Question 1

How much does it cost to charter a yacht?

Accepted Answer

MY OCEAN's curated Yachtfolio collection is listed from 50,000 per week. The base charter fee is separate from operating expenses such as fuel, food, drinks, marina fees and local taxes. View the current fleet for yacht-specific rates, then ask our charter team for a complete estimate based on your itinerary.

Question 2

What is APA in yacht charter?

Accepted Answer

APA stands for Advance Provisioning Allowance. It is a separate payment held by the captain to cover running costs during the charter, including fuel, food, drinks and marina fees. The amount and settlement process are set out in the charter agreement.

Question 3

What is included in a luxury yacht charter?

Accepted Answer

The charter fee covers the yacht and professional crew (captain, chef, and deck/steward crew). The APA covers fuel, provisioning, marina fees, and port taxes. Water toys, fishing equipment, and snorkelling gear are typically included. Crew gratuity (10–15% of the charter fee) is customary but not mandatory.

Question 4

How do I book a yacht charter with MY OCEAN?

Accepted Answer

Use the charter enquiry form or talk to Jonny on WhatsApp. Tell us your dates, destination, number of guests and approximate budget. Our charter team will review the brief and prepare a suitable shortlist. Once you select a yacht, we coordinate the charter agreement and the payment schedule stated in it.

Question 5

What is the best destination for a yacht charter in summer 2026?

Accepted Answer

The French Riviera, Ibiza, Greece, Croatia and the Amalfi Coast are established summer charter areas. Each offers a different balance of anchorages, nightlife, culture and itinerary variety. The best choice depends on your dates, preferred pace and the type of experience you want.

Question 6

Do I need sailing experience to charter a yacht?

Accepted Answer

No. All MY OCEAN charter yachts come with a professional captain and crew. You do not need any sailing or boating experience. The captain handles all navigation, and the crew manages the yacht, provisioning, and logistics.

Question 7

What is the minimum charter duration?

Accepted Answer

Many charter yachts operate on weekly terms during peak season, while shorter charters may be possible in selected destinations. Use the charter enquiry form or talk to Jonny on WhatsApp for current options.

Question 8

Can I charter a yacht for a corporate event?

Accepted Answer

Yes. MY OCEAN can arrange corporate charters for team events, client entertainment, product launches and incentive trips. Requirements such as catering, AV equipment and branded provisioning can be discussed through the charter enquiry form.

Question 9

How do I buy a yacht?

Accepted Answer

The process starts with a brief covering your intended use, preferred size, budget and timeline. MY OCEAN identifies suitable listed and off-market vessels and arranges viewings. Once you select a yacht, the team coordinates the purchase agreement, survey, sea trial and closing process. Lewis Horne leads our sales desk.

Question 10

What does a yacht survey involve?

Accepted Answer

A yacht survey is a professional inspection of the vessel's structure, machinery, and systems by a qualified marine surveyor. It typically takes one to two days. The survey report identifies any defects or areas requiring attention, which are used to negotiate the final purchase price. A sea trial is conducted separately to assess the yacht's performance.

Question 11

How long does it take to buy a yacht?

Accepted Answer

From initial enquiry to completion, a typical yacht purchase takes 4–8 weeks. The timeline depends on the survey, sea trial, flag state registration, and financing arrangements. Off-market transactions can move faster. MY OCEAN manages the entire process.

Question 12

What are the ongoing costs of owning a yacht?

Accepted Answer

Annual running costs for a 23-metre motor yacht are typically 10–15% of the purchase price per year. This covers crew salaries, insurance, marina fees, maintenance, fuel, and flag state registration. A 23-metre yacht purchased for €1.5 million will cost approximately €150,000–€225,000 per year to operate.

Question 13

Does MY OCEAN accept crypto for yacht purchases?

Accepted Answer

MY OCEAN can discuss Bitcoin and USDT for suitable yacht transactions, subject to the required documentation and transaction arrangements. Use the buying enquiry form or talk to Jonny on WhatsApp to discuss the process.

Question 14

How do I sell my yacht?

Accepted Answer

Contact MY OCEAN with your yacht's name, length, year, builder and asking price. We will assess the current market, advise on positioning and discuss the appropriate brokerage and marketing process. Lewis Horne leads our sales desk.

Question 15

How long does it take to sell a yacht?

Accepted Answer

The average time to sell a yacht is 6–18 months, depending on the vessel, price, and market conditions. Correctly priced yachts in good condition sell faster. MY OCEAN's intelligence on recent comparable sales means we can advise on pricing that achieves a sale without leaving money on the table.

Question 16

What is the broker commission on a yacht sale?

Accepted Answer

The standard brokerage commission is 10% of the sale price, split between the selling broker and the buying broker (5% each). MY OCEAN charges the standard MYBA commission. There are no upfront fees.

Question 17

Should I charter my yacht while it is for sale?

Accepted Answer

Yes, in most cases. Charter income offsets running costs and keeps the yacht in active use, which is better for the vessel's condition. MY OCEAN can manage both the charter programme and the sale process simultaneously.

Question 18

What does yacht management include?

Accepted Answer

MY OCEAN's management service covers crew recruitment and management, technical maintenance and refit coordination, flag state compliance and documentation, insurance, provisioning, and financial reporting. Michelle Pursey leads our management desk.

Question 19

How much does yacht management cost?

Accepted Answer

Management fees are typically 10–15% of the annual running budget, or a fixed monthly fee depending on the scope of services. Contact Michelle for a specific quote based on your vessel and requirements.

Question 20

Can MY OCEAN manage my yacht while I charter it?

Accepted Answer

Yes. MY OCEAN offers integrated management and charter services. We manage the yacht year-round and run a charter programme during the season. Charter income is applied against running costs, reducing your net ownership cost.

Question 21

Where is MY OCEAN based?

Accepted Answer

MY OCEAN operates from London, Dubai, and Monaco. The London office handles UK and European clients. The Dubai office covers the Arabian Gulf and Middle East. Monaco is our Mediterranean base during the summer season.

Question 22

How do I contact MY OCEAN?

Accepted Answer

All website WhatsApp enquiries go to Jonny. You can also use the charter, buying, selling or management enquiry form so the right desk receives the required details.

Question 23

Does MY OCEAN work with off-market yachts?

Accepted Answer

Some yachts are discussed privately rather than marketed publicly. If you are looking for a specific vessel profile, use the buying enquiry form or talk to Jonny on WhatsApp with your brief.

Question 24

What is the MYBA charter agreement?

Accepted Answer

The MYBA (Mediterranean Yacht Brokers Association) charter agreement is the industry-standard contract used for yacht charters. It sets out the terms of the charter, the charter fee, APA, cancellation policy, and the responsibilities of both parties. MY OCEAN uses the MYBA agreement for all charters.

Question 25

What is the difference between a charter broker and a charter agent?

Accepted Answer

A charter broker represents the client (the charterer) and searches the market for the right yacht. A central agent represents the yacht owner and markets the vessel. MY OCEAN acts as charter broker for clients and as central agent for owners. In most transactions, the broker and central agent split the 15–20% commission.

Question 26

Can I pay for a yacht charter or purchase in cryptocurrency?

Accepted Answer

Yes. MY OCEAN accepts Bitcoin (BTC) and USDT for both charter and sales transactions. We handle the conversion and pay the central agent or seller in their preferred currency. The process is straightforward and we have completed multiple crypto transactions. Contact us for details.

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