Yacht charter contracts and terms
The most used contract in the world is the Myba, drawn up and certified by the Mediterranean Yacht Brokers Association.
Myba has specific conditions called Western Mediterranean Terms (WMT).
The prices to the customer (charterer) include: yacht charter, crew, yacht insurance, crew board, on-board laundry.
Prices do not include: fuel for the yacht, for the generators, for the tenders and for the water games that may be on board; guest food, alcoholic and non-alcoholic beverages; costs for mooring in ports; port fees and fees; piloting; water and electricity from the ground; laundry personal belongings; costs for personal communications and everything that is not mentioned under “prices include”.
If the clientele is Italian, you can also use other contracts drawn up by the Chambers of Commerce most active in the field. Unlike the Myba contract, the crew’s meals are charged to the customer.
The conditions used in the eastern Mediterranean are called Standard Eastern Mediterranean Terms.
They are applied in Greece and Turkey and provide that the price includes yacht and equipment rental, crew, insurance, crew board, fuel for an average of 4/5 hours per day of navigation, port fees, any port taxes (always excluding the passage fee in the Corinth Canal, if used).
Often the price also includes water and electricity. In the Caribbean, on the other hand, the Standard Caribbean Terms are used.
The rental price includes the charter of the yacht and its crew equipment, insurance, food for guests and food for the crew and fuel for a number of hours indicated that often varies from yacht to yacht.