cost of chartering a mega yacht

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How Much Does It Cost to Charter a Superyacht? Your Complete Guide

Chartering a superyacht is a perfect example of luxury, offering an unparalleled experience on the open seas and making it the ultimate yacht charter for adventure seekers.

But what does it entail, and how can you make the most of it? This guide explores the essence of superyachts, highlighting their benefits, including privacy and customizable itineraries for a tailored experience.

We break down the factors that influence charter prices and provide average pricing insights. Additionally, we outline extra expenses to keep in mind, such as dockage fees (the fees paid for parking the yacht at a port) and fuel costs.

Whether you’re dreaming of a lavish getaway in the Mediterranean or planning a special event in the Caribbean, understanding superyacht charters will help you navigate your journey with ease.

What Is a Superyacht?

An example of a luxurious superyacht, showcasing its design and comfort.

A superyacht is a luxury recreational vessel designed for maritime leisure, providing exceptional comfort, style, and a wide array of amenities. These vessels are typically staffed by highly trained professionals dedicated to fulfilling the diverse needs of their guests.

Superyachts can be classified as either sailing yachts or motor yachts , with a standard length exceeding 24 meters .

Their impressive design is complemented by their ability to deliver high-quality on-board services tailored to the preferences of discerning clientele, including those seeking a private yacht charter experience in prestigious locations such as the Mediterranean or the Caribbean .

What Are the Benefits of Chartering a Superyacht?

When you charter a superyacht, you unlock a world of exclusive benefits that enhance the luxury experience for guests. This provides a personalized journey that aligns with individual preferences and desires, especially for those interested in a crewed charter.

Guests are welcomed by beautifully designed interiors and superior on-board service , which foster an atmosphere of opulence and relaxation. A professional crew is dedicated to addressing every need, ensuring exceptional service is delivered throughout the entire voyage.

1. Ultimate Luxury and Privacy

One of the most compelling reasons to charter a superyacht lies in the unparalleled luxury and privacy it affords. This creates an exclusive retreat that is difficult to replicate.

From the breathtaking views to the opulent interiors , every element of a chartered superyacht is meticulously designed to deliver an exceptional experience that prioritizes guest comfort and seclusion, away from the distractions of crowded tourist locations.

These magnificent vessels typically come equipped with a variety of exclusive amenities, including:

Private sundecks
Infinity pools
Gourmet kitchens staffed by world-class chefs
Personal spa treatments
State-of-the-art entertainment systems
Luxury water toys

Guests may indulge in exquisite dining experiences, enjoy serene environments accessible only by these superyachts, and relax in tranquility under the sun or starlit skies, far removed from the demands of everyday life.

2. Customizable Itinerary

Another significant advantage of chartering a superyacht is the opportunity to establish a customizable itinerary that caters to the distinct preferences of the guests.

Whether navigating the breathtaking coastlines of Greece or exploring the vibrant harbors of St. Tropez , the flexibility of a yacht charter enables guests to discover their desired destinations at their own pace, with the option to stop at hidden gems along the way.

This tailored approach not only enhances enjoyment but also ensures that each moment spent on board is truly memorable. Consider the experience of awakening amidst the turquoise waters of the Caribbean, engaging in activities such as snorkeling or indulging in a beach picnic one day and seamlessly transitioning to the picturesque Amalfi Coast the next.

A private yacht charter provides access to exclusive locations and experiences, including private dining on secluded beaches and enjoying a sunset cocktail with views of ancient ruins. This enriches every aspect of the journey, transforming it into a once-in-a-lifetime adventure.

Don’t miss out on your chance to experience the thrill of a superyacht adventure!

In conclusion, chartering a superyacht offers an unmatched opportunity for luxury, privacy, and personalization. Explore the world of superyacht charters and contact a charter service to start your unforgettable journey today.

3. Personalized Service

Experience unmatched personalized service aboard a superyacht! The dedicated crew is prepared to attend to every whim and need of the guests. This attention to detail ensures an unforgettable experience, making every moment onboard special.

From gourmet dining prepared by top chefs to customized excursions, guests can indulge in carefully crafted meals featuring the freshest ingredients . Personal tastes and dietary restrictions are always considered. Excursions can be tailored to explore secluded coves or vibrant coastal towns , offering an authentic connection to the destination.

The luxurious amenities onboard range from lavish spa treatments to private movie screenings . These guarantee that relaxation and entertainment seamlessly coexist. The crew often rely on tips to reflect their dedication and hard work, underscoring their commitment to creating an unforgettable journey customized specifically for each guest.

4. Wide Range of Amenities

A luxurious superyacht showcasing amenities.

