Yacht Charter Information for Boat Owners
If you are interested in charter your privately owned boat, there are several options:
- You can buy a new boat and put it into a yacht management program with a charter company.
This applies if you can consider having your boat in a location where the charter company run its business.
- You can use a charter agent that takes care of the marketing and rental process and handle the maintenance of the boat yourself.
- You can handle both the rental process and the maintenance of the boat yourself.
Even if you have your boat in a yacht management program, you normally have the option to sell your owner weeks yourself.
Advertise your boat at sBoats Use sBoats.com as a cost effective way to generate bookings for your boat.
Here are some things to consider if you want to directly charter your boat to the public yourself:
Legislation in the country you wish to charter your boat
Some countries require registration by the authorities before hiring out vessels to members of the public.
Insurance
Your insurance company could have special terms if you charter your boat. Always check your insurance before using your own boat as a charter boat.
Tax
Owners whose boats are engaged in “rental” charter activities may be subject to taxation either in their home country or the country where the boat is rented.
We recommend you to seek the advice of an experienced income tax professional before starting renting your boat.
Contract
The contract normally details the yacht, the dates, the locations, the cruising area, and the price and payment conditions.
