The Triton

Boats and Brokers

MYBA updates charter contract


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, 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

New managers at Big Game Club

Chicago-based Horizon Hotel Group has assumed management of the historic Bimini Big Game Club Resort & Marina in the Bahamas. Horizon Hotel Group specializes in the renovation, repositioning …

Triton Survey: Time off presents challenges for crew

One of the biggest complaints we’ve heard from captains and crew over the past 10 years has been the inability to take time off. That issue was amplified in our recent survey that asked our readers …

Build loyalty slowly to keep crew, program together

Build loyalty slowly to keep crew, program together

As yacht crew build a career, it’s common for them to jump from job to job. I did it myself on route to becoming a first officer. I admit I didn’t give much thought to it. What I recognize …

Deckhand’s book spares new crew hard lessons

Deckhand’s book spares new crew hard lessons

Former Deckhand James Tate wished he had a guide book when he broke into yachting eight years ago. To help new crew learn from his mistakes, he recently wrote "The Deck Handbook: A Guide for the …

IMO fixes BNWAS rule

Lloyd’s Register released an alert in September about bridge navigational watch alarm system (BNWAS) requirements for vessels built before July 2002.New SOLAS requirements for BNWAS entered …

Crew’s Mess: Pollo de Mayo

Crew’s Mess: Pollo de Mayo

Crew's Mess: by Capt. John Wampler In the United States, Cinco de Mayo is often mistakenly associated with Mexican independence. Cinco de Mayo actually commemorates Mexico’s victory against the …