private yacht vs charter

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Private or Charter Yacht Ownership – Which is right for you?

The carefree cruising lifestyle. Wind in your hair, friends on deck, and endless horizons ahead. Sailing, the sea, and yacht ownership have an appeal that’s undeniable, and if you’ve made it to this page, you’ve probably considered purchasing a yacht at some point. So, let’s look at the basics of two ownership options – private yacht purchase vs. placing a yacht into a charter management program. No single option is better than another. Each have their own advantages and disadvantages based on costs, boating experience, and what factors are most important to you. Let’s take a closer look at some of primary factors to consider that might just help move you a step closer to your yacht ownership dream.

Travel dreams

Most of us can agree that we want to be out on the water sailing more often, but everyone has different ideas about where !  If you’re looking to cruise close to your home port, then perhaps a new or used private yacht purchase is the best for you, where you can keep your yacht close at hand for weekend sailing.

But if you’re like many of the Dream Yacht Charter owners that want to sail the world and discover new and exotic ports of call, then a charter program can be the perfect solution. With charter ownership, you can choose a program that allows access to sister ships around the world in your choice of 45+ idyllic destinations. You’ll simply fly to your chosen destination, step aboard and see the world – without the daunting yacht preparations, or long passages to get to your preferred cruising grounds eating into your precious vacation time. Whether you’re dreaming of cruising Croatia or Greece in the Mediterranean; the tropical Caribbean islands of Grenada, St. Martin, or Antigua; or exotic wonderlands such as Tahiti or the Seychelles, it’s all very possible when you place your new yacht in a charter management program!

Other cruising dreams often include setting off for longer term liveaboard cruising aboard your yacht – to explore the world at your own pace with no set schedule. If this is a long-range goal for you, an ownership program is a great way to set yourself up and help you prepare. A 5-year program is a nice buffer between when you purchase, and when you set sail on your liveaboard adventure – so you can plan for your future cruising lifestyle while you’re still receiving monthly charter payments and making progress in paying down any loans.

After the program is completed, you’re free to set sail for faraway places with the income, knowledge, and experience you’ve picked up during the program.

Sailing experience

How much experience is enough? Maybe you’re a sailor that hasn’t yet embarked on a sailing adventure beyond a nearby cruising grounds. Or maybe you have completed some training but haven’t used your skilled enough to feel entirely confident on the water. If you’re not yet comfortable with your sailing experience and wish to purchase a new yacht, there are a number of advantages to buying through a charter management program. Firstly, it’s a great way to own without the hassle and maintenance responsibility of private ownership. And with every charter week of sailing you’ll gain experience and confidence. Our base staff will welcome you, help you get familiarized with your yacht equipment, and provide a detailed chart briefing on your destination. And if anything should go wrong with equipment during your charter, Dream Yacht’s staff is available to assist.

All the while during your 5.5 years of ownership and sailing the world, you’ll gain confidence and skills beyond what can be learned from your local sailing school. At the end of your program when your yacht is phased out, you’ll be well-prepared to tackle more challenging cruising grounds, and exciting longer passages.

Yacht usage

How often will you want to use your yacht? Are you the kind of sailor that lives to spend every waking moment aboard your yacht regardless of its location? Or do you envision a few weeks of cruising perfection in paradise each year?

If your answer is every weekend, or more than 12 cruising weeks per year (or if you simply want to be the only one using your yacht), then a new or used private purchase would be a great choice for you.

Most of our charter programs allow for up to 12-weeks of owner use per year, and many owners find this more than enough time to enjoy sailing and exploring their favorite cruising grounds. To maximize your owner weeks, a flexible schedule helps to be able to take advantage of the 6 weeks of time that must be booked within 10 days of departure. Similarly, high season usage is limited, so flexibility on the time of year you sail helps you maximize you boat usage as well.

Maintenance & cleaning

Boats and maintenance go together, you can’t have one without the other – at least while still enjoying a good boating experience! Do you enjoy “tinkering” aboard a boat, looking after all the details to keep it in top condition, and doing minor repairs where needed? Keeping a regular maintenance schedule is a seemingly endless list of engine checks, fluid levels, battery checks, bottom cleaning and more. Private ownership involves the full responsibility for maintenance and repairs. Whether you hire it done or manage it yourself, it should not be underestimated.

One of the most beneficial aspects to charter ownership is having an expert team to look after a proper maintenance schedule, regular cleaning, and even repairs as needed. With every visit your yacht will be cleaned inside and out, with water and fuel tanks full and ready to leave the dock. Upon your return to the dock, the maintenance team will address any concerns you may have discovered while out on the water.

Cost considerations

We’ve saved this more obvious point for last, but cost considerations are likely one of the most important factors in your yacht ownership decision. What may not be quite as obvious is how quickly the costs can add up. Most people understand that purchasing a yacht for leisure comes with ongoing expenses far beyond the purchase price, but there are some costs that tend to be overlooked.

Our professional yacht consultants can help you better understand what costs to expect including: yacht insurance, dockage fees, maintenance, and cleaning. In short, traditional private yacht ownership is expensive, and while it does have a substantial upside, for many it’s not a realistic option

With a charter ownership program, you can purchase a new yacht and have the expenses of insurance, dockage, security, maintenance, and cleaning all covered for you. And what’s more – the regular monthly income from charter revenue helps offset your mortgage payments. For most people, it’s a much more affordable and worry-free way to own.

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Whichever ownership option you decide is best for you, Dream Yacht Charter has you covered with flexible charter management programs and the widest choice of yachts for private or charter ownership.

Our expert yacht consultants can explain your options in depth and help you through the purchase process, from choosing a yacht that is right for you, to finding the best financing. Get in touch today !

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Crew Culture: Private Vs Charter Yachts

There’s a long-standing myth in yachting that working on a charter yacht equates to seeing the world on a bumped up salary in a party atmosphere while a private vessel spells a slower pace of life in a lower octane environment.

As anyone who works in the industry knows, however, it’s a lot more nuanced than that. In fact, the traditional thinking that crew are either ‘charter or private’ has given way to a much more fluid scenario – and as a result, culture has evolved too.

It’s not about being a chameleon as authenticity is embraced and encouraged over and above the need to make yourself fit.

Crew-Glue Managing Partner Sara Ballinger advises a flexible approach for a rewarding career in either context. “Authenticity is preferable to having multiple personas to suit whoever you happen to be talking to,” she says. “It’s about adapting your style, not your personality.

“If you’re someone with a full on, extrovert and fiery personality and your captain is more thoughtful and detail oriented, bounding onto the bridge unannounced and bombarding them with your latest idea might take them aback.

“Better to be more self-aware, temper your style, tone it down, ask for a few minutes of their time and then hit them with all that energy! That’s flexible, but not inauthentic.”

Luxury Hospitality’s Peter Vogel, a former fleet hospitality and event manager, advises a less superficial approach in the recruitment process in order to find crew who are the right fit whether the yacht is for charter or private use. “If you hire because people are pretty, you will roll into issues as you are not hiring with a view to a proper job fit.”

He also advocates the idea of treating every yacht as a business, adding: “Commercial or charter vessels are driven by a financial perspective. The purpose is to make money, and while running a private family yacht is different, if you still run it as a business, things become easier and more aligned. More owners are now talking that language and there has been an evolution in attitude.”

It’s wise for green crew to be wary of the perceived wisdom attached to charter and private craft, particularly as the fantasy often bears scant resemblance to the reality.

“Charter yachts are regarded as a fast-paced and exciting albeit demanding working environment,” says Luxury Hospitality’s Insight specialist Lynne Edwards, a former interior manager. “The sheer volume of work and long hours can be hugely underestimated by green crew until they actually experience it – and it doesn’t suit everyone!

“Green crew who believe it’s an opportunity to see the world can be disappointed when they experience it only from the deck or through a porthole, with the exception of a rare night or two off.”

Crew retention can also be worse on charters, despite the incentive of substantial gratuities. “Burnout is rife, particularly on yachts which operate double seasons in the Med then the Caribbean or elsewhere,” adds Lynne.

“When people are exhausted and lacking in sleep, their tolerance levels drop, they start missing family and friends more and disengagement and friction sets in, aside from physical and emotional breakdowns.”

Peter agrees, adding: “On charter, there’s a lot of energy needing to be pumped out so you need creative, bubbly personalities who are willing to go for it and not think about ‘me’ time.”

Conversely, private yachts have long possessed the reputation for being a safer, less eventful, perhaps more boring bet.

“There are times when it can feel boring, just maintaining the vessel for an owner who may or may not get on for a boss trip,’ admits Sara. ‘Although there is still plenty to do, it doesn’t have the same sense of purpose and energy when you are going nowhere and serving no-one. Boredom and lack of enthusiasm can kick in.”

There’s no doubt that often, a charter will be a more stressful environment, especially for younger crew members. “The culture on a charter yacht is intense”, adds LH’s Emily Coates, a former first officer. “Tasks are done faster, stress levels are higher, crew celebrations after the charter are louder and the lows are lower. The work is focused around shorter deadlines and trying to achieve the wow factor to receive the best gratuity possible.

“There is less need to wow on a private yacht because the owner has seen it all before – and likes it - so there is less deviating from the script. The culture on the whole is calm and stable because there are more rest days and more time between trips.”

Lynne concurs, adding that private yachts often retain their team long term as they remain in port for long periods, making them an ideal choice for older crew for whom home life is as important as their yachting career.

“Privately owned yachts generally provide a more measured working environment unless the owner is an avid, perpetual entertainer of guests,’ says Lynne. ‘Crew can familiarise themselves with the owner’s needs and preferences but the fact remains that most owners, whether they charter their yacht or not, prefer to see the same faces when they spend time aboard.”

Talitha G Captain Giles Sangster has noticed increasing crew traffic between charter and private vessels, adding: ‘There is this myth that charter is busier and full of hidden riches whereas private is slower paced and lower paid but it depends entirely on the yacht.

“Charter is more intense and unknown. There is a steep learning curve in the first few days. If everything goes to plan, that will likely continue but when it doesn’t, it’s very difficult to pull ahead. You have to get creative and try new tactics.

“On a private/repeat charter trip, you know your client and you’re well prepared in terms of what to give and what to expect regarding routine, mealtimes and family preferences. However, an owner trip can be far busier than any charter trip based on the owner knowing what the yacht and crew are capable of.”

Sara can see why the charter/private myths have taken root. “I sometimes wonder if those for whom a more temporary style of employment, which creates more wealth but ‘is not forever,’ prefer charter while career yachties looking for security might prefer private,” she ponders. “I know many friends who love working on private yachts so it really depends on what you want from the job.”

With that in mind, Crew-Glue’s approach to team building and development combined with LH’s 360 training approach - which uses personality profiling to improve self-knowledge and self-awareness – exists to help crew understand their strengths and their purpose so they are better equipped to make the right job choice and be happy.

Lynne confirms: “Quite simply, it gives all crew the tools to rise to – and overcome – the challenges of even the most exacting situations.”

Images: Mark O'Connell

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What is a Private Yacht vs. Charter Yacht?

In the vastness of our blue planet, the realm of the ocean is a place of awe and mystery. And just as we've tried to understand the creatures that inhabit it, humanity has developed vessels to traverse its vastness. Among these, yachts have emerged as the epitome of opulence and intimacy with the seas. To truly appreciate the yacht's position in the maritime ecosystem, one must delve into the intricate differences between private and charter yachts.

In the vast tapestry of marine vessels, private yachts stand as a testament to personal luxury and bespoke design. They are not merely boats, but rather symbols of status, passion, and the desire for unparalleled freedom on the water.

Anatomy of a Private Yacht

Each private yacht is akin to a unique species in the animal kingdom, where every minute detail reflects the owner's preferences and dreams. From the sleek curves of the hull to the exquisite interiors, a private yacht is truly a habitat built to an owner's exacting specifications.

