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Advance Provisioning Allowance
What is APA?
What is the Advance Provisioning Allowance (APA)
APA is the standard system for managing variable expenses during a luxury yacht charter. It acts as a dedicated expense account, managed by the Captain to cover every onboard requirement on your behalf. Paid before embarkation, this fund allows the crew to arrange the necessary provisions and fuel. During the cruise, the Captain monitors every expense and keeps all receipts, ensuring constant updates on the balance. At the end of the trip, any unused amount will be fully refunded to you. The APA is tailored to your itinerary: fuel consumption and bespoke catering choices influence the final amount, which usually ranges between 30% and 40% of the base rate.
Practical Example: A Week in Italy
Consider a charter with a base rate of 100,000 € per week. With a standard 30% APA, a sum of 30,000 € is provisioned for variable expenses, managed by the Captain under MYBA guidelines.
Here is a typical allocation of these costs:
· Main Fuel: approximately 16,000 €, based on the itinerary and engine cruising hours.
· Provisions & Bar: around 4,000 € for high-quality food and beverages (onboard services included).
· Port Fees & Mooring: about 4,000 €, depending on the exclusivity of the marinas.
· Operational Costs & Extras: around 2,000 € for jet ski fuel, tender usage, or other operational needs.
The Final Settlement: At the end of the charter, the Captain provides a detailed financial statement. If the total is less than 30,000 €, you will receive an immediate refund. Should the expenses exceed the allowance, the balance is settled before disembarkation.
