Advance provisioning allowance

Advance Provisioning Allowance (APA) is an advance payment required to be made to fund estimated boarding costs of the charter price used to cover the costs of yacht preparation, requested supplies, port, mooring and other legal charges and fees, diesel and fuel, communications, crew gratuities, extras and depends on guest particular request for services, itinerary, food, beverages etc.[1][2]

In case APA is not entirely used at the end of the cruise / sail, the remaining part is returned to the person chartering a yacht. In case the spending exceeds the APA, guests can be asked to pay the additional part.[3]

The Advance Provisioning Allowance (APA) ranges from 20% to 40% of the charter fee. Sailing yachts typically fall toward the lower end of this range due to reduced fuel consumption, whereas motor yachts generally require a higher APA because of their greater fuel and operating costs.[4]

References

  1. ^ Bestic, Ralph (May 22, 2017). "5 superyachts to charter". Australian Financial Review. Melbourne: Fairfax Media. Retrieved 2019-04-19.
  2. ^ Lorenzon, Filippo; Coles, Richard M. F.; Bowtle, Graeme (2013). The law of yachts and yachting. London: CRC Press. ISBN 978-1-317-99578-4. OCLC 855607259.
  3. ^ Murray, Elizabeth J. (October 1998). Four Stars Afloat. Yachting. p. 44.
  4. ^ Salleron, Lisa (2023-09-23). "Advance Provisioning Allowance (APA): what you should know". wiyachts.com. Archived from the original on 2025-07-17. Retrieved 2025-12-10.
This article is issued from Wikipedia. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.