Many owners choose to keep these vessels as private sanctuaries, unseen and unknown to the general populace. They provide an escape, a connection to the ancient and vast rhythm of the ocean, away from the cacophony of daily life.

The Ethos Behind Private Ownership

Possessing a private yacht is not just about economic capability. It is about the deep-seated human desire to connect with the ocean, to tame it, and yet, to be humbled by its vastness. Much like a birdwatcher derives satisfaction from a rare sighting, a yacht owner rejoices in the solitude and tranquillity their vessel provides.

The Wonders of Charter Yachts

In contrast to their privately-owned counterparts, charter yachts embody a different, yet equally fascinating, approach to sea exploration. They represent the democratization of luxury, where the splendors of yachting are accessible to more than just the fortunate few.

The Composition of a Charter Yacht

Charter yachts are often built with a broader appeal in mind. Think of them as the migratory birds of the yacht world. They are designed to be adaptable, accommodating the needs and tastes of various guests throughout the seasons.

While they might not carry the extreme personal touch of a private yacht, charter vessels are by no means any less opulent. They are equipped with state-of-the-art facilities, luxurious amenities, and often come with a skilled crew adept at ensuring an unforgettable nautical experience for their guests.

The Philosophy of Chartering

Chartering allows individuals to dip their toes into the vast world of yachting without the long-term commitment of ownership. It offers a glimpse into the lavish lifestyle, a temporary sojourn into a realm where the horizon meets luxury.

Furthermore, chartering allows these magnificent vessels to be in constant rhythm with the sea, rather than being docked and dormant. It's a symbiotic relationship, where the boat thrives on its utilization and guests relish in its offerings.

Choosing between a private yacht and a charter yacht is akin to choosing between adopting a pet or visiting a wildlife sanctuary. Both offer profound experiences, yet they cater to different desires and commitments.

Those who yearn for a vessel that echoes their heartbeat, that serves as an extension of their identity, will naturally gravitate towards private yachts. It's about owning a slice of the ocean, a personal haven that can be visited at whim.

On the other hand, those who seek variety, who yearn to experience the myriad facets of yachting without the strings of ownership, will find solace in chartering. It's about tasting the many flavors the sea has to offer, one charter at a time.

Financial Implications: The Silent Current

❑ Initial Costs and Maintenance

🚢 Private Yachts: The very act of purchasing a private yacht is a significant financial commitment. Beyond the purchase price, one has to consider annual maintenance, which often runs between 10% to 20% of the initial cost, docking fees, insurance, and crew salaries. It's not just buying a vessel; it's entering into a lifelong relationship.

🛥️ Charter Yachts: While chartering a yacht also demands a hefty sum, especially for the high-end vessels, it's a one-time expenditure without the long-term financial commitments. You get to experience luxury without the baggage of upkeep.

❑ Returns on Investment

🚢 Private Yachts: Some private yacht owners mitigate their maintenance costs by offering their vessels for charter when they're not using them. This can provide a steady stream of income, but it also means opening up one's personal space to outsiders.

🛥️ Charter Yachts: These are primarily business investments. Owners purchase these with the express intent of renting them out, often aiming for high occupancy rates to maximize returns.

Customization versus Versatility

🚢 Private Yachts: The beauty of a private yacht lies in its reflection of the owner's personality. From the color palette, interior design, and even the name, every aspect can be personalized. The yacht becomes a floating piece of art, a personal sanctuary on the waves.

🛥️ Charter Yachts: While they are opulent and luxurious, they often have a more neutral design to cater to the tastes of a broader range of people. Their versatility is their strength, aiming to please many rather than deeply resonate with one.

The Crew: Guardians of the Voyage

🚢 Private Yachts: Crews on private yachts often develop a deep bond with the owners. They understand the owner's preferences, habits, and desires. It's a dance of familiarity, where words are often unnecessary.

🛥️ Charter Yachts: The crew is well-trained to adapt quickly to the needs and wants of different guests. They master the art of impeccable service without the advantage of longstanding familiarity. Each trip is a new adventure, a fresh set of faces, and unique demands.

The Ecological Footprint: Treading Lightly

Both private and charter yachts have an ecological impact, from fuel consumption to waste management. However, there's a rising trend in the yachting world to adopt eco-friendly technologies and practices.

🚢 Private Yachts: Owners with a deep passion for the ocean often lead the way in adopting sustainable technologies, from hybrid engines to solar panels.

🛥️ Charter Yachts: Given they are often part of a larger business model, there's an emphasis on efficiency. Green charters are becoming increasingly popular, appealing to environmentally-conscious clientele.

Concluding the Voyage

The realms of private and charter yachts are but two spectacles in the grand theater of maritime luxury. Each offers a distinct journey, a unique story, and a personal relationship with the boundless ocean. Whichever path one chooses, the sea, with its eternal embrace, awaits with open arms. 

Frequently Asked Questions

In our ceaseless journey through the maritime tapestry, we often find ourselves faced with questions - those curiosities and wonders that arise when contemplating the world of yachts. We have curated some of the most frequently pondered inquiries to further illuminate the intricate dance between private and charter yachts.

Why do people often opt for chartering instead of buying?

Chartering allows individuals to experience the luxury of yachting without the ongoing commitment of ownership. It's akin to wandering through various terrains on our planet, sampling each without settling in one. By chartering, one can traverse different waters, aboard varying vessels, without being tethered to the responsibilities of upkeep.

How does one ensure the crew's competence on a charter yacht?

The crews aboard charter yachts are often meticulously trained to cater to a broad spectrum of guests. They are seasoned sailors, well-versed in both the art of navigation and hospitality. We would always recommend seeking yachts managed by reputable charter companies, ensuring a crew that meets the highest standards of professionalism.

Are there destinations that are exclusive to either private or charter yachts?

While the vast oceans and ports are open to all, some exclusive marinas and docking spots might prioritize private yachts, given the long-standing relationships with owners. However, charter yachts, due to their often-broader network, might have access to a range of curated destinations, opening doors to unique experiences.

Can a private yacht be transformed into a charter yacht?

Absolutely. Many private yacht owners choose to offer their vessels for charter to mitigate maintenance costs and ensure the yacht isn't lying dormant. This transition requires adherence to certain regulations and standards, ensuring the vessel is fit for guests beyond the owner's circle.

What ecological measures are being adopted in the yachting world?

We are increasingly witnessing a conscious shift towards sustainable yachting. From hybrid propulsion systems to waste management protocols, both private and charter yachts are embracing practices to reduce their footprint. After all, our love affair with the sea comes with the responsibility to protect its vast wonders.

Is the experience onboard a private yacht vastly different from that on a charter yacht?

While the core essence of luxury, serenity, and connection with the ocean remains consistent, the nuances do vary. Aboard a private yacht, every corner whispers tales of its owner’s personality and desires. A charter yacht, conversely, offers a more versatile, yet equally opulent experience, designed to cater to a myriad of guests.

In our exploration of the yachting world, it is these questions that guide us, enlightening our understanding and deepening our appreciation for this magnificent dance with the sea. We hope this curation assists you in navigating the enchanting waters of yachting decisions.

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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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Serenity 236

236.3ft / 70m

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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Private Yacht vs Yacht Charter: Which is Right for You?

Key takeaway:.

• Consider your individual needs and preferences: Private yacht ownership offers complete control and flexibility, while yacht chartering is a more convenient option for those who want to avoid the costs and commitments of ownership. Factors such as frequency of use, budget, and desired amenities should be thought about before making a decision.
• Be informed about the financial aspects: Private yacht ownership requires a significant investment of money and time. The costs and obligations associated with maintenance, mooring, and insurance should be considered. Yacht chartering may be cheaper upfront, but there are still hidden costs such as fuel, food, and crew gratuities.
• Understand the lifestyle and career implications: Working as a crew member on a private yacht offers a more intimate and personalized experience, while working on a charter yacht offers opportunities for travel and networking. Long-term career goals and desired lifestyle should be considered before deciding which option is right for you.

Private Yacht vs Yacht Charter: An Overview

When deciding between chartering a private yacht and hiring a crewed yacht, there are several factors that must be taken into account. In this overview, we’ll explore the main differences between these options and delve into the key considerations for each. From the amenities on board, including water sports equipment, tenders, spas, and exercise equipment , to the various factors that can impact your decision-making process, we’ll provide a comprehensive guide to help you make the right choice.

Factors to Consider When Choosing Between Yacht Types

Comprehending the aspects to consider when picking between various yacht types is vital for gaining a pleasurable boating experience. It’s important to remember that numerous elements come into play, such as your budget, preferences, and intended usage of the vessel.

When selecting whether to purchase or charter a yacht, an essential element to look at is studying the contrasts between each option. The table below shows some essential points to think about when choosing between private yacht ownership and yacht chartering :

When deciding between yacht types, it’s also important to study the financial facets closely. Acquiring and possessing a private yacht can result in large costs compared to renting or chartering one. Besides the initial purchase price, yacht owners have to think of docking fees, regular maintenance expenses, unforeseen repair costs, and insurance coverage. That might explain why most people who buy yachts decide to lease them out when not using them.

It’s important to note that working as part of a private crew is different significantly from working as part of a charter boat’s team. Different compensation structures exist across multiple roles in both industries. Check our section on “ Jobs in the Yachting Industry ” to learn more.

Pro Tip: Do ample research if unsure which type of yacht is suitable for your preferences and needs. Various boats present unique difficulties requiring specific skill sets and proficiencies from crews. Make inquiries from industry experts or hire an independent consultant who can walk you through the subtleties that come with each option.

Why have a gym membership when you could have a private yacht outfitted with exercise equipment and a spa?

Amenities on Board, Including Water Sports, Tenders, Spas, and Exercise Equipment

Yachts have plenty of luxuries to offer their owners and guests. There are a multitude of activities they can partake in, from jet skiing and wakeboarding to diving and paddleboarding. The sun and sea will be sure to provide excitement.

Tenders , or small boats for transportation, are typically kept on board the yacht for convenient access to nearby attractions.

For relaxation, spa treatments like massage therapy and beauty treatments are offered. Gyms with top-notch exercise equipment like treadmills, bikes, and free weights are also aboard.

Owners of private yachts can customize amenities to suit their own needs. But this will come at a greater cost. Whether you choose ownership or chartering, it comes down to balancing the financial burden with the luxury benefits of the amenities .

Private Yacht Ownership vs Chartering

When it comes to yachting , there are two main options to consider – private yacht ownership and chartering . In this section, we will explore the business and financial aspects of each option, as well as the benefits and drawbacks of choosing one over the other. With insights from the reference data, you will gain a better understanding of which option might be the right fit for you.

Understanding the Business and Financial Aspects

Understand the biz and financial side of yacht ownership or chartering to make an informed decision. Consider the implications, including permits, taxes, depreciation, and other costs. Knowing the market forces can help decide whether to own for personal use or pursue commercial chartering. Renting is a viable option to avoid long-term maintenance.

Prior to any agreement , secure loans and pick between offshore and domestic registration. Revenue-sharing programs can be used for global shareholding without paying upfront.

Understand the biz and financial aspects when choosing between ownership and chartering . To minimize losses and maximize luxury, become familiar with all the requirements. Select premium vs. standard models and secure sufficient insurance coverage . Make an informed decision that’s best for you.

Benefits and Drawbacks of Each Option

Weigh the pros and cons of owning a yacht or renting one. Comparing both options helps to understand the advantages and limitations. Both options offer unique perspectives on cruising, which might influence your decision.

Here’s a table of essential pros and cons of private yacht ownership vs. yacht charter :

Owning a yacht has its perks – personalized accommodations, scheduling control, and luxury. But, it can be expensive with maintenance costs, fuel, docking fees, and crew salaries.

Renting or chartering offers freedom – no maintenance costs or headaches. Plus, you can travel leisurely and visit many ports with different itineraries.

