Why Charter?
Conservative estimate annual expenses 100ft charter yacht
Above yacht has permanent crew members and is in full management.
The yacht has a dock rented year round, has a tender and a jet ski is well maintained and full ISM
Fixed annual expenses:
Insurance charter yacht over $1,000,000 annual/12= $14,000/12=$1,167 p/m
Dockage annual $30,000 annual/12= $2500 p/m
Crew permanent $120,000 annual/12=$10,000 p/m
Estimated maintenance costs $24,000 annual/12=$2,000 p/m
Total fixed annual expenses: $200,000 annual/12= $15,667 p/m
Flexible expenses per charter:
Fuel estimated at 50G included at a bulk average cost price of $3.80 p/g per charter $190
Extra crew for charter at $150 per day per charter $150
Total flexible expenses per charter: $340
Charter costs:
Total fixed annual expenses $100,000 divided by estimated 80 charters make $ 2,350
Total flexible expenses per charter $ 340
Total net charter price: $2,690