How much is the charter deposit, and when is the balance due?
Use the payment schedule in your agreement; do not assume every booking follows the same timetable. Burgess publishes a model of 50% of the charter fee on signing, with the remaining fee, APA and agreed additional charges due five weeks before departure. (burgessyachts.com)
Key points from this page
- Family-office control:
Build a payment calendar before signature:
| Payment | Information to record |
|---|---|
| Initial installment | Amount, currency, beneficiary and deadline |
| Remaining charter fee | Due date and consequences of late payment |
| APA | Amount, recipient and top-up procedure |
| Taxes and positioning charges | Whether fixed, provisional or subject to adjustment |
| Security deposit, if requested | Purpose, permitted deductions and return process |
| Insurance premium | Payment date and relevant purchase deadlines |
Family-office control: identify the paying entity, contracting party and authorized signatory early. Ask whether third-party payment is acceptable and what documents are needed before funds can be accepted.
If a quotation is in euros, keep the contractual euro liability visible. Obtain the paying bank’s actual conversion and transfer costs rather than treating an indicative online dollar conversion as the amount finance will pay.