Superyachts are distinguished by their extensive range of amenities , ensuring a truly luxurious journey. Some of the standout features include:

The ample guest capacity allows for a variety of options, making each charter unique and inviting while upholding an exceptional standard of onboard service.

These extraordinary vessels frequently include gourmet kitchens, staffed by world-class chefs who prepare culinary masterpieces. Every meal becomes an unforgettable dining experience showcasing the best of luxury.

Many yachts are equipped with watersports facilities , including jet skis , snorkeling gear , and diving equipment . Guests can engage in thrilling aquatic adventures while exploring breathtaking destinations like Antalya and the Monaco Grand Prix .

Several yachts also have impressive outdoor dining areas and sun decks furnished with plush loungers. These create perfect settings for relaxation and sunbathing, especially during the Cannes Film Festival .

With such a diverse array of amenities, luxury yachts redefine the concept of travel, catering to the desires of every guest onboard. Don’t miss out on the luxury experience!

What Are the Factors That Affect the Cost of Chartering a Superyacht?

Several factors significantly influence the charter price of a superyacht. It is essential for potential charterers to comprehend these elements for effective planning and budgeting , especially regarding the advance provisioning allowance.

Seasonality , destination , and the chosen type of yacht are critical in determining the overall costs associated with a private yacht charter. Other expenses like dockage fees and fuel costs can accumulate rapidly and should also be factored into the overall budget.

1. Size and Type of Yacht

The size and type of yacht are primary factors influencing charter prices . Larger luxury yachts typically incur higher costs due to their extensive amenities and crew requirements . The choice between a sailing yacht and a motor yacht significantly impacts the overall experience and the financial commitment involved.

For instance, a motor yacht, known for its speed and opulent features like Jacuzzis and spacious deck areas, may command a premium price compared to a sailing yacht. The latter may offer a more tranquil and eco-friendly experience , appealing to environmentally conscious travelers.

The yacht’s size can also determine the number of guests accommodated and the level of service provided. Superyachts often come equipped with dedicated crews that enhance the luxury experience and cater to specific requests.

Understanding these distinctions is crucial for clients. It can greatly influence their decisions and help align their preferences with their budgetary expectations , particularly regarding luxury yacht charters.

2. Season and Destination

The season and destination selected for a yacht charter significantly affect the charter price. High season periods typically result in elevated costs. The Mediterranean is particularly sought after during the summer months. However, if you’re flexible with your travel schedule, opting for the low season can yield substantial savings.

This exquisite region is renowned for its stunning coastal vistas and cultural landmarks . It becomes a premier location during peak summer when demand is at its highest. Travelers looking for a more intimate experience may discover that visiting during shoulder seasons or off-peak periods offers reduced crowds and competitive pricing.

Specific events, like local festivals and regattas , can also affect availability and pricing. Therefore, it’s wise for individuals considering a yacht charter to conduct thorough research regarding their desired timeframe. Aligning travel plans with seasonal trends can enhance your sailing experience while maintaining budgetary considerations.

3. Charter Duration

The duration of the charter is a significant factor affecting the overall price. Extended charters typically offer better value and are often associated with discounted rates . Yacht brokerage companies frequently provide competitive pricing based on the length of time guests wish to spend onboard, allowing for enhanced luxury experiences at a more economical cost.

Individuals seeking to fully immerse themselves in the yachting experience may find that committing to a longer charter duration results in substantial savings. Choosing a week or more instead of a few days can considerably lower the nightly rental cost .

Extended charters often allow guests to explore multiple destinations , enriching their overall experience while being mindful of their budget. Understanding how charter duration impacts pricing can aid in making informed decisions when selecting a yacht through a brokerage.

4. Additional Expenses

Image of yacht charter pricing infographic

In addition to the base charter price , charterers must consider several additional expenses:

Dockage fees
Crew gratuities

Understanding these costs in advance enables guests to make informed decisions and avoid unforeseen expenses during their luxury experience.

Keep in mind that fuel costs can vary considerably based on the yacht’s size and itinerary, often representing a substantial portion of the total expenses. Dockage fees imposed by marinas can accumulate rapidly, especially in high-demand locations during peak seasons. Additionally, many charterers choose to provide gratuities for the crew , typically calculated as a percentage of the charter fee, enhancing service quality but contributing to overall expenditure.

By incorporating these factors from the outset, renters can effectively manage their luxury travel budget without sacrificing enjoyment during their voyage.

What Is the Average Cost of Chartering a Superyacht?

The average cost of chartering a superyacht can vary widely based on several factors, including the size of the yacht , the level of luxury , and the duration of the charter . Prices can range from thousands to millions of dollars .

