€
31,000
/ WEEK
Charter rates include:
Hire of yacht and her equipment (on board entertainment equipment, auxiliary crafts and water toys
included) and crew wages. Information on each crewed charter yacht’sfacilities and equipment can be found
at www.istionluxuryyachts.com. All Yachts are listed in CYA, Yachtfolio and Charter Index.
Charter rates do not include:
• All crewed yachts are quoted ‘Plus Expenses’ and the specific terms often referred to as "MYBA terms"
stipulate that the charter fee includes charter of the yacht and equipment, crew wages and food, ship's
laundry, basic operating consumables, and insurance of the yacht for marine risk, third party claims, and
the crew for employer's liability insurance. Yachts quoted as ‘plus expenses’ means that the Charterer
will be charged at cost, for all other expenses. These expenses include but are not limited to food and
beverages for the charter guests, fuel for the yacht and auxiliary craft(s) and water toys, berthing fees,
harbor and pilot fees, customs charges, divers' fees where required, communication charges, VAT, taxes,
communications, guest laundry, shore-side electricity and water, onshore transfers and tours and
anything else not specifically included in the charter fee.
• APA (Advance Provisioning Allowance): In crewed charters, the Charterer pays upfront an estimated
amount for these expenses, this is then forwarded to the Captain who will be responsible for making all
payments as necessary, accounting of Charterer’s expenses, advising the latter periodically as to the
disbursement of the APA and providing at the end of the charter a breakdown with as many receipts as
possible. The amount provided up front for such expenses is called Advance Provisioning Allowance
(APA), it is collected with the last payment before the charter and its purpose is to enhance the level of
services rendered, by allowing the Charterer to remain un-distracted by day to day expenses. Deductions
from APA represent expenses accrued and paid for from APA. Being an estimated allowance, APA is
usually calculated at between 20 and 35% of the charter fee depending on the yacht specifics and the
charter location. The final, actual expenses accrued may be more or less depending on Charterer’s
individual requirements. Should the Charterer spend more than their estimated expense allowance,
additional payment will be required during their charter and under all circumstances the Charterer must
settle all accounts in cash before disembarking at the end of the charter. Conversely, any unspent APA
will be refunded to the Charterer at the end of the charter.
• VAT: As stipulated by Greek Law, Value Added Tax is collected by the Owner at the expense of the
Charterer. The Charterer shall at all times be liable to pay for the VAT amount applicable by Law at the
time the charter is executed. Charter VAT nominal rate is 24%. For charters of duration that exceeds 48
hours, on condition that it is proven to have sailed at high seas for over 60% of the charter period and
over 60% of the distance travelled during the charter, then the nominal rate is discounted by 50% or
more. Should the Charterer fail to fulfill the conditions for VAT discount application or should any
changes in applicable tax legislation take place after the issuance of the charter agreement, that result
in change of final charter VAT and hence of total amount(s) due, then the difference will be credited or
debited accordingly to the Charterer. VAT legislation and the resulting VAT rates and conditions
applicable are subject to change without prior notice, at no responsibility of the Broker, Stakeholder or
Owner.
• Crew Gratuities: All of our yachts support MYBA tipping policy so Crew gratuities (tips) are at Charterer’s
discretion. A gratuity between 5% and 15% of the contracted gross Charter Fee for the entire crew is
generally suggested to the Charterer but it should be clear that the Charterer is under no obligation to
leave a gratuity and at no time should a gratuity be solicited, either verbally or in written form when the
Charterer is settling the final account.
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