"Sometimes you'll see the principal — the person footing the bill — charter Malia for a few weeks, and invite different groups during that time. One week, they'll be with their friends, and then the friends will move on and then their family will join, then their parents."

But many guests book the yacht for family vacations and celebrations, she said.

"They may be celebrating a birthday or wedding anniversary, or just a family get-together. On a yacht the size of Malia, you can have the grandparents, the parents and the children."

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‘UK’s Bill Gates’ Mike Lynch & daughter, 18, feared dead after ‘hosting party’ on £14m Bayesian yacht hit by tornado

• James Halpin
• Georgie English
• Ryan Merrifield
• Published : 13:43, 19 Aug 2024
• Updated : 0:50, 20 Aug 2024
• Published : Invalid Date,

A TYCOON known as 'Britain's Bill Gates' is among six people feared dead after his superyacht was capsized by a tornado.

Autonomy founder Mike Lynch , 59, his daughter Hannah, 18, and Morgan Stanley International chairman Jonathan Bloomer, 70, are among four Brits still missing .

The £14m luxury vessel Bayesian sank off the coast of Sicily about 4am on Monday.

A body has already been pulled from the water - believed to be that of chef Canadian Ricardo Thomas.

The twister hit when most of the 12 passengers and 10 crew were in their cabins, with the yacht anchored outside the harbour at Porticello, east of the Italian island's capital Palermo.

The horror waterspout snapped the 246ft sail mast - the world's second tallest, according to witnesses.

Read more on world news

4 Brits feared dead after ‘tornado’ sinks superyacht as divers scour wreck

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Lynch - worth an estimated £852m - and his family were hosting guests from his legal firm and his company Invoke Capital to celebrate a US jury clearing him of fraud earlier this summer.

He was extradited to the US in 2023 over the £8.5billion sale of his software firm Autonomy to Hewlett-Packard in 2011.

He was accused of inflating the company’s value.

In an odd twist of fate, Lynch's ex-colleague and fraud trial co-defendant Stephen Chamberlain died days before the yacht tragedy.

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He was struck by a car while out running on Saturday in Cambridgeshire and died in hospital the following day.

Lynch’s wife Angela Bacares, 57, survived the tragedy but was in a wheelchair on Monday after suffering horrific injuries to both feet, believed to be from broken glass.

She reportedly told doctors they were woken at 4am as the 180ft  boat tilted sharply before a  scene of “confusion as glass shattered” and “everything slipped”.

The captain of nearby Dutch boat the Sir Robert BP told how he helped to pull survivors from the water —  including three who were seriously injured —  before the coastguard arrived on the scene.

Karsten Borner said the Bayesian “went flat on the water and then down”, adding: “There was a light and we saw that the ship was aside and then we saw a triangle. So I think she went back down.”

Local fishermen also raised the alarm with port authorities.

Pietro Asciutto told reporters he watched the boat capsize, adding: “I was at home when the tornado hit.

“I immediately closed all the windows. Then I saw the boat, it had only one mast, it was very large. I saw it sink suddenly.

“Shortly after I went down to get a better look at what was happening. The boat was still floating, then suddenly it disappeared. I saw it sink with my own eyes.”

He stayed on site for three hours but saw no sign of any survivors.

It is feared those unaccounted for may have been trapped inside their cabins as the yacht was struck by violent winds and rain overnight.

Helicopters, boats and firefighters continued to  search for the missing last night.

Four Brits and two Americans remained unaccounted for.

French captain Matthew Griffith was among the 15 people rescued.

Lynch, compared to Microsoft magnate Bill Gates, faced 20 years in jail and said he feared dying behind bars if found guilty.

He had spent a year under house arrest in the States.

The dad-of-two Lynch, born in Ilford, East London, was cleared of 16 counts of wire fraud, securities fraud and conspiracy, following a trial in San Francisco two months ago.

After being cleared he insisted: “It’s bizarre, but now you have a second life.

"The question is, what do you want to do with it?”

A one-year-old British girl named Sophia was rescued by her mother Charoltte Golunski in the sea after the sinking before they were rushed to hospital.

Golunski spoke about the frantic rescue, telling Giornale di Sicilia: "For two seconds I lost the baby in the sea, then I immediately hugged her again amidst the fury of the waves. 

"I held her tightly, close to me, while the sea was stormy. Many were screaming.

I held her tightly, close to me, while the sea was stormy. Many were screaming Charlotte

"I screamed for help but all I could hear around me was the screams of others.

"Luckily the lifeboat inflated and 11 of us managed to get on board."

Charlotte managed to swim over to one of the rafts where she and her daughter were taken to safety along with 11 others.

Dad James Emsilie was also onboard at the time of the horror ordeal and wasn't able to find his family after being swept away by the sea.

