Can you explain the total superyacht charter cost?
- The base charter fee is not necessarily the vacation total.
- APA means advance provisioning allowance: an advance for agreed running expenses, not automatically a fixed final surcharge.
- Illustrative arithmetic—not a quotation:
3. Has the principal approved the whole-trip budget—not just the weekly rate?
The base charter fee is not necessarily the vacation total. Burgess identifies operating expenses, possible delivery charges, taxes and security deposits separately; it also describes crew gratuities as discretionary. (burgessyachts.com)
- A — 0: We have treated the advertised weekly rate as the budget.
- B — 1: We have added a rough percentage for extras.
- C — 2: We have an itemised estimate, but exclusions, higher-spend exposure or principal approval remain outstanding.
- D — 3: The principal has approved an itemised expected-spend scenario and a plausible higher-spend scenario against a total-trip ceiling, with unresolved assumptions explicitly addressed.
Evidence to keep: A budget distinguishing base fee, operating expenses, taxes, positioning, optional gratuity, insurance and relevant flights, hotels and transfers. Show refundable cash advances separately from expected expenditure.
4. Do you understand APA, reconciliation and top-ups?
APA means advance provisioning allowance: an advance for agreed running expenses, not automatically a fixed final surcharge. IYC describes captain-managed expense accounting and the return of remaining funds; Burgess explains that spending above the advance requires a top-up. (iyc.com)
- A — 0: I cannot explain what the APA pays for.
- B — 1: I know the quoted percentage but have treated it as either a spending cap or a fixed fee.
- C — 2: I understand the advance, but the included categories, reporting, top-up process or settlement arrangements remain unclear.
- D — 3: We have reviewed the actual expense terms, reporting and reconciliation process, refund arrangements and top-up funding. Alternatively, the contract explicitly uses another pricing structure and we have checked its exclusions.
Evidence to keep: The expense clause, a written explanation of included categories and a named person authorised to approve additional spending.
Illustrative arithmetic—not a quotation: If an APA advance is $50,000 and agreed expenses total $44,000, the unused balance is $6,000, assuming no other agreed deductions. In the final-spend calculation, count the $44,000 of expenses—not both $50,000 and $44,000.
5. Are taxes, delivery charges and currency assumptions specific to this trip?
Use a dated, itinerary-specific breakdown rather than a remembered destination percentage. The Association of Bahamas Marinas, for example, describes a changed charter-tax process effective July 1, 2025—an illustration of why an older quotation needs rechecking. This quiz does not establish the tax treatment of your booking. (bahamasmarinas.com)
- A — 0: We have not asked about these items.
- B — 1: We have copied assumptions from another charter or an online article.
- C — 2: The quote lists charges, but their calculation basis, exclusions or currency treatment is unclear.
- D — 3: The transaction team has supplied a dated breakdown for the yacht, dates and route; any material tax uncertainty has been resolved by an appropriately qualified adviser, and USD conversion assumptions are visible.
Evidence to keep: For each charge, record the amount or calculation method, currency, payer, whether it is included elsewhere, and who confirmed it. If an amount is zero, record the basis rather than leaving the cell blank.
Sources cited
- burgessyachts.com https://www.burgessyachts.com/en/charter-a-yacht/charter-faqs
- iyc.com https://iyc.com/luxury-yacht-charters/
- bahamasmarinas.com https://www.bahamasmarinas.com/charter-yacht-info