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How much does it cost to run a luxury yacht. When you begin planning a luxury yacht charter it is important to be aware of what is included in the cost of booking your dream charter yacht. They start around 300000 for smaller 40-foot models and can go as high as several hundred million dollars for the biggest superyachts. Owners can recoup some of these expenses by chartering their yacht.

We hate to hear when yacht owners were told by their broker to factor in 10 of the purchase price to operate the yacht. So the owner of a 10 million yacht should expect to pay 1 million every year to keep it running. So the captain of a 150-foot yacht can put 150000 in the bank every year.

Although a yacht will have a base charter fee this may or may not include additional expenses such as food and fuel and this is subject to the. Cruising at lower rpms at around an 8-10 knot speed can mean better fuel efficiency with longer running times between trips to get more fuel. Towergate estimates that annual dockage fees run for 350000 insurance averages 240000 and maintenance and repairs can be in the millions as.

A comprehensive breakdown of your charter costs and fees. Unless youre a trained captain steering your own yacht and making sure the day to day running goes smoothly youll have to employ staff to over see operations. Captains cost roughly 1400 per year per foot of boat thats 156000 or so to command a mere 100-footer according to Forbes.

Luxury Yacht Group provides. Annually a good experienced captain makes about 1000 per foot of yacht Kavin says. If playback doesnt begin shortly try restarting your device.

A good guide for salary costs is published by Dockwalk magazine every year based on an extensive survey of the crew and placement agents. A 205-foot yacht with a 35 million annual operating budget can charge 425000 a week. The largest yachts have been reported to be costing their owners over 50 million a year.