Is It Expensive To Charter A Yacht?

The price can be affected in many ways by some factors. With all of this, it’s safe to say that, on average, a week-long charter has a price of $10,000 for luxurious sailing yachts and about $150,000 for superyachts.

What are the things that affect the price of the yacht?

As said earlier, the price can be affected in many ways by some factors, such as the type of the vessel, the destination of the charter and the length of the trip, the local taxes and the period of the year.

For the yacht, it’s important to know the year in which the boat was built and the builder also, the ones who owned the boat before you. Don’t forget that boats can be famous, too, so reputation is also a factor. Prices usually increase when it’s the high season, summer. And the destination matters, too. The price will increase when it comes to areas without large charter fleets, such as the Galapagos.

How much do you have to pay for a crewed vessel?

Miami Boat Rental Prices can be tricky. The price will surely rise if you want to hire a crew for your trip. The all-inclusive alternative usually means accommodation for all the guests, the cost of the fuel and food and drink. The dockage is, however, paid separately.

About the additional costs

There may be some additional costs, such as delivery fees (this is compulsory if you’re not chartering at the yachts usual cruising ground. It should just cover the fuel.), the crew (this represents 15-20% of the base rate of the charter and is given to the captain at the end of your charter)  insurance fees  (This is similar to a traveler’s insurance – it will help in covering the costs if a charterer cancels or even shortens the charter) and other taxes, and even Advanced Provisioning Allowance rates. This is about 25-35% of the base price of the yacht. It’s collected prior to a charter and it’s basically an expense account that is available to the captain. In some cases, you may have to replenish the account during the charter. You can do this by paying cash, but many people do it by setting up accounts with the charter brokers.

What is the price of a 100- foot yacht charter?

This actually depends on the type of vessel and the amount of time you’ll need it for. The weekly price is between 50,000-100,000. If you’re looking for a 100-foot motor yacht rental, the price is between $50,000-80,000.

Should you tip the crew?

It’s not a compulsory thing. But it sure is appreciated. If you had a good time, it’s a polite thing to do to tip your crew with 15-20% at the end of your journey.