The terms and conditions of the majority of yacht charters undertaken in the Mediterranean and even further field are governed by the Mediterranean Yacht Broker Association (MYBA) Charter Agreement.
The MYBA Charter Agreement was developed by MYBA for the benefit of its members and clients in an effort to set out a user-friendly document that would standardise the framework governing the charter of yachts.
The agreement has been modified over time to reflect changes in regulations and to improve its usability. The agreement currently ‘in force’ is the 2009 MYBA Charter Agreement so this latest update is significant.The new 2014 MYBA Charter Agreement which will replace the 2009 version largely follows the same format as previous agreements but incorporates a number of changes.A specimen copy of the new 2014 MYBA Charter Agreement can be downloaded here. All changes highlighted in red.
→ MYBA Charter Agreement SpecimenSignificant changes include:
The inclusion of VAT is symptomatic of the need for most owners to properly account for VAT due in the EU states from where they will commence their charter activity.
We at Oceanskies are able to provide turnkey yacht charter packages liaising with fiscal agents in the countries where the yacht is chartering.We are happy to discuss any aspect of the legal and fiscal considerations of chartering with new and existing clients and we also have produced a number of online guides to the charter regulations in the most popular EU state which can be found on the guides section of our website here:
→ Oceanskies Guides
Please do not hesitate to contact us for further information.
The 2020 edition of @nonstopboot Dusseldorf Boat Show is open! Duncan is in Germany for the duration of the show and will be joined by Ryan later this week – please do not hesitate to contact us to meet up to discuss our yacht registration and crew payroll services… #boot2pic.twitter.com/n0DTuruHNTuHNT
This grey weather doesn't stop us! Today we were pleased to welcome and handle our first @Sunseeker_Intl 116 yacht of the year to @gsyharbours. It was also our Oceanskies Dory's first time out this year! #yachtagents #visitguernsey #yachtlife pic.twitter.com/VjoZfcQhOW
The first day of a new decade and we are very pleased to welcome and handle our first visiting yacht of 2020 to @gsyharbours this evening with this brand new @PrincessYachts Princess S66 Sports Yacht #yachtagents #yachtregistration @VisitGuernsey pic.twitter.com/7y7ZaQaF21