Think about what you like before deciding. Knowing the pros and cons can help with costs associated with owning a boat. And, you still get full control by renting when needed. You could even get paid to sail the seas and live the dream life!

Jobs in the Yachting Industry

Looking to work in the yachting industry but not sure whether to choose a private yacht or a yacht charter? This section explores the different types of jobs available in the industry.

Private yacht jobs typically offer higher salaries and better benefits than yacht charter jobs .

• Private yacht crew members often work for the same owner, while yacht charter crew members work for a charter company and serve a rotating clientele.
• According to industry data, private yacht crew members can earn anywhere from $3,000 to $10,000 per month in salary, while yacht charter crew members typically earn from $2,000 to $5,000 per month .
• However, yacht charter crew members can earn tips and commissions on top of their salary.

With a growing demand for luxury yachts around the world, the yachting industry is an exciting and lucrative career path to consider.

Private Yacht Jobs vs Charter Yacht Jobs

Private yacht jobs and charter yacht jobs both offer amazing chances for career advancement in the yachting industry. A private yacht job entails working directly for a private owner, whilst a charter yacht job involves working on vessels that are available to rent with guests onboard. Both types of jobs can be found in different areas, such as hospitality and engineering.

Private yacht job positions need a more individual touch since crew members communicate with the owner frequently. These jobs offer a chance to develop professional contacts, but they require discretion and reliability. Private yachts have customers with t ailored itineraries, less foreseeable routines, and may include global travel to exotic places.

In contrast, charter yacht positions involve a lot of guest interaction, making sure satisfaction during charters. Staff are well-trained in predicting guests’ requirements before being asked, leading to a high standard of service. In addition, regular itineraries allow employees to arrive at destinations early, making sure all is ready before the guests’ arrival.

Jobs in both fields need various qualifications, such as maintenance procedures, emergency response techniques, engineering systems, food preparation skills, crowd control capacity, and managing resources within confined spaces . A committed worker looking at the possible rewards in terms of credibility, references, reasonable compensation, and networking opportunities would enjoy working in either type of yacht, depending on personal preferences and style.

It’s noteworthy that upskilling abilities often in the yachting industry can offer career growth potential. The industry hardly ever gets dull with occasional changes in global locations, giving relevant experience in multiple cultures, leading to diverse abilities over time.

To sum up, whether one opts for private yacht jobs or charter yacht jobs, the yachting industry offers thrilling career opportunities that need commitment, professionalism, and the development of various skills.

Salary and Benefits Offered in Each Type of Job

Searching for yachting jobs? Look at both the financial and non-financial elements. Private and charter yachts have different owners/functioning structures, which impact the advantages of each job.

Various jobs in both types of yachts have their own bonuses and pay packages. Typically, private yacht crew members get paid more than charter yacht crew members because they need to be more dedicated and responsible. Luxury boats often have higher compensation. Private boat owners can also provide accommodation, food costs, health insurance, paid leave and other rewards.

Charter boat crew members are more casual staff, needing less commitment. They get employed through staffing agencies or charter companies and don’t cover costs during assignments, which is taken care of by the company. Though there’s less job security, they might have higher taxes due to US tax laws .

To sum up, check out the monetary compensation packages for salaries and insurance, in particular, if you’re working as a full-time officer or a charter-basis crew member.

Life as a Crew Member on a Private Yacht vs Charter Yacht

Working as a crew member on a yacht can indeed be a luxurious and exciting experience, but deciding between working on a private yacht or a charter yacht requires careful consideration. In this section, we will explore the benefits and implications of working on each type of yacht, from quality of life and interaction with the owner to career prospects. Let’s dive into the world of yacht crew life to help you make an informed decision about your next career move.

Benefits and Implications of Working on Each Type of Yacht

Working in the yachting industry brings various benefits and drawbacks. Comparing private and charter yachts can help.

Private yachts provide a more personalized experience, better work-life balance, and higher salary . But, there is less job security and fewer chances for career advancement since crew work for just one owner . With charter yachts, crew meet new people while sailing to fascinating places with good job security. Still, long work hours and limited personal space can be difficult.

It’s essential to consider lifestyle preferences and professional goals to decide which yacht type works best. On private vessels, the atmosphere is more relaxed. Charter vessels provide an exciting sailing experience. On private yachts, one can enjoy luxurious experiences. But on charter yachts, one gets paid to experience them.

Quality of Life, Interaction with Owner, and Career Prospects

The yacht industry offers numerous job options, such as working on private and charter yachts. Quality of life, interaction with the owner, and career prospects all depend on the type of work. See the following table for details.

Private yacht employment is more relaxed than charter yachts, but it depends on the employer’s expectations. Interaction with the owner is more personal on private yachts, while charter yachts involve multiple owners. Career prospects differ according to duties in both sectors.

Working on private or charter vessels brings many benefits. Flexibility is an advantage for those seeking a stable career and growth while living aboard a yacht .

In order to establish a successful career in private yachts or charter vessels, longevity is important. Despite the difficulties, such as being away from home and doing extensive maintenance checks, many people have found satisfaction in this work.

In conclusion, the yacht industry provides a variety of job opportunities. Quality of life, interaction with the owner, and career prospects are all key factors to consider when selecting between private and charter yacht employment.

Making the Right Choice for You: Private Yacht vs Yacht Charter

Private yachts and yacht charters are perfect for those seeking a luxurious and exclusive aquatic vacation. It all depends on your preferences, expectations, and budget. Private yachts offer privacy, personalization, and dedicated crews. However, they come with a higher price tag.

Yacht charters offer more flexibility and affordability. There are pre-arranged packages, itineraries, and sizes. Plus, activities like gourmet dining, spa treatments, and water activities. But yacht charters don’t offer the same exclusivity as private yachts.

Choose wisely! With research and advance planning, you can have the perfect yacht or charter. That way, you’ll have a memorable aquatic vacation.

Five Facts About Private Yacht vs Yacht Charter:

• ✅ Private yachts are solely for use by the owner and their family/friends, while charter yachts can be rented for use by others. (Source: https://seazone.app/news/charter-yacht-or-private-yacht-owners-dilemma/)
• ✅ To break even on charter costs alone, charter yachts need an average of 2-4 weeks in high season. (Source: https://seazone.app/news/charter-yacht-or-private-yacht-owners-dilemma/)
• ✅ When shortlisting charter yachts, assessing size, style, location, budget, cabins, and facilities is important. (Source: https://www.charterindex.com/why-charter)
• ✅ Working on a private yacht can mean a better quality of life and more interaction with the yacht owner, while working on a charter yacht may come with higher salaries due to tips from paying guests. (Source: https://www.yachting-pages.com/articles/different-worlds-working-and-surviving-life-as-crew-aboard-a-charter-yacht.html and https://www.cottoncrews.com/charter-vs-private-yacht-jobs/)
• ✅ Crew members on charter yachts may receive tips, while crew on private yachts may receive bonuses or year-end bonuses instead. (Source: https://www.cottoncrews.com/charter-vs-private-yacht-jobs/)

FAQs about Private Yacht Vs Yacht Charter: Which Is Right For You?

Effects of caffeine on the brain.

A study conducted by researchers at the University of Basel in Switzerland found that caffeine can improve the brain’s ability to process information. The study involved 20 participants who were given either a caffeine pill or a placebo. The participants then completed a memory task while their brain activity was monitored. The results showed that the participants who took the caffeine pill had better memory performance and increased brain activity in the frontal lobe.

Charter Yachts vs Private Yachts

A private yacht is solely for the use of the owner and their family/friends, while a charter yacht can be rented for use by others. When shortlisting selected charter yachts, some considerations that guides usually list include assessing size, style, location, budget, cabins, crew size, child-friendliness, amenities such as water sports, tenders, spas, and exercise equipment. Water sports options include snorkeling, diving, and underwater subs. Tenders are necessary for getting to shore, but some yachts have space for a helicopter. Some yachts also offer spa and exercise facilities on board.

Converting a private yacht to charter requires considering rules and regulations. The business aspect is the first question to answer. Most charter yachts aim to mitigate some of the annual costs associated with running a yacht, not to create profit. Owners need to decide how they view their yacht and the ability to use it. On average, 2-4 weeks in high season are needed to break even on charter costs alone. Direct costs include getting the boat charter-ready, surveys, crew, promotional, legal, and admin costs. Long-term costs include depreciation of value due to heavy use of the yacht. An owner visit will be considered a charter and will mandate paying VAT. A successful charter program can mitigate costs.

Working Aboard A Private Yacht vs Charter Yacht

A luxury yacht job offers a rewarding career and perks. Private yacht job involves working on a yacht used only by the owner and their guests, while a charter yacht job involves working on a boat chartered by families or corporations. There are differences in yacht operation and cruising program. Earning potential is through gratuity on charter yachts, bonuses, and benefits on private yachts. Time off is less on charter yachts due to a busy schedule, more on private yachts due to owner’s choice. Yacht deckhand and stewardess salaries vary based on experience, skills, and yacht size. Charter salaries are slightly lower than private salaries, but crew can make up for it in tips. Private yacht workers rarely receive tips but may get a year-end bonus. Tips usually amount to 10-20% of the total charter cost and are split between the crew by the Captain. Tips can be lucrative, but if the boat breaks or charters cancel, workers will miss out on those tips and have a lower salary.

Benefits And Implications Of Working Aboard A Luxury Yacht

The yachting industry is glamorous but demanding, with five-star service expected. Working aboard a luxury yacht offers perks such as travelling to exotic locations, tax-free salaries, and meeting new people. Yachting Pages explores the benefits and implications of working on a charter yacht vs a private yacht. Crew members on private yachts may receive lower salaries but have a better quality of life, with more interaction with the yacht owner and access to amenities when the owner is not on board. Crew members on charter yachts may receive higher salaries due to the presence of paying guests, but may experience more pressure to find new jobs after each season.

Charter Ownership vs. Private Ownership: How to Decide

No matter how you want to own a yacht-- there is a type of ownership for anyone. Owning a yacht in a charter fleet is one viable option and owning a yacht privately has its advantages too. If you have owned a boat before, what were the most rewarding things and what were the biggest obstacles? Throughout the duration of this article we will discuss the pros and cons of the various types of yacht ownership.

Maintenance and Care 

Do you enjoy boat projects, boat maintenance and caring for your yacht? Or, do you prefer to have your boat cared for and looked after by a group of professionals?

If you enjoy getting your hands dirty, private ownership could be your chosen path. Boats require a lot of monthly maintenance including cleaning water strainers, changing the oil, engine checks, checking oil and fuel filters, checking for corrosion, replacing gaskets, cleaning bilges and pumps and bottom cleaning. Just to name a few. If learning the in's and outs of owning a yacht and handling these things yourself is what you are looking for, you should consider owning privately. 

If having someone manage the maintenance and cleaning is more your style, then perhaps owning a charter yacht is the right choice for you. As a charter yacht owner, all of the maintenance is handled by a team of experts, including all of your monthly and annual maintenance-- bottom cleaning, engines checks, haul outs, etc. Your yacht will also be in pristine condition every time you arrive to it. Each time you use your yacht, you will make a list of any issues that arise, and all of those concerns will be addressed by the maintenance team at the base upon your return to the marina. You will also receive maintenance reports so that you can rest assured the work is being complete. 

Travel Goals

Do you want to take your yacht sailing across the Atlantic Ocean? Or would you prefer to fly across the Atlantic and take out a yacht in the Mediterranean or the Seychelles or any of the other 20 destinations that you can charter out of with The Moorings? 

Moorings Owners have the distinct luxury of not only chartering their own boat, but they can also charter sister ships at any of our worldwide destinations. Moorings Owners can cover more world-class cruising grounds in one year than it would take a private boat owner to cover in 5 years. This is taking into considering the private owner must sail the boat to each destination around the world. 

