MYBA – WMT, SEMT, EMT, GRK & SCT (CTI)
It is important, in order to budget correctly for a charter, to understand the terms under which the yachts operate. Please do be confused by these terms. We will gladly explain in more detail. An outline of the terms is as follows:-

A. MYBA – WMT – Western Mediterranean Terms

The Charter Fee includes the charter of the yacht with all its equipment in working order, tools, stores, cleaning material and basic consumable stores for engine-room, deck and cabins, etc., the crew’s wages, food and the insurance of the yacht for marine risk and third party claims and the crew for employer’s liability insurance. (If the yacht is not on MYBA terms then crew food may be charged extra). The Charterer will be charged extra, at cost to the yacht, for all other expenses. These include fuel for the yacht, fuel for the ski-boats or other tenders, food for the charterers, wines, beers, spirits and soft drinks for the Charterers, other consumable stores, berthing dues and other harbor charges away from the yacht’s own berth, including pilotage fees and charges for water and/or electricity taken from the shore, laundry, telephone, fax or telex via Satcom, Radio Telephone or telex costs, hire costs of special equipment placed on board at the request of the Charterer,

B. SEMT – Standard Eastern Mediterranean Terms

The Charter Fee includes the charter of the yacht with all its equipment in working order, tools, stores, spares, etc., the crew’s wages and the insurance of the yacht for marine risk and third party claims and the crew for employer’s liability insurance. The Charter Fee also includes fuel for up to five hours cruising per day (averaged throughout the charter), food for the crew, berthing dues and other harbor charges (except Corinthian Canal dues), including water and/or electricity taken from the shore. The arrangements about fuel charges sometimes vary. The Charterer will be charged extra, at cost to the yacht, for all other expenses, These include fuel for the ski-boats or other tenders, food, wine, beer, spirits and soft drinks for the Charterers, other consumable stores, berthing and harbor expenses outside the yacht’s normal cruising area, laundry, telephone, fax or telex via Satcom, Radio Telephone costs, hire costs of special equipment placed on board at the request of the Charterer.

C. EMT – Eastern Mediterranean Terms,- half board. (Found mostly in Turkey)

As with SEMT, the Charter Fee includes the charter of the yacht with all its equipment in working order, tools, stores, spares, etc., the crew’s wages and the insurance of the yacht for marine risk and third party claims and the crew for employer’s liability insurance. The Charter Fee also includes fuel for up to three* to five hours cruising per day (*depending on yacht and averaged throughout the charter), half board for the guests (breakfast and lunch), food for the crew, berthing dues and other harbor charges (except Corinthian Canal dues), including water and/or electricity taken from the shore. The arrangements about fuel charges sometimes vary. The Charterer will be charged extra, at cost to the yacht, for all other expenses, These include fuel for the ski-boats or other tenders, evening meal, if taken on board, wine, beer, spirits and soft drinks for the Charterers, other consumable stores, berthing and harbor expenses outside the yacht’s normal cruising area, laundry, telephone, fax or telex via Satcom, Radio Telephone costs, hire costs of special equipment placed on board at the request of the Charterer. Some yachts offer more inclusive terms.

D. GRK – Greek Terms

The rate quoted includes the hire of the yacht, the crew’s salaries, the insurance of the yacht, the crew’s food, sufficient fuel and lubricants for 4 (four) hours cruising per twenty four hours, harbor dues and pilotage within Greek waters, water & ship’s laundry. Extra to the charterer’s account are guests food and drink, bar, Corinth Canal dues where applicable and port taxes & harbor dues outside Greek waters.

E. Gulet Terms (Gulet Charter in Turkey)

The rate quoted includes the hire of the yacht, the crew’s salaries, the insurance of the yacht, the crew’s food, sufficient fuel and lubricants for 4 (four) hours cruising per twenty four hours, harbor dues and pilotage within Turkish waters, water & ship’s laundry. Extra to the charterer’s account are guests food and bottled water (a set amount which may be paid in advance), bar, port taxes & harbor dues outside Turkish Waters.

F. SCT – Standard Caribbean Terms; Caribbean Terms Inclusive (CTI)

The Charter Fee includes all expenses listed under MYBA-WMT and SEMT plus all food. Some yachts also include wine and bar, excluding vintage wines and champagne.In the Caribbean this is normally referred to as ‘All inclusive (Full board, vessel fully equipped with fuel and staff), but excluding bar, communications and cruising taxes, if any’. [Extras include: communications (your use of the yacht’s satellite or mobile phone), marina-type berthing, rendezvous diving, shore excursions, cruising tax.]

G. Operating expenses.
These vary depending on the area you cruise and the yacht you choose.  If fuel economy is important, discuss this with Taylor’d Yacht Charters at the beginning of your selection process.  There also may be some harbor fees and positioning (delivery) charges if your charter involves meeting or leaving the yacht in a place other than it’s home port.

H. Harbor Fees.
Often called dues in Europe, these vary from port to port.  Normally this is a small item in the charter budget, especially in the Caribbean or Pacific Northwest.

I. Gratuities.
Tipping yacht crews is both customary and discretionary.  The standard practice is to award 5% – 20% of the charter fee, based on you level of satisfaction, at the close of the charter.  It is customary for the charter party to leave the entire gratuity with the captain with suggestion as to how the gratuity should be distributed among the crew.

J. Deposits
Once you select a yacht, dates and location, Taylor’d Yacht Charters will provide you with a charter contract.  When you approve the contract, you will be asked to provide a deposit – usually 50% of the charter fee.  If it is a WMT – type charter, your expenses will be estimated for the purposes of the deposit.  Usually the balance is due 45 in advance of the charter.