The most common cancellation terms are:
- In case of cancellation
2 months and over prior to embarkation, a cancellation fee of 20% of the total charter
cost will apply.
- In case of cancellation
between 30 and 60 days prior to embarkation, a cancellation fee of 35% of the total
charter cost will apply.
- In case of cancellation
between 30 days and embarkation, all money paid so far will be held by the
agency.
Side note: In most of the contracts
you will find a clause where, if the company
succeeds in chartering the yacht you have
cancelled, then they will refund you the
cancellation fees minus an administration fee.
Ignore it. It has never happened - to my
knowledge at least. In any case you will have
the greatest difficulty proving that the vessel
you cancelled was finally chartered.
(if anyone has a different experience, I would
love to hear from them via
our blog)
Tip: It is a good idea to protect your
advance payment from a future possible
cancellation by using an appropriate
travel insurance. |