What kind of contracts are used for yacht charters?

Yacht charters are secured through internationally recognised charter agreements that define the rights and obligations of all parties involved. The most commonly used contracts are MYBA, TYBA, and similar industry-standard agreements, while some yachts operate under their own approved charter contracts. These documents clearly outline charter dates, pricing structure, payment terms, cancellation conditions, and onboard rules. Your broker explains the contract type applicable to your chosen yacht and ensures transparency before you sign.

What is the usual cancellation policy?

Cancellation policies depend on the charter contract used, with MYBA and TYBA contracts following clearly defined and commonly accepted terms. In general, the closer the cancellation is to the charter start date, the higher the cancellation fees become, potentially reaching 100% of the charter fee. For yachts operating under individual contracts, cancellation terms may vary and are outlined clearly before booking.

What happens if I need to cancel my charter?

If you need to cancel your yacht charter, the applicable cancellation terms outlined in your contract will apply. Depending on timing, this may result in partial or full forfeiture of the charter fee, while APA funds not spent are typically refundable. In some cases, if the yacht is successfully re-chartered for your dates, part of the paid amount may be recovered. Your broker assists you throughout the process and advises on the best possible outcome.

Do I need travel or charter insurance?

While yacht owners carry full insurance for the vessel and crew, it is strongly recommended that guests arrange travel insurance that may cover trip cancellation, interruption, and medical emergencies. Please, advise with you local insurance company for any further questions and options.

What is the typical step-by-step process from inquiry to charter completion?

The process usually begins with you sending an inquiry outlining your preferred destination, dates, number of guests, and approximate budget. Your broker then presents a tailored selection of suitable yachts, helps you compare options, and refines the choice until you confirm your preferred yacht. Availability is reconfirmed with the owner, guest details (and, if required, KYC information) are collected, and the charter contract is issued for review and signature.

Once the contract is signed by all parties, the deposit is paid, followed by the balance closer to the charter date. In the weeks leading up to departure, your broker assists with itinerary planning, preferences, and logistics — and remains available throughout the charter until smooth disembarkation.