Bareboat Charter Pricing: How is it Determined?
- What influences total pricing?
- Components of your bareboat charter pricing
- What is not included in a yacht charter quote?
What influences your bareboat 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
- 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
- Cooking 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.
- Municipal/state tax
- 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
- Dinghy ladder
- Lifeline netting
- Fishing equipment
What is not included in a yacht charter quote
- 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