When do I pay for a yacht charter?

Answer

The payment schedule is determined by the charter agreement. A deposit is generally required when the charter is contracted, with the remaining balance due according to the terms of the agreement before the charter begins.

The exact timing can vary depending on the contract, yacht, destination and booking circumstances.

APA is generally handled separately from the charter fee and is paid in accordance with the applicable charter arrangements.

Analysis

Clients should distinguish between the charter deposit, the remaining charter fee and the APA. These are separate components of the financial arrangements for the charter.

Broker Comment

We will explain the payment schedule before you commit. If your booking involves unusual timing, a last-minute charter or a particularly complex itinerary, we can clarify exactly what is payable and when.