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How much does it cost to charter a yacht?

There are many things to consider and first time charterers can be left confused, that's why we've created a comprehensive guide to yacht charter prices (with a checklist).

The good news: It’s easy to grasp the basics of yacht charter pricing. And with one of our experts in your corner, we can help you more accurately estimate the cost of your next once-in-a-lifetime vacation.

The cost of a yacht charter is dependent on a number of factors, including the type of yacht, the charter destination, local taxes, and the base cost. (If the yacht has a celebrity owner, well that too, can add to the cost.)

Therefore, yacht charters have a wide range of base prices. That’s why charters can cost from $10,000 per week on smaller sailing yachts and catamarans, up to $150,000+ per week on the most luxurious motor superyachts.

What else can you expect to pay? This overview – a part of our planning resource, the Charter Advice Guide – offers an in-depth look at charter yacht costs.

Yacht Charter Price Structure: “All-Inclusive” vs “Plus Expenses”

In the world of yachting, two types of crewed yacht charters are available to you – “All-Inclusive” and “Plus Expenses” charter experiences. What do these terms mean exactly? Here’s a quick look:

• All-Inclusive Yacht Charters – Some charters (mainly catamaran and monohull charters in the Virgin Islands) offer all-inclusive rates. That means rates are based on the number of guests, and they include all food and drink, water sports, and fuel costs. Dockage and taxes, though, are usually charged separately.
• Plus Expenses Charters – Rates for larger motor yachts do not include running expenses, which must be paid separately. For these luxury charters, the base price is for the yacht only. Additional expenses, i.e. food, bar, fuel, dockage, port taxes, and other expenses, are charged separately. Most frequently, the running expenses are paid by an Advance Provisioning Allowance, or APA, which is typically 35% of the base price; this is an amount that’s paid prior to the charter.

Our chart below offers a quick overview of what’s included in both of these types of charters.

Average Yacht Charter Cost: Base Prices

What can you expect to pay for a catamaran, a sailing vessel, or motored yacht? Here’s a quick overview of the average cost to rent a yacht (not including extra expenses) for the most common types available:

Factors that Affect Yacht Charter Prices

Since charter yachts are privately owned, prices are set by the owner. This can explain, in part, the wide range of differences in price between boats of similar lengths. Yet, several other factors can significantly impact price, including:

• The Yacht – The year the boat was built, the builder, previous owners, and the boat’s selection of water toys can also increase the cost of a yacht. Boats can also develop a reputation, i.e. the largest or most luxurious, or having a famous builder or previous owner. Reputation can also affect pricing.
• Season – Prices typically increase in the high season – i.e. high summer in the Mediterranean or winter in the Caribbean – and decrease in low seasons.
• Destination – Your charter destination also plays a role in charter cost. For example, prices increase in areas without large charter fleets (i.e. the Galapagos), whereas Bahamas yacht charters,   BVI charters , or Mediterranean yacht charter are priced more competitively.

Additional Costs Considerations on Yacht Charter

In addition to the cost associated with running the yacht and provisioning, there are a number of other costs that must be considered. These are the most significant:

Advanced Provisioning Allowance

The APA on Plus Expenses charters equals roughly 35% of the yacht’s base price. This is a fee that’s collected prior to charter, and it’s similar to an expense account the captain can access during the charter. At the end of the charter, you will receive a detailed accounting of your APA account, plus any unused APA funds in cash.

In the case of overages, you may be required to replenish the APA account during the charter. This can be done with cash, although many choose to set up accounts with their charter brokers , which can be accessed if requested by the captain.

Taxes and Value Added Tax (VAT)

Most boats – whether all-inclusive or Plus Expenses – will not include local taxes or a Value Added Tax into their charter rate. The charterer will be responsible for paying those taxes. Taxes range significantly by destination; here’s a look at some of yachting’s most popular destinations:

• The Bahamas – Tax: 4% plus 10% VAT
• BVI – Tax: between $6 and $16 per person per day, depending on the flag of the boat
• Croatia – VAT: 13%
• Florida – Tax: 6% for Broward County, 7% for Miami-Dade County
• France – VAT: 20%, however, 10% can be applied when an itinerary includes International Waters
• Greece – VAT: 12%
• Italy – VAT: 22%, however 6.6% (over 24m) and 8.8% (under 24m) can be applied when an itinerary includes International Waters
• Montenegro – NO VAT
• New England – NO TAX
• Spain – VAT: 21%
• Turkey – NO VAT

Charterers can purchase cancellation and curtailment insurance – which is similar to traveler’s insurance. This insurance can help cover costs if a charterer must cancel or shorten the charter. Charter brokers can help you weigh insurance options, and often offer several different options.

Crew Gratuity

While crew gratuity is certainly not mandatory, it is recommended, particularly if you were truly impressed with your charter experience. In general, crew gratuity is roughly 15-20% of the base charter rate, which is handed to the captain at the conclusion of your charter.

Delivery Fees

While these fees do not apply on most charters, you may be asked to pay delivery costs if you are not chartering in the yacht’s normal cruising ground. In most cases, you will only be required to cover the fuel for the trip.

Call Worldwide Boat today to learn more. Our Charter Specialists are here to assist you with every detail and explain all charter costs. Or read our Charter Advice guide for more information and tips for planning your charter vacation.

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236.3ft / 70m

Additional Charter Cost FAQs

What are standard private charter yacht prices?

There are a number of factors that affect charter yacht pricing. However, on average, a week-long private yacht charter costs anywhere from $10,000 on luxurious sailing yachts and catamarans, and up to $150,000 for superyachts.

What affects charter yacht prices?

There are several things that influence how much your yacht charter will cost. The type of vessel, charter destination, length of trip, base cost, time of year, and local taxes all make a difference.

How much does it cost for a crewed vessel?

Charter yacht prices do increase when hiring a crew along with the boat. At Worldwide Boat, we offer two types of crewed charter experiences: all-inclusive and plus expenses. An all-inclusive charter yacht includes accommodation for all guests, food and drink, water sport activities, and fuel costs – dockage fees and taxes are charged separately. A plus expenses experience accounts for just the yacht’s base price. Things like food, drinks, fuel, dockages, taxes, and other expenses are charged separately and are usually estimated to be about 35% of the base price.

What’s included in all-inclusive boat charters?

At Worldwide Boat, your all-inclusive charter experience includes a diligent and friendly crew, water toys, food, drinks, fuel, water and electric services, and occasionally diving experiences.

What are some additional charter boat costs to consider?

After finding a base price you’re comfortable with and evaluating your package, you’ll also want to consider delivery fees, crew gratuity, insurance fees, taxes, and Advanced Provisioning Allowance rates. If you are responsible for these fees, your crew will handle the necessary transactions on your behalf.

What does it cost to rent a 100- foot yacht charter?

This depends on what type of vessel you’re looking at and how long you’ll need it for. The average weekly cost of a 100-foot sailing yacht is between $50,000-100,000. A weekly 80-foot catamaran charter runs around $40,000-100,000, and a week-long 100-foot motor yacht rental is anywhere between $50,000-80,000.

Does the price to rent a yacht change depending on what type of boat it is?

Yes. Worldwide Boat offers sailing yachts, catamarans, and motor yachts. All of these vessels have different capabilities, but there are other factors that determine the price beyond what type of boat you choose. The year the boat was built, owner, availability of water toys, onboard amenities, and the ship’s reputation can all change how much the ship is priced at.

When is the high season for yacht charters?

The price of a yacht fluctuates depending on the season. A Mediterranean yacht charter cost rises in the summer and drops in the winter, whereas Caribbean boat charter prices are high during the winter and lower in the summer months.

How does my destination affect charter yacht cost?

The more remote an area is, the more expensive it will be to charter a yacht there. That’s because prices go up in areas that have fewer boats. If you were to travel somewhere like the Galapagos, which isn’t a typical yacht destination, you’d pay more than you would if you were traveling to the Caribbean.

How much do I tip the crew when reviewing my yacht charter expenses?

It’s not required that you tip your crew, but it is recommended and appreciated. If you had an enjoyable experience it’s considered polite to tip your crew anywhere from 15-20% at the end of your charter.

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Understanding Yacht Chartering Costs: A Comprehensive Guide

Imagine sailing the open seas, surrounded by azure waters, and basking in the luxury of a private yacht. Yacht chartering offers a unique and exhilarating experience, but it’s essential to understand the costs associated with it before embarking on this adventure. In this comprehensive guide, we will break down the various expenses involved in chartering a yacht, from the base charter rates to additional fees and seasonal price variations. We’ll also provide you with valuable tips on how to budget effectively for your dream yacht charter.

Base Charter Rates

The base charter rate is the starting point for calculating the cost of your yacht charter. This rate typically covers the rental of the yacht itself for a specific duration, which can range from a few days to several weeks. The base charter rate varies widely depending on several factors:

• Yacht Size and Type: Larger and more luxurious yachts come with higher base charter rates. Motor yachts are generally more expensive than sailing yachts due to their higher operational costs.
• Yacht Age and Condition: Newer yachts in excellent condition command higher charter rates than older vessels.
• Location: The location of your charter significantly influences the base rate. Popular destinations like the Mediterranean, the Caribbean, and the Bahamas tend to have higher prices and local taxes.
• Time of Year: Peak chartering seasons in specific regions can lead to higher base rates. For instance, the Caribbean can be more expensive during the winter months when the weather is ideal.
• Duration: Longer charters may offer lower daily rates compared to shorter ones.
• Inclusions: Some charters include additional amenities such as water toys, scuba equipment, or a chef. These extras can impact the base rate.

