MYBA CHARTER CONTRACT

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.

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.