The Triton

Boats and Brokers

MYBA updates charter contract

ADVERTISEMENT

The MYBA Charter Agreement, an industry standard for luxury yacht charters, was recently revised to include language that clarifies events preceding an arbitration.

 

“The process of appointing arbitrators has been simplified and arbitration itself shall be conducted in accordance with the London Maritime Arbitrators Association (LMAA) terms,” according to a news release about the changes. “In line with the recent change in VAT regulation on charters taking place in certain countries, one further revision is an option either to include VAT as chargeable or not, based upon charter location.”

 

The charter agreement can be accessed for subscribers via the Web site for the Mediterranean Yacht Brokers Association (MYBA) at www.myba-econtract.com, which launched in 2013.

 

“Changes to the oldest charter agreement [last revised in 2009] have been made necessary in line with updated regulation, and to protect the interests of all parties involved in luxury yacht charter,” said Barbara Dawson, a senior charter broker with Camper & Nicholsons USA and chairwoman of the MYBA charter committee. “The E-Contract system is a safe, secure and trusted way to access the oldest agreement dated 2014 down the right-hand side of each page.”

 

Related Articles

LY3 rewrites rules

This fall has been a busy season for the implementation of new regulations. With the August implementation of the Maritime Labour Convention, the United Kingdom also released its third version of the …

BYS sells Four Wishes

BYS has sold the 144-foot (44m) Palmer Johnson M/Y Four Wishes, and the 91-foot (27.7m) Burger M/Y Current Issue. New to its central agency listings for sale is the 84-foot (25.6m) Burger M/Y …

Take It In: Eating organic foods reduces cancer risk, study shows

Take It In: Eating organic foods reduces cancer risk, study shows

Take It In: by Carol Bareuther Imagine you could give friends and family the gift of good health this holiday season? According to a new study, wrapping up a bowlful of organic fruits and/or …

Three yachts lost in NDSQ shipyard fire

Three yachts lost in NDSQ shipyard fire

A building at Nakilat Damen Shipyards Qatar (NDSQ) just north of Doha burned and collapsed on three motoryachts on Aug. 11, according to sources known to The Triton. No injuries were reported in …

Hodgdon infuses carbon-fiber hull

Maine-based Hodgdon Yachts announced the successful infusion of a 100-foot carbon fiber hull mold. The company said the mold to be used for a pre-preg carbon hull is one of the largest single hull …

Write to be heard: Kudos to Captain cleaning the waterways

I take my hat off to Capt. Carlos Macias and his wife, Rose, ["Skipper's anger nets a ton of trash, all pulled from his SUP," page A9, December 2012] for picking up all that trash, and wish them all …

Comments

Leave a comment

Your email address will not be published. Required fields are marked *

Please answer the question below to leave a comment. * Time limit is exhausted. Please reload CAPTCHA.

This site uses Akismet to reduce spam. Learn how your comment data is processed.