the yacht week cost

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Revealing The True Cost of Yacht Week Croatia

• August 11, 2023
• 8 minute read

Dreaming of setting sail in the Mediterranean, swimming in sparkling blue waters, and dancing in outdoor clubs on private islands? The Yacht Week Croatia is an iconic, super fun event that draws thousands of people each year – but the Yacht Week cost can be overwhelming for some before they understand their options. 

The Yacht Week Croatia (the original Yacht Week route!) is on many, many people’s bucket lists. When I sailed with The Yacht Week Croatia, we had guests from as far away as the U.S. and Australia flying to Croatia to attend the event. If you’re dreaming about spending a week on the water, but aren’t sure how to start budgeting, I’m here to help you plan your Croatia Yacht Week adventure. 

We set sail with The Yacht Week in Croatia in July 2023 – and despite the amount of research I did in advance, very few articles or budget breakdowns mentioned the true extent of the Yacht Week Cost. The Yacht Week boat fee is JUST the start – there are lots of hidden fees ! So how much does The Yacht Week cost, really? Let’s get into it with my detailed budget breakdown. 

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When is Yacht Week Croatia? 

The Yacht Week happens every summer – it’s the most iconic (and the original) rent-a-yacht-and-party experience in the Mediterranean. The Yacht Week runs what they call several different “routes,” meaning they sail in a couple different locations (more on that below). However, Yacht Week Croatia is the “original route” – and the one many people pick for that very reason. Each year, Yacht Week runs seven day routes from May to August . 

There are other Yacht Week routes. Nowadays, Yacht Week runs routes in Greece, Turkey, and even Tahiti! You can find a full list of their destinations here . However, the original route? That’s Yacht Week Croatia.  

How much does Yacht Week cost?

Most people know The Yacht Week costs a pretty penny – but just how much does it cost? 

The Yacht Week cost depends on several factors:

• Do you want a cabin on a boat, or will you rent out an entire boat with your group?
• If you do plan to rent out your own boat, how many people will be in your group to help split the cost? 
• Do you want a host, or will you handle your own food? 
• Do you want a simple boat, or will you upgrade to a luxury option (a bigger boat with air conditioning)?

Our group attended The Yacht Week in mid-July 2023 and opted to rent a single monohull with no A/C – the simplest, most affordable option. However, we did add a host to our boat to help prepare meals and tidy the boat, which added a small extra cost. It ended up costing us 10,500 USD for the entire boat with a host. 

The great part about The Yacht Week is that you have multiple price tiers to fit a variety of budgets. Let’s dive into the breakdown. 

The Core Yacht Week Cost (the Yacht Fee)

First things first: you’ll need to pick your boat. The Yacht Week offers four boat options:

• Classic Monohull
• Premium Monohull 
• Classic Catamaran 
• Premium Catamaran 

Each option comes with a skipper, entrance to Yacht Week parties, towels and linen, and boat cleaning at the end of the week post check-out. 

Though the costs change each year, generally, the classic Monohull is the most affordable option. When we sailed in 2023, the boat was 10,500 Euros total for the week. That’s the starting price, though a premium catamaran will cost quite a bit more (though it also fits more people!). 

You can see how small the classic monohull looks above, but don’t be surprised — it fits more than you might expect!

If you’re unhappy with these options, Yacht Week has a luxury option that allows you to pick your own boat – many of which are often more expensive. We won’t talk about that option here, as it changes a little each year, both price-wise and option-wise. 

Adding a Host to Your Yacht Week Experience

Above, we talked about the “Host” option for Yacht Week. What exactly is a host?

A host is your chef for the week – and she also helps keep the boat tidy and assists on deck when needed. The host will cook:

• All breakfast meals on board
• All lunch meals on board
• Two dinners on board

If you’re booking a single cabin on your Yacht Week boat, you may find the host is often, if not always, included in the price. 

However, if you’re booking your own boat to split with your friends, you’ll have the option to add your own host. The price of the host will depend on the amount of people you’re bringing on your boat. For six people, we ended up paying around 100 USD extra for the host each. 

