Chartering a yacht is designed to be a luxury experience. Guest satisfaction is of paramount importance and from start to finish the process of chartering a yacht can be fully tailored to maximise the experience on board. A high level of service, along-side the high value of the yachts themselves, means that chartering a yacht is a popular holiday choice for many, but often comes with a premium price tag to match. To access this luxury holiday experience, many charterers share the cost of a yacht charter by going with friends and family and splitting the cost of the holiday. The principal is basic and seeks to spread the costs involved across all parties, lowering the cost for a single party.
Traditionally when chartering a yacht, one principle charter guest will be responsible for all payments and signatures required to charter the yacht, and therefore payment will be taken from this one individual. Often for larger, non-family groups, the price to charter a yacht may not seem like a worthwhile outlay and may not be affordable for this one principal charterer. In a charter scenario where the costs are shared, the charter price would be divided on a per head basis and equally spread across all guests making the affordability of high end charters available to a wider market.
Sharing the cost of a charter can be used in a variety of situations, but is most effective between friends and family who want to spend time on holiday with each other such as at Christmas and New Year’s Eve. Charters may be comprised of couples, multiple families or even groups of individual friends. It allows charter guests to expand the opportunities in the yachting holiday by efficiently spreading the financial costs and may allow for guests to charter larger and more expensive yachts than they could afford individually.
If all parties are contributing to the holiday financially, it may also discourage a sense of a ‘free’ holiday, equally it may benefit the guests by creating a sense that all parties are contributing equally to the enjoyment of the holiday.
In a simple answer, yes. Furthermore, the experience will be shared with whoever you’ve chosen to split the holiday with, whether that is friends, family or both! The service on board is exactly the same and all guests will be treated with the same level of dedication and luxury as they would normally. Sharing the cost of a yacht charter does not affect the guests use of a yacht. Despite the cost being divided per head, the whole yacht and its auxiliaries are at the disposal of the guests on board the same as any other charter.
When chartering a yacht there always has to be a principle charterer, otherwise known as a primary charter guest. This still applies to groups intending to split the charter costs, and one primary charter guest must be confirmed before the charter can take place. This is because the primary charter guest will be required to provide only one set of bank details to be used to pay the charter fee. A broker can then facilitate the calculation of the price per head of the charter, which can then be utilised to determine the amount payable by each party involved in the charter to the primary charter guest.
It is important note that all friends and family who are splitting the cost of a yacht charter have the same expectations on what the budget is for the holiday. Difficulties may arise between groups who have decided to split the cost of a yacht charter but have different intentions on what the holiday should spend.