MYBA charter agreement and payment terms

MYBA Charter Agreement & paiement terms

The MYBA charter agreement is the most extensively used yacht charter contract today.

Under "MYBA terms" the charter fee includes the hire of the yacht with all its equipment in working order, the crew wages and food, the yacht insurance and ship’s laundry.

All other expenses of your charter (food, drinks, harbour fees, fuel for the yacht and tenders...) will be charge additionally and at cost (see APA).

Although MYBA terms are the most commonly used, in some instances charters may operate under different terms. For example in the Caribbean some yachts offer Caribbean terms which usually include all expenses except drinks, specialty food, communication, harbour dues, and the fuel consumed above four hours cruising per day.
Terms and conditions may vary from yacht to yacht, and consequently the above explanations should be used as a general guide. Your yacht broker will confirm the specific terms and conditions of your chosen yacht.


Advance Provisioning Allowance (APA)

In addition to the charter fee, you will also be asked to pay an APA of 30% of the charter fee. Few days before embarkation, this amount will allow the Captain and the Chef to provision the yacht as per your food and drinks preferences, and to cover any other expenses relating to your charter, such as fuel for the yacht and its tender(s), port fees, communication costs etc.
The Captain will advise you periodically as to the disbursement of the APA.

At the end of the charter, the captain will produce full accounts and receipts of all expenditures charged at-cost. You will either be refunded any money not used or asked to pay any additional costs not covered by the APA. In all cases, any outstanding accounts will be settled with the captain on board and prior to disembarkation.