Level of Experience

Maybe you are a confident sailor, but as every sailor knows, you can always be better. Perhaps one day you dream of becoming a full time live-aboard sailor, but you would really like some more sailing experience first. Owning a charter yacht provides the opportunity for boat owners to spend time in cruising grounds that are friendly to qualified but wanting to learn more sailors. Have a day skipper join to familiarize yourself with the area, or hire a skipper for the whole trip to learn something new. Because our owners can charter other yachts of similar size in the fleet, take the opportunity to try out a few different yachts for size to determine the perfect yacht for you.

After 5 - 6 years in the charter fleet, you are no doubt going to be a more seasoned sailor. After your yacht is phased out of the charter fleet and if you've gained the confidence you need, you can take your yacht on longer, more challenging passages. 

While you can make some challenging passages as a Moorings Owner, you certainly will not be sailing from Bermuda to the Azores. And if this is what you desire to do the moment you buy a boat, then private ownership might not be your chosen path. Or, buy a charter ownership yacht, make guaranteed income for 5 years while sailing your boat and sister ships around the world, then take your boat anywhere in the world after she phases out of the charter fleet. 

Using the Yacht

To maintain a positive level of satisfaction in life, every sailor has an internal clock of how long they can go without being on the water. Some people must live on a yacht because they can't stand life on land. Alternatively, some people can get by if they can spend one week a year sailing somewhere stunning. Or maybe you fall somewhere in between. If up 12 weeks a year on the water will satisfy you, then maybe owning a yacht through an ownership program is right for you. Don't have time for 12 weeks a year? That's okay, you can sell some of your owner's time. Alternatively, if you have very specific requirements and can't use short notice bookings, and prefer to go during high season, then your owner's time will not be a full the 12 weeks.  Follow this link for more information on owner's use. 

Affordability

Another factor that plays a role in owning a yacht is deciding what you can afford to buy. Sure, we would all love to have a beautiful new cruising catamaran under full warranty. But the reality is that for everyone, this is simply not possible. 

If you wish to own a new or used yacht, only to be sailed by you, then private ownership could be the right thing for you. If you wish to own a new yacht but would like to generate income at the same time to offset the cost of your new yacht, then charter yacht ownership could be the right thing for you. Owners in The Moorings Yacht Ownership Program receive a guaranteed income payment everything month-- no matter what-- that is worth more than the mortgage payment on their boat every month (based on 25% down). 

No matter what type of format you choose to own a yacht, at the end of the day we just want to see you out on the water! If you do feel that charter ownership is the right option for you, then look no further than The Moorings. Often imitated, we are the team who invented and perfected the yacht ownership program over 50 years ago.

Katie Campbell

A Beginner’s Guide to Chartering a Yacht

By Chrissie McClatchie

With the pandemic driving a boom in superyacht charters , more and more people are taking to the water for their first yachting experience. But while some superyachts can cost more than a million a week to charter, you don’t need to outlay seven figures for your own yachting vacation.

Wondering what else you need to know before stepping on board for the very first time? We’ve turned to experts in the yachting industry for their insider intel on how to charter a yacht like a pro—from how much it will run you, to where to go, and well beyond. Read on.

Do I need a charter broker, and how do I find one?

It’s a charter broker’s job to match you with the right yacht and crew—and then take the lead in planning the entire experience. Professional bodies such as MYBA The Worldwide Yachting Association act as a database of industry-recognized professionals. But the best source for finding a charter broker is often your own network. “Building up a relationship with a charter broker is very important,” says Jacqui Lockhart, a Monaco-based broker at Camper & Nicholsons International . “If possible, look for a recommendation from a friend.”

Once you’ve found the right broker, communication with them will be key. “Take the time to be as detailed with your preferences, such as dietary requirements, likes and dislikes, and preferred activities, as possible,” says London-based broker Charles Crane of Edmiston . “This will give us and the crew the best information to make the charter a success and tailored to perfection.”

How much should I be prepared to spend?

“The entry point is around $40,000 for a week on a yacht 82-feet upwards that can sleep six people," says Lockhart. What can take first time charterers by surprise is that this isn’t an all-inclusive figure. “The charter fee covers the hire, the crew, the insurance—everything that’s linked to the yacht,” Lockhart continues. Anything specifically for the client is extra—including food and beverages, fuel, and dockage. As a rule of thumb, budget for an extra 30 percent on top of the baseline charter figure for these extras, which goes into a fund known as the Advanced Provisioning Allowance (APA). At the end of the charter, it is also customary to tip the crew; between 10 and 20 percent of the charter fee is a guideline figure. There may also be Value Added Tax (VAT) to pay on the charter rate, depending on the country of embarkation.

At the smaller end of the charter fleet, more opportunity exists for single-cabin bookings rather than whole yacht charters. This year in the Caribbean , Sheila Ruffin of Soca Yacht Charters has launched a “Stranger on the Seas” package. Prices start at around $6,000 per person—all-inclusive—on catamarans between 48 and 60 feet. “This allows couples the opportunity to mix and mingle with other couples for an adventurous and social yacht charter on the Caribbean Sea,” says Ruffin.

What destinations are best suited to first-time charterers?

“For first-timers, I wouldn’t recommend a remote destination,” says Captain Kelly Gordon of Freddy , a 106-foot charter yacht based out of the Bahamas . “When it’s hard to get to, that eats up some of your valuable time and can also take some of the fun out of it.”

While yachts are heading towards unchartered waters such as Antarctica with increasing frequency, cruising grounds in the Mediterranean and the Caribbean are classic destinations for a reason. “For the first-time charterer in these locations, there will be more yacht options to choose from, proven cruising grounds with known and safe anchorages, well-connected and easy access hubs to ensure smooth passage to embark and disembark the vessel as well as the ability to source most provisions that guests may want,” says Crane.

The key ingredient? The crew.

Although much of the focus is on securing the right yacht, the secret to the success of a charter is its crew. “Put simply, the crew make the difference between a good charter yacht and a bad one,” says Crane. Today’s crew are increasingly versatile. “They may also be a diving or yoga instructor, personal trainer, fisherman, or sommelier,” he continues.

The crew also knows your cruising area better than anyone else. “Be sure to pick their brain on fun things to do. They often love the opportunity to come up with fun activities and games, whether for kids or adults,” says Lotte Barker-Hahlo, a London-based charter broker at Burgess .

The level of hospitality from crew on most yachts often convert first-time charters into repeat customers. “The attention to detail from the crew is unsurpassed by any other luxury holiday,” says Barker-Hahlo. “From the unpacking of your suitcase to being offered a drink before you’ve even realized you’re thirsty, it’s 24-hour care and service.”

Gordon says that much of the feedback she receives at the end of a first-time charter is why didn’t we do this earlier? “People are always surprised at how we take the time to get to know their needs before they have even arrived. We really do study those preference sheets!”

Think carefully about who else you want on board

Another important factor to a successful yacht vacation? Your fellow travelers. This is a specific type of vacation, which should narrow your list of invitees. “Strongly consider who you vacation with when chartering a yacht,” urges Ruffin. “Unlike other vacation options, yachts are very intimate and exclusive. Choose to share your water adventure with those you like and will enjoy on the water for a week or more.” Maybe, even for veteran yachties, that's the sagest advice of all.

Essential Guides

Ocean Mapping

New to Yachting

• Jan 21, 2021

A luxury yacht job offers a rewarding career and plenty of perks, whether you work on a private yacht or a charter yacht. However, there are some distinct differences to working as crew on these two types of vessels.

In a private yacht job, you will be working on a yacht used only by the owner and their guests. On a charter yacht, you'll be working on a boat that is chartered primarily by families for luxurious vacations, as well as by corporations for business use or special events.

Private yacht jobs and jobs on charter yachts both offer crew a different experience, from the way the yacht is run to their cruising programme. The type of vessel you work on can even impact your earning potential.

Before you start looking for a luxury yacht job, you should first determine what type of yacht is best suited for your skills and experience. Keep on reading to learn about some of the key differences between a private yacht job and working as crew on a charter yacht.

Private yacht job v charter yacht

Earning potential

While salaries are typically the same on private yachts and charter yachts, those working on a charter yacht can earn more as they will typically receive a gratuity at the end of each charter, which can be up to 20 percent of the charter price. However, some private yacht jobs can include generous end-of-year-bonuses or seasonal bonuses and may even offer benefits, such as health cover. It's also important to remember that tips are never guaranteed on a charter yacht.

You may have higher earning potential on a charter yacht, but you'll find this likely comes at the sacrifice of having less time-off to enjoy. Charter yachts are often booked solid through-out the popular yachting seasons, giving crew very little time off. A busy charter will find crew working round the clock. However, with a private yacht job, you may enjoy a less hectic schedule as the yacht will only be active when the owner chooses. This often means the crew spends more time at dock where they will typically work a standard 9-5 day maintaining the yacht.

Working as crew on both a charter yacht and private yacht offers the opportunity to travel the world. Typically charter yachts tend to be more limited in where they travel. They often cruise to popular yachting destinations for each season. For example, charter yachts are often based in the Caribbean for the winter and the Mediterranean in the summer. Private yachts go wherever the owner fancies, which means crew may have the opportunity to explore some of the world's remote and least visited destinations, anywhere from Antarctica to the Galapagos Islands, if the yacht's owner is adventurous.

One of the key benefits of a private yacht job is that you will get to know the yacht's owners (and any regular guests) likes and dislikes, enabling you to offer personal touches that ensure an exceptional level of service. Indeed, working on a private yacht enables crew to exceed expectations more easily, which can be immensely satisfying. Some crew will work for the same yacht owner for a significant period of time, developing a working relationship that can lead to a satisfying career. Of course, every private yacht owner is different and will place different demands on their crew. A charter yacht will have a regular roster of guests, meaning the yacht crew must think on their feet and anticipate their guests' needs. Every single trip is different on a charter yacht, so this type of vessel is an excellent option for those who want more spontaneity to their yachting career.

Whether a private yacht job or a charter yacht job is right for you comes down to personal preferences. While some like the non-stop action of a charter yacht and the chance to earn more, others prefer the greater predictability and less hectic schedule that comes from working on a private yacht. If you're searching for a yacht crew job, be it aboard a private yacht or a charter yacht, then contact a YPI CREW agent today.

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Tips Ahoy! Crew Tips on Luxury Charter Yachts

August 26, 2013 By Julie Perry

If you are watching Bravo TV’s Below Deck , then you’ve obviously followed the Honor crew’s weekly anticipation of their charter-tip money—and in many of the episodes, even their overwhelming disappointment in how that played out (or rather, paid out). It has raised a lot of questions among fans within social channels, including one of the most common I’ve seen: what is considered a “good” tip for a charter-yacht crew similar to Motoryacht Honor’s?

Tip distribution time on Bravo TV’s Below Deck. Photo Credit: www.BravoTV.com

Good base salaries and no expenses—those are big benefits for yacht crew working in the superyacht industry. But indeed, where you can make an even bigger financial score is with guest tips on yachts that charter.

In my book, The Insiders’ Guide to Becoming a Yacht Stewardess , I devote an entire chapter to discussing yacht-crew benefits and what is to be expected when one goes to work on various categories of luxury vessels. This overview includes private-only yachts vs. charter yachts , sailing yachts vs. motor yachts , and even what is to be expected among the various types of employment—from freelance crew to full-time crew , and the increasingly common rotational-crew opportunities.

(That’s all in Chapter 2. Meanwhile, you can download Chapter 1 for free now to learn all about the luxury yachting industry: who owns superyachts, how much they cost, and what type of people own vs. charter them.)

Indeed, tip money on heavily-booked charter yachts can equate to boatloads of extra cash for the crew. Just not always.

Essentially though : On charter yachts like Bravo’s Honor, when the owners are not using the boat, other guests can pay a fee to use the vessel for what is usually one to two weeks at a time. (Not to say that 3-6 week charters aren’t also common.) Now here’s a big benefit to working on this category of boat: Charter guests usually tip 10–20 percent of the charter fee to the crew, which can be between $1,000–$4,000 per crewmember for a week, on top of their healthy salary!

