A Complete Guide to Chartering a Crewed Yacht in the Mediterranean: Cost Breakdown and Tips
Have you ever dreamt of sailing into the sunset, surrounded by crystal-clear waters and breathtaking views? Chartering a crewed catamaran or motor yacht can turn that dream into reality, offering an unparalleled experience of luxury and adventure. But before you set sail, it's crucial to understand the costs involved and how to navigate them. Let's dive into the details of chartering a yacht and break down the expenses for a group of eight guests, using an example like ALICE, with high-season rates.
Understanding the Basics
Chartering a yacht involves renting the entire vessel, along with its crew, for a specified period. This would include a captain, a deckhand and/or host/hostess and your very own private chef. The cost of chartering includes various factors such as the yacht's size, amenities, destination, seasonality, and additional expenses like VAT and provisions.
Breaking Down the Costs
Let's take the example of ALICE, a fantastic Lagoon 46 based in Athens with a high-season rate of €15,500 per week, excluding taxes and provisions. In Greece, a 13% VAT applies to yacht charters, and there's typically a 30% Advanced Provisions Allowance (APA) for covering expenses like food, fuel, and mooring fees.
Here's an outline of what the Advanced Provisions Allowance (APA) typically covers:
Advanced Provisions Allowance (APA):
Marina Fees:
Docking or mooring fees at various ports and marinas throughout the charter.
Provisions for the Week:
Food: Including groceries, fresh produce, seafood, meats, snacks, and any special dietary requirements for guests.
Household Supplies: Such as cleaning products, toiletries, and other essential items needed during the charter.
Chef's Ingredients: High-quality ingredients for preparing gourmet meals onboard.
Fuel for Engines and Generators:
Fuel for powering the yacht's engines and generators during navigation and while anchored.
Fuel for tenders and water sports equipment, such as jet skis and motorized toys.
Alcoholic and Soft Drinks:
Alcoholic Beverages: A selection of wines, spirits, beers, and cocktails for guests to enjoy during the charter.
Base Charter Rate:
ALICE's weekly rate for July & August: €15,500
Greek VAT (13%): €15,500 * 0.13 = €2,015
APA (30% of base rate): €15,500 * 0.30 = €4,650
Total Cost: €15,500 (base rate) + €2, 015 (VAT) + €4,650 (APA) = €22,165
Cost per Person
With eight guests sharing the expenses, let's divide the total cost:
Total Cost: €22,165
Cost per Person: €22,165 / 8 guests ≈ €2,770.00 per person + Gratuity ranges from 10% to 15% of the total charter cost, depending on the level of service provided.
Additional Considerations
While the base charter rate and APA cover most expenses, it's customary to tip the crew for their exceptional service. Gratuity typically ranges from 10% to 15% of the total charter cost, depending on the level of service provided.
Chartering a yacht offers an unparalleled experience of luxury, freedom, and adventure. By understanding the costs involved and how they're distributed among guests, you can plan your dream getaway with confidence. Whether you're exploring the Greek islands aboard ALICE or sailing to exotic destinations around the world, the memories created on a yacht charter are priceless.
Remember, it's not just about the destination; it's about the journey. So, set sail, soak in the sunsets, and make memories that will last a lifetime aboard your own private yacht.
Another Example
Let's calculate the Charter fee, VAT and the Advanced Provisions Allowance (APA) for chartering AZUL, the outstanding Lagoon 55 based in Corfu, with a high-season charter fee of €26,900, excluding 13% Greek VAT, and a 25% APA. Based on eight guests.
Base Charter Rate:
AZUL’s weekly rate for July & August: €26,900
Greek VAT (13%): €26,900 * 0.13 = €3,497
APA (25% of base rate): €26,900 * 0.25 = €6,725
Total Cost: €26,900 (base rate) + €3,497 (VAT) + €6,725 (APA) = €37,122
Cost per Person
With eight guests sharing the expenses, let's divide the total cost:
Total Cost: €37,122
Cost per Person: €37,122 / 8 guests ≈ €4,640.25 per person + Gratuity ranges from 10% to 15% of the total charter cost, depending on the level of service provided.
One Final Example
Let's calculate the Charter fee, VAT and the Advanced Provisions Allowance (APA) for chartering MOBIUS, a stunning Cantieri di Pisa 38m based in Athens, with a high-season charter fee of €75,000, excluding 6.5% Greek VAT, and a 35% APA. Based on twelve guests.
Base Charter Rate:
MOBUIS’ weekly rate for July & August: €75,000
Greek VAT (6.5%): €75,000 * 0.065 = €4,875
APA (35% of base rate): €75,000 * 0.35 = €26,250
Total Cost: €75,000 (base rate) + €4,875 (VAT) + €26,250 (APA) = €106,125
Cost per Person
With Twelve guests sharing the expenses, let's divide the total cost:
Total Cost: €106,125
Cost per Person: €106,125 / 12 guests ≈ €8,843.75 per person + Gratuity ranges from 10% to 15% of the total charter cost, depending on the level of service provided.
Do you any more help? Let one of our brokers finds you the perfect yacht for your charter!