Keep in mind your host and skipper will need their own cabin, so you’ll have fewer options to split the cost. Normally, the host will split a cabin with the skipper – taking 2 people off the total number of people to fill the boat.

Hidden Fees: Yacht Week Croatia 

There’s a significant amount of hidden fees many Yacht Week attendees don’t fully understand until they book their trip. Paying for the boat is only a portion of your full cost! Let’s dive into the parts of The Yacht Week they don’t discuss. 

• Refundable yacht deposit/ security deposit: One person will pay this amount upon check-in. This deposit covers damage to the vessel. Assuming there is no damage, you’ll get the deposit back at the end of the week. You’ll pay $2,500 Euros, and you will almost always pay by credit card. 
• The Cash Kitty : The biggest fee no one talks about? The Cash Kitty. The Cash Kitty is a name assigned to a group of miscellaneous fees collected at the start of your trip. These include port fees, yacht fuel, shore power, water, ice, and water taxis – among other things. The cash kitty will vary for each boat , because shore fees and fuel needs will be different for each boat. You can use this nifty calculator on their website (hidden way down at the bottom) to learn about your estimated fees. For a monohull on the Croatia Original Route, fees run around 1950 Euros total – or 200 Euros per person. For a catamaran, those fees run around 2500 Euros total – or 245 Euros per person. The breakdown assumes, of course, you’re filling the boat. If you don’t plan to fill the boat, each person will need to pay more. At the end of the trip, if your skipper has leftover money, they will hand it back to you. On our boat, we had no leftover money. 
• Tip : You’ll need to tip your crew at the end of the trip, too! Your tip should be around 10% to 20% of your total booking price . That means for a classic monohull, a 20% tip would be around 2,000 USD . You will need to tip your crew in cash. 
• Food & drink : If you’re booking your own boat, you’ll need to worry about food and drinks, too – no matter if you have a host or not. Not every spot you dock will have easy access to restaurants or food (though most major ports will, of course). That’s why you should go grocery shopping in advance. For an entire week’s worth of food and drink for six guests, a host and a skipper, we paid around 850 Euros. However, we also opted out of one dinner and therefore had less food. A word of advice about the food situation: the best grocery store you’ll find? It’s near the dock, about a 10 minute walk away. None of the other ports had as large or well-stocked stores. So stock up early, if you can – because there aren’t always food options everywhere you go. That’s also why I recommend a host: she’s familiar with the boats and storage space. There isn’t a ton of room in the fridge, so it’s usually a tough fit.  
• Host & Skipper Food Fees : During your charter, you’ll need to cover any costs for your host and skipper to have food. It’s tradition to invite them to dinner with you and cover their costs. If you don’t want to do that, you’ll need to give them cash to eat dinner. 
• Transport to/from the marina : You’ll need to get to and from the marina, which will be assigned to you closer to the date of departure. Don’t fret – if you can’t afford a taxi, there’s an excellent bus that runs often between Trogir, the airport, and Split for two Euros. 
• Additional speakers and/or cooler : I know the Yacht Week website says the boats come with speakers, but that’s normally not true. If you want to blast music, you’ll need to rent a speaker. The speaker will cost 250 Euros to 300 Euros, depending on size. The smaller cooler will cost 70 Euros, the bigger one, 90 euros. If you’re visiting in peak summer, opt for the bigger cooler for sure. Keep in mind these are provided by a third party and prices fluctuate year by year. Pro tip: You can’t actually play loud music at most ports past 8 p.m. or 10 p.m. And some days, you’ll be at port for the entire day.So keep that in mind! 
• Misc. Costs : Be sure to bring some spending money for miscellaneous expenses. That means dinners on shore, for the most part, and drinks when you’re out and about. This should cost around 100 – 200 Euros at most, depending on how much you drink and how much you eat. 

When you take the security deposit out of the equation, we brought around 500 to 1,000 Euros extra per person to cover the above fees – and spent all of it, too. 

How many people do you need for Yacht Week?

