ISTION YACHTING TERMS & CONDITIONS FOR CREWED YACHT CHARTERS

Charter rates are in Euro and refer to daily/weekly charter period, including:

  • Agent’s commission,
  • Use of yacht & her facilities (on board entertainment equipment and water toys included). Detailed list of each crewed charter yacht facilities and equipment can be found at www.istionluxuryyachts.com.

Charter rates do not include:

  • VAT (currently) 6.5% upon charter rates,
  • APA (Advance Provisioning Allowance). All expenses related to fuel and water consumption, food, beverages and alcoholic drinks, port and canal fees, are extra of the charter price, which includes only the fees for the yacht and its crew. Customarily in crewed charters, client pays a lump sum amount for all these extra charges up front and it is the captain's responsibility to proceed with payments and hand, at the end of the cruise, analytical receipts to the client. The amount for these expenses is called Advance Provisioning Allowance (APA) and its purpose is to enhance the level of services rendered, by allowing the client to remain un-distracted by day to day expenses. As provisional expense, APA ranges from 20% to 30% of the charter fees. Of course APA depends upon the level of provisioning that the client requires, but as crewed charters include breakfast, lunch and dinner along with beverages and alcoholic drinks, this is a considerable sum.
    It goes without saying that if at the end of the charter APA is not exhausted, the remaining balance is returned to the client. On the other hand in case more expenses have occurred, client is kindly requested to make up the balance on spot.
  • Travel arrangements prior to charter: Airport welcome and transfers, ticketing, hotel accommodation, rent a car, tours, exchange. We can however assist in these arrangements, especially the transportation to and from the yachts, with the incurring cost included in the APA.
  • Crew Gratuities: Although Crew Gratuities (tips) are left solely to the Charterer’s discretion, we generally suggest a gratuity calculated between 5% and 15% of the contracted gross Charter Fee. We would like to stress out though, that a Charterer is under no obligation to leave a gratuity and at no time should a gratuity be solicited, either verbally or in written form when settling the final account.

 Special Conditions

  • Smoking is not permitted inside the vessels.
  • Use of personal watercraft is only permitted subject to the operator having the appropriate license and meeting with the local operating regulations
  • Children are to be under the direct supervision of an adult member of the charter party at all times.
  • Any outstanding accounts will be settled with the Captain onboard in cash prior to disembarkation.
  • Charter Fees must be received in full. Any Bank fees charged will be deducted from the APA.
  • It is highly recommended that the Charterer considers obtaining a Personal Travel Insurance, Cancellation/Curtailment Insurance and Charterer’s Liability Insurance.

Insurance

All boats are insured against:

  • Risks arising from liability to third parties and damage to hull, machinery and equipment.
  • Third party liability.
  • Sea pollution liability.

Payments for crewed charters are generally paid by bank’s transfer to our account in two installments:

  • The down payment (50% of the total charter fee) upon contract signing. 
  • The balance (50% of the charter fee) is paid 45 days prior to embarkation.

Agent Commission

  • The Agent has a pre-arranged commission upon the rates listed in Istion Yachting price catalogue.
  • Istion price catalogue includes agents’ commission.
  • Optional extras are not commissionable.

Cancellation Policy

  • According to the contract terms.

BOOKING PROCEDURE

1. In case you think our crewed yacht proposal is fitting your holiday plans, please contact us with your comments and any questions. We will be glad to send you any additional information and hold an option on the yacht (with no commitment or payment required), for a period of 7 days, pending your final conclusion for the booking.

2. With your confirmation, we will validate your final booking and mail you the relevant Charter Contract. Please bear in mind that the Charter Contract is a worldwide approved official document designed to  protect your interests under Greek law and it is a legal requirement for all yacht charters in Greece.

3. Your reservation is secured when down payment is settled. You will be asked to return to us the Charter contract signed together with a b proof.

Down payment (by wire transfer or direct internet banking payment), should be settled within 2 weeks.  

4. The balance Payment should  be settled 45 days before the charter commencement by wire transfer or direct internet banking payment.

Responsibility

  • Statements used by Istion Yachting are agreed to be the only official proofs for the conditions of each charter and the service provided by the company. Charterer by signing the Delivery and the Redelivery statement declares to have no more comments or claims to arise later than signature date.
  • Claims against Istion Yachting will only be accepted within 30 days from the charters ending day.
  • Yacht’s specification and equipment may vary from presented on internet. Any photos and equipment list are not contractual.

References

  • ISTION Yachting is licensed by the Greek National Tourism Organization (license number 1143E63000060500 MHTE) since 1992 and supervised by the Ministry of Culture and Tourism.
  •  Istion Yachting Academy is an American Sailing Association affiliated sailing School that graduates and certifies new and experienced sailors.
  • ISTION Yachting Academy is recognized by the RYA (Royal Yachting Association) offering high quality training up to the YachtMaster level, sail and Motor.
  • ISTION Yachting is member of SITESAP, the Greek Bare Boats Owners Association, since 2000
  • ISTION Yachting is member of EPEST, the Hellenic Professional Yacht Owners Association, since 1996
  • ISTION Yachting is member of HYBA, the Hellenic Yacht Brokers Association, since 1995
  • ISTION Yachting is member of YACHT-POOL International Financial Security System.
  • ISTION Yachting is secured by PANTAENIUS, the Charter Payment Protection System.

Bank Reference

PIRAEUS BANK, KOS BRANCH 2707, Address: Marmaroto, 85300 KOS, GREECE

SWIFT ADDRESS (BIC): PIRBGRAA IBAN: GR4001727070005707019089171

Beneficiary: Ioannis Kourounis

ISTION YACHTING offices in Greece:

1.        ISTION Athens head office

2, Alkyonis& 27, Possidonos Ave, P. Faliro 17561, Greece Tel. 0030 2109811515 Fax +30 2109811990, E-mail: charter@istion.com

2.        ISTION Kos island

2, G. Papandreou, Kos Marina (waterfront), Kos 85300, Greece Tel. 0030 2242022195

3.        ISTION Lefkas island

Lefkas Marina (waterfront), Lefkas 31100, Greece Tel. 0030 2645100199


(*)  Credit cards accepted: Visa & Mater Card with charge of Credit Card transaction costs to the payer.

(**) Wire transfers to: PIRAEUS BANK, KOS BRANCH 2707, Address: Marmaroto, 85300 KOS, GREECE
SWIFT ADDRESS (BIC): PIRBGRAA IBAN: GR4001727070005707019089171 Holder: Ioannis Kourounis

 
   
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