See full version: I ve been enquiring about chartering a specific yacht and in the paperwork they mention an APA under the expenses section. What exactly does APA stand for and how do I know if I m paying the right amount
The total amount of APA is estimated in advance of your charter and is typically calculated as a percentage of the total charter fee, usually 20-25% for a sailing yacht and 30-35% for a motor yacht, though this does of course depend on the charter parties tastes and requirements, the extent of your itinerary and the number of guests, and so could end up being far less or far greater than the estimation. [links]
APA (Advance Provisioning Allowance) was designed to enable charterers to manage their expenses through a clear and trackable arrangement. The charter fee you will be quoted is for the hire of the yacht and crew only, all other expenses are in addition to the initial charter fee. The APA is the standard arrangement for paying all expenses during your yacht charter.
Any credit that remains at the end of your charter will be reimbursed to you in full in cash, and likewise anything outstanding that needs to be paid is to be issued to the Captain by the charterer in cash prior to disembarkation. more
Under standard MYBA terms and conditions, the APA should be paid at the same time as issuing the final charter payment. This will then permit the Captain and Crew to plan in advance of departure. [links]
Your Captain should make every effort to warn you in advance if it looks like your expenses will exceed your APA. here
It is a straightforward way of creating a petty cash account for the Captain to cover all operating expenses including fuel, port fees, transfers to and from the vessel, food, drink, communications, as well as any special requests and incidentals on your behalf. The Captain will make all of these payments out of this account and must keep all receipts and balance the account for you. There are no mark ups on the APA and you can review the expenditure at any time.
To give you a complete rundown, here is an example of costs associated with a charter yacht vacation: here
To give you an example of yacht charter prices, here is a breakdown of how pricing typically works: more
Galati Yacht Sales’ charter program offers weekly and daily rentals for up to 10-12 people in a luxury private yacht where you can create lasting memories with family and friends. Our private yacht charters start at $3000 a day and go up to $21000 for a weekly rental. The best part about a yacht charter is you customize the agenda to best fit your wants and needs. Additional pricing measures for our private yacht charter program includes: (example pricing for 75’ Princess Yacht)
With private, low interaction vacations sounding more appealing than ever, you may be wondering just how much it costs to rent a private yacht charter for a few days or a week. Like any travel vacation, the cost will vary depending on your style of luxury. With a private yacht charter, costs will vary based on the yacht you book— its size, age, design, etc.— the destination, your trip duration, water toys, and other details. Also, yacht charters that are booked locally will cost less than destination trips to locations such as the Caribbean or Galapagos Islands. The bottom line, private yacht charters can be as affordable or expensive as you prefer.
Your Expense: Advertised Charter Rate + Running Expenses + Sales Tax + Gratuity
Marine mortgages, similar to a home mortgage, are available for owners interested in buying one.
Larger yachts around the 50-foot range can easily reach the $1,000,000 mark.
The cost of yacht is dependent on the year, make/model, length, type (sail, motor, super, passenger, commercial, power, high performance) and seller.
When traveling across the waters, gasoline can add up fairly quick. Yachts can have tanks as large as 5,000 gallons. more
Marina and ramp fees can cost more than $200,000 per year. Since you will have to store it, the costs will greatly depend on the size of your yacht and the marina. here
Rare models longer than 100 feet can surpass $5,000,000.
A third, less common charter is a ‘bareboat’ charter. This is a charter without a crew or provisions and only generally favored amongst experienced yachtsmen and women or those who can supply their own crew. more
As mentioned previously, with ‘plus expenses’ charters your APA is paid before you set sail. However, a detailed list of outgoings will be kept by the ship and if your expenses surpass the amount of your APA, you will be asked to cover the amount for the remaining charter. Saying this, it does work both ways – any unspent APA will be refunded to you.
Most importantly, there are generally two types of charter: an all-inclusive charter and the more common ‘plus expenses’ charter. As suggested by the name, the price of an all-inclusive yacht charter will include (almost) everything such as crew, food, drinks, fuel and water sports equipment (though always check as this does vary between charter companies). However, s ome all-inclusive charters won’t include dockage or mooring fees, which can soon add up – but more on that later.
Not even a Mediterranean jellyfish has the power to sting an unassuming first-time sailor like end-of-trip expenses.
Destinations such as Belize, the Mediterranean and Northern Europe’s England, Ireland and Scotland are easy to reach and have lots of yachts to choose from (for example, the more than 25 Mediterranean yacht charter options seen here), so they will be the most cost effective. This ease of access and competition among yachts keep costs lower. Destinations such as Alaska or the Galapagos Islands are more remote and have more complicated operational logistics and thus will cost more. For instance, in Belize you can book a yacht charter for as little as $400 per person per night whereas a private cruise in the Galapagos will start at about $600 per person per night and go up from there.
The timing of when you charter a yacht will affect the price. Holidays and high season will cost the most, while off-season and shoulder season will offer the most affordable prices. Of course, this will depend on the destination. For instance, a private Alaska yacht charter cruise in Glacier Bay National Park aboard the historic Catalyst & Westward costs about $525 per person per day in the shoulder season vs. $655 per person per day in the high season.
In the Wild West of internet shopping for yacht charters, be aware of this sometimes-deceptive practice.[links]