Make Finding A Good Luxury Yacht Charter Easy By Reading This
Make Finding A Good Luxury Yacht Charter Easy By Reading This
Blog Article
What Is a Yacht Charter Broker?
A yacht charter broker is a professional who can help you book a luxury crewed yacht for your dream vacation. They have in-depth knowledge of yachts, destinations and industry terms & conditions and can manage the entire booking process for you, including negotiating contracts and handling payments.
Their service comes at no extra cost to you - the yacht owner pays the broker's commission as part of the cumulative charter fee. Here are 10 compelling reasons to use a yacht charter broker:
Industry Expertise
A seasoned charter broker knows the market inside and out, and they stay on top of yachts, crews and destinations that can make or break your luxury sailing vacation. They’ll be able to suggest options that perfectly match your requirements and address any questions you may have about unique vessel features (e.g., steps up to berths on a catamaran or a requirement for a particular certification).
They also play a crucial role in contract management, drafting and reviewing the charter agreement to ensure that it contains all necessary and agreed-upon stipulations, including payment schedules and cancellation policies. This can help prevent misunderstandings and protect both parties throughout the charter. They will also handle all financial aspects of the booking, ensuring that funds are held securely in escrow accounts and disbursed accordingly. They’ll also assist with logistics like itinerary planning and provisioning and impart their knowledge of local restaurants, hotspots and activities. In addition, a broker can provide guidance and advice regarding any legal considerations.
Personalised Service
A yacht charter broker is a specialist in their field and they will work with you to understand your vision for your vacation, translating it into the perfect yacht. They will also be able to offer advice on charter regulations, payments, itineraries and any special requests.
They will handle direct enquiries and liaise with the captains/owners on behalf of their company for vessels not under central agency, overseeing all aspects of the process until signature of the contract and payment, and will assist in organising the actual charter including provisioning lists, possible special requests and reservations ashore.
Their experience is built on travelling the world visiting charter yachts and attending shows, making them a wealth of knowledge all-inclusive yacht vacations in terms of destinations and itineraries. They will ask questions you might not have thought of and can bring yacht features to your attention such as steep steps up to the berths on a catamaran or the fact that a sailing boat may only be suitable for a certain level of experience.
Access to YachtFolio
Whether you own a yacht and want to charter it for some of the year to defer your costs or you’re looking to hire one to plan an unforgettable vacation, the right broker can save you time and money by sifting through hundreds of yachts on your behalf. They can also handle the complex contracts and insurance details, allowing you to relax onboard knowing all is in order.
YACHTFOLIO is a professional database of charter yachts and adheres to the highest industry standards. In order to gain access, companies must prove they are PI insured and have a separate client bank account (this can be done by an external accountant or lawyer, not an internet printout).
Look out for MYBA Members who display the YACHTFOLIO logo as this signifies that they have the necessary documentation to ensure the safety of their clients’ monies. MYBA Members can also be recognised by their use of MYBA Sales & Purchase Agreements and MYBA Charter Agreements.
Convenience
If you book a yacht with a broker, they will also be able to assist you with other aspects of your trip like arranging for hotel transfers and imparting local knowledge. They will also manage your charter payments in a safe and professional manner – typically using escrow accounts.
As soon as a reputable broker has all the details from you, they will work hard to find a yacht that matches or comes close to your detailed requirements. They will often send you digitised brochures of several vessels that come close to meeting your request and have a frank discussion with you about what will meet your needs.
The reputable brokers have a very intimate knowledge of a huge range of yachts, gained through personal in depth visits to check facilities and sample the cuisine. This is knowledge that online platforms simply cannot match.