Seven Tips For Charter Agreement Guidance Success
For a first-time owner, it is worth asking early in any conversation which of these two roles the consultant in front of them is filling, since the answer shapes what they should reasonably expect from that relationship, and what belongs in a separate conversation entirely.
Start with condition. Ask what surveys have already been carried out on the vessel, when, and by whom. A consultant should be able to explain the difference between a hull survey, an engine survey and a rig inspection, and why a buyer might want all three before committing. Ask, too, what the survey is unlikely to cover, since no single inspection catches everything.
VAT is the third element, and the one most easily misunderstood, since the rate depends on where the charter takes place and how it is structured. Within EU waters, VAT can apply at rates commonly cited between 5.2 and 13 percent depending on jurisdiction and the specific charter arrangement, and it is charged on top of the base fee. A consultant working on a contract should set out clearly which rate applies to a given itinerary and why, rather than leaving the figure as a footnote.
A typical crew includes, at minimum, a captain and a chef, with larger vessels adding stewardesses, deckhands, and sometimes a separate engineer or watersports instructor depending on size and itinerary. The captain manages navigation, safety and all vessel operations, liaising with marinas and handling the practical realities of moving the yacht sales consultancy from anchorage to anchorage. The chef manages every meal on board, typically working from preferences guests share in advance, covering dietary requirements, favourite dishes and any occasions to mark during the week.
Start with maintenance history. Ask to see logs covering engine hours, servicing intervals and any significant repairs, and ask specifically whether anything has been replaced recently versus simply serviced. A vessel with thorough, consistent records tells a different story from one with gaps, regardless of how it presents on the day.
Look closely at systems that are easy to overlook on a first walkthrough: air conditioning, generators, watermakers, and electronics. Ask when each was last serviced and whether any known issues exist. These systems are expensive to replace and easy to underestimate if a viewing focuses mainly on cabins and deck space.
Start with condition. Ask what surveys have already been carried out on the vessel, when, and by whom. A consultant should be able to explain the difference between a hull survey, an engine survey and a rig inspection, and why a buyer might want all three before committing. Ask, too, what the survey is unlikely to cover, since no single inspection catches everything.
VAT is the third element, and the one most easily misunderstood, since the rate depends on where the charter takes place and how it is structured. Within EU waters, VAT can apply at rates commonly cited between 5.2 and 13 percent depending on jurisdiction and the specific charter arrangement, and it is charged on top of the base fee. A consultant working on a contract should set out clearly which rate applies to a given itinerary and why, rather than leaving the figure as a footnote.
A typical crew includes, at minimum, a captain and a chef, with larger vessels adding stewardesses, deckhands, and sometimes a separate engineer or watersports instructor depending on size and itinerary. The captain manages navigation, safety and all vessel operations, liaising with marinas and handling the practical realities of moving the yacht sales consultancy from anchorage to anchorage. The chef manages every meal on board, typically working from preferences guests share in advance, covering dietary requirements, favourite dishes and any occasions to mark during the week.
Start with maintenance history. Ask to see logs covering engine hours, servicing intervals and any significant repairs, and ask specifically whether anything has been replaced recently versus simply serviced. A vessel with thorough, consistent records tells a different story from one with gaps, regardless of how it presents on the day.
Look closely at systems that are easy to overlook on a first walkthrough: air conditioning, generators, watermakers, and electronics. Ask when each was last serviced and whether any known issues exist. These systems are expensive to replace and easy to underestimate if a viewing focuses mainly on cabins and deck space.
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