Moretti Yachts FAQs
MYBA is an acronym for the Worldwide Yachting Association. It is a trade association founded in 1984 by a group of prominent yacht brokers with the aim of promoting standards of professionalism and ethics in the yachting industry throughout the Mediterranean, and worldwide. MYBA only endorses membership to brokerages with a proven track record of professional excellence in the yachting industry, thereby offering valuable benefits and safeguards to clients choosing to purchase, sell, build or charter a yacht through a MYBA broker.
Every detail counts. Several weeks before you board your yacht, we will ask you to complete a detailed questionnaire describing the preferences and special needs of all the members of your party, such as dietary or medical requirements, details of any allergies, and your sporting or entertainment requests. This will enable us and the crew of your chosen yacht to ensure that everything possible is done to make your charter a fabulous experience.
In European territorial waters Value Added Tax (VAT) is normally charged on the Charter Fee and rates can vary according to the place of embarkation and the chosen itinerary. Your broker will be able to advise you on the latest tax situation for any country you wish to visit.
All charters are subject to a fully executed contract, so once the availability for your chosen yacht has been verified, you will receive a standard MYBA Charter Agreement for signature. If your chosen cruising itinerary necessitates embarking or disembarking from a point other than the yacht’s home port, positioning charges (delivery/redelivery fees) may be required. These charges, if applicable, will be confirmed in advance and affirmed in the Charter Agreement, together with any taxes that may apply.
A deposit of 50% of the total charter fee is payable by bank transfer on signature of the Charter Agreement. This confirms your booking. The remaining 50%, plus an Advance Provisioning Allowance, together with any taxes, delivery/redelivery fees and any additionally agreed charges, is payable by bank transfer five weeks before the charter commences.
We strongly recommend that charterers take out Cancellation and Curtailment Insurance to protect their investment if unforeseen circumstances prevent or curtail their charter. Additionally, all members of the charter party should be covered by Personal Accident and Medical Insurance, and their personal effects should be insured against theft, loss or damage
Other forms of insurance, such as Charterer’s Liability may also be prudent.
Our brokers will be pleased to assist with arranging any policy not covered by the basic Charter Agreement.
Charter rates are quoted per week for the hire of the yacht. Seven days is generally the minimum charter period accepted by yachts, but charters can be for any duration over seven days. Charters over seven days are calculated pro-rata against the weekly rate divided by seven and multiplied by the number of charter days. During low season periods some yachts may consider charters of less than seven days. Charters normally commence from noon onwards on the first day and terminate by noon on the last day. For example, a charter contracted to commence at noon on 1st June and terminate at noon on 8th June constitutes a one week charter. However, there is usually some flexibility to suit your flight schedule.
High season rates apply to the most popular charter periods, i.e.: July/August and Christmas/New Year, and are also normally applicable to all major events such as the Monaco Grand Prix and the Cannes Film Festival. Low season rates apply to all other periods.
The Advance Provisioning Allowance (APA) is due at the time of the final charter payment. Under MYBA Terms, this sum is usually equivalent to 25% of the total charter fee, but may be 30% in some cases. Intended to cover the operating expenses of a charter such as, fuel, food, drinks, port fees, and ad hoc incidentals, these funds will be given to the captain before the start of your charter. He will ensure that your yacht is fully fuelled and provisioned when you step on board. Whilst an up-to-date summary of accounts can be requested at any time during your charter, a full set of accounts will normally be submitted by your captain at the end for the cruise. If, during the charter, the expenditure exceeds the sum already paid, additional cash funds will be required at once.
All outstanding bills should be settled in cash before final disembarkation. Of course, any remaining credit at the end of your charter will be reimbursed to you in full.
On request, transfer arrangements to and from the yacht can be made by one of the Moretti Team or by your captain, payment for which will be deducted from your APA.
Most charter rates that appear on this website are based on MYBA Terms, which imply that the yacht will be provided to the charterer in full commission and with all necessary equipment, properly insured for marine risks and managed by a crew, whose wages, food and clothing are for the owner’s account. All other operating expenses are payable by the charterer and comprise (but are not restricted to) the following items: fuel and lubricating oils for the yacht, her tenders and motorised water toys; local taxes; pilotage; port, harbour and marina dues; customs clearance; water and electricity; personal laundry; all provisions, wines, beers, spirits, soft drinks and consumables for the charterer’s party; telecommunication costs. Please note that, occasionally, a yacht may offer a variation on the terms described above. Our brokers will provide full details of any charter terms that vary from standard MYBA Terms when presenting the relevant yachts.
In certain countries a Certificate of Competency is required to participate in watersports activities (jet skis, waverunners and other mechanically propelled watercraft). Please consider which members of your party will want to use the yacht’s motorised water toys. If they do not have the required licences/certificates we can arrange for an instructor to come on board the yacht during the charter to issue a certificate. Please note that all tuition fees are for the charterer’s account and availability of local instructors cannot be guaranteed. Certain areas prohibit the use of motorised water toys altogether.
Use of personal watercraft is only permitted subject to the operator having the appropriate license and meeting with local operating regulations. Any liability arising from non-compliance is entirely at the operator’s risk.
If the yacht has SCUBA equipment on board, it may only be used by certified divers holding a certified PADI license or equivalent.