This means that, even for entry-level crew who start out at a $30–$43K base salary, if you can land a job on a charter yacht, you could earn an additional income of $10–$20K a year in crew tips… In fact, I once made $18,000 in tips in one summer Mediterranean season alone!

Just think: If the boat you work on costs $25,000 a day to be chartered, and you have the guests onboard for, say, 10 days, then that means they paid $250,000 to rent that vessel. And that’s before paying for food, fuel, and docking fees; but tips are factored on the base fee. Even if they only tip 10 percent, that’s $25,000. If you have a crew of 10, when the tip is divided equally, you EACH receive $2,500 in tips on top of your salary… All for 10 days of work (albeit hard work and incredibly long days).

There is one small hitch, though. And this is perhaps something the Honor crew needed to be more realistic about when criticizing even the lower end generosity of their charter guests:

I don’t want to give any false illusions that tips are guaranteed, nor do I want you to think they will always be super generous. I’ve received tips that sent me into shock (big ones), and I was tremendously let down on a few occasions.

Try the outcome of a 42-day charter that cost the guests well over a million dollars, but where my 12-person crew only received $2,500 each. When you think about it, that tip could have been upwards of $10,000-$15,000 per person. I will never forget our voyage back to San Remo the day those charter guests left us in Civitavecchia (Rome). No one on the crew spoke. In fact, no one spoke for over 24 hours. Call it shock, call it depression, call it “oh my gawd, why in the HELL do I put myself through this agony!?”… but like every other let-down in life, you move on. The charter after that lined our pockets with a 22% tip off a 20-day charter. So in the end, things evened out.

Let’s Ask the Experts

To give you the most accurate scoop, I decided to ask one of the top charter brokers in the business, Debra Blackburn Boggio of Fraser Yachts Worldwide , to comment on how guest tips are handled. A charter broker is the person who books and handles all the logistics of a chartered trip; he or she deals directly with the guests (or in most cases, the guests’ personal assistants).

My question to Debra:

“I know the topic of tips can be a sensitive one, but if you feel comfortable commenting, a common question I receive from people looking into this industry is about the additional compensation they might expect by taking a job aboard a heavily booked charter yacht. Is tipping guaranteed, is there a standard, and how does the effort a crew puts into a charter affect the gratuity that is given at the end of a trip?”

Debra Blackburn Boggio:

Debra Blackburn Boggio Charter Broker for Fraser Yachts Worldwide

“Tips are a touchy subject… We brokers recommend a guideline for tipping. Americans are a tipping nation, and therefore the standard of 10–15 percent of the charter fee is what we recommend. However, most countries around the world do not have a tipping environment. Therefore, these clients are not prepared to offer this level of tip, so they expect to offer less, and do. Also, as yachts are getting larger and more expensive, it becomes unrealistic to think that a charterer would spend $350,000+ expenses for a week aboard a yacht, and then give over $50,000 to the crew just as an extra thank you.

“Since a gratuity is a gift, it is absolutely at the discretion of the client, and no matter what we recommend, the client will still give what he or she feels is appropriate. In some cases that is 5 percent, in some it is 20 percent. A crewmember cannot expect a guaranteed 15 percent every time a charter is aboard. My advice to any new people in the industry is expect nothing, and whatever you get will be a bonus.

“Hard work is noticed. I recently had a charter client who told me, ‘The rest of the crew did okay, but so and so, the stewardess, went above and beyond, so we left her an extra tip.’ Clients are always watching. These are the most wealthy, successful people in the world. They did not get that way by being unaware of whom they surround themselves with…”

A big thanks to Debra for her expert insight. (That was pulled directly from Chapter 2 of The Insiders’ Guide to Becoming a Yacht Stewardess , by the way.)

From my experience working on a heavily booked charter vessel, while the tips can vary from 5–20 percent, we most often found they averaged out to 10 percent by the end of a season. Given that the charter fee was so high for our vessel, it meant a lot of extra money. With the tips I made in one season, I was able to pay off my college loans, have some money to play and shop in ports, and I never even touched the salaried income that was wired into my bank account each month by the owner.

In reality, a 164-foot Benetti megayacht like M/Y Honor charters for a LOT more money than what the participants on Below Deck were chartering her for. In reality, Honor is called M/Y Cuor di Leone, and she charters for between $25,000 and $35,000 PER DAY, depending on the time of season. That makes sense to me since she’s the sister ship to a vessel I worked on for over a year and a half. (You can read more about the original M/Y Honor, which was christened as M/Y Lionheart back in 1999, in this post here .)

But, the “guests” on Bravo’s television show Below Deck were able to vacation aboard this palace on water for well under what she would normally cost ( they got her for $50,000 for just the 3 day charter —a steal really, especially considering I know few megayachts that will charter for any length of time under 7 days). So viewers really shouldn’t look too closely at what these guests felt they needed to tip on a vessel of this caliber; I can assure you, they are not the same caliber of guests I recall being able to afford a vacation like this. Nor can I really say certain members of the crew probably earned a higher-end tip. For those who did, that sucks for them. But remember, it’s a team effort. You are only as good as your weakest member.

I wish the crew of Honor better luck in Season 2, where hopefully they’ll get members capable of more hard work and less attitude. Meanwhile, the REAL yacht-crew industry is keeping its fingers crossed that some members don’t stick around to make those hard-working professionals who respect their guests and take pride in their job/industry look bad.

Moral of the story: Tips are EARNED, kids.

August 26, 2013 at 9:04 pm

yes yes yes! I don’t understand why they are all so shocked at the time of pay out since the charters are so steeply discounted! It’s not the typical situation by any means.

I agree with you also about the crew for next season. More experienced workers to reflect well on the rest of us, please! Have fun tonight :)

August 28, 2013 at 12:36 pm

Thanks for the comment, Arielle! I suppose the non-experienced crew do make for more drama, therefore I understand where the “Below Deck” producers were coming from in wanting to get a good mix. On a positive note: Perhaps the juxtaposition of good crew behavior vs. bad crew behavior is what will make for a better training tool for “real reality”‘s crew.

I guess also for the purposes of the show, we shouldn’t expect that they’d be able to pull the true type of guest who’d normally travel aboard vessels like M/Y “Honor.” Maybe now that the show has exposure, more of those will come forward for Season 2. Not that I foresee THAT level of money wanting to put themselves out there like this (in other words, I doubt we’d see any Russian mafia, oil sheiks, or the type of industry tycoons who care more about shunning attention rather than attracting it), but I imagine there are some serious money characters out there who don’t mind this kind of spotlight. Case in point: have you seen “The Queen of Versailles” documentary? (good grief)

I’ve always felt that to realistically explore the upstairs/downstairs world of superyachting in a television format, you need to do it as a scripted drama. Reality shows are never truly reality for a number of reasons. And as you know, it is a fascinating subject to explore. To truly fit a “Downton Abbey”-esque comparison like how Bravo TV is spinning “Below Deck,” you need to witness more of the guests’ inside world. To me, that’s best done as a scripted drama. I imagine that would be ripe for a lot of social commentary, not to mention human character trait/interaction analysis.

I still can’t help feeling like this crew life juxtaposed with guests on these extravagant boats, traveling all over the world, is the most sure bet, killer idea for a show. Concept: It’s not about the wealth. It’s about the character of a person. On “Below Deck,” we pick up lessons in that by witnessing the crew. But I’d like to see more of the master-servant dichotomy explored. Then again though, I’m a “Downton Abbey” fanatic, so I’m looking at things through that lens. In the meantime, I appreciate “Below Deck” for the entertainment, and yes, as a training tool for current and future crew. From the crew tips perspective, the “Honor” crew didn’t fly the flag all that well, but hey, it teaches us a lot.

Thanks again for dropping by! I hope everyone checks out your wonderful blog over at http://www.LittleMermaidAtSea.com to read about your journeys as they’re happening! Such great perspective from someone out there experiencing this world and all its facets — good and bad.

August 28, 2013 at 6:43 pm

I totally agree about the scripted show idea! I’ve long felt the same way…

September 4, 2013 at 7:15 am

I never understand when crew complain about the tip they receive. They are still getting paid and it is their job to service guests whether they are owners or charterers. As a chef, a charter means more fun and being able to showcase the recipes I’ve learned and highlight the food. I love the added excitement of a charter. Victoria Allman Author of: SEAsoned: A Chef’s Journey with Her Captain

About Julie Perry

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Yacht classification definitions

The merchant shipping sector is ruled by safety regulations developed since the beginning of the 20th century, and is familiar with international conventions such as SOLAS, MARPOL and Load Lines. But the application of common safety requirements to pleasure vessels is something relatively new – a continuous work in progress – and is very much dependant on the service and the flag of the yacht.

Defining the problems

Definitions do not help. How often have we read of large yachts, superyachts, megayachts, gigayachts or other bombastic adjectives? How many times have we mentioned MCA, RINA, and Lloyd’s, without having a clear idea of who’s doing what?

A good starting point for understanding the subject is to clarify the main definitions and the roles of the main players:

Large yacht

A large yacht is a pleasure vessel with a load line length equal to or over 24m. Almost all the flag administrations have adopted safety codes dedicated to large yachts and this is, therefore, the only definition having a universal meaning in the international regulatory framework of yachts.

Commercial yacht

A motor or sailing vessel in commercial use (i.e. charter) for sport and pleasure, carrying no cargo and not more than 12 passengers.

Private yacht

A pleasure vessel solely used for the recreational and leisure purpose of its owner and his guests.

Flag administration

The government of the state whose flag the yacht is entitled to fly . This administration sets the safety regulations, manning requirements and fiscal aspects relevant to the yacht registration.

Different flag administrations can inspect the safety aspects of yachts with their own inspectors (see MCA for example) or delegate this activity partially or totally to other recognised bodies such as the classification societies.

The main flag authorities in the yachting industry are: The UK-MCA, Cayman Islands, Isle of Man, Malta, the Marshall Islands, Italy and Luxembourg.

Classification societies

Organisations that establish and apply technical standards in relation to the design, construction and survey of ships.

Classification rules are developed to assess the structural strength and integrity of the essential parts of the hull, the reliability and function of the propulsion, steering systems, power generation and all the other features installed on board which contribute to guarantee the main essential services.

In addition to this ‘third party check’ function, class societies carry out statutory duties on behalf of the major flag administrations in accordance with specific delegation agreements signed with each government.

The main class societies involved in yachting are: American Bureau of Shipping, Bureau Veritas, Det Norske Veritas, Germanischer Lloyd, Lloyd’s Register, and RINA.

Large yachts: Applicable rules and certificates

Private yachts

The mandatory requirements for these boats are very light. For the majority of flag states, a registration survey and a tonnage measurement, carried out by an authorised surveyor, are sufficient.

The only mandatory international conventions are those relevant to the marine environment: MARPOL and the Anti-Fouling System Convention.

The International Convention for the Prevention of Pollution from Ships (MARPOL) is intended to eliminate the intentional pollution and to minimise the accidental pollution of the marine environment caused by harmful substances.

The Anti-Fouling System Convention’s purpose is to eliminate the presence of harmful substances for the marine environment contained in anti-fouling paints applied to ships.

Classification

While classification is not mandatory, building and maintaining a private yacht in class is the only evidence that the boat has been designed, constructed and operated in compliance with appropriate technical standards. It is therefore highly desirable, especially in relation to insurance and re-sale purposes.

Commercial yachts

All flag administrations require commercial yachts to be certified in accordance with a specific large yacht safety code.

The most popular of these safety codes, and the first that was developed, is the MCA Large Commercial Yacht Code (LY2) published in 2004. It replaced the Code of Practice for the Safety of Large Commercial Sailing and Motor Vessels (LY1) published in 1997.

