Contract    -    MYBA Terms
Payment terms

Charter Fee:

50% of the charter fee should be paid within 7 days of signing the charter agreement and the remaining 50% at least 4 weeks before the beginning of the charter period.

Extra costs:

APA – Advanced Provisioning Allowance

Amounts to 25%-30% of the charter fee and is to be paid at least four weeks before the beginning of the charter period. The APA amount will be used to pay for all costs such as fuel, marinas, food, beverage and all other costs. Any unspent APA amount will be returned to the charterer by the captain at the end of the charter period. In case the APA amount is insufficient, the charterer will pay the balance directly to the captain. Transfer costs, if any, are the costs of delivering/redelivering the yacht to a port other than the yacht’s homeport. The transfer costs should be paid at least four weeks prior to the beginning of the charter period.

Payment Terms