For example, day charters may appeal to those seeking a brief getaway, while weekly and monthly charters often offer comprehensive experiences at a more advantageous price-per-day rate .

Book now to secure the best rates for your dream yacht getaway!

1. Day Charters

Day charters offer a fantastic way to experience the luxury of a yacht without the commitment of a lengthy stay. Prices for these charters vary based on the specifications of the yacht , including features like superyacht amenities and the selected destination. Guests typically enjoy a full day of indulgence onboard, complete with gourmet meals and various water activities.

The experience is tailored to individual preferences. Guests can find joy in snorkeling in crystal-clear waters , sunbathing on the deck , or savoring a personalized menu crafted by a private chef.

With day charters, clients can choose from a diverse range of luxurious vessels , from sleek modern motor yachts to classic sailing boats. Each option boasts unique amenities such as jacuzzis, spacious lounges , and exemplary service .

This versatility and exclusive ambiance make day charters a must-try for anyone seeking adventure, especially for special occasions , romantic retreats , or simply a day of enjoyment at sea.

2. Weekly Charters

Weekly charters provide a deeper experience, allowing guests to explore multiple destinations at a relaxed pace. Costs reflect the extended duration onboard, making these charters better value per day compared to day charters, especially in popular cruising areas like the Mediterranean.

This type of charter enhances adventure by allowing ample time for exploration. It offers a unique chance to appreciate the local culture, cuisine, and hidden gems of each location. Guests can expect personalized services, including dedicated crew members , gourmet meals , and luxurious amenities that elevate their journey.

With an average cost of $15,000 to $50,000 for a week—depending on the yacht and itinerary—this investment promises unforgettable experiences that perfectly blend relaxation with adventure in some of the world’s most stunning waters.

3. Monthly Charters

Monthly charters are ideal for those seeking a comprehensive luxury experience . They allow guests to immerse themselves in selected destinations over an extended period. While the initial investment may seem high, the per-day rate often leads to significant savings, especially for larger groups or families looking to fully enjoy the lifestyle and amenities of a superyacht.

This arrangement not only enhances comfort but also opens doors to exploration. Travelers can discover a range of ports and captivating locales at a comfortable pace. The luxury experience includes customized itineraries , personalized services , and exceptional culinary offerings , all contributing to a memorable vacation.

Since charter prices reflect the all-inclusive nature of these trips, guests can indulge in their experience without worrying about hidden fees or unexpected costs. Embracing this lifestyle during week-long excursions or longer is an unforgettable way to create lasting memories while enjoying the finest aspects of yachting in popular locations like St. Tropez and Monaco .

What Are the Additional Expenses to Consider?

An infographic about additional expenses for chartering a superyacht.

When chartering a superyacht , consider the following additional expenses that may not be included in the base price:

Advance provisioning allowance

These factors can add up quickly, so it’s essential to plan accordingly.

1. Fuel Costs

Fuel costs make up a significant portion of the additional expenses associated with chartering a superyacht. These expenses can vary considerably based on factors like the yacht’s size, cruising speed , and travel distance .

Understanding these costs in advance enables guests to better plan their budgets and avoid unexpected financial burdens during their luxury experience. Yacht owners typically calculate fuel consumption based on the vessel’s engine efficiency and specific itinerary.

It is essential for potential charterers to evaluate these factors beforehand, especially when considering a crewed charter , which includes a crew to assist guests. Fluctuating fuel prices can significantly impact the overall charter price, sometimes resulting in surcharges if costs increase during the charter period.

To obtain an accurate estimate of fuel costs, guests should consult their charter broker , such as Northrop & Johnson . They can provide insights on expected consumption and market trends.

Considering the yacht’s speed preference and travel distance gives clients the power to make informed decisions, enhancing the enjoyment of their prestigious voyage.

2. Food and Beverages

The costs associated with food and beverages onboard can vary significantly based on guests’ preferences and dietary requirements. This makes it a critical aspect of additional expenses to consider.

Enjoy gourmet meals prepared by a dedicated chef that cater to your unique tastes. These services will also contribute to the overall costs.

Beverages can further impact the budget. Guests may enjoy:

Craft cocktails
Non-alcoholic options

Guests often have unique requests; some may prefer organic ingredients or specific cuisines, which can influence the overall cost. It’s important to factor in crew gratuity , typically calculated as a percentage of the total charter cost, including food and beverage expenses.

Customizing culinary experiences enhances the overall trip while also affecting financial considerations. Clear communication regarding preferences is essential for ensuring an enjoyable vacation, especially when exploring the superyacht amenities available.

