Under GT, the following are included in the basic charter fee; 11. INSURANCE: The OWNER undertakes to fully insure the yacht against the risks of fire, sea and collision for the duration of the rental period, as well as with protection and compensation coverage. The charterer will not be liable for any loss or damage covered by this insurance. The ABSENCE of the OWNER to offer such insurance imposes on him the same responsibility as if the yacht were insured in this way. The CHARTERER may take out additional charter liability insurance at his own expense. Don`t be afraid to speak up Although a charter agreement may seem intimidating at first glance, it`s there to protect you and the yacht owner. It is important for customers to express themselves if they have any questions about the contract or if they do not know how the payment structure is applied or how the cost is calculated. Charter brokers are experts in this area and will be able to explain one contractual clause to the other, so don`t be afraid to ask. Although rarer than the above, SEMT are still sometimes used and offer the same principles as CTI, but while CTI covers three daily meals, SEMT only offers breakfast and lunch on the basis that guests are likely to eat on land most evenings. Under SEMT, the basic charter fee includes; 12: ACCIDENTS: The OWNER accepts that, if the yacht suffers a failure of the machine after delivery or is deactivated or damaged by fire, grounding, collision or other causes to prevent its use by the CHARTERER for a period of twenty-four (24) consecutive hours or more, or if the yacht is lost or if such damage is so great, that the yacht cannot be, or is not repaired within twenty-four (24) hours, none of which is caused by an act or omission of the CHARTERER, the CHARTERER has the right to terminate the charter. The OWNER must provide the CHARTERER with a pro-rated refund of all charter costs from the time of loss or damage. 5.
FORCE MAJEURE: Force majeure is defined as any cause due to force majeure, accidents, natural disasters, weather conditions or other events beyond the reasonable control of the OWNER and not caused by the negligence of the OWNER. No guarantee is given as to the adequacy of the weather in relation to this Charter. If a named storm threatens or is likely to threaten the intended location of the charter yacht, as determined by the master in his or her sole discretion, the master has the option to terminate or cancel the charter at any time if he deems it necessary. No refunds will be given for a weather-related cancellation. Formerly known as the Western Mediterranean Terms, the terms MYBA (Worldwide Yachting Association, formerly known as the Mediterranean Yacht Brokers Association) are often referred to as the “plus all expenses” contract. Under the terms of a MYBA contract, the following generally include basic charter fees; The OWNER shall not be liable for any loss or damage to personal property or any injury suffered by the CHARTERER or any member of its affiliate during the term of this Charter, whether such loss or injury occurs on board the Yacht or elsewhere, unless such loss, damage or injury is the direct and immediate result of the SOLE negligence of the OWNER. Specifically, but without limiting the foregoing, the OWNER and its insurance insurers assume no responsibility for accidents, injuries or deaths related to the yacht`s dinghy, swimming and/or the use of snorkeling, masks or related equipment (such as diving equipment), water skiing, windsurfing, boats, spinnaker flies, Halyard flies or any other sports equipment, whether provided by the OWNER or CHARTERER, or not. 10. SAILING RESTRICTIONS: THE CHARTERER undertakes to limit the yacht`s cruise to the cruising areas indicated on the 1st page of this contract. Please visit our pages on planning and booking a yacht charter and understand the cost of the charter for more information on booking your private yacht charter. 4. DELIVERY: The OWNER undertakes to deliver the yacht to the port of embarkation in full commission and in good working order, with all the licenses required for any jurisdiction in the charter area, as a yacht of its size, type and accommodation, with complete equipment, including those required by law, and fully furnished.
including kitchen and utensils, blankets, bed linen and towels; stable, clean and in good condition and ready to use; and further undertakes to grant CHARTERER prorated demurrage for any delay in delivery, unless it is caused by a case of force majeure. If it is not possible for the OWNER to make the delivery within twenty-four hours of the beginning of the charter period (for any reason other than force majeure), the CHARTERER may terminate this contract. All charter fees paid in advance will be fully reimbursed to the CHARTERER at the CHARTERER`s choice without further liability to the OWNER, will be reimbursed pro rata by agreement and the BROKER will retain all of his commission. As a rule, the contracts used are provided by professional associations with MYBA, which offer the most commonly used contracts in the industry, especially for large cruise ships in the Mediterranean. RENTAL DATA: From (time/date)Port of embarkation: To (time/date) Port of release: Cruise area: Number of rental guests: Number of days: (Prices are based on the number of specified rental customers) 7. LINKS: The CHARTERER, its representatives and / or employees have no right or authority to allow or undergo the creation of maritime privileges against the yacht. The CHARTERER undertakes to indemnify the OWNER for all costs or losses incurred as a result of a breach of this paragraph, including reasonable attorneys` fees. .