Myba Charter Agreement 2017

The MYBA charter agreement is an essential document for yacht chartering in 2017. Whether you are a yacht owner or a charter broker, it is crucial to understand the details of this agreement to ensure a successful and legal charter experience.

The MYBA (Mediterranean Yacht Brokers Association) is a professional organization that represents yacht brokers worldwide. The association has been active for more than 30 years, and its main objective is to ensure the highest standards in yacht brokerage and chartering practices.

The MYBA Charter Agreement is a standard set of terms and conditions that defines the rights and obligations of the yacht owner, charterer, and broker. This agreement is used by the majority of yacht charter companies worldwide, and it is updated annually to meet the changing needs of the industry.

The 2017 version of the MYBA Charter Agreement includes several updates and changes. One of the most significant changes is the inclusion of a new health and safety clause. This clause requires the yacht owner to comply with all necessary health and safety regulations and to provide a safe and secure environment for the guests.

Another significant change in the 2017 agreement is the clarification of the payment schedule. The new agreement specifies that the charterer is required to make an initial payment of 50% of the total charter fee upon signing the agreement. The remaining 50% is due 30 days before the charter begins.

The MYBA Charter Agreement also includes provisions relating to cancellations, damages, and liability. The agreement specifies that if the charterer cancels the charter, the owner is entitled to keep the deposit and any other payments made. However, if the owner cancels the charter, the charterer is entitled to a full refund.

In regards to damages, the agreement states that the charterer is responsible for any damages caused by their negligence or misconduct. However, the owner is responsible for damages that occur due to faulty equipment or maintenance.

Lastly, the MYBA Charter Agreement includes provisions relating to liability. The agreement specifies that the owner and broker are liable only for their willful misconduct or gross negligence.

In conclusion, the MYBA Charter Agreement is a critical document for yacht chartering in 2017. Whether you are a yacht owner or a charter broker, it is essential to understand the details of this agreement to ensure a successful and legal charter experience. The 2017 version of the agreement includes several updates and changes, including a new health and safety clause and clarification of the payment schedule. Understanding and complying with these changes will help ensure a seamless and enjoyable yacht charter experience for all parties involved.

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