MYBA Terms or WMT (Western Mediterranean Terms)

WMT are now often referred to as "MYBA terms" (Mediterranean Yacht Brokers Association).

Under MYBA terms the charter fee includes:
charter of the yacht and equipment,
crew wages and food,
ship's laundry,
basic operating consumables,
and insurance of the yacht for marine risk, third party claims, and the crew for employer's liability insurance.

The charterer will be charged extra, and at cost to the yacht, for all other expenses. These expenses include:
food and all beverages for the charter guests,
fuel for the yacht and auxiliary craft,
dockage,
VAT if applicable,
taxes, harbor fees,
communications,
guest laundry and
shore-side electricity and water.

Most Superyachts and larger luxury crewed charter yachts operate under MYBA terms at all times and in any region.

Yachts of all sizes chartering outside of the Caribbean, especially in the Mediterranean, will usually operate on a MYBA terms basis.