The Advance Provisioning Allowance (APA) is paid at the time of the final charter payment.
Under MYBA Terms, this sum is usually equivalent to 25% to 30% of the total charter fee.
Intended to cover the operating expenses of a charter such as fuel, food, drinks, port fees, and ad hoc incidentals, these funds will be given to the captain before the start of your charter.
The captain will ensure that your yacht is fully fueled and provisioned when you step onboard. Whilst an up-to-date summary of accounts can be requested at any time during your charter, a full set of accounts will normally be submitted by your captain at the end of the cruise. If during the charter, the expenditure exceeds the sum already paid, additional cash funds will be required.
All outstanding bills should be settled in cash before final disembarkation. Of course, any remaining credit at the end of your charter will be compensated to you fully. On request, transfer arrangements to and from the yacht can be made by your charter manager, payment for which will be deducted from your APA.