You can travel with as little people as you want – or as many (to an extent). 

If you want to go solo, you can book a bed in a cabin on a yacht. Alternatively, you can look on “Crew Finder” and other Facebook groups for groups looking to add people to their yachts. 

However, if you want to rent out your own boat, you can fill it up. The maximum depends on your boat and whether you opt for a host. Generally speaking, it’s a maximum of 6 to 12 people. You can bring less, of course, but everyone will have to pay more to cover the total cost. 

Do you need A/C?

Ah yes, the golden question. Do you need air conditioning when you’re booking Yacht Week? Let’s be honest: Yacht Week costs can add up, and it may seem a little pricey. 

Before getting on the boat, I read as many blog posts and forums as I could – and everyone recommended air conditioning. I was really worried because we booked a boat without air conditioning. 

We traveled in mid-July, and it was really hot. We’re talking 38 degrees Celcius our first two days. Did we make it? Yeah, it ended up being totally fine . Many boats have lots of space to sleep outside. You can bring cushions and camp under the stars. 

Half our boat opted to sleep outside, the other half, inside. Either way, everyone was surprised – it ended up being much easier to sleep than we expected. Later in the week, when it cooled off, most people ended up sleeping inside with no problems. 

So do you need A/C? It’s up to you. 

Remember: The reality is different, and not everything you read online is true. People we met with A/C on their boats told us the A/C had been broken…and was broken the entire trip and the entire season.

These are boats, after all. Things break, and they don’t always get fixed. If you book a boat with A/C, remember, there’s a chance it may be broken. In addition, remember you can only use the A/C when plugged into shore power (which was only 4 days on our route). 

Final Musings 

Yacht Week Croatia can be affordable – if you’re willing to skip out on some of the luxuries. One mentality shift? Think of it like camping! To optimize your Yacht Week Croatia costs, make sure to think about alllll the hidden fees and costs in advance. There’s nothing worse than being surprised with costs. Happy Sailing!! 

Samantha Tatro is a Czech-American third culture kid who grew up living and traveling abroad. Many years later, after living in California and working as a journalist, she decided to take the leap and move abroad again…this time to Prague, Czech Republic. Samantha started Undiscovered Path Home to help couples and solo female travelers find the courage to visit countries – and locations – off the beaten path. Her work has appeared in Bon Appetit, NBC News , The Adecco Group , and more .

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14 comments

Wow! This looks like an incredible adventure. My husband and I have been talking about spending a week on a catamaran around the Caribbean. This is definitely convincing me!

Thank you! Honestly, it’s so worth it (I even have sea sickness and loved it!)

Great tips and love the photos!

Thank you!!

Yacht Week sounds like so much fun! I love the idea of thinking of it a bit like camping if you can’t afford to splurge on all the luxuries. It’s good to know that it is an experience that most people can enjoy, even if you’re working with a smaller budget. Thanks for the comprehensive guide!

I had no idea about this. It looks very fun! 🙂

I would love to do this! Have not been to Croatia but have done flotilla sails in Greece, Caribbean and BVI. It is not cheap, but well worth it, I found. Thanks for the insights about this event.

That sounds amazing — it’s never cheap but it’s such a unique experience!

Have always wanted to do yacht week! Thanks for the info!

Oh this looks amazing! I’ve not sailed for years other than from a to b. I think I need to start considering more ways to travel around than the usual plane, train or car.

This looks like so much fun! I’ve always wanted to go on a yacht in Crotia. Looks like a great way to explore the area. Thanks for sharing your experience!

Thank you for reading!! 100% bucket list!

This sounds like so much fun! I will definitely have to try it with the hubby one day!

It’s such a unique experience!

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Inside Yacht Week

How it works

You've heard us say it's the best week of your life, and you've chosen your dream destination. But how does it all come together? How do you select the perfect yacht? And what's the deal with a host? Here's the lowdown on exactly how you book your week at sea.

Your step-by-step guide

Choose from our yacht categories or pick your own!

