Crewed Yacht Charter Costs
The lowdown and the breakdown of the fees associated with a crewed yacht charter.
So, you’re thinking of chartering a yacht for your vacation and you want to better understand where all of the money goes! No problem, we’ve got your back. When planning your trip, it’s important to be aware of all costs associated with your crewed yacht charter so you aren’t disappointed in the end. These costs associated will depend on the size of your boat, number of guests, and your sailing location.
There are 2 types of Crewed Yacht Charters:
- All Inclusive Crewed Yacht Charters will include the Captain and Crew, the hiring of the yacht itself, all of your food and beverages on board the yacht, alcohol within reason, fuel, and all running expenses including charter yacht insurance and liability insurance for the yacht and crew. Most all inclusive yacht charters will begin in the $12,000 price range and can go up to $30,000 per week. The sizes of the yachts are typically in the 40 to 60 foot range and sleep anywhere from 2 to 10 guests. The only things not included are the crew tip, elective on shore excursions, scuba diving, meals onshore, and optional marinas.
- Base Cost Plus Expenses Yacht Charters will include the Captain and Crew and the hiring of the yacht itself, and that’s it. Most power yachts are base cost plus expenses and will require an APA (Advanced Provisioning Allowance) of 25 to 30% of the base charter fee. This is given to your Captain, prior to the charter, so that provisions and fuel may be purchased prior to your arrival. At the end of the week, the Captain will present all accounting and receipts for your APA. You will either be refunded the remaining balance, or asked to reimburse the yacht via cash or check for the balance due. Most power yachts typically range from 65 to 200 feet and sleep up to 12 guests. Base costs begin at $25,000 and can go up to $200,000 or more for one week.
There are 3 types of Crewed Yachts to charter:
- Catamarans– a stable platform for sailing while providing comfort along the way.
- Power Yachts– a decadent indulgence and most luxurious way to island hop.
- Monohulls– a sailor’s classic mode of transportation on the sea.
Yacht Charter Location:
The location of your crewed yacht charter will make a huge difference in the costs associated for the week. Most yacht charters in the Mediterranean add a VAT (value added tax), while yacht charters in the Caribbean are nearly tax free. Your yacht charter broker is responsible for letting you know these details up front, so that you can be well informed before deciding on where in the world you would like to charter your boat.
Some yachts will include scuba, trips to the spa, or excursions on shore at no additional cost to you. Yachts will run specials from time to time and it is up to your broker (me!) to get this information to you. I run the current specials on my Facebook page as soon as they go live. I also send out a monthly newsletter! Feel free to sign up by clicking here. You can also follow me on Instagram!