Additional Fees

Understanding the additional fees associated with yacht chartering is crucial for budgeting effectively. These fees can significantly impact the total cost of your charter:

• Fuel: Yachts consume fuel, even sailing yachts, and you may be responsible for covering these costs. Fuel expenses can vary depending on the yacht’s size, distance traveled, and usage of amenities like air conditioning and water sports equipment.
• Crew: Most charter yachts come with a crew that includes a captain, chef, or possibly a stewardess, and deckhand. The crew’s salaries and gratuities are usually included in the base rate, but it’s customary to tip them, often around 15-20% of the base charter rate.
• Provisions: You may need to budget for food and beverages during your charter. You can either purchase your provisions locally or opt for a fully provisioned charter, where the crew stocks the yacht with your preferred items.
• Dockage and Marina Fees: When you choose to dock at marinas or ports, you’ll incur fees. These fees can vary widely, and the more popular the destination, the higher the costs.
• Taxes and Permits: Some regions may require specific permits or impose taxes on yacht charters. Be sure to inquire about these expenses before booking.
• Communication and Entertainment: If you require internet access or want to use satellite TV, you may have to pay extra for these services.
• Optional Extras: Water sports equipment, scuba diving, and excursions are often available for an additional fee.

Seasonal Price Variations

The time of year you choose for your yacht charter can significantly affect the overall cost:

• High Season: The high season typically corresponds to the best weather conditions in a given region. Charter rates are at their peak during this time, so expect higher prices.
• Low Season: Chartering during the off-peak season can yield cost savings. However, be prepared for less predictable weather.
• Shoulder Season: Consider chartering during the shoulder season, which falls between the high and low seasons. You may enjoy good weather and more reasonable rates.

Tips for Budgeting

Here are some tips to help you budget effectively for your yacht charter:

• Set a Clear Budget: Determine your total budget, including the base charter rate, additional fees, and discretionary expenses. Stick to it to avoid overspending.
• Plan Ahead: Book your charter well in advance to secure better rates and availability, especially during peak seasons.
• Opt for Inclusive Packages : Fully provisioned or all-inclusive charters can simplify your budgeting by covering many expenses upfront.
• Be Mindful of Crew Gratuity: Factor in the crew’s gratuity when planning your budget. It’s a significant expense and a customary practice.
• Consider Trip Insurance: Trip insurance can protect you from unforeseen circumstances and potential additional costs.
• Review the Charter Agreement: Thoroughly review the charter agreement to understand what is and isn’t included in your charter rate.

Yacht chartering can be an unforgettable experience, and understanding the costs involved is essential to ensure a stress-free journey. By considering base charter rates, additional fees, and seasonal price variations, and following our budgeting tips, you can embark on your yacht charter adventure with confidence, knowing that you’ve planned for a seamless and enjoyable voyage on the high seas. Happy sailing!

Get a Quote

Are you ready to let us show you what we can do for you? We can’t wait! This is as exciting for us as it is for you. We began this business because we love putting the perfect yacht charter together for our clients and getting the best of the best at the right price point thanks to our contacts and experience. 

Use our quick contact form to give us the basics about what you’re looking for and we’ll send you ideas and pricing. Don’t worry if it’s not grand enough or should be scaled back; we’ll take care of that too. When you love the plan, we put it into action. All you have to do is show up and enjoy.

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How Much Does It Cost to Charter a Yacht? (Updated Prices/Rates)

• September 20, 2023

Exploring the open waters on a private yacht offers unparalleled luxury and freedom. The cost of chartering a yacht varies based on factors like yacht size, destination, and duration. 

Beyond expenses, understanding the elements influencing pricing can help in making an informed decision for your dream yachting experience. Let’s unpack these prices in this guide!

How Much Does It Cost to Charter a Yacht?

Yacht rentals encompass a broad spectrum of starting prices. Thus, charters begin at around $10,000 weekly for compact sailboats and catamarans, while the pinnacle of opulence, motor superyachts, can exceed $150,000 weekly or more.

What Are the Two Types of Yacht Charter Price Structure?

In yachting, two crewed charter options exist: “All-Inclusive” and “Plus Expenses” experiences. What do these terms entail? Let’s take a brief look to understand them better:

All-Inclusive Yacht Charters

Certain charters, particularly those for catamarans and monohulls in the Virgin Islands, provide all-inclusive pricing. This covers guests, meals, drinks, water sports, and fuel expenses. However, dockage and taxes are typically billed separately from the main rate.

Plus Expenses Charters

Larger motor yacht rates don’t cover operating costs, which require separate payment. For upscale charters, the initial cost encompasses the yacht alone. Extra expenses like food, bar, fuel, dockage, and taxes are billed independently. 

Often, these costs are covered by an Advance Provisioning Allowance (APA), which typically is 35% of the base rate, paid before the charter starts.

What Are the Different Factors That Affect Yacht Charter Prices?

Embarking on a yacht charter voyage is an exciting endeavor that promises luxury, adventure, and the thrill of exploring open waters. As you set out to plan your dream yachting experience, it’s essential to understand the various elements that influence yacht charter prices. 

From the type and size of the yacht to the destination and duration of the charter, several key factors come into play, shaping the cost of your maritime escapade.

Yacht Type and Size

The type and size of the yacht you choose are fundamental determinants of the charter cost. Yachts come in various categories, including motor yachts, sailing yachts, catamarans, and monohulls, each offering distinct features and amenities. 

Motor yachts often offer more space, speed, and modern conveniences, which can contribute to higher charter rates. On the other hand, sailing yachts and catamarans provide a more traditional sailing experience and can be an appealing option for those seeking a more relaxed pace.

Destination and Itinerary

The geographical location you intend to explore significantly impacts the charter price. Popular yachting destinations like the Mediterranean, Caribbean, and the South Pacific have varying demand levels throughout the year, influencing pricing accordingly. 

High-season periods, characterized by pleasant weather and bustling tourism, can lead to higher rates, while off-peak seasons might offer more budget-friendly options. Moreover, some destinations require longer travel distances or involve additional permits and fees, all of which can contribute to the overall cost.

Charter Duration

The duration of your yacht charter plays a pivotal role in determining the final price. Charter rates are typically quoted every week, with options for shorter or longer durations available. 

Extended charters might offer more favorable rates per week compared to shorter getaways. Moreover, some yachts may have minimum charter durations during peak seasons, so it’s essential to consider your desired travel duration when budgeting for your yacht charter.

Time of Year

The time of year you plan your yacht charter adventure can significantly affect pricing. Yachting destinations experience high and low seasons, influenced by weather patterns, holidays, and local events. 

High-season periods, often coinciding with pleasant weather and vacation periods, tend to command premium prices due to increased demand. Alternatively, opting for an off-peak or shoulder season can result in more affordable charter rates while still enjoying a delightful yachting experience.

Yacht Amenities and Services

The onboard amenities and services provided by the yacht contribute to the overall charter cost. Yachts equipped with luxurious features such as spacious cabins, gourmet kitchens, Jacuzzis, water toys, and professional crews tend to have higher base rates. 

The quality of service, crew expertise, and additional offerings can elevate the charter experience but may also add to the total price.

Crew and Staff

The crew and staff onboard play a crucial role in enhancing your yacht charter journey. The size and expertise of the crew, including captain, chef, deckhands, and stewards, can impact the cost. 

A highly skilled and attentive crew can provide exceptional service, ensuring a memorable and comfortable experience throughout your charter. While these services contribute to the cost, they often contribute significantly to the overall enjoyment of your yachting adventure.

All-Inclusive Versus Plus Expenses

Yacht charters offer different pricing structures, with “All-Inclusive” and “Plus Expenses” options. All-inclusive charters encompass costs like food, drinks, water activities, and fuel in the base price, simplifying budgeting and planning. 

Conversely, Plus Expenses charters have a base rate covering the yacht alone, with additional costs for provisions, fuel, dockage, and other expenses. Understanding the pricing model that aligns with your preferences and needs is essential for accurate budgeting.

Running Expenses and Advance Provisioning Allowance (APA)

For larger motor yachts, operating costs are often separate from the base rate. These expenses encompass food, beverages, fuel, dockage, port taxes, and more. Typically covered by an Advance Provisioning Allowance (APA), which is around 35% of the base price, these costs are paid before the charter begins. 

This approach allows for flexibility in provisioning and ensures that operational expenses are adequately covered during the journey.

Additional Costs Considerations in Charting a Yacht

Embarking on a yacht charter promises a luxurious and unforgettable experience, but it’s essential to consider not only the base charter cost but also the additional expenses that may arise during your journey. 

Beyond the initial price, there are various factors and costs to keep in mind to ensure a seamless and well-budgeted yachting adventure.

Operational Expenses

While the base charter cost covers the yacht itself, operational expenses are often separate. These expenses encompass various aspects of the charter, including fuel, provisioning, dockage, port fees, and more. 

Depending on the charter type and destination, these operational costs can vary significantly. Understanding these expenses is crucial for accurate budgeting and to ensure that you have the necessary funds to cover them.

Advance Provisioning Allowance (APA)

For larger motor yachts, operational expenses are often covered by an Advance Provisioning Allowance (APA). This allowance, typically around 35% of the base charter price, is paid upfront before the charter begins. 