Choose your crew; sail with a group or join a shared yacht

Pay & sail; secure your spot for just a 10% deposit

Choose a category or pick your own

Our categories.

Choose from two yacht categories, Classic and Premium, in both Monohull and Catamaran types. Select the one that fits with your crew's spirit and budget, and we'll match you with a yacht that fits the bill. Or, if you're crystal clear about your desires, go ahead and pick your own.

Add your extras

Once you've chosen your yacht, it's time to make it uniquely yours. This is where you can add those exciting extras to turn your week into the dream you've always envisioned. How about adding a host to handle your meals while you soak in the adventure?

Choose your crew

Spend an unforgettable week on a yacht with your very own skipper and up to 12 friends. Can't fill a whole yacht? Use our handy Crew Finder to connect with other travellers.

Go to Crew finder

Set sail with like-minded adventurers in a cabin on a shared yacht.

Masters of the ocean, they’ll navigate and sail your crew, show you the hidden gems en route and ensure your safety is the priority. Skippers are also included with every booking.

• + RYA Skipper License (or equivalent)
• + Trained at YW Skipper Academy
• + Will quite literally show you the ropes if you’d like to learn to sail

Elevate your week to a whole new level with a host. They'll whip up fresh meals for you on deck daily and keep your yacht in pristine condition. Add hosts to any yacht, as long as there's a cabin for them.

• + Culinary genius
• + Local know-it-all
• + Trained at YW Host Academy

Pay and sail

Payment plan.

Pay off your booking in 3 instalments.

Instalment 1 · Confirm booking 10 %

Instalment 2 · 30 days after 30 %

Instalment 3 · 60 days before you sail 60 %

You will only need to pay 10% at the time of booking to secure your space.

• 10% deposit
• 30% of the balance, due 30 days after your booked
• 60% of the remaining balance, due 60 days before your trip

As the lead booker, once you have added your crew to your booking they will create their own profiles and can view the booking and pay their share. That way you won’t have to send money back and forth between everyone in the crew.

Ready to go? Choose your route now

Explore destination.

Dates May - Aug

Price from €636 pp

Croatia Original

Dates May - Sep

Price from €632 pp

Greece Athens

Price from €1,041 pp

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Dates 01 - 07 JUNE

Price from €938 pp

Croatia Drumcode

Price from €1,476 pp

Sardinia Refined Route

Sardinia emerald coast.

Dates NEW YEARS

Price from €1,798 pp

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• Charter Advice

How much does it cost to charter a yacht?

There are many things to consider and first time charterers can be left confused, that's why we've created a comprehensive guide to yacht charter prices (with a checklist).

The good news: It’s easy to grasp the basics of yacht charter pricing. And with one of our experts in your corner, we can help you more accurately estimate the cost of your next once-in-a-lifetime vacation.

The cost of a yacht charter is dependent on a number of factors, including the type of yacht, the charter destination, local taxes, and the base cost. (If the yacht has a celebrity owner, well that too, can add to the cost.)

Therefore, yacht charters have a wide range of base prices. That’s why charters can cost from $10,000 per week on smaller sailing yachts and catamarans, up to $150,000+ per week on the most luxurious motor superyachts.

What else can you expect to pay? This overview – a part of our planning resource, the Charter Advice Guide – offers an in-depth look at charter yacht costs.

Yacht Charter Price Structure: “All-Inclusive” vs “Plus Expenses”

In the world of yachting, two types of crewed yacht charters are available to you – “All-Inclusive” and “Plus Expenses” charter experiences. What do these terms mean exactly? Here’s a quick look:

• All-Inclusive Yacht Charters – Some charters (mainly catamaran and monohull charters in the Virgin Islands) offer all-inclusive rates. That means rates are based on the number of guests, and they include all food and drink, water sports, and fuel costs. Dockage and taxes, though, are usually charged separately.
• Plus Expenses Charters – Rates for larger motor yachts do not include running expenses, which must be paid separately. For these luxury charters, the base price is for the yacht only. Additional expenses, i.e. food, bar, fuel, dockage, port taxes, and other expenses, are charged separately. Most frequently, the running expenses are paid by an Advance Provisioning Allowance, or APA, which is typically 35% of the base price; this is an amount that’s paid prior to the charter.

