A Guide on Yacht Charter Contracts
Updated on Monday 28th August 2017
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A yacht charter contract is important because it explains all the obligations, rights and cancellation policies so that you know what to expect before getting onboard a yacht for rent in Dubai.
Here is a brief guide on yacht charter contracts, which usually include the dates of the yacht charter, the locations, the payment structure details and the insurance, as well as warnings of unacceptable onboard conduct.
Types of contracts used by our yacht charter in Dubai
There are certain standard contracts generally utilized in the crewed yacht charter industry in Dubai. These kind of contracts are:
• The MYBA charter contracts: they were introduced by the Mediterranean Yacht Brokers Association. It is usually the most utilized contract in the yacht chartering field;
• The AYCA charter contracts: they were introduced by the American Yacht Charter Association. These types of contracts can be:
o Bareboat/Services, which represents a couple of agreements;
• Caribbean term contracts: introduced by the Charter Yacht Brokers Association.
What is included in the yacht charter contract in Dubai?
These different yacht charter contracts which are being signed when you rent a yacht in Dubai with us cover various aspects, from the weekly rate of yacht usage of the water toys, to the behavior that our clients are expected to adopt while onboard.
For example, the consumption of drugs is strictly prohibited in these contracts, with the possibility of immediately ending the contract with no refund due to the client in case it is breached.
The onboard safety, as well, is being covered in a yacht charter contract, with the amendment that the captain is there to answer all your requests, however, he holds the final decision to make sure that the yacht is safe.
Our representatives will take the decision of choosing the right kind of contract is most suitable based on different aspects, such as the certification of the yacht for rent in Dubai, including if it is listed officially as a commercial or private yacht.
If you would like to learn more about the different yacht charter contracts, or to book one of our luxury yachts, please get in touch with our yacht charter executives in Dubai.