The APA serves as a fund that the crew uses to cover expenses throughout the journey, such as food, beverages, fuel, and other operational costs. Any remaining funds from the APA are usually returned to you at the end of the charter. 

Clear communication with the yacht’s crew regarding APA usage is essential to manage expenses effectively.

Crew Gratuity

While crew gratuity is discretionary, it’s customary to reward the hard work and exceptional service provided by the yacht’s crew. The recommended gratuity amount usually ranges from 10% to 20% of the base charter price. 

The gratuity is typically given to the captain, who then distributes it among the crew members. Expressing your appreciation for the crew’s efforts through gratuity ensures a positive rapport and acknowledges their dedication to making your charter experience memorable.

Food and Beverages

For charters that operate on a “Plus Expenses” basis, provisioning for meals and beverages is an important consideration. Discuss your culinary preferences and dietary restrictions with the yacht’s chef before the charter to ensure that your needs are met. 

The cost of food and beverages can vary based on your preferences, the number of guests, and the duration of the charter. Incorporating this aspect into your budgeting allows you to enjoy delectable meals without unexpected financial surprises.

Water Toys and Activities

Many yachts offer a range of water toys and recreational activities to enhance your charter experience. These can include jet skis, paddleboards, snorkeling gear, fishing equipment, and more. 

While these amenities provide entertainment and excitement, they may come with an additional cost. Inquire about the availability and pricing of water toys and activities in advance to plan for any desired experiences.

Berth and Port Fees

When visiting different ports and marinas during your charter, you may encounter berth and port fees. These fees are associated with mooring the yacht in specific locations and can vary depending on the destination and the amenities offered by the port. 

Being aware of these fees and including them in your budgeting ensures that you’re prepared for any unexpected costs that may arise during your journey.

What Are the Different Types of Yachts?

Embarking on a yacht charter opens up a world of luxury and adventure, with a range of yacht types to choose from. Each type offers unique features, amenities, and sailing experiences. 

Understanding the various types of yachts available can help you select the perfect vessel for your dream maritime journey.

Motor Yachts

Motor yachts are known for their speed, power, and luxurious features. These yachts are equipped with powerful engines that allow for swift and comfortable cruising. Motor yachts offer spacious interiors, state-of-the-art amenities, and ample deck space for relaxation and entertainment. 

With a focus on comfort and convenience, motor yachts are ideal for those who prioritize a smooth sailing experience and desire modern luxuries.

Sailing Yachts

Sailing yachts provide a classic and elegant way to explore the open waters. Driven by the wind, these yachts offer a serene and graceful sailing experience. Sailing enthusiasts often appreciate the traditional aspect of these vessels and the opportunity to engage in hands-on sailing. 

Sailing yachts come in various sizes, from smaller vessels perfect for intimate charters to larger yachts with multiple cabins for group travel.

Catamarans are characterized by their twin hulls, offering enhanced stability and spacious interiors [ 1 ]. These yachts are known for their comfort, especially when at anchor, and are popular choices for families and groups. 

Catamarans often have multiple cabins, spacious living areas, and outdoor lounging spaces, making them ideal for those seeking a relaxed and sociable charter experience.

Monohull yachts feature a single hull, offering a traditional and authentic sailing experience. These yachts are known for their graceful lines and timeless charm. While they may have slightly less interior space compared to catamarans, monohulls excel in their sailing performance and agility, making them a favorite among sailing purists who appreciate the art of navigating the waters under wind power.

Superyachts

Superyachts epitomize luxury and opulence. These massive vessels often exceed 100 feet in length and feature a plethora of amenities, including multiple decks, swimming pools, Jacuzzis, helipads, and more. 

Superyachts can accommodate larger groups and are often equipped with a crew to cater to every need. While the charter rates for superyachts are typically higher, the level of luxury and extravagance they offer is unmatched.

Expedition Yachts

Expedition yachts are designed for those seeking off-the-beaten-path adventures. These rugged vessels are equipped to explore remote destinations and endure challenging conditions. 

Expedition yachts combine the comforts of a luxury yacht with the capability to navigate through polar regions, remote islands, and exotic locales. If you’re an adventurer at heart, an expedition yacht can provide you with the opportunity to explore uncharted waters and experience the thrill of discovery.

Classic Yachts

Classic yachts evoke a sense of nostalgia and history. These yachts often have elegant lines, rich wooden interiors, and a timeless charm that harks back to a bygone era of yachting. 

While they may not boast the same modern amenities as newer yachts, their unique character and craftsmanship make them a favorite among those who appreciate the vintage allure of sailing.

Is Chartering a Yacht Worth It?

Chartering a yacht offers an unparalleled experience of luxury, freedom, and exploration on the open waters. The opportunity to tailor your journey, enjoy personalized service, and discover unique destinations makes yacht charters a remarkable investment in memorable experiences. 

While the cost can vary, the chance to escape the ordinary, indulge in stunning surroundings, and create lasting memories with friends or family often makes chartering a yacht well worth the investment for those seeking a truly extraordinary vacation.

In the world of yacht charters, costs vary based on factors like yacht type, destination, and services. Understanding these elements helps in budgeting and making informed decisions. Whether seeking relaxation or adventure, clear cost considerations lead to a tailored yachting experience within your means.

Noah Miller

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Yacht Charter: How Much Does it Cost? All Rental Costs Explained

How much it costs to rent a yacht isn’t always a very clear cut answer. There are numerous ways to charter a yacht and different factors can significantly increase or lower the cost of a yacht rental.

Here are the main costs to consider to estimate the total yacht rental price of your next yacht charter.

Yacht Rental Costs in a Nutshell

To calculate the price of a yacht charter, you need to sum the base fee of the yacht charter (the price you see displayed on websites), taxes (varies depending on destination), APA , crew gratuity and insurance cost . 

Depending on the details of your yacht charter, you will need to add between 30% and 100% on top of the base fee to have the total cost of your rental.

Here is an idea of the ranges you can expect for the yacht charter base fees :

• Motor Yachts – Sailing Yachts under 50ft: €4 000 – €15 000 / week
• Motor Yacht – Sailing Yachts between 50ft and 65ft: €15 000 – €40 000 / week
• Motor Yachts – Sailing Yachts between 65ft and 80ft: €40 000 – €70 000 / week
• Motor Yachts – Sailing Yachts between 80ft and 100ft: €70 000 – €100 000 / week
• Motor Yachts – Sailing Yachts over 100ft: €100 000 – up to 1,000,000 / week

To know the estimation of your total yacht rental cost based on your situation, use our free calculator below , or read the next paragraphs to make the calculations on your own.

What is the (true) cost of chartering the yacht you've seen? 💰⛵

The advertised prices of all charter companies do not include APA, VAT & other variable costs. 

Use our calculator to get a 100% FREE estimate of the REAL total cost of your next yacht charter! ⬇

How is the total price of a yacht rental calculated?

There are two main categories of yacht charters: all-inclusive or separated charges. 

The all-inclusive yacht rentals option (rare)

The all-inclusive option isn’t very common in yacht charters, and tends to be for smaller yachts and cruise where it’s easier to package a standardized offer.

As the name implies, all-inclusive yacht charter offers a price that includes everything: fuel, food, beverages, and entertainment (diving and fishing equipment).

The “usual” option: base charter rates and separated variable charges to add on top

In most yachting websites, the price of a yacht charter only refers to the  base price  of a boat at its lowest possible charter time.

It doesn’t include many variable costs such as food and beverage, fuel, taxes, insurance and so on.

To understand the total cost of chartering a yacht when it’s not all-inclusive (which is almost always the case), it’s therefore important to split the costs that are included in the base rate of the yacht (the price you’ll see displayed on a website) from the costs that are not included in that base rate , that you will therefore need to add yourself if you want a precise estimation.

Don’t worry, the math isn’t rocket science.

The formula goes like this:

Total yacht charter price = Base charter fee + APA + Taxes + Insurance

We’ll detail each costs in the following paragraphs.

The base charter fee of a yacht rental: Costs and factors included in the calculation

The base charter fee of the yacht rental is essential in calculating the total cost of your charter. Most variable costs are calculated as a percentage of that base fee and are simply summed up together along with the base fee to get the total cost.

Here is what you should know about the base charter fee.

The base charter fee follows a simple rule: the longer the yacht, the higher the charter cost

The boat’s size affects the base charter fee considerably. It determines the number of cabins and guest capacity , the number of staff on board, along with a lot of amenities that tend to get more spacious and more luxurious the longer the yacht gets. 

Everything that comes with the yacht (including the staff!) is included in the base charter fee.

The more reputable and in-demand the yacht is, the higher the base fee gets

A yacht reputation and popularity can also affect the base fee, even for boats within the same size range.

Boats are by definition limited in stock and follow supply and demand laws . When a particular yacht is in high demand, whether it’s thanks to its reputation, its features, the season or its recent appearance in a movie, series or TV shows the price of the charter can shoot up.

For instance, chartering a yacht featured in a James Bond movie such as  luxury yacht Regina  won’t cost the same as a regular model. Likewise for most yachts that are a part of the popular Below Deck TV show .

It can also be true for some classic yachts that had famous builders or previous celebrity owners.

The season does influence the yacht rental prices at the base fee level

Your yacht charter base fee depends to some extent on your date of departure. 

If you take your vacation during the busiest weeks of the year (high season) of a destination, you’ll pay a higher base price than someone who charters a yacht on low season dates.

In the Mediterranean, the high season is in summer while it’s in winter for the Caribbean. The yacht charter base fees will be at their highest during these months. 

