We use the MYBA charter agreement
In our work, we use MYBA contracts, agreements established by the Mediterranean Yacht Brokers Association. The MYBA Charter Contract is based on Western Mediterranean Terms (WMT) and is considered the most popular agreement format, especially for charters on larger yachts cruising in the Mediterranean.
Mastercharter Utilizes the Internationally Recognized MYBA Charter Contract
This type of arrangement is understood as a “plus all expenses” contract because, in addition to the standard charter fee, it requires the charterer to cover expenses such as fuel, meals, drinks, and dockage fees. The MYBA Terms include the rental of the yacht itself along with all onboard water toys and equipment. Additionally, the yacht crew’s salaries, meals, and laundry are included.
On the other hand, food and beverages for guests, fuel for the yacht and water toys, berthing fees, communication charges, and other extras are covered by an escrow account that you establish before your charter begins. Typically, additional costs range from 25% to 30% of the standard charter fee, although this can vary depending on your specific requests.
These expenses are usually covered by an Advance Provisioning Allowance (APA), which we will discuss in the following section.
APA (Advance Provisioning Allowance)
Regardless of the type of charter contract, passengers should be aware of the Advance Provisioning Allowance (commonly referred to as APA).
The APA was established to help charterers manage their onboard expenses in a transparent and trackable way. It serves as a prepayment fund, typically amounting to about 25% to 30% of the base charter fee, and is used to cover variable costs such as fuel, meals, beverages, dockage fees, and any special equipment or requests. However, this percentage may vary depending on the specific needs and preferences of the charter party. The APA is usually due approximately one month prior to boarding and is transferred directly to the yacht’s Captain.
Once received, the Captain manages the APA as a type of onboard expense account, making purchases as needed while carefully recording all expenditures.
Guests can request an updated expense report from the Captain at any point during the charter to monitor how the funds are being used. If the APA is exhausted before the end of the trip, the Captain will request additional funds. To streamline this, many charterers opt to maintain a secondary account with their charter broker, allowing the broker to release more funds if needed. Alternatively, cash can be provided if preferred.
At the end of the charter, the Captain and the lead charterer will review all transactions together. Any unspent APA balance is refunded to the charterer. The MYBA Charter Contract includes detailed APA provisions, ensuring transparency and mutual understanding between both parties throughout the booking and chartering process.
Mediterranean Yacht Brokers Association
The Mediterranean Yacht Brokers Association (MYBA) is a prestigious international organization that brings together leading experts from across the global luxury yacht charter industry. Founded in 1984, MYBA has established itself as a symbol of authority and excellence within the yachting world, representing the highest standards to which professionals aspire.
This worldwide association includes members involved at every level of the luxury charter sector. Its primary mission is to foster mutual support and encourage professional development, promoting both the highest professional and ethical standards.
Earning MYBA membership is considered a significant achievement, as it reflects proven business success and a strong commitment to ethical conduct. In addition to recognizing excellence, MYBA membership provides access to exclusive opportunities and global networks within the luxury yacht charter industry.
Booking contracts and Croatian standard contract
With over 15 years of experience in the Croatian yacht charter market, we have worked with a wide range of contract types used throughout the yachting industry. Depending on your preferences—or those of your agency, we can jointly determine which contractual arrangement is best suited to your specific needs.
In most cases, Croatian standard contracts are used for bookings on yachts with a weekly charter rate below €20,000. These contracts typically include the following in the charter fee:
- Crew wages
- Fuel for main engines (up to four hours of sailing per day)
- Generator fuel (24 hours per day)
- All crew meals and onboard accommodation
- Full linens and towels
- Yacht insurance
- Onboard customer service
- Sojourn taxes
- Use of selected recreational equipment
However, the following items are not included in the base price:
- Food and beverages
- Custom duties and charter permits (if chartering outside Croatia)
- Port and marina fees
- Use of water toys
This contract structure is designed to protect the interests of both the charterer and the yacht owner, ensuring a smooth and secure booking process.
Charter brokers
Charter brokers will be at your disposal to assist you throughout the contract process and help you understand your responsibilities and expectations. If you have any doubts or questions, don’t hesitate to ask for their advice.
The type of charter agreement used for your booking depends on various factors, primarily your cruising destination and the type of vessel you are chartering. Within the yacht charter market, several standard contracts are commonly used, including The MYBA Charter Contract, which is widely recognized for its clear structure and balanced terms for both parties.
We recommend reading your agreement carefully to understand all terms and conditions. If anything is unclear or you need further explanation, contact your broker for clarification. Once you agree to the charter terms, your broker will arrange everything for your review and signature.
- Please be aware that Value Added Tax may be imposed on the total charter fee and delivery expenses for charters in EU waters due to European Union tax regulations. In addition, local taxes may apply in other countries, and our brokers will inform you of current rates based on your preferred cruise location and itinerary.
- It’s important to remember that the fuel used by jet skis and tenders will also be charged to the charterer when calculating fuel expenses. Furthermore, while moored outside the marina, the generators used to produce electricity consume fuel. Fuel costs are also affected by distance and cruising speed, so please keep these factors in mind. Dockage fees can range from 500 euros to several thousand euros, depending on the location and whether you wish to dock during a particular event.
- Upon signing the Charter Agreement, a deposit of 50% of the charter price must be paid immediately. Typically, 45 days before the charter begins, the remaining 50% of the charter cost must be paid along with the Advance Provisioning Allowance, taxes, delivery/redelivery fees, and any other agreed-upon charges. The MYBA Charter Contract is often used as the standard agreement for such arrangements, ensuring clarity and professionalism in the process.
- Although it is common practice for a charterer who has experienced courteous and attentive service from the crew to offer a tip, gratuities are optional. Crew gratuities are typically in the range of 10% to 15% of the charter fee; however, they may vary depending on your level of satisfaction.
- Drug use is strictly prohibited under ALL charter contracts, and such behavior may result in the immediate termination of the charter without any refund to the client.
- Safety is also addressed in the contracts. The skipper will always do their best to fulfill all client requests but reserves the right to make final decisions to ensure the safety of the boat, crew, and guests.
- Yachts in Croatia primarily operate on a Saturday-to-Saturday schedule, especially during the high season.
If you have any question about our luxury yachts or our offers
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