It's an exciting job to plan a yacht charter, but it's also a challenge–especially when you start estimating costs. Yachts have a base price, which is the boat rental weekly rate. But apart from the base costs, what other expenses are charterers required to pay, such as food / drink, local taxes or fuel? The good news: The fundamentals of pricing yacht charters are easy to grasp. And this can help you estimate the cost of your next once-in - a-lifetime vacation more accurately.
Structure of the yacht charter price: "all-inclusive" vs "plus costs"
Two types of crewed yacht charters are available for you in the yachting world–charter experiences "All-Inclusive" and "Plus Expenses." How exactly do those terms mean? Here's a quick look:
- All-inclusive yacht charters–some charters (mostly catamaran and Virgin Islands monohull charters) offer all-inclusive rates. It means that prices are based on the number of visitors, including all costs of food and beverage, water sports, and gas. Normally, however, dockage and taxes are charged separately.
- Prices for larger motor yachts do not include running costs, which have to be charged separately. The base price is only for the yacht for these luxury charters. Additional charges are charged separately, i.e. food, bar, gas, dockage, port taxes and other fees. The operating costs are most commonly covered by an Advance Provisioning Allowance, or APA, which is usually 35% of the base price; this is an amount paid before chartering.
Looking at a private yacht charter's total cost
Looking at a private yacht charter's total cost, you will often find it considerably less costly than a similar land-based holiday. What else can you equate to your own floating palace's luxury? Private yacht charter is much more enjoyable than staying in a hotel and your package is customized to your particular tastes and needs. Do not follow the crowd and let your broker help bring your holidays to the next level. We have listed some price comparison examples below, and you can understand how to make the most of your contract.