Sometimes just a week or two can make a big difference to the price. Chartering a yacht in shoulder seasons can be a good idea when you are looking for good deals.

Likewise, since some destinations have very short seasons , it has increased demands and makes it more expensive.

International events will also increase the cost of a yacht charter. Expect to pay more if you want to attend the Monte-Carlo Masters (April), the Cannes Film Festival (May), or the Monaco Grand Prix (May) during your yachting vacations in the Mediterranean.

The destination you pick can affect the base charter fee of your yacht rental

Your vacation destination is an essential factor in the yacht charter charge that is included in the base fee. 

As the supply and demand law dictates, the more competition there is, the less you have to spend. It is why locations with large charter fleets are less expensive.

The Bahamas, BVI and the Mediterranean are for example more affordable than remote islands without established yachting industries.

The water toys are usually included in your base yacht charter fee and influence its amount

On a yacht, water toys don’t refer to your average backyard inflatable unicorns. Think instead of big equipment for marine activities: jet skis, kite-surf, kayaks, paddleboards, submarines, and expensive high-powered yacht tenders.

Some vessels come with sea pools or a giant slide to glide from the top of the boat straight into the ocean.

Most of these items, especially when they are in high numbers, can come at a cost that will be on the bottom line of your yacht charter invoice.

All the water toys specified in the yacht brochure when you make the reservation are generally included in the base fee . But it’s up to you if you want to rent others or even buy them. Make sure you ask your broker for advice about the cost of these extra if your budget is limited.

The base fee of your yacht charter is fixed and proportional to its duration

Most yacht charter companies only work ‘per week,’ and yacht owners rarely accept a shorter duration. Many companies have minimum stays of ten days, however some boats accept day charter or short periods, you can always ask your broker for an appropriate selection.

You can rent a vessel for two weeks or more, but the price won’t go down for longer holidays.

Yacht rental costs that are NOT included in yacht charter base fee

Now that we’ve seen what is usually included in the charter base fee, let’s find more about all these costs that you’ll have to add to the base fee to estimate your total yacht rental cost.

APA: the main variable cost of your yacht charter (add 20%-40% to your base fee)

The charter fee usually covers the cost of renting the yacht and the crew’s salary. But you still need to pay for fuel, provisions, and other extras for your trip. 

A fee covers all these additional costs : APA or Advanced Provisioning Allowance.  Find out more about the APA here.

APA is the standard system to pay your expenses on a luxury yacht charter, and it is generally a percentage of the charter fee. You’ll usually end up paying between 20% and 40% more than the base cost of the yacht charter in APA.

The amount varies a lot, depending on the ship and your activities. It will increase if the yacht has a higher fuel consumption, if you plan on cruising more than 4 hours a day, if you want to have onboard particular expensive brands, etc.

What does the APA cover?

APA covers all the day-to-day operating expenses. It also includes any special requests you might have while you’re on board. 

Here are the main costs of your yacht rental the APA covers: 

Food and drink

On your yacht charter, the chef can prepare all the dishes you want, whether you are vegan or low carb, whether you have allergies or require kosher meals. Make sure that you explain your food preferences to your broker.

Fuel Charges

Your fuel costs will depend on your boat, your itinerary, and whether you choose to cruise or stay at anchor. A sailing yacht charter can cost 10% less than a motor yacht charter because the fuel consumption is smaller.

This amount also includes the fuel expenditure of any water toys and tenders you use during your charter.

Harbor fees and dockage

The harbor fees and dockage will be more or less high-priced depending on your destination and season. All these costs will be included in your APA.

Communications Costs

For most people, yachting is about enjoying life outside of the daily routine. If you can’t survive without the Internet or satellite communications, you don’t have to worry. Your yacht charter will provide you all the digital connections needed. They won’t add much to the APA, but it’s still something that comes at a price.

Delivery fee

If you board or disembark the ship outside its usual harbor, you’ll have to pay a transportation fee to cover the fuel required to get your yacht to your requested destination.

Interiors and Laundry

The APA fee includes interiors and laundry costs to keep the yacht immaculate. But if you request unique decoration, it may add an extra charge.

Personal laundry services may not be covered depending on the yacht.

Taxes: a cost that varies a lot from country to country (add between 0% and 35% on top of base charter fee)

Taxes do have an impact on the total cost of your yacht charter, especially in some destinations.

For example, in Europe, chartering a commercial vessel is subject to VAT . But fees vary significantly according to your destination and itinerary. Some countries have a 0-tax rate (Montenegro, New England), while in others a passage in the international waters can lower the VAT rate.

The taxes can vary from VAT, national parks entrance (la Maddalena in Sardinia for example), countries taxes etc. the VAT and taxes will be based on the charter fee, so make sure you discuss this with your advisor to anticipate the cost.

Here are some VAT rate applied on luxury yacht charter in 2022 :

–  Charter in France  will be at 20 % VAT based on charter fee

–  Charter in Italy  will charge 22 % VAT based on charter fee

–  Charter in Spain  will charge 21 % VAT based on charter fee

–  Charter in Croatia  will charge 13 % VAT based on charter fee

–  Charter in Greece  will charge 24 % VAT based on charter fee with a discount of 60% on charter of more than 48h ending usually at 12% VAT, this is subject to change in 2022.

Moreover some countries such as Spain or Greece charge a licence for a yacht to be able to embark passengers for a paid charter in their waters, this explains why not every yacht can cruise in all countries.

Crew gratuity: a good practice to include in the cost of your yacht charter (add 15-20% to the base charter fee)

The crew on a yacht work even if you don’t notice it. 

Serving, cleaning, preparing, fixing, they are the key elements that make your charter a success. 

Even if tipping is not strictly mandatory, it is common practice to include a tip to the team when you are satisfied by their services. 

The suggested amount is around 15-20% of your base charter rate . It is therefore important to include this amount in your yacht rental price beforehand.

Yacht charter cancellation insurance: a small cost that can save you a lot (add 15% of your base fee)

Cancelling or shortening a yacht charter can be very expensive if you don’t have cancellation insurance.

It is a small price to pay to ensure that all the money spent on your yacht charter will not go to waste if some unfortunate event leads you to miss your yacht rental.

As a charter company, we will help you select the best insurance options among several different offers.

In most cases, your cancellation insurance will cost around 15% of your charter base fee.

A typical yacht rental total cost isn’t as hard to determine as it seems when you know all the variable costs and your base fee.

Once you have your base charter fee in hands, add the following costs to estimate the final amount you’ll see on your yacht rental invoice:

• 20% – 40% on top of your base fee for APA (low end for sailing vessels, higher end for motoryachts)
• 0% – 30% of taxes and VAT on top of your base price. Highly dependant on your destination.
• 10% – 15% on top of your base fee for crew gratuity
• 15% on top of your base fee for cancellation insurance

Get in touch with our team to estimate more precisely the cost of your yacht charter project.

FAQ about cost of yacht charter and APA

Small motoryachts and sailing yachts under 50 ft (15m) can be chartered from 4,000€ to 15,000€ weekly.

Chartering motoryachts and sailing yachts between 50ft and 65ft costs between 15,000€ and 40,000€ weekly.

Between 65ft (20m) and 80ft (24m), you can expect motoryachts and sailing boats charters between 40,000€ and 70,000€ weekly. Between 80ft (24m) and 100ft (30m), the cost of chartering a yacht ranges between 70,000€ and 100,000€ weekly.

For yachts over 100ft (30m), the cost of charter ranges between 100,000€ and 1,000,000€ weekly.

APA stands for Advance Provisionning Allowance. You pay this fee in advance to cover food and drinks, fuel charges, harbors fees and dockage, communication, delivery fee various fees such as cleaning or interior design.

Advance Provisionning Allowance varies depending on your travel plans. Usually, it represents a surcharge of 20% to 40% on top of the yacht charter base price.

The APA is due one month before you set sail when dispensing your final charter payment. The captain directly receives the money and will supervise all the purchases made before and during your journey. He will be responsible for ensuring the crew stays within budget and will provide receipts upon request.

APA estimations are usually accurate. The captain will keep you updated during your trip. If you decide to go over the initial payment, you can top up the APA in cash or pay the balance during your trip.

With transparent communication, realistic budgets, and advanced provisioning, you may spend less than the APA and have the difference returned to you at the end of the cruise.

Get the base charter fee of your yacht rental, add taxes, APA, crew gratuity and cancellation insurance and you will have a very close estimation of your yacht rental cost everything included.

The base charter rate includes everything that is on a yacht: cabins, amenities, water toys along with the crew. Everything else (fuel, food, taxes…) come at an extra cost.

Crew gratuity is usually comprised between 15% and 20% on top of the base charter fee for most yacht rentals.

For sailboats in tax free areas, you can get away with a total cost of 30% on top of the base rate. In extreme cases (motoryachts in high taxed countries with big tips for the crew and cancelation insurance), you can more than double the base price. Most charters should be in between within the 40-80% on top of base fee range.

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Why: Choose a Mediterranean Yacht Charter?

Mediterranean yacht charter vacations are always by far and away the most popular summer location. You can read hundreds of our client endorsements here . Think the French Riviera, Monaco, Italy, Croatia, Sardinia, Spain and Greece. This is where most of the large crewed superyachts are concentrated and this is where also where you will find a huge variety of interesting places and cultures to experience. The Mediterranean (or Med’ for short) has everything. The area covers a large diversity of countries, cultures landscapes and experiences. Yet, the fantastic thing is that they are relatively close together, so you can create convenient and action packed itineraries very easily. On top of this, the yachting infrastructure in Europe is second to none so there are dozens of beautiful marinas filled with beautiful private superyachts and mega yachts that can be chartered as well as all the shops, restaurants, bars and conveniences that you could need. Because of its popularity the Mediterranean has an incredible choice of charter boats available to rent, both motor (power) yachts and sailing yachts, including the ever more widespread large luxury private superyacht charters.