Our chart below offers a quick overview of what’s included in both of these types of charters.

Average Yacht Charter Cost: Base Prices

What can you expect to pay for a catamaran, a sailing vessel, or motored yacht? Here’s a quick overview of the average cost to rent a yacht (not including extra expenses) for the most common types available:

Factors that Affect Yacht Charter Prices

Since charter yachts are privately owned, prices are set by the owner. This can explain, in part, the wide range of differences in price between boats of similar lengths. Yet, several other factors can significantly impact price, including:

• The Yacht – The year the boat was built, the builder, previous owners, and the boat’s selection of water toys can also increase the cost of a yacht. Boats can also develop a reputation, i.e. the largest or most luxurious, or having a famous builder or previous owner. Reputation can also affect pricing.
• Season – Prices typically increase in the high season – i.e. high summer in the Mediterranean or winter in the Caribbean – and decrease in low seasons.
• Destination – Your charter destination also plays a role in charter cost. For example, prices increase in areas without large charter fleets (i.e. the Galapagos), whereas Bahamas yacht charters,   BVI charters , or Mediterranean yacht charter are priced more competitively.

Additional Costs Considerations on Yacht Charter

In addition to the cost associated with running the yacht and provisioning, there are a number of other costs that must be considered. These are the most significant:

Advanced Provisioning Allowance

The APA on Plus Expenses charters equals roughly 35% of the yacht’s base price. This is a fee that’s collected prior to charter, and it’s similar to an expense account the captain can access during the charter. At the end of the charter, you will receive a detailed accounting of your APA account, plus any unused APA funds in cash.

In the case of overages, you may be required to replenish the APA account during the charter. This can be done with cash, although many choose to set up accounts with their charter brokers , which can be accessed if requested by the captain.

Taxes and Value Added Tax (VAT)

Most boats – whether all-inclusive or Plus Expenses – will not include local taxes or a Value Added Tax into their charter rate. The charterer will be responsible for paying those taxes. Taxes range significantly by destination; here’s a look at some of yachting’s most popular destinations:

• The Bahamas – Tax: 4% plus 10% VAT
• BVI – Tax: between $6 and $16 per person per day, depending on the flag of the boat
• Croatia – VAT: 13%
• Florida – Tax: 6% for Broward County, 7% for Miami-Dade County
• France – VAT: 20%, however, 10% can be applied when an itinerary includes International Waters
• Greece – VAT: 12%
• Italy – VAT: 22%, however 6.6% (over 24m) and 8.8% (under 24m) can be applied when an itinerary includes International Waters
• Montenegro – NO VAT
• New England – NO TAX
• Spain – VAT: 21%
• Turkey – NO VAT

Charterers can purchase cancellation and curtailment insurance – which is similar to traveler’s insurance. This insurance can help cover costs if a charterer must cancel or shorten the charter. Charter brokers can help you weigh insurance options, and often offer several different options.

Crew Gratuity

While crew gratuity is certainly not mandatory, it is recommended, particularly if you were truly impressed with your charter experience. In general, crew gratuity is roughly 15-20% of the base charter rate, which is handed to the captain at the conclusion of your charter.

Delivery Fees

While these fees do not apply on most charters, you may be asked to pay delivery costs if you are not chartering in the yacht’s normal cruising ground. In most cases, you will only be required to cover the fuel for the trip.

Call Worldwide Boat today to learn more. Our Charter Specialists are here to assist you with every detail and explain all charter costs. Or read our Charter Advice guide for more information and tips for planning your charter vacation.

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Additional Charter Cost FAQs

What are standard private charter yacht prices?

There are a number of factors that affect charter yacht pricing. However, on average, a week-long private yacht charter costs anywhere from $10,000 on luxurious sailing yachts and catamarans, and up to $150,000 for superyachts.

What affects charter yacht prices?

