What other costs should I budget for besides the yacht charter rate and APA?

Answer

Depending on the charter, additional costs can include applicable taxes, delivery or repositioning fees, marina and port expenses, fuel and other agreed expenses, as well as personal expenditure such as travel to the embarkation point, activities ashore and gratuities.

The exact structure varies by yacht, destination and charter agreement.

A complete quotation should make clear which costs are included in the charter rate, which are paid through APA and which are separate.

Analysis

The important number is the expected total cost of the holiday, not simply the yacht’s headline weekly rate.

Different yachts can have different contractual and operating cost structures, so comparisons should be made on a like-for-like basis.

Broker’s advice

This is where an independent broker can be particularly useful. We can compare the commercial structure of different yachts and explain where the headline rate doesn’t tell the whole story.