How Much Does it Cost To Charter a Yacht in The Mediterranean?

Mediterranean yacht charter prices vary according to the size, style and age of the yacht. Our luxury superyacht charter yachts rent from 30,000 Euro to over 1,000,000 per week, plus expenses, in the form of an advanced provisioning allowance (APA). Conversely, smaller 'all inclusive' type vacations cost between Euro 15,000 to 50,000 per week. Here is the full list of all the charter yachts and here are the current Mediterranean yachts with special discounted prices .

Timing & Weather: The Mediterranean Yachting Season

The Mediterranean yachting season generally runs from April to the end of October. During the height of the season, in July and August, the climate is warm and sunny and the winds tend to be light. While this is the high season for all tourism, you can still easily avoid onshore tourists while afloat. The weather can also be good during the shoulder seasons.

Tip: Shoulder Season Means Value & Choice

Another good time to charter your yacht is generally on either of the shoulder seasons from April-May and September-October. These periods fall each side of the main summer season when the temperatures are still comfortable. September, for instance, is an underrated time of the year because the weather is usually good (if not too hot) but the sea is at its maximum temperature which is ideal for swimming. At this time there is greater choice of berths and anchorages for your boating vacation and the onshore tourists are not present in their largest numbers.

Yachts: The Mediterranean Charter Yachts

Please contact the friendly team at CharterWorld for prompt service and advice and the best crewed luxury yacht charters.

A yacht charter with CharterWorld is a fantastic way to experience the best of the world's coastline, pristine white beaches, sparkling azure waters, vividly colored marine life, national parks, secluded bays or dynamic nightlife; the list is endless. A yacht vacation allows you freedom and choice in some of the most spectacular locations around the world.

Important Spots: Consider These For Your Mediterranean Yacht Charter

Mediterranean yachting holiday locations are unequaled in their natural beauty, cultural heritage, passion, glamour and style. There was a time when the Mediterranean was the center of the known and civilized world and for private yacht charter vacations, to an extent, it still is. Today, the clear azure waters of the Mediterranean maintain a cachet of culture, history, sophistication, luxury yachts and stunning beauty, all with an endearing reputation of unrestrained energy.

The sunny Mediterranean is often conveniently split into two main areas - The Western Mediterranean and the Eastern Mediterranean . Both parts are culturally unique, yet both are lipped with stunning beaches, hidden coves, majestic ports and luxury yachts. Yachts of all sizes and shapes grace the Mediterranean, some are large motor yachts, some are sleek sailing yachts, some performance orientated and others of a more comfortable cruising style. This fabled area provides the untamed extravagance of the French Riviera , the gravity-defying architecture of the Italian coasts, the unaffected charms of Croatia, the fragrant orange groves of Spain , the exotic lure of Turkey and Greece , the birthplace of civilization.

"There was a time when the Mediterranean was the center of the known and civilized world and for private yacht charter vacations, to an extent, it still is."

The Mediterranean charter area takes in the Tyrrhenian, Ionian, Aegean and Adriatic seas. It includes the austere and striking islands of Sardinia , Corsica , the Balearics and Malta . Some of the most famous private yacht charter spots include Monaco , Nice , Cannes , St Tropez , Capri , Portofino , Amalfi , Positano, Porto Cervo, Palma de Mallorca , Valencia , Barcelona, Dalmatians, Corfu, Mykonos, Piraeus, Bodrum and Marmaris, to name a few. And some of the charter boat countries bordering the Mediterranean include France , Spain , Italy, Croatia , and Greece .

Ranked: The Top 7 Mediterranean Yacht Charter Locations

Yacht Charter Itineraries: For The Mediterranean

Why CharterWorld?

CharterWorld is a specialist charter company with all the yachts in the Mediterranean at the best price. With the industry’s top professional yacht brokers and every yacht in all the Mediterranean available you will be well served. If there is a boat or cruising area in the Mediterranean, or elsewhere, that you are interested in which is not covered here, please contact us and we will provide you with that information personally and free of charge.

See The Yachts & Specials Below or  View all the yachts for charter in the Mediterranean here

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MEDITERRANEAN Yacht Charter Enquiry

Dear Chelsea, Everything was great, the Itinerary was amazing, we really enjoy all the places we visited. The crew was really nice, and we had a great time in the Mediterranean. Steve is a great Captain and would definitely charter again with him. I think our friend also rented a boat from you after I recommend he speak with you for a Charter in Greece. Please send the remaining money to Steve account as a tip for all of the crew. Thank you for everything; we had a great time, and best regards. - Chartered a motor yacht in the Mediterranean.

Yachting Destinations Near the Mediterranean

In close proximity to the Mediterranean are a number of exciting sailing destination.

French Riviera

Yachts for Charter in the Mediterranean

Romea | from eur€ 1,100,000/wk.

80M MODERN CUSTOM YACHT | From EUR€ 1,085,000/wk

PHOENIX 2 | From EUR€ 1,000,000/wk

O'PARI | From EUR€ 1,000,000/wk

85M EXPLORER YACHT | From US$ 950,000/wk

85m CUSTOM SUPERYACHT | From US$ 945,000/wk

GOLDEN HORIZON | From EUR€ 910,000/wk

82m CUSTOM SUPERYACHT | From EUR€ 875,000/wk

BOLD | From EUR€ 875,000/wk

85M CUSTOM MEGA YACHT | From EUR€ 875,000/wk

74m CRN 131 | From EUR€ 870,000/wk

HBC | From US$ 850,000/wk

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Special offer location: west mediterranean.

KAR | From EUR€ 50,000.00/wk

M/Y ROCKET ONE | From EUR€ 160,000.00/wk

10% discount location: greece.

ELENA | From EUR€ 25,200.00/wk

Special offer location: croatia.

ONE BLUE | From EUR€ 89,820.00/wk

GOLDEN EAGLE | From EUR€ 35,000.00/wk

NOOR II | From EUR€ 94,500.00/wk

Charter yacht disclaimer.

This document is not contractual. The yacht charters and their particulars displayed in the results above are displayed in good faith and whilst believed to be correct are not guaranteed. CharterWorld Limited does not warrant or assume any legal liability or responsibility for the accuracy, completeness, or usefulness of any information and/or images displayed. All information is subject to change without notice and is without warrantee. A professional CharterWorld yacht charter consultant will discuss each charter during your charter selection process. Starting prices are shown in a range of currencies for a one-week charter, unless otherwise marked. Exact pricing and other details will be confirmed on the particular charter contract. Just follow the "reserve this yacht charter" link for your chosen yacht charter or contact us and someone from the CharterWorld team will be in touch shortly.

Morgan Stanley Chief Jonathan Bloomer Also On Sunken Bayesian Yacht With Michael Lynch

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The chairman of Morgan Stanley International was reportedly among the six missing people—including UK tech mogul Michael Lynch— after the 184-foot luxury sailing yacht Bayesian sank in rough seas near Sicily early Monday morning, according to new reports.

Italian emergency services headed out to sea towards the area off the Sicilian coast on Tuesday, ... [+] Aug. 20, 2024.

Lynch , a British tech entrepreneur and one-time billionaire, and his 18-year-old daughter Hannah Lynch are confirmed to be among those still missing after the ship sank (his wife, Angela Bacares, was rescued).

Jonathan Bloomer, chairman of the Morgan Stanley International bank and insurance company Hiscox, is also reportedly among the missing along with his wife, Judy.

Authorities on Monday told the BBC the missing people are presumed to still be inside the boat, and rescue operations resumed Tuesday morning.

The vessel had 22 people on board — 10 crew and 12 passengers — including people from the United States, Britain and Canada, when it overturned at around 5 a.m. Monday, according to the Italian coast guard.

Fifteen people were rescued from the vessel (including a 1-year-old girl), one person was found dead and six, including two Americans , remain missing, according to multiple reports.

Local media reported the person who died was a member of the crew, thought to be the yacht’s chef .

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Who Are The Missing People Aboard The Bayesian Yacht?

Lynch, 59, and his daughter were the first to be reported as among the missing. Lynch's lawyer Chris Morvillo, a former assistant U.S. Attorney for the Southern District of New York, has also not been found, nor has his wife and jewelry designer Neda Morvillo. Bloomer, 70, a close friend of Lynch's, is also missing along with his wife, Judy.

Key Background

The Bayesian was anchored near the port of Porticello overnight Sunday when a harsh storm hit the coast that included a " waterspout ," a tornado-like swirling column of air and water. The ship tipped over and quickly was drug underwater by its massive mast —it had the tallest aluminum mast in the world at 246 feet. Of the 15 people rescued in the aftermath, eight were treated at a local hospital.

Lynch was acquitted in a fraud trial in June after he was accused by Hewlett-Packard of artificially inflating the value of Autonomy before HP bought it for more than $11 billion in 2011. HP wrote off $8.8 million of Autonomy's value within a year of buying the company. Today, The Times estimates Lynch has a net worth of £500 million. He "had a lot of pride" in his yacht, a member of his staff told the U.K. paper, and business filings show the boat is legally owned by his wife, Bacares.