There are several things that influence how much your yacht charter will cost. The type of vessel, charter destination, length of trip, base cost, time of year, and local taxes all make a difference.

How much does it cost for a crewed vessel?

Charter yacht prices do increase when hiring a crew along with the boat. At Worldwide Boat, we offer two types of crewed charter experiences: all-inclusive and plus expenses. An all-inclusive charter yacht includes accommodation for all guests, food and drink, water sport activities, and fuel costs – dockage fees and taxes are charged separately. A plus expenses experience accounts for just the yacht’s base price. Things like food, drinks, fuel, dockages, taxes, and other expenses are charged separately and are usually estimated to be about 35% of the base price.

What’s included in all-inclusive boat charters?

At Worldwide Boat, your all-inclusive charter experience includes a diligent and friendly crew, water toys, food, drinks, fuel, water and electric services, and occasionally diving experiences.

What are some additional charter boat costs to consider?

After finding a base price you’re comfortable with and evaluating your package, you’ll also want to consider delivery fees, crew gratuity, insurance fees, taxes, and Advanced Provisioning Allowance rates. If you are responsible for these fees, your crew will handle the necessary transactions on your behalf.

What does it cost to rent a 100- foot yacht charter?

This depends on what type of vessel you’re looking at and how long you’ll need it for. The average weekly cost of a 100-foot sailing yacht is between $50,000-100,000. A weekly 80-foot catamaran charter runs around $40,000-100,000, and a week-long 100-foot motor yacht rental is anywhere between $50,000-80,000.

Does the price to rent a yacht change depending on what type of boat it is?

Yes. Worldwide Boat offers sailing yachts, catamarans, and motor yachts. All of these vessels have different capabilities, but there are other factors that determine the price beyond what type of boat you choose. The year the boat was built, owner, availability of water toys, onboard amenities, and the ship’s reputation can all change how much the ship is priced at.

When is the high season for yacht charters?

The price of a yacht fluctuates depending on the season. A Mediterranean yacht charter cost rises in the summer and drops in the winter, whereas Caribbean boat charter prices are high during the winter and lower in the summer months.

How does my destination affect charter yacht cost?

The more remote an area is, the more expensive it will be to charter a yacht there. That’s because prices go up in areas that have fewer boats. If you were to travel somewhere like the Galapagos, which isn’t a typical yacht destination, you’d pay more than you would if you were traveling to the Caribbean.

How much do I tip the crew when reviewing my yacht charter expenses?

It’s not required that you tip your crew, but it is recommended and appreciated. If you had an enjoyable experience it’s considered polite to tip your crew anywhere from 15-20% at the end of your charter.

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How much does it cost to charter a yacht?

A comprehensive breakdown of yacht charter costs and fees

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By Editorial Team   15 January 2024

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

Cost breakdown.

Charter fee of xxx

+ xxx % APA ( xxx )

+ xxx % Tax/VAT ( xxx )

Total = $ xxx

In this article:

• Base charter fee

Why do charter fees differ between yachts?

• Charter contracts

Advanced Provisioning Allowance (APA)

• Crew gratuities

Fuel and dockage fees

Insurance: what does it cover, payment structure.

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

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

Base charter fee: All-Inclusive vs Plus Expenses

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

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

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

Plus Expenses Charter Costs

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

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

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

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

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

Taxes & Value Added Tax (VAT)

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

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

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

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

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

Crew Gratuities

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

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

Cancellation Insurance

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

Delivery Fees

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

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

Charter seasons

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

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

Event pricing

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

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

Shoulder seasons

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

• Onboard amenities

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

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

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

MYBA Charter Agreement

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

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

Typically, a charter party (this is the collective term for the total number of guests on a charter) will accumulate additional costs of between 25% to 30% of the base charter fee, depending on what is consumed. These expenses can be tracked through the use of an Advance Provisioning Allowance (APA) which we will cover in the next section.

