Terms and Conditions – Levante Yachts

Once a suitable yacht has been selected, your charter broker then prepares a charter contract, a legally binding document.
Most large yachts are chartered in the Mediterranean under the Myba Charter Agreement put together by MYBA The Worldwide Yachting Association; this is the best yacht charter Agreement, certified by the most powerful association in the world.
A yacht which can be chartered under this contract is certified by the association and this a first warrantee itself.

The Myba Charter Agreement states very specific conditions called WMT (Western Mediterranean Terms). Charter rates paid by the Charterer include: yacht’s hire (fully equipped), crew, yacht’s insurance, crew’s food. Charter rates do not include: fuel for the yacht, for generators, for tenders and toys; guests’ food and drinks; port fees and taxes if any; water and electricity ashore; personal laundry, personal communication costs (including wi-fi) and everything not mentioned in “rates include”.
Additionally, if the plan calls for a Monaco-based yacht to pick up a charter party in Naples (for example), or vice versa, this will attract a repositioning charge to cover the cost of delivering the yacht to the desired pick-up point.

Once a suitable yacht has been selected, your charter broker then prepares a charter contract, a legally binding document.
Most large yachts are chartered in the Mediterranean under the Myba Charter Agreement put together by MYBA The Worldwide Yachting Association; this is the best yacht charter Agreement, certified by the most powerful association in the world.
A yacht which can be chartered under this contract is certified by the association and this a first warrantee itself.

The Myba Charter Agreement states very specific conditions called WMT (Western Mediterranean Terms). Charter rates paid by the Charterer include: yacht’s hire (fully equipped), crew, yacht’s insurance, crew’s food. Charter rates do not include: fuel for the yacht, for generators, for tenders and toys; guests’ food and drinks; port fees and taxes if any; water and electricity ashore; personal laundry, personal communication costs (including wi-fi) and everything not mentioned in “rates include”.
Additionally, if the plan calls for a Monaco-based yacht to pick up a charter party in Naples (for example), or vice versa, this will attract a repositioning charge to cover the cost of delivering the yacht to the desired pick-up point.

In the East Mediterranean the usual terms are called SEMT o EMT (Standard Eastern Mediterranean Terms), usually applicable in Greece and Turkey. In this case rates include: yacht’s hire (fully equipped), crew, insurance, crew’s food, fuel for 4 or 5 hours per day, port fees and taxes if any (Corinth Canal fees are never included in rates). Often, but not always, rates also include water and electricity. Rates do not include: fuel for the yacht over 4 or 5 sailing hours per day, fuel for tenders, generator(s) and toys, private marina fees, guest’s food and drinks, communications costs and personal laundry.

Standard Caribbean Terms (SCT) are usually applicable in the Caribbean area and they state that charter rates include: yacht’s hire (fully equipped), crew, insurance, guests’ food, crew’s food, fuel for a number of hours often changing from a yacht to another.
Drinks are extras together with personal communication costs, personal laundry, port fees.

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ADVANCED PROVISIONING ALLOWANCE (A.P.A) AND CURRENT EXPENSES

The A.P.A. mentioned and well described in the Myba Charter Agreement (Clause 8) essentially creates a bank account for the Captain of the yacht to provision on your behalf and on your preferences basis. Key provisioning are fuel, food, drinks and port fees. Normally a percentage will be added on to the base charter fee – depending on the type of boat and therefore fuel consumption. For sailing yachts expect 25 to 30% to be added on and for motor yachts 35 to 40%. You will pay this with your final charter payment. The Captain is obligated to keep all receipts and balance the account for you, and you can check the expenditure level at any time during the charter.
At the end of the charter, the Captain will give you a full account of your expenditures, and any amounts not used will be refunded to you.

VAT IN THE MAIN CHARTER AREAS

Our experienced brokers know the yacht charter laws and the Myba Charter Agreement very well; they will guide and help you to clarify every detail of the contract and to fulfill the complete paperwork, making everything as simple and fast as possible.

VAT applicability and percentages are to be confirmed time after time cause exceptions can be endless.

Hereinafter some examples in Mediterranean:

Charters starting in Italian ports: 22% VAT
Charters starting in French ports: from 0% to 20% VAT
Charters starting in Spanish ports: 21% VAT
Charters starting in Greek ports: from 4.2% to 24% VAT
Charters starting in Turkish ports: 20% VAT
Charters starting in Croatian ports: 13% VAT
Charter starting in Montenegro ports are VAT exempt

In the Mediterranean area, VAT is applicable depending on the port of delivery, where the charter commences and it does not depend on the countries the yacht cruises during the charter period provided VAT is paid.
If, for example, the port of delivery is in Italy, then Italian VAT is applicable; if the charter starts in Croatia, Croatian VAT is applicable.

Hereinafter some examples around the world:

Charters starting in Bahamas’ ports: 10% VAT + 4% Charter TAX
Charters starting in Maldives ports: 16% TAX
Charters starting in Thailand’s ports: 7% VAT
Charters starting in Indonesian ports: 12% VAT
Charters starting in Australian ports: 10% TAX
Charters starting in Caribbean ports: TCB (depending on the State)

DRUGS AND ANTISOCIAL ACTIVITIES

It is a rare occurrence, but charter parties should be aware that yacht owners do not condone the use of drugs, antisocial behavior or illegal activities, as these bring disrepute on his vessel, and in some cases these may lead to the confiscation of the yacht by local officials. The captain has the final say in these matters and, should his warnings go ignored, he may with full rights ask any offenders to leave the yacht.