What is the payment schedule for a yacht charter?

A yacht charter payment schedule is whatever gets typed into the contract’s blank payment lines, and by convention that means 50% at signing and 50% about a month before the charter starts. Neither the CYBA nor the MYBA standard form fixes a split or a due date (the payment lines are blank), so the broker and owner write them in. The first 50% locks the boat off the market. On a plus-expenses yacht, the advance provisioning allowance (APA) usually travels with the second payment, through the broker’s account, and the captain holds it for the week’s running costs. Crew gratuity is handed to the captain at the end of the charter, usually in cash, or pre-paid by wire through your broker. A charter booked inside that last month is usually paid in full at signing. Each broker sets its own dates, and our booking process shows the ones we use.