Surprising Fact: Lynch's Co-Defendant Stephen Chamberlain Died The Same Weekend

Stephen Chamberlain, who was acquitted in the same trial as Lynch in June, died hours after news broke of Lynch's disappearance. Chamberlain was hit by a car while jogging in England on Saturday morning and was put on life support before his death was announced late Monday, the Guardian reported . Lynch and Chamberlain were both indicted for conspiracy and wire fraud in the sale of Autonomy to HP before being acquitted.

What To Watch For

An ongoing search operation includes divers attempting to search the vessel, now sitting 160 feet below sea level, as well as rescue boats and helicopters, according to CNN .

$215,000. That's the cost to charter the Bayesian, a single-mast sailing vessel, for one week .

Crucial Quote

“She told me that while they were sleeping, at a certain point the yacht overturned due to the tornado, and they found themselves in the water,” Dr. Domenico Cipolla, head of the emergency room at the pediatric hospital in Palermo, Italy, told The Times . “Some of them immediately managed to get onto the lifeboat. And some, evidently, didn’t make it.”

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The Oyster 675 is a beautifully proportioned 70 foot sailboat with a huge hull volume that makes her extremely versatile. Well provisioned as an ocean sailboat, with large tankage, ample space above and below decks and plenty of stowage, including a vast, full-width lazarette. The spacious and sheltered cockpit, with space for eight features audio and a built-in refrigerator.

The Oyster 675 is a joy to sail shorthanded or with a crew. Her powerful 70 foot twin rudder hull form makes sailing a pure pleasure. Despite her substantial displacement, the Oyster 675 is responsive and fast-moving, delivering consistently fast passage-making speed. Our design team have gone to extreme lengths to consider every aspect of the sailing experience to make her equally suited to shorthanded sailing or cruising with a full crew. When manoeuvring in tight spots, the retractable bow and stern thrusters, fitted as standard, provide complete control.

The ergonomically designed twin helm stations feature large helm seats with backrests, grab handles and sunken footwells for protection if conditions turn rough. She features a hydraulic push-button, in-mast furling and headsail furling is set up as standard. All navigation and automated sailing controls are located on the twin helm stations, with winches positioned within easy reach.

The Oyster 675 is a true bluewater adventure machine, designed and built to our meticulous and renowned build quality.

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Mike Lynch and daughter among missing after yacht sinks: What we know about disaster - and 'alarming' potential cause

The British-flagged luxury vessel named Bayesian was carrying 22 people when it got into difficulty off the coast of Sicily. Six people have now been confirmed dead, with one still missing.

News reporter @samuelosborne93

Thursday 22 August 2024 19:32, UK

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Six bodies have been found after a superyacht sank off the coast of Sicily.

Twenty-two people were on board the vessel named Bayesian when it got into difficulty in the early hours of Monday, with 15 people rescued.

Here's what we know about the sinking of the luxury vessel so far.

Follow latest updates on the superyacht sinking

What might have caused the sinking?

The British-flagged luxury vessel, named Bayesian, capsized at around 4.30am local time on Monday morning off Palermo, according to ship-tracking site Marine Traffic.

It sank in as little as 60 seconds with 22 people on board, 12 passengers and a crew of 10, according to the Italian coastguard.

Waterspouts, essentially tornados that form over water, were seen as powerful winds battered the area overnight, local media said.

The yacht may have sunk faster with all the doors open due to the hot weather, Sailing Today magazine editor Sam Jefferson has said.

"I imagine all the doors were open because it was hot, so there were enough hatches and doors open that it filled with water very quickly and sank like that," he said.

Official pictures show air conditioning units in several of the rooms, however, which could counter the suggestion open windows caused the vessel to sink faster.

The huge mast is also likely to have played a role, he added.

What are waterspouts?

Waterspouts typically occur during thunderstorms and can develop very rapidly, within minutes.

Their spin generally reaches wind speeds between 75-200mph, but can reach as high as 300mph.

They can travel at about 10-20mph typically but can reach greater speeds, making them difficult to avoid - especially in something as slow-moving as a yacht.

Matthew Schanck, chair of the Maritime Search and Rescue Council, called the reports of a tornado or waterspout "rare" and "quite alarming".

"The vessel was at anchor in a recognised anchorage," Mr Schanck said.

"Depending on wind direction and the state of the sea, this informs the captain whether it is a safe area to anchor or not. There was nothing that was too concerning, for my eye. All in all, the captain used the information they had to make a safe call."

Who owns the yacht?

The yacht belonged to the family of British tech tycoon Mike Lynch. He was confirmed to have died after rescuers found his body on Thursday. Mr Lynch was on holiday with his 18-year-old daughter Hannah, who is still missing, and his wife Angela Bacares, who was rescued.

Mr Lynch, 59, was known as the " British Bill Gates " and has been in the headlines in recent months over a high-profile fraud case.

In June, a US jury cleared him of all charges, which were related to the 2011 sale of his software company Autonomy to Hewlett-Packard (HP). The yacht trip is believed to have been a celebration of the end of Mr Lynch's legal troubles.

HP accused him of deliberately overstating the value of the company before it was acquired by the American tech giant.

Mr Lynch was extradited to the US to face trial in May last year and spent 13 months under house arrest in San Francisco as he awaited trial on 17 charges of conspiracy and wire fraud brought by the US Department of Justice - which were later reduced to 15 charges. He always denied any wrongdoing and was acquitted.

Read more: Lynch's co-defendant dies days before yacht sinking

Who was on board when the boat sank?

The passengers were largely British and American, with crew members were from New Zealand, South Africa, and Canada.

Charlotte Golunski was among the Britons rescued. Her LinkedIn profile says she is a partner at Mr Lynch's firm Invoke Capital and has worked there since 2012.

Speaking after the ordeal, Ms Golunski told Italian media that she lost her daughter Sofia for "two seconds" amid the "fury" of the sea but was able to retrieve her. She said she held the infant above the waves until the lifeboat was ready.

"Many people screamed. Luckily the lifeboat inflated and 11 of us were able to get on board," she told ANSA.

The girl's father James Emsley also survived, according to Sicily's civil protection agency.

Also on board were Jonathan Bloomer, chairman of investment bank Morgan Stanley, his wife Judy Bloomer, a top US lawyer Chris Morvillo, who worked on Mr Lynch's criminal case, and his wife Neda Morvillo. Divers confirmed they all died in the disaster on Thursday.

The yacht's captain James Calfield survived, along with South African crew members Leah Randall and Katja Chicken.

Recaldo Thomas, a Canadian-Antiguan chef who was working on the boat, was the first to be found dead, the Italian Coastguard confirmed to Sky News.

During rescue efforts, divers saw "corpses through the portholes" of the wreck as they recovered the body of a man at a depth of 50m (164ft), according to Salvo Cocina, the head of the Civil Protection of Sicily.

What do we know about the vessel?

The Bayesian is owned by a company controlled by Mr Lynch's wife.

It was known for its unusual 72.3m (246ft) single mast - one of the world's tallest made of aluminium - and shared its name with the statistical method Mr Lynch's Autonomy software was based on.

It was built by Italian company Perini Navi in 2008 and last refitted in 2020.

It was listed for rent for up to €195,000 (£166,000) a week, according to online charter sites.

The luxury vessel , which was managed by yachting company Camper & Nicholsons, could accommodate up to 12 guests in six suites.

It won a string of awards for its design, according to online specialist yacht sites.

Mr Schanck said the vessel would have been equipped with "high standard" life-saving appliances and radio communications. He added the yacht would have met all international standards and UK maritime coastguard agency regulations before its voyage.

Keep up with all the latest news from the UK and around the world by following Sky News

The boat left the Sicilian port of Milazzo on 14 August and was last tracked east of Palermo on Sunday evening, with a navigation status of "at anchor", according to vessel tracking site VesselFinder.

The Bayesian previously travelled to other parts of Sicily before its last sighting off the coast of the port of Porticello.

On Sunday, the boat was seen off the coast of Cefalu before it travelled towards Porticello, MarineTraffic data shows.

In the days before, the yacht travelled around four of the Aeolian islands, just north of Sicily.

It was previously named Salute, or "health" in Italian, when it flew under a Dutch flag. Its minimalist interior featured light wood with Japanese accents designed by the French designer Remi Tessier, according to descriptions on charter sites.

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Prosecutors in the nearby town of Termini Imerese have opened an investigation into the sinking.

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At Least 1 Dead and 6 Missing After Yacht Sinks Off Sicily

Fifteen other people were rescued. Expert divers were called in to carry out search operations in the deep water. Among the missing was a British software mogul, Mike Lynch.

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By Elisabetta Povoledo

At least one person was killed and six others, including a British software mogul, were missing on Monday after a sailing yacht carrying 22 people sank during a violent storm off the coast of Sicily, Italian officials said.

The yacht sank after a storm “with strong winds” struck around 5 a.m., according to Luciano Pischedda, the Italian Coast Guard official overseeing the rescue operations. The vessel had been anchored about a half-mile off Porticello, about 12 miles east of the Sicilian capital, Palermo.

Camper & Nicholsons, managers of the sailing yacht, said in an emailed statement that there were 12 guests and 10 crew onboard.

The authorities have yet to determine what caused the yacht to sink. “This will be ascertained later,” Mr. Pischedda said, adding that several crew members were in the hospital and had not spoken to investigators.

Among the dead and missing, four were British, two were American, and one was a man with dual citizenship from Canada and Antigua, he said.

