What is a yacht charter contract?

Answer

A yacht charter contract is the legal agreement governing the charter between the relevant parties.

It normally sets out matters such as the yacht, charter dates, cruising area, charter fee, payment schedule, expenses, cancellation provisions, embarkation and disembarkation arrangements and the respective responsibilities of the parties.

The precise terms depend on the contract form being used and the particular charter.

Analysis

The contract is much more than an administrative document. It establishes the legal and financial framework for the charter and should be understood before signing.

Different jurisdictions and charter markets can use different contract forms and terms.

Broker Comment

We encourage clients to read the charter agreement carefully and ask questions about anything they do not understand. A professional broker should be able to explain the practical implications of the contract before you commit.