— How do they work?
When a luxury mega yacht is advertised with a weekly base rate, it means that all additional expenses are charged separately. Generally speaking, those expenses include things like fuel, food, drinks, and gratuity.
Expenses usually amount to an additional 25 to 35 percent above the luxury charter yacht’s advertised base rate. The funds—with the exception of gratuity—are collected from you prior to the charter starting. This is known as the Advance Provisioning Allowance, or APA. The captain, chef, and crew use your APA to stock the yacht with fuel, food, and everything else that you have requested. Spending records are kept for your review both during and after the charter, and any unused APA funds are returned to you at the charter’s conclusion.
Fuel usage is typically the largest additional expense that you can expect as part of your APA. Our brokers at Regency Yacht Charters will help you estimate the amount of fuel usage for any mega yacht charter based on the type of yacht you select and the itinerary that you anticipate cruising. A super yacht will almost always burn more fuel than a sailing yacht, while a go-fast mega yacht can burn several times the amount of fuel as a slower-paced cruising mega yacht. You are also responsible for fuel that is used to propel the yacht’s tenders and equipment, including Wave Runners and generators.
Food and drinks can also be a substantial expense depending on what you select. If your luxury yacht charter is scheduled for a destination like the Western Mediterranean, for instance, then French wines will be far less costly for the crew to provision than if your charter is in the remote islands of the Southern Caribbean. Our experts at Regency Yacht Charters can work with you to ensure that you have everything you desire onboard your mega yacht, while at the same time helping you to stay within your desired budget.
It is customary to offer a crew gratuity at the end of a luxury yacht charter. The gratuity is based solely on your satisfaction and the level of service that you received. Industry standards suggest that a gratuity of 5 percent to 15 percent is standard, with gratuities of 20 percent or more for crew that provide truly exceptional service.
Generally speaking, luxury yacht charter expenses can be anticipated and managed to fit within any given budget. Our brokers at Regency Yacht Charters can help you understand what to expect based on our years of experience booking mega yacht charters for clients worldwide.