05
What it really costs
A worked example: a 68-metre yacht at a $600,000 weekly base rate, one week in the western Mediterranean in July, twelve guests.
| Line | What it is | Amount |
| Base fee |
The yacht and her crew for seven nights. Includes all crew salaries, insurance, the tenders, every water toy aboard, all onboard amenities, and the yacht's own maintenance. |
$600,000 |
| APA · 40% |
The Advance Provisioning Allowance. A running-cost float you place with the captain before you board, not a fee. It pays for fuel, food, wine and spirits, dockage, port and canal fees, laundry, fresh flowers and anything ordered ashore. You get a full accounting at the end of the week and the unspent balance is returned to you. Typically 35–40% of the base rate; a fast-cruising, hard-partying week can exceed it and be topped up mid-charter. |
$240,000 |
| VAT · est. 11% |
European value-added tax on the charter fee, charged where the charter begins. The rate is set by the country, not by the yacht's price, and it ranges from zero to 22% depending on where you start and what licence the yacht holds. The table below shows the real numbers. Your offer states the exact figure before you sign anything. The Caribbean has no VAT at all. |
$66,000 |
| Gratuity |
Discretionary, given to the captain in a single sum on the last evening and distributed across the crew. The convention is 10–20% of the base fee, with 15–20% the common landing point for excellent service. It is entirely yours to set. |
$90,000 – $120,000 |
| All in |
Before the APA refund, and before flights and hotels either side. |
$996,000 – $1,026,000 |
The same yacht in the Caribbean: $930,000 to $960,000, because there is no VAT. And most clients see a meaningful share of the APA come back. Region moves your total more than almost any other choice you make.
Charter VAT, country by country
Rates current for the 2026 season. Every one of these is confirmed in writing in your offer before you commit.
| Where the charter starts | How it works | Rate |
| France & Monaco | Reducible pro rata for time verifiably spent outside EU waters, with proper documentation. | 20% |
| Italy | Same principle. The final figure depends on the itinerary and documented time in non-EU waters. | 22% |
| Spain | Flat, no international-waters reduction. Requires a Spanish charter licence. The Canaries use IGIC instead. | 21% |
| Croatia | Qualifying multi-day charters with a Croatian licence. | 13% |
| Greece | Depends on the licence the yacht carries, not on her price. The statutory rate is 13% for a crewed charter over 48 hours, but a yacht holding the right certification is invoiced on a reduced taxable value. 2026 rate sheets commonly show 5.2%, 6.5%, 7.8% or 12%. This is why two identical-looking yachts in the same Greek harbour can carry very different tax. | 5.2–13% |
| Montenegro | No charter VAT in Montenegrin waters. Croatian VAT applies for any time spent in Croatia. | 0% |
| Turkey | General rate, with local treatment varying by arrangement. | 20% |
| Caribbean | BVI, USVI, St Barths, Antigua and St Martin apply no charter VAT. Cruising permits and port fees still apply and come out of the APA. | 0% |
| Bahamas | A consolidated charter tax on foreign-flagged yachts in Bahamian waters. | 14% |
Why this is worth ten minutes of your attention: on a $600,000 week, the difference between starting in Italy and starting in Greece on a well-certificated yacht is over $100,000 in tax alone. Same yacht, same crew, same sea. Tell me your budget and I will build the itinerary around the tax rather than discovering it afterwards.
Where to be, and when
The fleet migrates. Chasing a yacht outside her season means paying to reposition her.
JanFebMarAprMayJunJulAugSepOctNovDec
Mediterranean
Caribbean & Bahamas
Indian Ocean & Pacific
Peak · book 9–18 months out
In season
Fleet is elsewhere