super yachts 60million+
Discussion
ColdoRS said:
Venus also runs (or ran) a Windows OS on it's Bridge/Nav Systems, because Apple OS isn't (or wasn't, might be now) approved by the Classification Society, kind of funny.
I love that 
As for the boat itself, I don't care much for the aesthetics, but it's exactly what I'd expect Steve Jobs to have.
Has there been a more obvious owner / boat combination?
number2 said:
My partner and I have been sucked into the reality show "Below Deck". Yes, I know, but it is surprisingly addictive...
While acknowledging it's TV, it's an Interesting insight into the charter yacht world albeit not on the scale of those on this thread.
I understand that the 150ft type yachts used are around £200k+ to hire for a week + (as said above) fuel, food and other consumables. Then there's the tip which - for the 3-day charters is around £15k! It seems a week could easily be £250k +.
Question for those in the know - is the tip always paid in cash, in an envelope?! I can't imagine there are £100ks being exchanged on the big boats
. But then again...
For those that have seen some of the show and also understand the business - which are the most glaring inaccuracies, or where is reality stretched a bit too far?
I've been chartering biggish boats most summers for the last 15 years or so. 50m ish stuff. During that time the price of a charter has more than doubled, not least because of VAT (which iirc wasn't levied in the Med when I started chartering, and could then for a few years be minimised by starting in say France and ending in say Italy, but the rules changed again and there's no avoiding it now in any meaningful way). Interestingly, back in 2007 ish anything of that size was enormous. Now they're dwarfed by all the new megayachts. While acknowledging it's TV, it's an Interesting insight into the charter yacht world albeit not on the scale of those on this thread.
I understand that the 150ft type yachts used are around £200k+ to hire for a week + (as said above) fuel, food and other consumables. Then there's the tip which - for the 3-day charters is around £15k! It seems a week could easily be £250k +.
Question for those in the know - is the tip always paid in cash, in an envelope?! I can't imagine there are £100ks being exchanged on the big boats
. But then again...For those that have seen some of the show and also understand the business - which are the most glaring inaccuracies, or where is reality stretched a bit too far?
As for tips, generally I leave somewhere between 10 and 13% of the base charter cost (so the charter ex VAT and the APA). There's usually enough left in the pre-paid APA for the crew, via the captain, to take it out of that and on the occasions where there isn't I just wire the extra to the broker I use to pass on to the captain. I've never, ever tipped in cash but it isn't unheard of apparently. I always charter based on crew reputation much more than the boat itself. A 10/10 crew will compensate for a 7/10 boat in a way that a 10/10 boat will never make up for a 7/10 crew. So a great crew are well worth the tip, as they make the experience what it is.
easytiger123 said:
As for tips, generally I leave somewhere between 10 and 13% of the base charter cost (so the charter ex VAT and the APA). There's usually enough left in the pre-paid APA for the crew, via the captain, to take it out of that and on the occasions where there isn't I just wire the extra to the broker I use to pass on to the captain.
Interesting post, thanks. What APA % are you typically putting up? I’ve always thought 25% seemed punchy at (say) €100k base charter fee…even with fuel & food at todays prices I just couldn’t see how you’d burn through that amount in a week.
easytiger123 said:
I've been chartering biggish boats most summers for the last 15 years or so. 50m ish stuff. During that time the price of a charter has more than doubled, not least because of VAT (which iirc wasn't levied in the Med when I started chartering, and could then for a few years be minimised by starting in say France and ending in say Italy, but the rules changed again and there's no avoiding it now in any meaningful way). Interestingly, back in 2007 ish anything of that size was enormous. Now they're dwarfed by all the new megayachts.
As for tips, generally I leave somewhere between 10 and 13% of the base charter cost (so the charter ex VAT and the APA). There's usually enough left in the pre-paid APA for the crew, via the captain, to take it out of that and on the occasions where there isn't I just wire the extra to the broker I use to pass on to the captain. I've never, ever tipped in cash but it isn't unheard of apparently. I always charter based on crew reputation much more than the boat itself. A 10/10 crew will compensate for a 7/10 boat in a way that a 10/10 boat will never make up for a 7/10 crew. So a great crew are well worth the tip, as they make the experience what it is.
This is interesting. Do you also own a yacht - or is it down to the 3 F’s rule?As for tips, generally I leave somewhere between 10 and 13% of the base charter cost (so the charter ex VAT and the APA). There's usually enough left in the pre-paid APA for the crew, via the captain, to take it out of that and on the occasions where there isn't I just wire the extra to the broker I use to pass on to the captain. I've never, ever tipped in cash but it isn't unheard of apparently. I always charter based on crew reputation much more than the boat itself. A 10/10 crew will compensate for a 7/10 boat in a way that a 10/10 boat will never make up for a 7/10 crew. So a great crew are well worth the tip, as they make the experience what it is.
brickwall said:
Interesting post, thanks.
What APA % are you typically putting up? I’ve always thought 25% seemed punchy at (say) €100k base charter fee…even with fuel & food at todays prices I just couldn’t see how you’d burn through that amount in a week.
30%. I think that's the standard and given it all comes out in the wash (if it's underused even after the tip then the balance gets refunded to me) I've never haggled. Fuel is the biggest cost but if you want to be in port most nights, then those costs can also really rack up. Porto Cervo was I think EUR10,000 a night and that was a few years ago. Food and booze are what they are, then tips. There's usually next to nothing left out of the 30% APA in my experience.What APA % are you typically putting up? I’ve always thought 25% seemed punchy at (say) €100k base charter fee…even with fuel & food at todays prices I just couldn’t see how you’d burn through that amount in a week.
easytiger123 said:
brickwall said:
Interesting post, thanks.
What APA % are you typically putting up? I’ve always thought 25% seemed punchy at (say) €100k base charter fee…even with fuel & food at todays prices I just couldn’t see how you’d burn through that amount in a week.
30%. I think that's the standard and given it all comes out in the wash (if it's underused even after the tip then the balance gets refunded to me) I've never haggled. Fuel is the biggest cost but if you want to be in port most nights, then those costs can also really rack up. Porto Cervo was I think EUR10,000 a night and that was a few years ago. Food and booze are what they are, then tips. There's usually next to nothing left out of the 30% APA in my experience.What APA % are you typically putting up? I’ve always thought 25% seemed punchy at (say) €100k base charter fee…even with fuel & food at todays prices I just couldn’t see how you’d burn through that amount in a week.
Not in your league, but I have looked at some cheaper charters where they start to move to MYBA terms with APAs etc., and I’ve always thought the APA would disappear on “costs” with no trace, and then tip on top. Put me off, especially as I don’t tend to do long transits, prefer anchoring off, and don’t demand 2005 Latour every night.
Perhaps they’re not such sharks as I thought!
easytiger123 said:
Petrus1983 said:
This is interesting. Do you also own a yacht - or is it down to the 3 F’s rule?
Don't own and no plans to buy. I don't mind setting fire to a lot of money for a fortnight each year, but I don't fancy doing it 365 days a year!
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