What influences your bareboat pricing?
There are several key factors that will affect your charter pricing:
Type of yacht: monohulls are going to be more affordable than catamarans (all else equal)
Size of yacht: not surprisingly, the longer and bigger the boat, the more expensive it will be
Number of cabins: a 3-cabin catamaran with an owner’s cabin is going to be more affordable than a 4-cabin equivalent
Age: you’ll pay a premium for newer boats (but also might experience fewer maintenance issues)
Season: when you charter matters a lot. The high season holiday periods are always the most expensive, whereas, you can find great deals (and solitude) in the low season when tropical disturbances might threaten in the Caribbean
Discounts: charter companies offer various promotions, but you can always usually to expect to receive an early booking or a repeat charter discount (5 or 10% each). Last-minute discounts are another great way to save money if you are flexible (or work from home!)
Components of your bareboat charter pricing
This is your daily, base price fee for the yacht. Some weeks are priced higher than others, and it’s possible you straddle two weeks that are priced differently to give you a blended daily rate.
Included in this charter fee is a booking commission paid to an in-house or independent broker.
This is the everything else category! These are the common items you may or may not see included here. Think of them as either mandatory or optional.
Starter pack: it’s common to see a starter kit/pack on your quote. These are some items that might be included
Welcome package: bottle of rum, gallon of water, dish soap, sponge, paper towels, toilet paper, garbage bags, and matches
Dinghy outboard fuel
Cleaning fee: sometimes this might be broken out separately
Full water tanks
Damage waiver insurance: this buys down your deductible obligation in the event of covered yacht damage. I’ve seen it lower the deductible to anywhere from $0 to $8,000. Most insurance policies for the charter yachts have deductibles in the 1-2% range prior to the buydown.
Cruising tax and National Park fees: sometimes unique to the British Virgin Islands
Sleep aboard option: this allows you to board the yacht the night before your departure, usually at 5:00pm. It typically costs 50-60% of the daily charter fee. Read more about why I think it makes sense in this post.
Skipper: this could be an option you add for your entire trip, or it could also be a check-out skipper if required by the charter company. Expect to pay $200-300 per day, depending on location.
Chef/Hostess: they will help with provisioning, prepare meals/snacks/drinks, and clean up. Expect to pay $200-300 per day
Water sports: such as kayaks, stand up paddle boards, floats, or floating mats
Sailing instruction: in some locations you can bring a sailing instructor aboard to conduct courses (ASA). This fee will also include the course registration/materials/certification
What is not included in a yacht charter quote
Don’t let these necessary items escape your budget for the yacht charter trip. You pay for them separate from the charter company.
Diesel fuel: most charter companies require you to return the boat with a full fuel tank. Some will give you an option to purchase a tank in advance or let them handle the refueling for a fee
Provisioning: your food and drinks for the trip. Some companies will offer a provisioning service where your items will be delivered to your yacht prior to arrival
Dockage: any extra nights you plan to stay in a marina. Your first and last night are usually included in your pricing at your charter base marina.
Mooring balls: usually $30-40/night