Luxury On The Water: What To Know About Yacht Chartering

Types of Yacht Charters

1. Bareboat Charter: If you’re an experienced sailor and love the thrill of navigating your own course, this is for you. A bareboat charter means you’re in control of everything, from steering to anchoring, and it can be a cost-effective way to hit the water.

2. Crewed Charter: Want to sit back, relax, and let someone else handle the details? A crewed charter includes a professional team to handle sailing, cooking, and cleaning. It’s perfect for those who want a hassle-free, pampered experience.

3. Cabin Charter: This option lets you enjoy the luxury of a yacht without booking the whole vessel. By renting a cabin on a shared yacht, you can still enjoy the high seas but at a more accessible price.

4. Luxury Charter: For those who want it all, a luxury charter offers fully staffed yachts with a captain, chef, and crew. Expect top-tier amenities like jacuzzis, gourmet kitchens, and water toys, making this the ultimate indulgence.

What Affects the Cost of a Yacht Charter?

1. Size and Type of Yacht: The bigger and more luxurious the yacht, the higher the price. Motor yachts, catamarans, and sailing yachts each have their own pricing structures, with motor yachts generally being more expensive due to their speed and amenities.

2. When You Go Timing is everything. Prices peak during summer in the Mediterranean or winter in the Caribbean, while travelling during the off-season can save you money.

3. Where You Go Dream destinations like the French Riviera or the Bahamas tend to come with higher price tags. Exploring less tourist-heavy locations can offer better value.

4. How Long You Stay Charters are usually priced per week, but you can sometimes arrange shorter trips. Longer charters may offer discounts, so it’s worth considering an extended voyage.

5. Extras

   • Advanced Provisioning Allowance (APA): Typically 20-30% of the base cost, the APA covers expenses like fuel, food, drinks, and docking fees. Any unused funds are refunded at the end of the trip.

   • Crew Gratuities: A tip of 10-20% of the charter fee is customary for exceptional service.

   • Taxes and Fees: Don’t forget to factor in local taxes and VAT, which vary by destination.

How Much Should You Budget for a Yacht Charter?

• Bareboat Charter: From £1,200 to £8,000 per week, depending on size and location.

• Crewed Charter: Starting at £8,000 and going up to £40,000 or more per week.

• Luxury Superyachts: Prices can range from £80,000 to over £800,000 per week for the most extravagant vessels.

• Cabin Charter: Rates start at around £800 per person per week.

Top Tips for Your First Yacht Charter

1. Use a Trusted Broker: A good yacht broker is like a personal concierge. They’ll help you find the perfect yacht, navigate contracts, and make sure everything goes smoothly.

2. Book Early: The best yachts are in high demand, especially during peak seasons. Planning ahead ensures you’ll have your pick of the finest options.

3. Know the Fine Print: Make sure you understand the terms of your contract, including cancellation policies and insurance details.

4. Think Beyond the Base Price: Remember to factor in APA, taxes, and gratuities when setting your budget.