Yacht travel is a glamorous experience that few other things can match. After a year of being indoors, the endless possibilities for exploration in the most luxurious settings, with the wind blowing through your hair, is even more appealing. A private yacht charter could be the ideal escape from the chaos of the pandemic as we come out of its grips. One of the most frequently asked questions by novice charterers is “How much does it cost to charter a yacht?”
We at Elite Traveler are here to answer this question as well as many others. For Yacht Rental Turkey
we have compiled the most important costs for anyone who is thinking about a yacht charter.
What is the yacht charter price?
There are two main types of yacht charters: the all-inclusive and the more common “plus expenses” charters. An all-inclusive yacht charter costs almost everything, including crew, fuel, and water sports equipment. However, this can vary from charter company to charter company. Some all-inclusive charters will not include dockage and mooring fees. This can quickly add up, but we’ll get to that later.
A ‘plus expenses’ charter, also known as ‘separated costs’, is where a base price for the ship and crew is charged. All other expenses are paid through an APA (Advance Provisioning Allowance). Before a voyage guests complete a preference form with their preferences. This allows the chef and the service team to stockpile the guests’ favorite items. This is a common practice on superyacht charters, as it allows for a more personalized experience.
Is the cost of chartering a yacht affected by its size?
Price will be affected by the reputation of the crew, age and design of the yacht. However, the biggest factor that will affect cost is the yacht’s size. The larger the yacht, you will pay more.
Burgess, the leading yacht brokerage, offers a week-long charter in the Caribbean aboard the 163.3 ft Home for $245,000. The price for Laurentia at 180.5 feet starts at $450,000. The yachts can accommodate 12 guests and were constructed by Heesen, a leading Dutch shipyard. However, the prices are over $200,000 different. You can expect a higher average price per head for larger ships.
Novice charterers may be surprised to find that a bigger yacht does not automatically mean a greater guest capacity. International Maritime Organization safety regulations limit superyachts to 12 guests.
Is the yacht type a factor in the price?
Yes, but not to the same extent as its size. There is something for everyone in yachting: Classic yachts, built between 1920 and 1970, allow you to feel the old-school glamour of an era gone by. Sportfishing yachts offer a longer range and are agile enough to take you to the best diving and fishing spots.
While sailing yachts are popular among boating enthusiasts, motor yachts are the most sought-after charter yachts. These yachts are what you think of when you think about a superyacht. They also (size dependent) tend to be the most costly type of yacht to charter. These motor yachts are designed to withstand extreme conditions. If you plan a superyacht charter to Antarctica for luxury, then it will likely be on an Explorer Yacht.
The popularity of explorer yachts has risen over the past decade among adventurous travelers seeking opulent adventure on seven seas. The world’s fastest explorer yacht, 311.68 feet Bold, is available for a week at a cost of $964,300. It is also one of the most expensive yachts in the world to charter. This is comparable to what you’ll pay to charter the creme de la creme superyachts like the O’Pari. The O’Pari 312 ft charter comes with custom artwork and a DJ booth starting at $1.1 million.
Chartering in certain months is more expensive than other months?
Your charter price will be affected by the time of year. There are two main seasons in yachting – summer and winter. Chartering during peak periods will increase the charter price. Summer season runs from May through October with peak rates in July, August and August. The winter season is from November through April. Peak rates are during the Christmas holidays and well into the New Year. The cost of a charter is also determined by its location. For example, Caribbean charters tend to be more expensive from December through March while Mediterranean charters tend to be the most expensive during the summer months.
How about unexpected expenses, gratuities and costs that are not expected?
Even a Mediterranean jellyfish cannot sting an inexperienced first-timer like end-of-trip costs. Your APA must be paid before you can set sail, as mentioned above. The ship will keep a detailed list and ask you to pay the remainder of the charter amount. It works both ways, so any unused APA will be refunded. Crew gratuities are not included on all-inclusive or ‘plus expense’ yacht charters. The going rate for a charter is approximately 15 to 20% if you are satisfied with the service.
Docking fees are a fee you pay to park your yacht in a marina overnight. They may or not be included in the charter price, depending on the agreement. These fees can vary depending on where you are, what time of the year it is and how big your yacht is. High season is when you will pay the most docking fees in the Mediterranean. The highest premiums are paid by Capri and St Tropez.
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