Burgess strongly recommends charterers take out Cancellation and Curtailment Insurance to protect their investment if unforeseen circumstances prevent or curtail their charter. Additionally, all members of the charter party should be covered by Personal Accident and Medical Insurance, and their personal effects should be insured against theft, loss or damage.
Other forms of insurance, such as Charterer’s Liability may also be prudent. Our brokers will be pleased to assist you with additional advice in this matter.
Burgess brokers have extensive experience and an unrivalled reputation in chartering yachts of 30 metre (100ft) and above. No other business has the same degree of specialist knowledge or professional commitment. While every effort has been made to present the varied and constantly evolving facets of chartering as simply as possible in this publication, the charter team will be pleased to offer any further clarification if required.
Charter rates are quoted per week for the hire of the yacht. Charters over seven days are calculated pro-rata against the weekly rate divided by seven and multiplied by the number of charter days. Charters less than seven days usually attract a premium, calculated as the weekly rate divided by six, multiplied by the number of days. Certain yachts will apply a minimum amount of days charter which can be confirmed by the broker.
High season rates usually apply to the most popular charter periods, i.e. July/August and Christmas/New Year, and are also normally applicable to all major events such as the Monaco Grand Prix and the Cannes Film Festival. Low season rates apply to all other periods (please note low and high season periods may differ for certain locations).
Please note that charter rates contained herein refer to summer 2019 and are believed to be correct at the time of publication but may be subject to change.
Most charter rates that appear in this publication are based on MYBA Terms, which imply that the yacht will be provided to the charterer in full commission and with all necessary equipment, properly insured for marine risks and managed by a crew, whose wages, food and clothing are for the owner’s account.
All other operating expenses are payable by the charterer and comprise (but are not restricted to) the following items: fuel and lubricating oils for the yacht and her tenders; local taxes; pilotage; port, harbour and marina dues; customs clearance; water and electricity; personal laundry; all provisions, wines, beers, spirits, soft drinks and consumables for the charterer’s party; shoreside excursions, telecommunication and internet costs. Please note that, occasionally, a yacht may offer a variation on the terms described above. Our brokers will provide full details of any charter terms that vary from standard MYBA Terms when presenting the relevant yachts. Whilst some yachts are legally permitted to charter in the US, others do not meet with American fiscal requirements and so are not available for charter whilst in US waters. Please enquire for further information on specific yachts.
VALUE ADDED TAX
Please note that due to European Union tax legislation, Value Added Tax may be charged on the gross Charter Fee and delivery costs for charters taking place in European Union Waters. Local taxes may also apply in other countries and our brokers will provide any prevailing rates according to your chosen cruising destination and itinerary.