LY2 is applied by the Red Ensign Group Flags (UK, Cayman Islands, Isle of Man, Bermuda, Gibraltar, British Virgin Islands, etc.) and is recognised as a reference standard for all the yachting industry.

Other flags have developed similar codes. Luxembourg, Italy, Marshall Islands, Malta, Belize and The Netherlands are some examples.

While introducing a stricter set of rules and regulations compared to private yachts, commercial registration offers yacht owners the possibility of making a profit from the chartering activity of their boats, and allows them to take advantage of all the other benefits of a commercial operation (in particular VAT exemption on the purchase, sale, bunkering, provisions, dry-docking, and others).

Mandatory certificates

The number and type of the mandatory certificates depends on the size of the vessel; the following is an indicative list:

• International Tonnage Certificate : A measurement of the internal volumes of the yacht expressed in gross tons (GT). This measurement should not be confused with displacement tonnage, which quantifies the weight of a vessel.
• Large Yacht Code Certificate : Covers life-saving appliances, fire protection and means of escape, navigational and signalling equipment, intact and damaged stability, manning and crew accommodation.
• Class Certificate : This mainly deals with the yacht’s hull, machinery, electrical equipment and outfitting.
• International Load Line Certificate : This certifies the weather-tightness of the yacht.
• Safety Radio Certificate : This is applicable if gross tonnage exceeds 300GT This concerns the radio communication and distress installations.
• MARPOL Annex I Certificate : This is applicable if gross tonnage exceeds 400GT This deals with the disposal of oil and bilge water from machinery spaces.
• MARPOL Annex IV Certificate : This is applicable if gross tonnage exceeds 400 or the yacht is certified to carry over 15 persons. This deals with the disposal of sewage from ships.
• MARPOL Annex V : This is applicable to all ships. It covers the disposal of rubbish.
• MARPOL Annex VI : This is applicable if gross tonnage exceeds 400GT as well as to all main and auxiliary engines with a power exceeding 130kW. It concerns the emissions from main and auxiliary engines (NOx and SOx).
• Safety Construction and Safety Equipment : These are additional prescriptions on machinery, electrical parts, life-saving and navigational equipment for yachts with a gross tonnage above 500GT.
• International Safety Management Certificate : This is only applicable to yachts having a gross tonnage greater than 500GT. A certified management company is requested to carry out this service, preparing operational manuals, procedures for drills, and taking care of the maintenance of the yacht and its installations.
• International Ship and Port Security Certificate : This is only applicable to yachts having a gross tonnage greater than 500GT and deals with the anti-piracy certification. A certified management company is requested to provide the ashore assistance and establish on-board procedures and operational manuals.

The GT Factor

The gross tonnage value (GT) is a key issue, not only as a reference for the registration fees applied by the different flag administrations, but also because it determines whether an international convention, rather than a particular safety standard, applies to a yacht.

The table below summarises how the conventions and relevant certificates come into force depending on the gross tonnage of the yacht. In particular, the following values may have a critical impact:

300GT: In many codes, when you reach this value the yacht must be certified in unrestricted service (stricter requirements regarding stability, load line and life-saving appliances).

400GT: This is the threshold for almost all the environmental conventions such as MARPOL and Anti-fouling System.

500GT: This is the threshold for the application of the SOLAS Convention, meaning stricter requirements on machinery, safety systems, materials of construction, fire protection, life-saving appliances and navigational equipment. Furthermore an external certified management company is requested for the ISM and ISPS certifications.

The tonnage issue could also arise on existing yachts when undertaking major refits or modifications, in that any change to the internal volumes of the boat – such as adding enclosed deckhouses or superstructures, or modifying the hull transom or bow – will modify the tonnage value with the risk of subjecting the yacht to stricter mandatory rules.

UPDATE: Since this article was originally published, LY2 has been superseded by Large Commercial Yacht Code Revision 3 (LY3) .

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How to Charter a Private Yacht

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The idea of chartering a private yacht to explore a tropical island or coastal destination sounds like a dream trip for many seasoned travelers. After all, those swanky vessels often include a wide array of amenities that make life at sea not only comfortable, but downright luxurious. In the past, such an experience was usually reserved for the extremely wealthy, but today that isn't necessarily the case. In fact, thanks to increasing demand, improved technology, a greater availability of ships, and a number of other factors, this style of travel is more within reach than it has ever been in the past.

If you've been considering chartering a yacht for your next vacation, but aren't sure how to proceed, we're here to help. This is our handy guide for how to make that happen, opening the doors to an entirely new way to see the world. Be warned: Once you've enjoyed life aboard a private yacht, it can be challenging to go back to other modes of travel.

What is a Yacht?

Before diving too deeply into the logistics of chartering your own ship, it is important to first start with defining exactly what a yacht is. The simplest definition is that a yacht is a ship that is designed for prolonged journeys by sea. These types of vessels are typically used for pleasure cruises, but some are also meant for racing. A yacht can range in size from small enough to accommodate just a few people to sprawling ships that can hold dozens, with larger versions typically requiring a full crew. Propelled by sail or motor, yachts can be found in just about every major body of water in the world.

What Does it Mean to Charter a Yacht?

Put simply, chartering a yacht means that you are essentially renting a ship for your own personal use for a designated time. Unlike going on a cruise, you'll have the ship completely to yourself and whomever you invite. You'll also be able to create your own itinerary, deciding where you go, how long you want to stay, and what kind of activities you want to do along the way. Chartering your own boat provides a sense of freedom that you don't get even with a small-ship cruise .

Getting Started: Choosing Your Destination

One of the first—and most important—decisions that you'll have to make when it comes to chartering a yacht is where to you want to go. Traditionally speaking, the two most popular locations for booking a private ship have been in the Mediterranean and the Caribbean, although these days you can find options for chartered yachts in just about every corner of the globe, including the South Pacific, Australia , Central and South America , and even the Arctic and Antarctic.

Where you decide to go on your aquatic adventure may also dictate when you'll go. For instance, many chartered yachts spend the summer months in the Mediterranean, then cross the Atlantic to the Caribbean for the winter. If you want to book a charter in either of those locations, you'll more likely to do so at those times of the year. Similarly, if the Arctic or Antarctic is on your agenda, you'll need to plan on a summer sailing excursion in the Northern or Southern Hemisphere respectively. While some destinations have yachts available all year round, the supply of ships may ebb and flow based on demand and affect pricing. Keep that in mind as you start to plan your trip.

Choosing a Type of Yacht

It is important to think of your yacht as your traveling hotel for the length of your journey. You want it to be comfortable, relaxing, and provide the experience you crave, while also keeping it within your budget.

After deciding on your destination, you'll want to consider the type of yacht that you want to travel aboard. There are many different styles of ships to choose from and the one you select will likely have an impact on your trip. For example, a sailing ship will offer a very different type of voyage from one that is propelled by an engine. Traveling under sail may be a bit slower, but is also less prone to mechanical failure. It may also allow travelers to visit certain locations where fossil fuel-burning vessels simply aren't allowed.

Similarly, the size of the yacht will be an important factor. If you're looking for a romantic, intimate journey for two, a smaller ship designed with heightened privacy may be more to your liking. On the other hand, if you're traveling with a larger group, you'll definitely need a ship that can comfortably accommodate everyone, with a little room to spare. Days at sea can lead to cramped quarters from time to time.

Planning Your Voyage

The versatility and freedom that comes with yachting is part of its appeal, and plans can be changed based on how the trip unfolds. But having at least a rough outline of what you would like to do on your vacation will not only lead to a more efficient use of your time, it will also help deliver the experience you're hoping to get.

If your goal is to simply relax aboard the ship and sail through a scenic destination, you can do just that without creating a complicated itinerary. On the other hand, if your trip includes regular shore excursions for sightseeing, shopping, and dining, more thought will have to be put into the schedule. If you'd also like to go diving and snorkeling , fishing , or whale watching , you'll have to discuss that with your captain and crew.

Should I Use a Charter Broker or Go it Alone?

Once you know where you want to travel and have a sense of the type of trip you want out on the water, it's time to actually reserve your yacht. There are a number of ways that you can do that these days, including using a charter broker or booking the ship directly yourself. Both options have their advantages and disadvantages, although often times it comes down to your budget.

By hiring a charter broker, you may end up spending a little more money, but you're also more likely to get a yacht, crew, and itinerary that matches exactly what you have envisioned for your vacation. Good brokers such as Worth Avenue Yachts , Frasier Yachts , and Ocean Getaways can make the entire experience a simple and straightforward affair, working with you to match you with the right ship and advise on where to go and what to do on your trip. It is also important to keep in mind that many yachts can only be chartered through a broker, which brings a level of safety and security to the process.

On the other hand, it is possible for travelers to book their own yachts directly, cutting out the middleman and potentially saving some money in the process. Using a website such as Ahoy Club or Yotha , you can search through available ships based on the destination and planned travel dates. However, this approach does tend to require more time and planning on the part of the traveler since you'll be handling some of the duties that would normally be taken on by a charter broker.

It is also possible to deal directly with a ship's owner or captain to charter a boat without using a broker or website. We would recommend using extreme caution with this approach as it could potentially leave you more exposed to being taken advantage of through unexpected additional expenses or outright fraud. Unless you have a good, solid connection with the yacht owner, we recommend sticking to more established and reliable chartering services.

Do I Need a Crew?

The size of the crew will often cause the price of a charter to go up dramatically. Some ships will not only include a captain and first mate to pilot the vessel, but a chef, personal wait staff, excursion guides, and others. Obviously, smaller ships will have fewer staff, which can affect—both positively and negatively—your experience.

It is possible to have just a captain onboard to navigate the vessel. In those circumstances, you'll become part of the crew, helping to prepare meals, assisting in sailing the vessel, and so on. This approach can save some money, but may not be the type of vacation you're looking for.

Of course, if you already know how to sail, feel comfortable handling the ship, and have the necessary boat licenses, you can also operate a boat yourself.

How Much Does Chartering a Yacht Cost?

When it comes to chartering a yacht, without a doubt the most common question is "how much does it cost?" Unfortunately, there is no easy answer to that, as there are a lot of variables that go into determining price. The most important of those variables is the size of the ship and the destination you'll be visiting. A small sailing ship chartered in the offseason in the Caribbean, for example, will cost much less than a large luxury yacht would at the height of the summer in the Mediterranean. The length of the voyage, size of the crew, number of ports of call, and the types of activities done en route will all figure into the price of a chartered yacht vacation.

That said, Ocean Getaways—one of the charter brokers listed above— indicates that on the low end, a chartered luxury catamaran in the British Virgin Islands starts at about $2,500 per person for a full week. This price includes all meals and an open bar, making it a reasonably-priced vacation for many people. The expenses can spiral upwards quickly from there, with motorized yachts climbing to $4,000 per person thanks to added fuel costs. If you jump into the "superyacht" category, the price can balloon to $50,000 a person for one week.

Many of the charters are all-inclusive, but it is important to read the fine-print on your contract to be sure. Some yachts will have added expenses; not all activities may be covered and you'll want to factor in a tip for the crew. Typically, tips are about 20 percent of the total cost of the charter.

What to Bring Onboard

As with any vacation, what you bring on your chartered yacht will largely be determined by the destination you're visiting. If you're going to a tropical locale and you like to travel light, you might not need much more than a swimsuit, T-shirt, sun hat, and a pair of flip-flops. However, if you're making a more adventurous journey into the Antarctic, you'll definitely want to bring a few more layers. When packing, simply bring clothing that is appropriate to the setting.

Once you're aboard your ship and settled into your cabin, you won't have to worry about repacking suitcases or lugging them from one hotel to the next. Unless your yacht specifically mentions keeping your luggage to a minimum, you'll have the freedom to pack a few extra items that you may have left at home in order to save space or weight. Provided you have room in your suitcase, why not bring an extra outfit or two? You'll likely appreciate the versatility that this style of travel affords.

