Cost to charter yacht Monaco

As the demand for charter yachts has grown, so have the options to create a yacht charter experience that’s unique and perfectly tailored to each guest. However, the range of options can be daunting for those new to the concept. How much does it cost to charter a yacht? The answer depends on a number of factors.

Generally, the base charter fee covers only the rental of the yacht with her crew. The rest of the costs are typically paid via an Advance Provisioning Allowance (APA) or similar system. The Captain keeps a detailed list of expenditures throughout the charter and, at the end of your charter, any unused APA funds are reimbursed to you.

The size of the yacht and its amenities can significantly affect the final cost to charter. Newer, larger yachts tend to be pricier than older vessels of the same size. A renowned builder or well-known crew will also command a premium over an unknown team with less experience. Luxury charter yacht Monaco often offer a wide array of high-end amenities that can add to the overall cost. A stocked bar, private islands to visit, state-of-the-art water sports equipment and a dedicated spa team are just some of the luxuries you can enjoy.

How Much Does it Cost to charter yacht Monaco?

Destination and length of your charter also impact the final yacht charter price. Chartering in the height of summer in popular Caribbean or Mediterranean destinations can be considerably more expensive than a low-season trip to the same location at a different time. Charters that travel to far flung locations, such as Alaska or the Galapagos, will also be more expensive due to the additional logistical costs of reaching these remote destinations and adherence to SOLAS rules that require a higher crew to passenger ratio.

Food is a significant expense on any charter a boat. The more exuberant your dining expectations, the more you can expect to spend. Different yachts approach meal planning in different ways. Some include a standard selection of wines with every dinner and charge only for upgraded vintages, while others may choose to list the wine menu a la carte.

A major factor to consider when choosing a charter is whether it will be all-inclusive or plus expenses. All-inclusive yachts will have the base charter fee and crew gratuity included in the initial quote, while on a plus expenses charter, these items are listed separately.

In addition, there are other costs to consider, including delivery fees, insurance and taxes. Your yacht broker can help you determine what will be required for your particular situation and how this will impact the total charter cost. The best way to understand how much your charter will ultimately cost is to work with an expert yacht broker who can help craft the perfect yacht for you and then provide a detailed, accurate quote that will not be subject to any surprise costs or hidden fees.