Why are the prices of yachts shown excluding VAT and APA?
The prices of the yachts do not include VAT (Value Added Tax) and APA (Advance Provisioning Allowance). This is because the amounts differ from yacht to yacht, and might even be different for an individual yacht within the season. Please inquire and we will provide specific details of the yacht and dates. As a guide, the VAT is usually 12%.
Advance Provisioning Allowance – called the APA is calculated as a percentage of the charter fee and varies per yacht type, itinerary and possible charter requests and requirements.
The Advance Provisioning Allowance (APA) is designed to cover the operating expenses of a yacht charter. These expenses may include fuel (for the main engines of the yacht, the generators, her tenders and motorized water toys), food, drinks, land services, electronic communications, canal fees, harbor dues, local taxes and marina fees. Depending on the number of guests, type of yacht and duration of the charter, the APA will vary.
A 20% to 35% down payment of the total of the APA is prepaid by the charterer. Your yacht will be fully fueled and provisioned according to your preferences when you step on board. An up-to-date summary of accounts is available on request during your charter. The Captain will notify you if you are close to surpassing the pre-paid APA funds during your charter. In this case, additional funds are required. At the end of your charter, your Captain will present a full set of accounts for your review.
Please carefully review the statement before signing off on it.
All outstanding bills are settled in cash before final disembarkation. Of course, any remaining credit at the end of your charter will be reimbursed to you in full. If there are any bank charges, these are deducted from the APA.