One of those unaccounted for is Mike Lynch, a British software mogul who was acquitted in the United States in June of fraud, according to a person with knowledge of the matter who spoke on the condition of anonymity because they were not authorized to speak publicly about it.

His wife, Angela Bacares, was rescued. Mr. Lynch, who once was described as Britain’s Bill Gates, had fought for more than a decade against accusations that he had defrauded Hewlett-Packard when he sold it his company, Autonomy, for $11 billion. The legal battle represented one of the biggest fraud cases in Silicon Valley history.

Salvatore Cocina, a top official with Sicily’s civil protection agency, said that Mr. Lynch’s daughter, Hannah Lynch, was also among the six people missing. All were passengers on the yacht, the Coast Guard said.

Mr. Cocina said the body that had been recovered was that of the yacht’s cook.

A passenger ship sailing under the flag of the Netherlands, the Sir Robert Baden Powell, anchored nearby, provided immediate assistance to the 15 surviving passengers, Mr. Pischedda said.

Karsten Börner, the captain of the Sir Robert, said in a telephone interview that he’d had to steady his ship to “keep it in position” during what he described as very strong winds. During the storm, the yacht seemed to disappear, he said. “At a certain moment she was gone behind us,” he said.

After the wind dropped down, “we couldn’t see the yacht any more, and then we saw a red flare,” he added. When he and a colleague went to check out the flare’s position, they spotted a “life raft adrift with 15 people on board, one of them a baby and four people injured,” he said. They were taken aboard the Sir Robert and Captain Börner contacted the Coast Guard, which brought the survivors to shore.

Captain Börner said he didn’t know when the ship went down because the storm made it difficult to see clearly. The wind was “really violent,” he said.

For the most part, the survivors didn’t speak much he said. “They were all under shock,” he said. “It was a bad, bad situation.”

Monday’s storm surprised experts with its intensity.

Col. Attilio Di Diodato, director of the Italian Air Force’s Center for Aerospace Meteorology and Climatology, said the agency had registered intense lightning activity and strong gusts of wind in the area at the time of the accident.

“It was very intense and brief in duration,” he said of the storm. He could not rule out that it had been a waterspout, or small tornado, but nevertheless called it “an important event.”

Italy’s firefighter corps said that its divers had started carrying out a search and rescue mission at dawn.

On Monday afternoon, expert divers with the firefighter corps arrived in Porticello to search the sunken vessel, which was under about 165 feet of water.

Operations at that depth, were “complicated,” and required specialized divers, said Luca Cari, a spokesman for the firefighters.

Fabio Cefalù, a fisherman in Porticello, told the Italian newspaper La Repubblica that he saw a waterspout — a sort of mini-tornado — that lasted “about 12 minutes” off the shore of Porticello shortly before 4 a.m.

Around 4:10, he said he saw a red flare go off “about 500 meters from the shore.” He said he waited for the weather to calm down, and went out about 20 minutes later to the site where the flare had gone off.

“We found only the cushions, and a few planks” floating in the water, he told the newspaper. There was no sign of the ship, and he immediately called the coast guard.

The boat, identified by Italian officials as the Bayesian, is an Italian-made 56-meter-long sailing yacht first launched in 2008, according to the website marinetraffic.com , which tracks ships. It sails under the flag of Britain, and was built by Perini Navi, an Italian luxury yacht maker.

Eight of the 15 passengers who were rescued were taken to hospitals in Palermo, the coast guard said. Camper & Nicholsons, the managers of the yacht, said its priority was to “provide all necessary support to the rescued passengers and crew.”

Giuseppe D’Agostino, the mayor of Santa Flavia, which includes Porticello, said the survivors would be cared for at a local hotel. The city had also brought them immediate necessities, like toiletries and clothes.

He said in a telephone interview that he had not spoken to the survivors since “they’re in shock.”

The youngest passenger onboard, a 1-year-old girl named Sophie, was taken to the Di Cristina hospital in Palermo with her mother, Charlotte, who had some scrapes and cuts, said Domenico Cipolla, director of the pediatric emergency room at the hospital.

Sophie’s father was in the hospital’s adult emergency room and had been in contact with his wife and daughter by phone, Dr. Cipolla said. He was not permitted to release the family’s surname. Both mother and child were in good condition apart from “great emotional stress” he added in a telephone interview.

“We’re comforting them more than curing them,” he said.

Michael J. de la Merced contributed reporting.

Elisabetta Povoledo is a reporter based in Rome, covering Italy, the Vatican and the culture of the region. She has been a journalist for 35 years. More about Elisabetta Povoledo

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What caused the fatal sinking of the superyacht Bayesian?

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Victor Mallet and Visual and Data Journalism team in London

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

One of the world’s largest sailing superyachts sank in high winds off Sicily on Monday, causing the death of UK tech entrepreneur Mike Lynch and five other passengers and crew, with one person still missing on Thursday.

The trip on the Lynch family’s yacht had been intended to celebrate his recent acquittal by a US jury, with 12 passengers on board, including his wife and 18-year-old daughter, and 10 crew members.

The Italian coastguard said the 56-metre, 540-tonne, British-flagged yacht Bayesian sank within minutes after it was hit by ferocious winds of 60 knots (over 110km/h) near Palermo.

The rapid sinking of such a large, modern and well-equipped yacht due to bad weather, rather than as a result of a collision, has raised concerns over marine safety as extreme weather events occur with more frequency and intensity.

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Why did the superyacht sink?

The yacht may well have been caught in a waterspout — a form of tornado — because the extreme wind speeds were recorded only in a localised area around the harbour of Porticello, where the boat was anchored about 300 metres offshore when it was struck.

Karsten Borner, the skipper of a nearby boat, told reporters he used his motor to maintain control of his own vessel and to avoid a collision with Bayesian when the weather hit. Bayesian “went flat [with the mast] on the water, and then went down”, he told Reuters.

His comment suggests that it could have been the combination of high winds and Bayesian’s 72-metre mast — the world’s tallest aluminium mast, according to manufacturers Perini Navi — that triggered the disaster.

Even with no sails up, a boat with a tall mast has a lot of “windage”, or surface area exposed to the wind, which can tip the vessel over in a storm. The boat may have heeled over so far that it took on water through open windows, hatches or companionways.

According to Perini Navi, Bayesian had a keel that can be lifted to reduce the draught of the boat — otherwise nearly 10 metres — for easier entrance to shallow harbours. If the keel were for some reason in the raised position rather than fully extended, that could compromise the boat’s stability in a strong wind.

Skippers of sailing yachts with exceptionally high masts typically aim to move out of harm’s way if strong winds are forecast.

Yacht designers and sailors are nevertheless puzzled by the sinking of the boat. AIS (Automatic Identification System) tracking data shows it took 16 minutes from the time Bayesian started dragging its anchor until it sank. But it is not yet known whether vulnerable hatches were open, when water started entering the boat, or why the crew do not seem to have issued a Mayday distress call.

Giovanni Costantino, chief executive of Italian Sea Group, which owns Perini Navi, told the Financial Times that Bayesian was “absolutely safe” and said the crew should have had time to secure the boat and evacuate passengers from their cabins.

Should we blame climate change?

Climate change is likely to have been at least a contributing factor in the Mediterranean’s unsettled and sometimes violent weather this summer. The Mediterranean is a favoured cruising ground for superyachts during the northern hemisphere summer — in winter, the wealthy prefer the Caribbean or the Indian Ocean — because the weather is typically warm and sunny, and storms are rare. 

Meteorological experts have long predicted that climate change and the heating-up of oceans will help trigger more extreme weather events, including floods, droughts and more severe hurricanes.

Last Thursday, the Mediterranean reached a median temperature of 28.9C — its highest surface temperature on record — and similar records are being broken in other seas. June was the 15th consecutive month that global sea temperatures hit a record high and forecasters predict the warmer waters may fuel an intense Atlantic hurricane season.

Will disasters at sea occur more often?

While design improvements and safety regulations have made even the smallest boats safer, the potential dangers posed by bad weather are increasing in line with the rising number of pleasure vessels at sea.

Last week, a sudden and exceptionally strong thunderstorm with wind squalls blowing at up to 53 knots (about 100km/h) swept over the Balearic Islands of Ibiza and Formentera, driving several sailing and motor yachts to crash on to the shore. Among those damaged and grounded but later recovered was a luxury, 30-metre vessel made by the Monaco-based Wally Yachts .

The cause was a thunderstorm known as a “Dana”, a Spanish acronym for depresión aislada en niveles altos or isolated high-altitude depression. The bad weather also caused serious flooding in Mallorca and Menorca to the north.

How can boat makers and skippers help avoid more deaths?

The weather in the Mediterranean is often notoriously unpredictable and prone to sudden, unforecast gales — unlike the north Atlantic, where weather shifts are usually signalled days in advance by changing air pressure and cloud formations visible to the naked eye.

Safety at sea depends largely on two factors: the seaworthiness of the boat and the skill and experience of the captain and crew.

Modern boats — Bayesian was built in 2008 and refurbished four years ago — are normally built to high safety standards and equipped with electronic navigation and communications systems, as well as standard emergency gear such as life vests.

Common accidents include people falling overboard, fires on board and accidental groundings or collisions — not sinking in bad weather.

The Italian coastguard said on Wednesday that divers searching the wreck found it on the seabed on its starboard side with the mast intact and no breaches visible in the hull, which contradicts speculation that a catastrophic mast failure could have punched a big hole in the boat.

