Fees, Tax & Insurance
Fuel and dockage fees
Other aspects of a yacht charter which can affect fuel costs are the distance travelled and the speed of the vessel. All the fuel used is at the charterer’s expense which also includes fuel for jet skis and tenders. It’s worth remembering that while the yacht is docked at a marina, generators are used to produce electricity which also use fuel.
Depending on the location and season, dockage fees can vary quite significantly. When planning your itinerary, Yachtshop can advise you of these fees.
If you need further details about insurance, get in touch with Yachtshop. Many clients decide to take out Charterers Liability Insurance or Cancellation and Curtailment cover.
VAT (Value Added Tax)
Some Caribbean islands and certain European countries charge VAT if you should disembark in their territorial waters.
Vessels that are commercially registered are usually exempt from VAT while others have to pay VAT for charters within the EU.
Bear in mind details like shipping costs should you need any forgotten items to be flown to you while on board your superyacht. No request is too large or too small, so once again, don’t hesitate to ask.
There’s a payment structure in place to make sure there are no unpleasant surprises while you’re on vacation. However, it’s a good idea to keep an escrow account with your broker on shore to control charter costs so you don’t have to carry cash on board.