3. Docking and Port Fees

Docking and port fees represent a significant aspect of the additional expenses associated with chartering a luxury yacht . These fees depend on factors like location and duration of stay at the port.

These fees can accumulate rapidly, especially in high-demand destinations like Monaco or Cannes during high season . It’s crucial for charterers to incorporate them into their overall budget.

The fees are influenced by the yacht’s size, the services requested , and the specific superyacht amenities offered by the port. Additional charges for electricity , water , and waste disposal can further increase overall expenses.

In busy ports, costs may fluctuate based on seasonal demand and availability . Charterers should be mindful of both basic docking fees and any potential hidden costs , including dockage fees .

Plan early to avoid unexpected costs! This will ensure a seamless and enjoyable luxury experience on the water without financial burdens.

4. Crew Gratuity

Crew gratuity is a key part of the total cost when chartering a superyacht. It reflects the quality of service provided during your voyage.

Charterers usually tip the crew based on the service level they receive. Gratuity typically ranges from 10% to 20% of the charter price, so plan for this expense in your budget.

This tip shows appreciation for the crew’s hard work. It also encourages them to provide outstanding service.

When planning a crewed charter, remember to include gratuities with other costs:

Every crew member plays a vital role in your experience. From chefs who prepare delicious meals to deckhands who keep the yacht spotless, their efforts greatly enhance your journey.

A well-thought-out gratuity can uplift the onboard atmosphere. This creates lasting memories, especially for adventure seekers exploring beautiful destinations like the Caribbean or Greece.

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Yacht Charter Costs Explained

A comprehensive breakdown of your charter costs and fees.

When you begin planning a luxury yacht charter it is important to be aware of what is included in the cost of booking your dream charter yacht. although a yacht will have a base charter fee, this may or may not include additional expenses such as food and fuel and this is subject to the terms and conditions within the charter contract. there are various types of charter contracts and which one applies to you will depend on where you wish to cruise., high season.

High season refers to the most popular weeks of the year for yacht charter, whether it’s the winter period in the Caribbean or the height of summer in the Mediterranean , booking in high season requires early planning, determination and a big budget. In addition, planning a yacht charter to coincide with a major event will also be reflected in the price with marine spots for elite events often booking up early. Allow plenty of time when making enquiries to ensure a star studded, well prepared arrival.

Low season typically refers to any time outside of the high season periods. Groups of families and friends looking for a relaxing luxury vacation are advised to avoid high season weeks and opt for weeks outside of this time. The busiest periods are of course reflected in the charter costs and can be up to 15 to 30 percent more expensive than typical low season periods. Chartering a few weeks either side of these busy periods can be almost exactly the same, with the weather almost unchanged in some places, with far less crowds.

Take to our detailed destination guides and browse the yachts available in your chosen destination. Some of the most successful superyachts in the industry can be reserved up to a year in advance and as most yacht brokers will warn away from last minute bookings, it is better to book early and have the pick of the bunch rather than miss out at the last moment. Browse the Events section for details on upcoming festivals and sporting events or visit our Finding a Yacht Broker page to begin your planning your luxury yacht charter.

This article will go into detail of the costs to be expected when planning and booking a yacht charter. From the base charter fee of a yacht, what is covered within the fee and how it may vary in addition to details of contracts and how an Advance Provisioning Allowance (APA) can be used to manage any expenses.

Base Charter Fee

The base charter fee in essence refers to the hire cost of the yacht itself, with all equipment in working order in addition to the cost of food and wages for the crew during the entirety of the charter. This is essentially all the base charter fee covers with additional expenses often applicable on top. The base charter fee will vary from one yacht to another and this may be down to any number of reasons from size and on board amenities to the charter season. For instance, the base rate of a charter yacht may increase in "high season" and reduce during the "low season". "High season" and "low season" refers to the busiest and slowest periods for yacht charters though this may appear misleading, as these peak times refer to periods of weeks as opposed to full seasons. In addition, you may find that a yacht is also more expensive during special events such as the Monaco Grand Prix, Cannes Film Festival and America's Cup. Unless you are keen to charter a yacht for a particular "high season" event, choose your dates carefully as although a "high season" rate will be more expensive than the "low season" the two can sometimes share much of the same weather conditions.

Aside from seasons and events, yachts of the same size may also differ in price and this may be down to a vast difference in on board amenities. A yacht which boasts an on board cinema or lavish water toys may have a higher base rate compared with a yacht of minimal amenities of the same size. If it is unclear as to why two yachts of the same size are vastly different in price, ask your yacht broker to explain what the differences are. Once you are clear on what the base price is and why, it is important to discover what costs will be applicable on top and this is dependent on the type of charter contract used.