Most modern yachts are nicely equipped with entertainment systems for watching television shows and movies. Some have well-stocked book shelves or even full libraries. You'll also find plenty of places to plug in electronic devices for recharging and you may even get wireless internet. While it is always nice to unplug while away from home, having things to distract and keep you entertained while at sea for hours at a time can come in handy.

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What are the rules for chartering a yacht in the USA?

By Editorial Team |   10 March 2022 2022-03-10

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The USA boasts some of the most diverse cruising grounds in the world, attracting superyachts from far and wide to its glittering shores. If you are keen to discover more about what this amazing country can offer for a yacht charter , there are some important factors to bear in mind first.

In this article:

Types of charters in the US

Crewed charters, bareboat charters, bareboat charter agreements, tax implications for the charterer, need more advice.

There are certain legal fundamentals of chartering a yacht in US waters which you may not be aware of. So, before you go ahead and book your superyacht rental in the United States, here’s what you need to know.

Without getting too bogged down in the legal minutae, simply put, yacht brokers operate two main types of charter agreements in the US; time/voyage (aka crewed or commercial) charter agreements and bareboat/demise charter agreements.

This type of charter agreement is operated for a specific  time or voyage . In general, the following applies;

• The yacht is deemed as being operated commercially
• The owner is considered to be carrying passengers for hire 
• The owner maintains primary possession of the yacht
• One contract agreement 

To legally operate crewed charters in US waters, the yacht must be; 

• US flagged, and
• Hold a coastwise endorsement 

To be eligible for a Coastwise endorsement, the yacht must either have been: 

• Built in the US, or if foreign built;
• Must be granted with a MURAD Waiver.

To be eligible for this waiver, a yacht must be more than 3 years old and owned by a US citizen or US entity (dependant on how it is structured)

Rules for crewed charters

• Can only carry a maximum of 12 passengers
• May not conduct commercial fishing, towing, salvage, or carry cargo for hire

The obvious benefit to crewed charters is that the owner is wholly responsible for the yacht throughout the duration of the charter.

These types of charters are similar to those you would undertake, say in the Mediterranean or Caribbean , in that you are renting a yacht with crew for a specific voyage or length of time.

All yachts that do not qualify under the commercial charter rules and wish to cruise in US waters are considered bareboat (aka demise) charters. 

This type of charter operates as follows;

• Applies to all foreign-flagged or foreign-built yachts not entitled to a MURAD Waiver
• Permitted to conduct charters in US waters, and between US ports
• The yacht is not legally considered as being used for commercial purposes

Rules for bareboat charters

• The charterer takes over the entire yacht without crew, therefore deemed to be operating as the owner for the duration of the charter
• The charterer is also responsible for the hiring of crew, in which the yacht's owner must have no involvement
• Two separate contracts are drawn up: one for hiring the yacht and one for the crew

In essence, a bareboat charter agreement’s main characteristic is that it places possession of the vessel in the hands of the charter party at the time the charter starts. In legal terms, this means the owner relinquishes “possession, command and navigation of the vessel” as to be “tantamount to, although just short of, an outright transfer of ownership.” 

The owner must also have no involvement in the crew selection, nor any ties to any company selecting the crew, which could be construed as enacting a measure of control over the yacht and thus contravene the rules of this type of charter.

The charterer in effect assumes all responsibility for the vessel and its activities – including an obligation to maintain or repair the yacht and return it in the same condition as it was at the beginning of their charter period. 

They are also responsible for crew selection and their remuneration for the duration of the charter.

Tax may also be due depending on the type of charter. For example, a yacht undertaking a crewed charter originating in Palm Beach, Florida will have no additional tax to pay. However, for a bareboat charter, tax will be liable at 7% of the value of the charter.

There may be other potential duties payable, which can vary from state to state. 

Overall, there are distinct benefits for chartering a US-flagged, or eligible, vessel. However, charterers with their heart set on a foreign-flagged yacht can still enjoy cruising the various destinations in the US, they simply need to understand the laws and what's at stake beforehand.

Planning ahead is key. This is where a good charter broker comes in, especially one with in-depth knowledge of the legal aspects of chartering foreign-flagged yachts in US waters.

If you need any further advice regarding booking a superyacht rental in US waters, then please reach out to a recommended yacht charter broker  who will be more than happy to help.

To compare the complete market, take a look at all luxury yachts available for charter in the USA . 

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Luxury Yacht Charters vs Cruise Ships

Why it’s time to consider a luxury yacht for your next vacation.

For most people, chartering a private yacht seems an unattainable dream- something that only the super-rich could ever afford. Most of us who dream of adventure and luxury at sea therefore settle for taking a cruise on one of the fancier liners. When we come into port we might look a little wistfully at the private yachts, but conclude that they would be too expensive to charter, too out of reach- even on our good incomes.

Todd Beechey founded OceanScape Yachts after having exactly that experience. While in Nassau on a cruise vacation, Todd and his wife wandered around the superyacht marina and dreamt of chartering a yacht one day- they even joked about winning the lotto. They concluded that it would be far too expensive, and thought it would remain just that- a dream, a fun conversation to pass the time on a sunny Bahamian afternoon. But the idea of chartering a yacht just wouldn’t let go.

So rather than leaving it at that, Todd decided to actually find out: How much is it to charter a yacht- and can luxury cruise ship passengers really make the switch to private yachts?

What he discovered-the secret that very few realize-is that  if a group of you are paying for the luxury experience on a cruise ship you could have actually all pitched together and chartered a private yacht instead.

And with more yachts flooding the market as the industry grows, the luxury yachting experience is becoming more affordable with each passing year.

Not only did Todd start chartering stunning yachts with his family and friends year after year, but the idea for OceanScape Yachts was born: the idea of making the extraordinary yachting experience attainable for people who had never imagined it was possible.

So, how expensive is chartering a yacht, really?

The luxury end of the cruise ship industry is undergoing a massive boom. We know that a great many of you are already spending at least $6,000+ per person on all-inclusive cruise vacations, which equates to $12,000 per cabin. We also know that lots of you are spending more than that again- in fact 34% of luxury cruise ship passengers are spending more than $7,000 per person. That’s a very good start towards a yacht charter vacation if you’ve got some friends who’d like to make the step up to luxury yachting.

It’s worth noting here that if you do travel as a couple and have no interest in travelling with friends or family, then the cruise ship option is a better option financially as you would have to absorb the entire cost of yacht charter on your own. (We’re not in the business of pulling the wool over your eyes.)

It’s when you travel with groups that things start to get very interesting on cost comparisons.

A private yacht has a license to sleep up to 12 guests, but at the smaller end 8 guests is more common, so let’s start with that to keep the comparisons realistic. If each person is spending $6,000 on a cruise ship vacation, you and your partner could raise $ 48,000 for a yacht charter by pooling your money together with just three other couples. (Of course, if you were to get a yacht with ten beds you could raise $60,000, and twelve beds you could raise $72,000 towards the cost of charter.)

Remember though, that while cruise ships tend to be all-inclusive or mostly so, on a private yacht you need to pay for food and beverage, fuel, berthing fees and tips on top of your base rate. That’s why OceanScape Yachts have an all-inclusive model available to keep costs transparent.

So let’s assume that using the eight-person model raising a total of $48,000 you can charter a yacht with a base rate of $32,000-with some money left over to pay for the extras.

What kind of yacht will we get for $32,000 a week?

I’m afraid you’re not going to get one of the ones you see on TV with a helipad and huge lap pool, but you will get a fantastic luxury yacht in the 80-100 foot range for that kind of money. As mentioned, it will probably have cabins for eight people, although the rare few will sleep up to 12.

In this size range the yacht will normally have two decks, a deeply comfortable main salon, dining areas and a larger master cabin. The yacht will carry a range of watertoys, AV equipment and will almost certainly have WIFI and flat screen TVs in all cabins. And of course, you’ll have a team of crew dedicated to you for the entire vacation- including the captain, stewardess and private chef.

If you put in a couple of thousand extra per person you can charter a yacht with a base rate of around $40-$45,000, at which point you can expect to get a larger, more luxurious yacht nearing the 100-120 foot mark, particularly on the older models. At this size of a yacht you will often get a Jacuzzi, a main deck master suite, larger deck spaces and an upper salon. You’ll also have a bigger crew, and potentially an extra cabin or two to bring the number of guests up and costs down. However, remember that berthing fees, fuel and tips will also go up with larger yachts, so take that into account when budgeting.

The total cost of your vacation on this size yacht will be in the range of $60-70,000 for the group- still quite comparable to the cost for that same group on a luxury cruise ship.

Why should I make the swap? What’s so great about private yachts?

We don’t mean to criticize cruise ships, but private yachts are another level of luxury entirely. The freedom is exquisite. You’ll speak to your captain each day about the itinerary, you can change your mind whenever you like, and above all, there are none of those awful orange boats bringing you back from a shore excursion when you’re simply not ready to leave. Don’t forget that the private yachts can get into the shallow anchorages and pretty marinas that cruise ships can’t hope to.

On a private yacht, the chef cooks just for you and your friends or family. They’re informed about your food preferences and any allergies, and the yacht is stocked with all your favourite things before you arrive. Each meal is served at a beautifully decorated table on deck and there are no buffet queues or complete strangers making small talk over dinner.

A yacht is an extremely private place to spend time with family and friends where the crew respect your personal space but are always discreetly on hand if you need anything. On a luxury cruise ship, much is made of the butler service, but that is restricted to your room, and when you’re roaming the ship you are just one of many hundreds of guests.

On a luxury yacht, the crew are dedicated just to you and no-one else, whether it’s the deckhand giving you another wakeboarding lesson, the chef grilling the fish you just caught for lunch, or the captain driving you to that nearby reef for a snorkel before breakfast. The stewardess or steward makes sure your cabin is always kept immaculate and keeps you constantly refreshed with food and drink. A yacht charter is all about freedom, privacy, superb food and wonderfully personalized service that cruise ships simply can’t match.

On a cruise ship, you’re just another number in the crowd. On a luxury yacht, you are the star.

Put it this way. You’ll never imagine making the switch back. Just ask Todd Beechey.

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Home ~ Resources ~ Cruise Ship vs. Private Yacht Charter

• Cruise Ship vs. Private Yacht Charter

Book a cruise ship or charter your own private crewed yacht… two very different vacations.

A Vacation on Your Own Private Crewed Yacht Visit remote beaches and islands that cruise ships and hotel guests never see. Wake up in a different pristine bay each morning. Enjoy breakfast in bed or watch the world wake up from the cockpit. Sail, snorkel, scuba dive, hike, explore ashore or just relax in a hammock. You set the pace, the itinerary and the day’s activities, day by day.

Dance under the stars on a beach after enjoying a fabulous dinner created by your personal chef, exactly to your preferences.

A Cruise Ship Vacation Passengers on a typical Caribbean cruise vacation sail with 1000 to 2000+ other people, from port to port, where they are greeted by throngs of merchants eager to make a quick profit and tour buses to take them to the same old sites. If you long to see the true beauty of the area, with just your friends, book a private Crewed Yacht Charter. It costs no more to have a yacht for yourself.

Remember, if you want to visit those duty-free stores, book your return flight from St. Thomas or St. Martin and you can spend your last day shopping at your own pace without the cruise ship crowds. As a savvy traveler, you might even get a better deal!

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Should I work on a private yacht or charter yacht as a chef?

There are always so many questions regarding private or charter yachts, especially starting out in the industry, which one do you go for? Which route do you take?

Everyone seems to have an opinion about working on charter vs private yachts. A yacht chef salary on each can vary considerably, which of course will sway your opinion on what sort of super yacht you want to work on. After all, who doesn’t want to be on a decent salary!

Read Also: Should I be a crew chef on yachts to enter the industry?