In the words of one coastguard officer, Bayesian’s holidaymakers and crew were just “in the wrong place at the wrong time”.

Visual and data team: Alan Smith, Aditi Bhandhari, Ian Bott and Jana Tauschinski

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Maltese Falcon

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MALTESE FALCON YACHT CHARTER

88m  /  288'9   perini navi   2006 / 2023.

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Cabin Configuration

Special Features:

• Huge outdoor cinema screen
• On-board massage therapist and treatment room
• Exceptional sailing performance
• Indoor-outdoor bar area
• All the latest water toys
• Iconic DynaRig mast design
• Experienced & friendly crew

Maltese Falcon is spacious and packed with things to do making her fully primed for guests seeking a luxury charter at sea.

One of the most iconic superyachts on the water, the 88m/289ft sailing yacht ‘Maltese Falcon’ turns heads wherever she cruises thanks to her three, DynaRig-designed 190' (58m) masts. Delivered from sailing yacht experts Perini Navi in 2006, the multi-award-winning Maltese Falcon features interior and exterior design from Ken Freivokh and is maintained to an exacting standard with regular refits and upgrades.

Cutting a truly distinctive profile thanks to her revolutionary DynaRig masts, the Maltese Falcon is one of the most universally recognizable sailing yachts in the world. She has received critical acclaim from the yachting industry and global media attention that has led to a total of 10 prestigious awards. She has a glowing reputation as a charter yacht as well, with guests praising her attentive crew, refreshing interiors and continuous connection between indoor and outdoor spaces. 

Exterior Design

Styling the exterior as well as designing the interior, the world-renowned Ken Freivokh has ensured that the spaces are not only stylish, but highly functional. Indeed, beneath her commanding sails the Maltese Falcon offers a collection of dedicated living spaces which all exude a gentle and inviting calm. Creating a number of areas which merge seamlessly with the interior, Ken Freivokh provides guests with options when it comes to enjoy the sun-drenched cruising grounds of Maltese Falcon. With numerous tables and seating arrangements on hand from bow to stern, there’s flexibility for both formal and informal occasions. Perhaps the most impressive feature of the exterior, however, is the projector screen positioned behind the lower sail which doubles up as a screen to allow guests to enjoy a movie night under the stars. As if the idea of an luxury outdoor cinema wasn’t appealing enough, it is the largest of its kind to be found on any superyacht.

Interior Design

The interior of superyacht Maltese Falcon is every bit as impressive as the exterior, with a range of colourful finishings making it truly unique. Balancing contemporary artwork from the Owner’s own collection with more traditionally inspired furnishings, both the communal and guest spaces composed of high quality leather, wood, steel, and glass. The layout balances with form and function like just about every other aspect of the yacht, with an atrium amidships uniting the accommodation on the lower deck and the lobby found on the bridge deck. Complete with a dedicated reading room, full-beam dining room, and a highly spacious main salon, it’s clear that every need of those on board has been comfortably anticipated. Flanked by numerous windows and benefitting from skylights, the amount of natural light which spills into Maltese Falcon is certainly worthy of note.

Guest Accommodation

Comprised of a single master cabin, a VIP suite, and four doubles, the accommodation on board Maltese Falcon provides appropriately beautiful spaces for guests to retire to following a day on the water. Situated on the lower deck, the full-beam master cabin includes two walk in wardrobes, his and hers bathrooms, and Californian king-sized bed. With a massive and warm canvas by Squeak Carnwath occupying the wall, charterers are sure to feel well-rested when waking up in this private sanctuary. Up on the bridge deck, the VIP cabin is furnished with additional easy chairs and enjoys a private terrace which can be accessed via a large sliding door towards the aft. The remaining doubles are found on the lower deck, and, despite their size, are complete with all the entertainment options found in the master and VIP cabin.

Onboard Comfort & Entertainment

Besides being able to catch the latest Hollywood blockbuster on one of her massive sails, Maltese Falcon keeps her guests entertained with a wealth of leisure facilities ranging from a dedicated reading room to a fully-equipped gymnasium. Meals are also enjoyed in the most luxurious of surroundings, with both the formal and alfresco spaces enjoying plenty of beautiful furnishings and artwork. For those who prefer their entertainment to take place on the water, a collection of water toys and tenders- not to mention scuba diving gear and a bespoke inflatable slide- are sure to get everyone’s pulse racing for hours on end. For charterers who enjoy rounding their days off in style, a generously proportioned Jacuzzi which looks out on the movie screen is just the thing.

Special Features

Boasting a wholly outstanding performance, the Maltese Falcon definitely stands out for her ability to make timely passages whilst delivering a thrill to all of those on board. Similarly, her outdoor cinema is the perfect thing for those after some engaging nighttime entertainment whilst enjoying a few drinks.

Performance & Range

Maltese Falcon is built with a steel hull and aluminium superstructure. Powered by twin Deutz engines, she comfortably cruises at 12 knots, reaches a maximum speed of 19 knots with a range of up to 4,600 nautical miles from her 81,300 litre fuel tanks at 14 knots.

Maltese Falcon knows a thing or two about fun on the water, with an extensive selection of action packed water toys and accessories for you and your guests to enjoy whilst on charter. Principle among these are towable toys offering fun and adventure. Additionally, there are waterskis that are hugely entertaining whether you are a beginner or a seasoned pro. Another excellent feature are four SEABOBs, that allow you to skim along the surface or steer under the crystal water and experience life swimming with the fish. If that isn't enough Maltese Falcon also features wakeboards, kayaks, WindSurfers, scuba diving equipment, inflatable water toys. Maltese Falcon features two tenders, but leading the pack is a 10m/32'10" Pascoe Tender to transport you in style.

Why Charter Maltese Falcon

As one of the most iconic superyachts available for charter, the Maltese Falcon truly has to be experienced in order to be believed. What’s more, both her refit and range of extraordinary features ensure that charterers off all tastes and inclinations are sure to be satisfied whilst away on vacation.

Book your next the Mediterranean luxury yacht charter aboard Maltese Falcon this summer. She is already accepting bookings this winter for cruising in the Caribbean.

With a highly experienced and talented crew of 19, you can be sure that each and every need will be met and exceeded while on board this prestigious sail yacht.

TESTIMONIALS

There are currently no testimonials for Maltese Falcon, please provide .

Stand Out Features

Outdoor Cinema

Movies can be projected onto a sail, with surrounding speakers providing the finishing touch for the perfect audio-visual experience.

Unique Indoor/Outdoor Bar

The circular bar in the main salon can be split in half by a sliding glass panel to create separate indoor and outdoor bars.

Massage & Spa Area

Outstanding spa facilities and crew are on hand to provide Aromatherapy, Swedish and deep tissue massages.

Well Equipped Gym

Featuring state of the art exercise machines, the gymnasium is the perfect place to workout on board

Outstanding toy collection

Guests of all ages will love the toy collection on board Maltese Falcon, which includes sail boats, windsurfs, a floating pool, Jet-Skis, Seabobs and a state-of-the-art Flyboard and Jetpack.

Maltese Falcon Photos

Amenities & Entertainment

For your relaxation and entertainment Maltese Falcon has the following facilities, for more details please speak to your yacht charter broker.

Rendez-vous diving only.

Maltese Falcon is reported to be available to Charter with the following recreation facilities:

• 1 x 10m  /  32'10 Pascoe open Tender with 1 x 400 HP engine
• 1 x 4.3m  /  14'1 Castoldi Jet Tender with 1 x 125 HP engine

For a full list of all available amenities & entertainment facilities, or price to hire additional equipment please contact your broker.

Maltese Falcon Awards & Nominations

• The World Superyacht Awards 2007 Sailing Yacht of the Year Winner
• The World Superyacht Awards 2007 Best Sailing Yacht in 45m+ size range Winner
• The World Superyacht Awards 2007 Best Interior Design - Sail Yacht Winner
• International Superyacht Society Awards 2007 Best Sailing Yacht 36m+ Winner
• ShowBoats Awards 2007 Highest Technical Achievement in a Sailing Yacht Winner
• ShowBoats Awards 2007 Best Interior - Sailing Yacht Winner
• ShowBoats Awards 2007 Best Sailing Yacht (over 40m) Winner
• ShowBoats Awards 2007 Most Innovative Sailing Yacht Winner
• International Superyacht Society Awards 2007 Best Sail Interior Winner
• Robb Report 2007 Wings & Water - Production Boats Winner
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For a full list of all available amenities & entertainment facilities, or price to hire additional equipment please contact your broker.

APPROVED RYA WATER SPORTS CENTRE

Your family and friends could learn to use the water toys on your charter vacation onboard this luxury charter yacht. Sail Yacht Maltese Falcon is a certified RYA Training Centre yacht.

'Maltese Falcon' Charter Rates & Destinations

Summer Season

May - September

€490,000 p/week + expenses Approx $544,500

High Season

€580,000 p/week + expenses Approx $644,500

Cruising Regions

Mediterranean Croatia, France, Greece, Italy, Monaco, Montenegro, Turkey

HOT SPOTS:   Amalfi Coast, Corsica, French Riviera, Ibiza, Mykonos, Sardinia, The Balearics

Winter Season

October - April

$490,000 p/week + expenses

$580,000 p/week + expenses

Caribbean Antigua, Bahamas, Saint Martin, St Barts

Charter Maltese Falcon

To charter this luxury yacht contact your charter broker , or we can help you.

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