The type of charter contract applicable to your charter will depend on where in the world you are cruising, as there are various terms within the industry which dictate how the payment structure is determined. For instance, a MYBA (Worldwide Yachting Association, formerly known as Mediterranean Yacht Brokers Association) contract operates under Western Mediterranean Terms (WMT) and is arguably the most commonly used, particularly with large yachts embarking on a Mediterranean yacht charter. This contract is often referred to as a "plus all expenses" contract and requires that the charterer pay for fuel, food, beverages and dockage fees as an additional expense outside of the base charter fee. Typically, guests can accumulate an additional 25% to 50% of the base charter fee though this is dependent on what is consumed. These expenses can be tracked through the use of an Advance Provisioning Allowance (APA) which we will cover in the next section.

Alternatively, smaller yachts on a Caribbean yacht charter can expect a "mostly all-inclusive" contract known as Caribbean Terms Inclusive (CTI) sometimes referred to as Standard Caribbean Terms (SCT). The Standard Caribbean Terms greatly differ from Western Mediterranean Terms, as the Caribbean terms include three meals a day in addition to four hours cruising per day which is included in the base charter fee.

In addition to the commonly used MYBA terms and Standard Caribbean Terms, there are also less frequently used terms such as Standard Eastern Mediterranean Terms (SEMT) and Greek Terms (GI). Read our guide on Understanding Charter Contracts for more information and if you are unsure as to what is included under the terms of your contract, be sure to ask your broker.

Advance Provisioning Allowance (commonly referred to as APA)

Irrespective of the charter contract it is important for guests to be aware of the Advance Provisioning Allowance (APA). The APA was designed to enable charterers to manage their expenses through a clear and trackable arrangement. An APA is a way to deposit the estimated expense amount of your charter to cover costs such as fuel, food and dockage fees. Typically, the APA accrues to approximately 25% to 30% of the base charter fee, though this does of course depend on the charter parties tastes and requirements and could be far less or far greater than this estimation. For instance, charter guests who intend to regularly dine on caviar and vintage wine can expect to pay more, whereas guests on board a sailing yacht charter can expect to save on fuel costs. Charterers can request an estimated APA amount from the yacht broker based on their on board expectations.

The APA is to be paid approximately one month prior to boarding the charter yacht and is paid directly to the Captain of the yacht. Once the APA has been paid to the captain it will then be retained as a bank account of sorts, from which the captain can make expenditures whilst keeping a record of what has been spent. At any point during the yacht charter guests can request a rundown of accounts from the captain as a way of keeping track of expenditures. The captain will request that any additional funds are paid during the charter should guests exceed the APA. It is therefore a good idea to keep an additional account with your yacht broker on shore, as should the APA become critically low at any time the yacht broker can release additional funds to the captain on the charterers command. Cash can be used if necessary though an on shore account may be deemed as hassle free to some.

It is important to remember that food and fuel for example, are charged at cost without mark up to the charterer and upon disembarking, transactions can be reviewed by the "head" charterer and Captain with any remaining funds to be paid back to the charterer.

Fuel and Dockage Fees

It is important to remember that whilst considering fuel costs, the fuel consumed when using jet-skis and tenders will also apply to the charterer. In addition, whilst docked at a marina the generators used in order to produce electricity will also use fuel. The distance travelled and speed of cruising also affects fuel costs and it is important to bear these factors in mind. Dockage fees may vary from very little to large sums and this is dependent again upon the location and whether you wish to dock during a special event such as the Monaco Grand Prix.

Although insurance costs are not directly connected to the charter costs as such, it is useful to bear in mind should you with to take out Charterers Liability Insurance or Cancellation and Curtailment cover. You can read more information regarding insurance in our How to Book and Plan a Yacht Charter article.

Value Added Tax (VAT)

European Union (EU) tax laws state VAT will apply should you disembark within their waters, for example Italian territorial waters. This may also apply to some Caribbean islands. Commercially registered vessels are usually VAT exempt though vessels which are not commercially registered will be liable for VAT for all charters within the EU.

No request is too large or detail too small on a yacht charter though it is wise to keep in mind the shipping costs should you request an expensive bottle of champagne to be transported to you whilst you are residing in a secluded bay of the Caribbean. It is important to understand the entire payment structure to ensure no unpleasant surprises arise and it is often prudent to keep an escrow account with your broker on shore in order to control charter costs without having to carry cash on board.

Getting Started

Understanding Charter Costs
How To Choose Your Yacht
Finding a Yacht Broker
Activities On-Board
Yacht Charter Seasons
Understanding Charter Contracts

Before You Go

On Board Etiquette
What to take on your charter vacation
Charter Preferences
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