Other charter contracts

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

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

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

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

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

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

Typically, the APA accrues to approximately 25% to 30% of the base charter fee, though this does of course depend on your charter party’s tastes and requirements and could be far less or far greater than this estimation. For instance, charter guests who intend to regularly dine on caviar and vintage wine can expect to pay more, whereas guests on a sailing yacht charter that is anchored at sea for most nights can expect to save on fuel costs and hefty marina fees. 

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

What happens next?

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

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

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

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

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

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

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

Dockage fees

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

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

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

Additional insurance

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

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

Other taxes 

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

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

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

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

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

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

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

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

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

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

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FinanceBuzz

16 Yacht Charters That Make for a Strangely Affordable Family Vacation

Posted: December 11, 2023 | Last updated: December 12, 2023

While a yacht may be the first thing that pops to mind when you think of the ultra-wealthy, chartering one might not be as expensive as you think. When you're splitting the costs between several family members or friends you are paying for transportation and stay and it can make sense financially.

You can also  keep money in your wallet  by selecting an older vessel or taking charge of sailing yourself (hiring a crew always costs extra).

So let’s take a look at options that may be within reach for people who aren’t living paycheck to paycheck but aren’t brunching with the Kardashians either.

Editor's note: prices are subject to change and may vary depending on the time of the year.

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San Antonio motor yacht

The San Antonio is a luxury motor yacht measuring 146 feet in length that was built in 2018. This huge vessel is capable of accommodating 36 guests in 18 cabins.

The cost to charter it starts at $21,000 per week plus expenses, not including a crew of eight (which we recommend).

Divide the cost by capacity, and that’s only $583 per person per week to start. That’s practically unbeatable for a boat of this size, allowing you to make other savvy moves with your money .

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Virginia Mia motor yacht

Constructed in 2001 (with several subsequent refits), the Virginia Mia is another luxury motor yacht that’s 95 feet in length.

Custom-designed by Nuvolari Lenard, this vessel can sleep eight guests in four cabins as well as an additional crew of four.

Still, thanks to the age of the yacht, the cost of chartering starts at $15,000 plus expenses per week, or just under $2,000 per guest sans crew.

Nautilus sailing yacht

White motor yachts are convenient and luxe, sailing yachts promise a more traditional experience.

At nearly 125 feet, the Nautilus is a large option styled by Robert Delus. Built in 2008, it sleeps 10 guests in five cabins. At this size, you'll likely need a crew of six.

The cost to charter this beauty starts at $17,500 per week sans expenses, again just under $2,000 per person — which really isn't bad for all you're getting.

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Aegean Clipper sailing yacht

The Aegean Clipper is another sailing vessel, this one built all the way back in 1999 — which translates into cost savings for you.

The yacht is another biggie at nearly 135 feet. With 11 cabins, the boat can accommodate up to 24 guests plus five crew members as needed.

In total, your group will have to shell out a minimum of $13,000 plus expenses per week — just over $379 per person. That's a great deal, comparatively speaking.

Silver Fox expedition yacht

If you're looking for something a little smaller that can go the distance, the Silver Fox expedition yacht might be for you.

Built in 2009, the 72-foot yacht accommodates six guests in three cabins for a more intimate experience. There's room for a crew of two if you need their expertise.

With a starting cost of $16,500 per week, the Silver Fox will run each person over $2,700 per week, but the small group may be worth it.

Tivoli expedition yacht

Traveling with a group of the same size but want more length and a bigger crew?

The Tivoli expedition yacht, constructed in 2001 and remodeled in 2010, can fit four crew members. This stunner is just over 90 feet long and can take you on those long hauls.

Yes, it will cost more at $25,000 per week, or over $4,100 per person. But if you can afford it, it’s a dream come true out on the open water.

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Shangri-La classic yacht

Classics are classics for a reason, as they stand the test of time. Such is the case with the Shangri-La, a vintage yacht sure to take you to that magical place.

This vessel sleeps six in three cabins and promises to be child-friendly. The Shangri-La was constructed way back in 1965, and it is 82 feet long with space for three crew members.

A week on this rig will cost you $16,500, or just over $2,700 a pop.

