What You Need to Know About Chartering a Vessel

Payment:

 

The standard deposit is 50% of the charter fee, payable with the signed contract. At this time your charter is confirmed and you are assured of getting the yacht you have selected. The balance of all charter fees are due in cleared funds, 30 days prior to the start date of your charter. If your charter is a plus all expenses contract, an advanced provisioning allowance (APA) to cover all estimated expenses is also due with the balance payment. All yachts strictly adhere to payment dates and late payments can cause a default and cancellation of the charter.