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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.
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