Sai Kung classic yacht

Another vintage beauty, the Sai Kung classic yacht was born in 1975 and got a makeover in 2015. That updated this 79-foot vessel that can sleep nine people in four cabins.

Be sure you’re a nautical whiz, as there’s no room for additional crew here, but that will only save you money.

All told, the Sai Kung will set your group back $17,500 per week, just under $2,000 per person.

Glorious open yacht

Outdoor yachts are designed for those who truly want to live outside, which you can do easily on the Glorious.

This sporty 72-footer is ready to help you dive, scuba, and more, with room for six guests in three cabins. You can bring a crew of two for extra help, of course.

Built in 2007 and remodeled nine years later, chartering the Glorious will run you $16,500 per week, again $2,700 per person.

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Speedy T open yacht

Looking for a bigger open yacht that’s perfect for swim buffs? Charter the Speedy T, a vessel that’s 80 feet long and primed for dips in refreshing ocean waters.

Like many of the yachts on this list, it accommodates six guests in three cabins and has room for three crew members.

All told, one week on this sleek ship — built in 1994 and renovated in 2011 — is $19,500 before expenses, translating to $3,250 per head. But the adventure promises to be unforgettable.

Etoile Magique catamaran yacht

With extra stability even at higher speeds, catamaran yachts like the Etoile Magique are great options for adventure.

This 80-foot vessel is roomy for its size, with room for 16 guests in eight cabins. There’s space for a three-person crew, too.

Constructed in 2004 and remodeled a decade later, this is a budget-friendly adventure in the making. At $18,710 per week before expenses, that shakes out to a bit over $1,100 apiece.

Fuerte 3 catamaran yacht

Meaning “strong” in Spanish, the Fuerte 3 catamaran yacht — built in 2004 and renovated in 2010 — offers a more intimate experience than the Etoile Magique, with space for nine guests in four cabins.

On the smaller side, at 67 feet, you can bring two crew members along if you need them. The price tag for one week is around $22,000, or just over $2,400 a pop. This vessel is best in shallower waters.

Astrape sport fishing yacht

If your idea of the perfect vacation is sport fishing, this boat is for you. The Astrape sport fishing yacht comes with top-of-the-line fishing equipment so you can catch your dream fish.

Built in 2008 and remodeled in 2016, the 76-foot vessel sleeps eight in four cabins. It also has room for three crew members.

On the pricier side at $29,000, a week will cost each person nearly $3,700 — worth it if you can show off that once-in-a-lifetime catch, though!

Barefoot sport fishing yacht

Giving us some real Orca energy, the Barefoot sport fishing yacht was built in 2006 — much later than that famed vessel from "Jaws."

The 64-foot boat is designed for fishing in shallower waters, perfect for you and five friends who will share three cabins. Two crew members can fit, too.

This yacht is cheaper than the Astrape at $17,500, so six folks will pay just under $3,000 a head per week.

Prenses Lila gulet yacht

Gulet yachts are known for their tall masts, ample deck space, and Turkish origins — perfect for a Mediterranean voyage.

To that end, the Prenses Lila is an excellent option for groups of 18. At 114 feet with eight cabins and space for five crew members, this boat beckons.

You can charter Prenses Lila — built in 2009 and remodeled in 2009 — for $17,500 per week in September.

Dreamland gulet yacht

The second gulet yacht and the final boat we’re covering is Dreamland, which will surely take you there. 

Constructed in 2006, 12 guests can sleep in six suites on this 105-foot vessel as well as five crew members.

You can book Dreamland for around $26,000 in high season. Divide that by 12, and you land on about $2,200 per person. That might require some financial fitness , but yachts like this don’t come around every day.

Bottom line

Spending your days sunning and swimming aboard a luxurious yacht may seem like an out-of-reach proposition, but we’re here to tell you it’s possible.

In fact, with planning and savvy budgeting, you can score your dream seafaring adventure. You can even use your favorite credit card to book and earn travel rewards .

Traveling by charter yacht is also more environmentally friendly than flying, which means you can feel good about your sailing vacation.

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