One of the survivors of the tragedy is Ayla Ronald, 36, a senior associate at the Clifford Chance law firm, who was part of Mr Lynch’s legal team.

She and her partner Matthew Fletcher, who was also on board, were understood to have escaped the sinking uninjured.

Her father Lin Ronald, who works in yacht sales in Christchurch, New Zealand, told The Sun: “Ayla sent me a text a few hours ago to say she was alive and well, as is her partner Matthew.

“She was invited to go sailing by Mike Lynch to celebrate winning his recent United States court case.

“It was supposed to be a celebration cruise of sorts. I believe they had only been sailing a couple of days.”

Yacht firm Camper & Nicholsons, which manages operations on the Bayesian, said there were a total of 12 guests and ten  crew.

MOST PASSENGERS FROM UK

The majority of passengers were understood to be from the UK.

Citizens from New Zealand, Myanmar, Sri Lanka, Ireland, Canada, the US and two dual British-French nationals were also on board.

Eight of those rescued were receiving treatment in hospital last night, according to the Italian Coastguard. None was thought to be in a serious condition.

Among the injured are the lawyer Ms Ronald; Sasha Murray, 29, of  Ireland; James Catfield, 51, from New Zealand, and Myin Kyaw Htun, 39, from Myanmar. 

Divers were understood to have reached the yacht’s hull, which is 160ft below the water and around half a mile from the coast.

An eyewitness, who said there had earlier been a party on the yacht, told a  website: “The vessel wasn’t far from the port.

“It didn’t take much to raise the anchor and head for the port. “Evidently, they were surprised by the storm that suddenly hit and were unable to avoid the sinking.”

The yacht, under a  British flag, was previously named the Salute.

Italian prosecutors confirmed they had opened an investigation into the sinking.

The public prosecutor’s office in Termini Imerese has also opened a file on the tragedy.

Staff working for Lynch were unwilling to comment at his Georgian manor house  in Pettistree near Woodbridge, Suffolk.

The tycoon and his wife were thought to have lived at Loudham Hall for the last 15 years.

The gates at the top of the long drive to the 16th-century property remained closed on Monday night as details emerged of the yachting tragedy.

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One member of staff said on an intercom: “I’m afraid we can’t comment at the moment.”

Invoke Capital, one of Lynch's companies has been approached for comment by The Sun.

Who is Mike Lynch?

By Georgie English

Entrepreneur Mike Lynch is still believed to be missing hours after a £14m luxury yacht capsized in a tornado off the coast of Sicily.

The tech tycoon, dubbed "Britain's Bill Gates", was one of the 22 people sailing onboard the £166,000 a week vessel, the Telegraph reported this afternoon.

Lynch, 59, sold Autonomy Corporation - a tech company for $11b to Hewlett-Packard in 2011.

He has also been involved in Invoke Capital and cybersecurity company Darktrace.

He was awarded an OBE for his services to enterprise in 2006.

Born in Ilford, Lynch had a firefighter father from County Cork and a nurse mother from County Tipperary.

Away from work, Mike is married to wife Angela Bacares and the pair have two children together.

In 2023, the Sunday Times rich list set the couple's value at £852m.

Just weeks ago, Lynch was acquitted of criminal charges by a jury in San Francisco after a 12-year legal battle over the $11bn sale of his firm, Autonomy, to Hewlett-Packard in 2011.

He was extradited to the US on fraud charges back in 2023 with a judge setting his bail at £79m.

US Marshsals took Lynch into custody at Heathrow, putting him in chains and bundling him on board a United Airlines flight.

However, he had a few things in his favour.

The nature of the case led to a boring and turgid trial, including painstaking parades of emails, reports and spreadsheets filled with jargon, leaving jurors glassy-eyed.

One was even dismissed because he repeatedly fell asleep.

Lynch argued that any questionable activity was entirely immaterial in the context of a thriving business bringing in hundreds of millions a year.

While his lawyers claimed the books were approved by outside accountants and that, by British standards, the deals in question were appropriately accounted for.

Lynch was used as the final witness and rather than going "right for the jugular", as his head lawyer Brian Heberlig said, the prosecutors simply "reviewed a chronology of documents, with no probing questions". The jury agreed.

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Search continues for british tech magnate and 5 others after luxury superyacht sinks off sicily.

PORTICELLO, Sicily (AP) — British tech magnate Mike Lynch and five other people were missing after their luxury superyacht sank during a freak storm off Sicily early Monday, Italy’s civil protection and authorities said. Lynch’s wife and 14 other people survived.

Lynch, who was acquitted in June in a big U.S. fraud trial, was among six people who remain unaccounted for after their chartered sailboat sank off Porticello, near Palermo, sometime after 4 a.m. A tornado over the water known as a waterspout had struck the area overnight, said Salvo Cocina of Sicily’s civil protection agency.

