Types of Charter Contracts
In order to book a luxury mega yacht vacation, you must sign a contract with the owner of the yacht. Several standard contracts are regularly used within the crewed yacht charter industry. Our experts at Regency Yacht Charters are trained to negotiate them all, including those that are used in the Americas, Europe, and worldwide.
Luxury Yacht Charter Contracts
Many mega yacht charters are booked using a MYBA contract, which was designed by the Mediterranean Yacht Brokers Association. Other crewed yacht charters are booked with contracts created by the AYCA, which is the American Yacht Charter Association. Still others use what is called a bareboat demise contract.
Finding the Right Contract
The yacht’s representative decides which contract will be offered based on things like the yacht’s certification in the country where it is registered, including whether it is officially listed as a private or commercial vessel. Your Regency Yacht Charters broker ensures that the contract is appropriate for the mega yacht that is being chartered, and then works exclusively on your behalf to negotiate the contract to your best possible benefit.