But there is more to it. Private yachts and charter yachts are run very different. Not only do they offer different cruising programmes, salaries and bonuses but they also often have a totally different vibe on board. And I don’t just mean with the crew. Sometimes guest interaction can be a totally different ball game too.

Let me explain…

Private yachts vs charter yachts

Private Super Yachts

Some of my favourite yachts to work on have been private yachts. Having that personal connection with the owners can really turn your job into an awesome one. Working as a chef certainly has it’s perks. It is not unheard of for yacht owners to like their chef so much, that they are whisked away in the private jet. Many go on to work at other land based estates or villas for the owners. While some accompany the guests on their other luxury vacations and continue working as a private chef.

Working on private yachts as a chef also means learning to know their preferences. As a chef, you get to know your guests intimately. You will know very quickly which foods and cuisines they love and which ones they don’t. Private yachts give you the time to develop menus perfectly catered for your guests. You can still surprise them with new and exciting dishes, but with the insider knowledge that you understand their palate.

“When you can make anything and everything you want because you know the owners will love it makes such a difference to any chef job”

Don’t get me wrong, sometimes it can be the opposite. The owners may want to eat the same dishes, with the same ingredients all the time. It’s then up to you to try and sway them to try new things, again if you can. Some yacht chefs love this sort of work. You can pump out the dishes almost on autopilot and use the crew to experiment on instead.

When working on private boats having the same owners can be a blessing. You can become very close to them and their friends and extended families.

Being present with them at every meal adds a personal touch. It shows that you really care about what they think of your food. Depending on the owners, this feeling of appreciation can go both ways.

Provisioning on a private yacht

Provisioning for a private boat is sometimes a lot easier as again, you know what ingredients the guests like. Private yachts have varied budgets for the galley. Some private yachts will be just as extravagant with the guests and crew food budgets. While others will really tighten the reins. There is no hard and fast rule on galley budgets for private yachts. It is worth clarifying this in your interview before you accept the job!

Which brings us to the money.

How much money does a private yacht chef make?

Do you make less money working on a private boat? Do private yachts still tip at all? I’m sure you have heard these sorts of conversations happening with other green crew over beers at the local dock bar. It’s normal to wonder what the average wages are as a chef on yachts. After all, we dedicate our lives to being at sea and away from our loved ones. It’s only fair to assume we get paid well for it.

A yacht chef working on a privately owned yacht does generally get paid a little bit less on the their monthly salary over someone on the same sized boat working charter. However… and this is important … A yacht chef on a private yacht may not be under the same workload as a charter yacht chef. Furthermore, a yacht chef on a private boat may also be privy to more lenient downtime, or more accrued leave on their contract. And that’s without even discussing possible rotation!

Private yacht chef owners and their quirks

If you are on a smaller private yacht, say, under 70m, often the guests will communicate better with the chef. You might be informed of parties and additional guests well in advance so you can plan. Or you may have your owners trip dates planned months ahead too. Of course, you may end up on a private yacht where the owners do not communicate much. Or who show up with a few hours notice and expect a sit-down lunch for 25 of their closest friends. You win some, you lose some.

Every private yacht owner is different, and their preferences and diets are also varied. With private yachts, you will know during the interview process how the boat will be run. From there you can decide if the programme and preferences are your sort of vibe or not. If it’s not, there will no doubt be another private yacht owner who is better suited.

Niche chefs will most likely be more interested in working for a private yacht owner. If you are a specialised chef in certain cuisines, such as Jewish, Vegan, Russian or Middle Eastern, you may prefer an owner who also enjoys those cuisines frequently.

Private yachts are known to be the ‘safer’ option. But this is not always the case. A lot of chefs love the element of surprise and to show their creativity more. So this leads me nicely onto charter yachts. 

Charter Superyachts

I have worked on some awesome charter yachts, but like any yacht they have their positives and negatives. A good charter yacht is a totally different world in yachting. Working on a charter yacht as a chef can be one of the most rewarding jobs you can do. Why?

Because, every, single trip is different!

This is the fun, most spontaneous part about working on a charter yacht. 

“You get that buzz, that anticipation that element of surprise every single time a new guest steps on board”

I actually find it quite thrilling when a guest steps on board and you only have the vague guest preference sheet to go off. Sometimes it can be the worst thing in the world, not knowing. Other times, it can be great because you are able to guide the guests into the charter experience that works best for you, and for their enjoyment.

The big questions are : Are they going to throw spontaneous parties?. Will they want beach BBQ’s daily?. Do they like small courses and lots of them or do they prefer a family style buffet dinner?

The list is endless, and it feels like a really difficult jigsaw puzzle to figure out at times. But when it all comes together, you will be riding that buzz of working the charter season to the end!

Charter guest preferences

The most important thing to have pre ready for any charter is a detailed preferences list, what the guests like and don’t like, because this is what you will base all of your dishes on. If you don’t have this, then the worlds your oyster- but not in a good way because you can plan all these wonderful meals and then have them come to you saying they don’t like caviar (as an example, and that is a real punch in the stomach)!! As you can guess this can be extremely stressful for any chef, so getting a DETAILED preference list is with utmost importance. 

Sometimes and actually quite often they have surprise guests turning up, or even guest switching mid trip (you may be lucky enough to get a pre warning about this, and you can get their preferences but not always) so this can throw a curve ball in and you have to think on your feet. 

Every meal is a chance to show what you can do, to show your creativity and really have fun and show all your skills with every dish you make. Some chefs love to do Michelin star like dishes, whilst others love to do more buffet style (especially if it’s a family or a chilled lunch) and also you can do live cooking shows – personally these always go down well with ANY guests I’ve ever had.

Charter yacht chef table service

I’ve also found that charter guests love to see the chef at every meal, they love to see the person behind the beautiful dishes they are receiving. 

Going out and seeing them to talk over your next meal ideas, or seeing what their plans are for activities so you can plan the type of lunch they would like I think is a bonus for them and also for you, you can plan more, which again is key. 

Be prepared for a random, spontaneous request at anytime. Often this is a birthday they forgot to tell you about (or 3 birthdays at one time- yes I’ve had this), or a 2am feast after they’ve got in from the nearest town (Be prepared to get out of bed anytime!) this can be tiring and overwhelming, and you may not get your 6 hours sleep every night, let alone have a break in the day. But being prepared for this and knowing that there will be times like this, eases the stress when it does happen, because it will! After all its charter and the charter does end eventually. 

So, how much does a charter yacht chef make? How big are those charter tips, really?

You may have heard that crew on charter yachts get tipped really well. You may have even heard the stories about certain yacht crews getting upwards of twenty thousand Euros for a charter. And while some of these stories are true. (Yes, I can vouch for knowing of a 20k+ tip) many are also inflated by other green crew wanting to sound “cool”.

A usual charter tip is around 10% of the charter cost, minus additional expenses from the APA.

TIPS ARE NOT GUARANTEED ON A CHARTER BOAT!

I cannot stress this enough. So many crew come on board a charter yacht thinking they have hit the big time and they they will walk away with full pockets from the tip. Be mindful that a tip is exactly that. Do not relay on it to bump up your wage.

Do not accept a low paying job on the basis that “We did 2375754 charters last season and the crew made millions”. #rolleyes

You should get between 700-2000Euros as a tip on yachts below 60m as a “bad” tip, and upwards of 2k for a week where you have happy guests who are also good tippers.

Yachts over 80m can easily get 5000Euro tips per week, but again, it is never guaranteed….

How to write an amazing CV to land you the best job possible in the industry. Buy your CV through our partners Superyachtcvs and ask about their chef websites.

So, should you work on a private or charter yacht?

Comparing charter and private is quite hard, because they really are so different depending on the guests or owners you have. Also the crew plays a massive role in this too.

I stand by saying that having a great crew around you is one of the MOST important aspects about working on any yacht, private or charter. Team work is key!

Working on a private yacht has a very different list of demands to working on a charter boat. Both can be tough, or easy, depending on your skills. Honestly, I think all yacht chefs should try and work both sides in their yachting career, just to get a taste for it.

What do you prefer? Private or charter?

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Private vs. Shared Charters

Mana cruises’ offers private & shared charter options.

View our Availability of a Private or Shared charter available everyday out of Ko Olina – and now out of Waikiki !

To define each:

Private Charter : Our Private Charter options provide a chartered yacht for up to six passengers , with a Captain and Mate included.  All Private Charters are at a set rate, no matter the passenger count (up to six).  Private Charters allow guests more flexibility with the day’s schedule and activities. Private Charters are most popular with couples and families and also includes our drink and menu services.  Yacht rentals are not a service that we offer.  Check out our videos below to learn more about the benefits of Private Yacht Chartering on Oahu.

Shared Charter :  Our Shared Charter is a shared cruise for up to six passengers , with a Captain and Mate included.  These Shared Charters are provided at a “ per person ” rate, and allows guests to experience a private type trip with other guests.  Shared Charters are less customizable than our Private Charters but still offer great activities guided by our Captain and Mate.  These Shared Charters do also include our drink and menu services.  Check out our videos below to learn more about the benefits and differences of Private and Shared Chartering on Oahu.

There are several benefits to doing a private charter versus a regular shared charter:

Privacy: A private charter allows you to have the entire boat to yourself, which means you can enjoy complete privacy and solitude while you are sailing outside of Ko Olina or snorkeling off of Waikiki. You won’t have to worry about sharing the boat with strangers, and you can plan your day without having to worry about disturbing others.

Customization: You have the opportunity to customize your trip to your specific needs and preferences. You can choose the music, the length of the trip, the activities you want to do, and even the menu for your meals.

Flexibility: With MANA, you’d have complete control over your schedule. You can change add-on that extra hour to catch the sunset, and you don’t have to worry about coordinating with other people.

Luxury: Private yacht charters often offer a higher level of luxury than shared charters. You can expect to find more luxurious amenities and better quality service on a private yacht charter.

Safety: A private yacht charter allows you to have a smaller group of people on board, which can make the trip safer and more enjoyable.

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How to operate a yacht: private versus commercial

• Primarily the health and safety of all onboard;
• The proper maintenance and upkeep of the yacht, tenders, machinery in good working order;
• Compliance with any insurance warranty that may invalidate the yacht’s insurance if breached;
• The avoidance of litigation in the event of an accident or incident involving the yacht and its tenders;
• The avoidance of detention by Port State Control in the event of non compliance.
• International Load Line Convention (yachts over 24m);
• International Convention for the Prevention of Pollution from Ships (MARPOL / annex I oil, annex IV sewage, annex VI air for yachts over 400GT, annex V garbage for yachts over 100 GT);
• Ship Oil Pollution Emergency Plan (SOPEP);
• International Safety Management Code (ISM) ( for yachts over 500 GT but mini ISM required under Red Ensign flags for yachts over 24m engaged in trade);
• International Ship and Port Facility Security Code (ISPS) (for yachts over 500 GT);
• International convention on the control of Harmful Anti-Fouling system on ships;
• SOLAS Conventions (construction, life saving appliances, radio, navigation, maritime safety / part of the convention is applicable to yachts);
• Colregs Convention;
• Maritime Labour Convention (MLC) (for commercial yachts over 500 GT but advised to comply for all commercial yachts on a lighter level);
• Ship Energy Efficiency Management Plan (SEEMP);
• STCW 1995 (for commercial yachts / Crew certification);
• Classification Society Rules and regulations.
• Hull & Machinery;
• P&I or Third party liability;
• Crew medical and accident cover;
• Machinery breakdown;
• Total loss;
• Fixtures and fittings;
• Personal effects;
• Tenders and water sport toys;
• Third party liabilities;
• Personal Accident;
• Medical expenses;
• Charter activities for commercial yachts or private yachts with limited autorisation to charter;
• Ancillary items (such as art works, helicopters etc);
• Small pleasure yachts usually have a Hull &Machinery policy which include Third Part liability risk.