One body was recovered, and police divers spent the day trying to reach the hull of the ship, which was resting at a depth of 50 meters (163 feet) off Porticello where it had been anchored, rescue authorities said. They returned to the site after 10 p.m. to see if it would be possible to search through the night, when weather conditions were expected to worsen, said Luca Cari, spokesman of the fire rescue service.

The ship had a crew of 10 people and 12 passengers, the Italian coast guard said. A sudden fierce storm had battered the area overnight, and a waterspout struck precisely where the 56-meter (184-foot) British-flagged Bayesian had been moored.

“They were in the wrong place at the wrong time,” said Cocina, noting that another big ship nearby, the Sir Robert Baden Powell, wasn’t as badly damaged and helped rescue the 15 survivors — including Lynch’s wife, Angela Bacares.

The Bayesian was notable for its single 75-meter (246-feet) mast — one of the world’s tallest made of aluminum and which was lit up at night, just hours before it sank. Online charter sites listed it for rent for up to 195,000 euros (about $215,000) a week.

One of the survivors, identified as Charlotte Golunski, said she momentarily lost hold of her 1-year-old daughter Sofia in the water, but then managed to hold her up over the waves until a lifeboat inflated and they were both pulled to safety, Italian news agency ANSA reported. The father, identified by ANSA as James Emslie, also survived, said Cocina.

Karsten Borner, the captain of the Sir Robert Baden Powell, said he had noticed the Bayesian nearby during the storm but after it calmed he saw a red flare and realized the ship had simply disappeared, ANSA and the Giornale di Sicilia newspaper reported. Borner said he and a crew member boarded their tender and found a lifeboat with 15 people, some of them injured, who they then took aboard and alerted the coast guard.

Eight of those rescued were hospitalized while the others were taken to a hotel. One body believed to be the cook was found near the wreck, but six others were unaccounted for and believed inside the hull, said Cari, the fire rescue spokesperson. The rescue operations, which were visible from shore, involved helicopters and rescue boats from the coast guard, fire rescue and civil protection service.

Fisherman Fabio Cefalù said he had seen a flare from shore at around 4:30 a.m. and immediately set out to the site but by the time he got there, the Bayesian had already sunk, with only cushions, wood and other items from the superyacht floating in the water.

“But for the rest, we didn’t find anyone,” he said from the port hours later. He said that he immediately alerted the coast guard and stayed on-site for three hours, but didn’t find any survivors. “I think they are inside, all the missing people.”

He said he had been up early to check the weather to see if he could go fishing, and surmised that a sudden waterspout had struck the yacht.

“It could be that the mast broke, or the anchor at the prow pulled it, I don’t know,” he said.

Cocina said the crew and passengers hailed from a variety of countries: In addition to Britain and the United States, passengers and crew were from Antigua, France, Germany, Ireland, Myanmar, the Netherlands, New Zealand and Spain, he said.

The UK Marine Accident Investigation Branch is deploying a team of four inspectors to Italy to conduct a preliminary assessment. The Foreign Commonwealth and Development office said it was “providing consular support to a number of British nationals and their families.”

Dutch foreign ministry spokesperson Casper Soetekouw said the lone Dutch citizen on board, a man, had been rescued and was not in life-threatening condition.

Lynch, once hailed as Britain’s king of technology, was cleared in June of fraud and conspiracy charges related to Hewlett Packard’s $11 billion takeover of his company, Autonomy Corp.

The not guilty verdicts followed an 11-week criminal trial in San Francisco that delved into the history of HP’s 2011 acquisition of Autonomy, a business software firm founded by Lynch.

The fraud accusations represented a dramatic turn in the fortunes of an entrepreneur once described as the Bill Gates of Britain — a title he seemed to live up to when he netted an $800 million from the Autonomy sale.

The acquittal vindicated Lynch, who had vehemently denied wrong doing and portrayed HP as a technological train wreck.

“I’m looking forward to returning the UK and getting back to what I love most: my family and innovating in my field,” Lynch said in a statement released after the verdict.

The yacht, built in 2008 by the Italian firm Perini Navi, can accommodate 12 passengers in four double cabins, a triple and the master suite, plus crew accommodations, according to Charter World and Yacht Charters.

The vessel, which previously was named Salute when it flew under a Dutch flag, featured a sleek, minimalist interior of light wood with Japanese accents designed by the French designer Remi Tessier, according to descriptions and photos on the charter sites.

Winfield reported from Rome. AP writers Danica Kirka and Sylvia Hui contributed from London.

This story has been corrected to reflect that the fisherman’s name is Fabio Cefalù, not Francesco Cefalu’.

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