How Much Does it Cost to Charter a Yacht? A Guide for First-Time Charters

Ever dreamt of cruising on a yacht, feeling the breeze, and living the high life? We get you! Embarking on a luxurious journey aboard a chartered yacht is a dream for many, but understanding the yacht charter cost is essential for a smooth experience overall. In this guide, we’ll delve into the various factors that influence the cost of renting a yacht and provide valuable insights to be aware of if you are thinking of chartering a yacht.

Factors Affecting Yacht Charter Costs

When it comes to determining the yacht charter cost, several key factors come into play:

  • Type and Size of Yacht: The type and size of the yacht significantly impact the cost of renting one. Luxury motor yachts generally come with a higher price tag compared to sailing yachts or catamarans.
  • Charter Duration: The duration of the charter, whether it’s a week-long getaway or a month-long adventure, will influence the overall cost.
  • Seasonality and Destination: Charter prices vary depending on the time of year and the chosen destination. High-demand seasons and popular destinations often command higher rates.
  • Additional Expenses: In addition to the base charter fee, you should budget for additional expenses such as fuel, crew, provisions, docking fees, and taxes.

Understanding Base Charter Costs

The base charter fee covers the cost of renting a yacht itself and typically includes the services of a captain and crew. Prices can range from a few thousand euros per week for smaller yachts to hundreds of thousands of euros for luxury superyachts.

Additional Expenses to Consider

In addition to the base charter fee, you should budget for the following expenses:

  • Crew Costs: Gratuity for the crew is customary and usually ranges from 5% to 15% of the base charter fee.
  • Fuel Costs: Fuel expenses can vary depending on the distance traveled and the yacht’s fuel efficiency.
  • Food and Beverages: Provisioning the yacht with food, beverages, and special dietary requests adds to the overall cost.
  • Docking Fees: If you plan to dock at marinas or ports during your charter, docking fees may apply.
  • Taxes: Taxes and additional fees may vary depending on the charter location and local regulations.

Many of these costs are covered by APA.

APA stands for “Advance Provisioning Allowance” in the context of chartering a yacht. It’s a standard practice in the industry, intended to fund the operational expenses of a yacht charter before and during your time on board. This system allows the charter to be customized to your preferences in terms of food, beverages, fuel, and other essentials, without constant financial transactions.

Here’s a breakdown of how APA works:

  • Budgeting Ahead: APA is typically set at around 20% to 30% of the yacht charter fee, though this can vary depending on your specific requirements.
  • Usage: The allowance is used to cover expenses such as fuel for the yacht, tenders, and water sports equipment; provisioning of food and beverages for your party; port, docking, and customs fees; and any other miscellaneous expenses related to your charter.
  • Transparency: The captain manages the APA, purchasing everything necessary for your charter. You’ll usually get updates on expenditures, and receipts should be available upon request.
  • Settling Up: At the end of your charter, the captain will present a detailed accounting of all expenses. If the expenses are under the provided APA, you’ll be refunded the difference. If expenses exceed the APA, you’ll be expected to cover the additional amount.

APA ensures that your yacht charter experience is as seamless and personalized as possible, without the need for constant financial discussions during your trip.

Tips for Budgeting and Cost Management

To ensure a stress-free charter experience, consider the following tips for budgeting and managing costs:

  • Set a Realistic Budget: Determine your budget upfront and communicate it clearly with your charter broker.
  • Negotiation Strategies: Work with your charter broker to negotiate favorable terms and pricing.
  • Understanding Hidden Costs: Be aware of potential hidden costs and ask for a detailed breakdown of expenses upfront.
  • Planning Ahead: Anticipate and budget for unforeseen expenses to avoid financial surprises during your charter.

Real-Life Yacht Charter Price Examples

Motor Yacht Mercury

LOA: 50m

Guests and cabins: 12 guests / 5 cabins

Crew: 12

Weekly rate: 185.000EUR

VAT (varies per country) (For example, in Croatia it is 13% – 24.050EUR)

APA: 35%, 64.750EUR

Crew tips: ranging from 5-15%, but let’s say a median rate of 10% -18.500EUR

Motor Yacht Anavi

LOA: 36m

Guests and cabins number: 8 guests / 4 cabins

Crew: 6

Weekly rate: 75.000EUR

VAT (varies per country) For example, in Croatia it is 13% 9.750EUR

APA: 40% of the charter price, 30.000EUR

Crew tips: ranging from 5-15%, but let’s say a median rate of 10% -7.500EUR

Small luxury cruise ship Cristal

LOA 48.9m

Guests and cabins number: 30 guests / 15 cabins

Crew :11

Weekly rate: 110.000EUR

VAT: included in price

Crew tips: ranging from 5-15%, but let’s say a median rate of 10% – 11.000EUR

APA: 30% of the charter price, 33.000 EUR

Frequently Asked Questions (FAQs) 

  • How much does it cost to charter a yacht for a week?
  • Charter costs vary depending on factors such as yacht type, size, and destination, but prices typically range from a few thousand dollars to several hundred thousand dollars per week.
  • Are there any additional fees I should be aware of?
  • Yes, additional expenses such as crew gratuity, fuel costs, provisioning, docking fees, and taxes should be factored into your budget.
  • Can I customize my charter to fit my budget?
  • Absolutely! Work with your charter broker to tailor your charter experience to fit your budget and preferences.
  • Is it possible to share the cost with others through a group charter?
  • Yes, group charters offer a cost-effective way to enjoy a luxury yacht experience by splitting the expenses among multiple parties.

So, are you coming onboard?

Understanding the yacht charter cost is crucial for first-time charterers to plan and budget effectively. By considering the factors that influence charter costs, managing expenses, and working closely with your charter broker, you can embark on a memorable yacht charter adventure without breaking the bank. Reach out to our team for personalized quotes and expert advice on planning your dream yacht charter experience.