Renting a Boat Versus Chartering a Boat (2024)

Renting a Boat Versus Chartering a Boat (1)

Renting and chartering a boat are technically the same thing: you pay someone to use his or her boat. Practically, though, these two terms refer to different boating experiences. Here is what you need to know.

What to Expect with Boat Rental

In most cases, boats advertised as rentals are smaller boats or personal boats, which are available for rent from an hour to a day. This kind of rent is usually associated with faster motor boats and inflatible power boats. You can also rent a smaller plastic boat along the Dalmatian coast for shorter trips.

What do you get when you rent a boat? You get the boat. You are the captain and you create your own experience and gather your own crew. You need to bring your own equipment; everything you want and need for an extra nice trip you plan: fishing gear, water sports equipment, refreshments, meals, etc.

Renting a Boat Versus Chartering a Boat (2)

What to Expect with Boat Charter

Boats for charter are usually bigger sailing boats or motor yachts, equipped for longer and more comfortable stay for a week or more. There are three general types of charters; bareboat, cabin and crewed charter.

  • Bareboat Charter is similar to boat rental: no crew or provisions are included as part of the agreement. As a charterer, you obtain possession and full control of the vessel along with the legal and financial responsibility for it. It means you pay for all operating expenses, including fuel, crew and port expenses. Most charter companies require competence – valid skipper licence which validates you have the necessary experience to charter and operate the boat you want. Also, when bareboat chartering, you need to provision the boat, meaning you need to buy the food, beverages, and other items you’ll need for your trip and also gather your boat crew. As a captain, you decide about everything connected with the boat.
  • Cabin charter is the type of charter where you are part of the crew which hire competent captain (skipper) who operates the boat, provision it for meals, and do all necessary operations on the boat. You pay for your berth, meet new people and fully enjoy the experience of boating under his proffesional supervision.
  • Crewed charter unlike cabin charter, this type of charter manages you to decide who will be in your crew which means you hire a skipper and other boat staff like cook and hostess at your service on the boat.

Some charter companies offer modular programs. For instance, the company will provision the boat for you according your needs or it can help you find a captain or a cook for your cruise. This “pre-provisioned” option is helpful if you are chartering a boat shopping for yourself might be difficult for any reason.

Renting a Boat Versus Chartering a Boat (3)

When to Charter a Boat, When to Rent a Boat

In general, deciding whether to rent or to charter a boat depends on what you want to do, how comfortable and relaxed you want to be and how long you plan to travel. If you want an adventure and have the necessary experience to be the captain and operate the boat yourself, bareboat charter could be the right option for you. Chartering a boat can be a lot of fun if you plan to experience the real sailing trip for at least a week or longer. It is almost like taking a cruise, but you can go wherever the wind and lust take you, make your own schedule, and you never have to wait in line for anything!

If you only plan to make a mini trip or excursion and be on the boat for a few hours to a day or two, renting a boat is probably a better option.

First-time Charter Tips

If you never chartered a boat before and you are in a doubt by the prospect of being the captain responsible for the boat, here are some tips to make everything go smoothly:

  • Boat owners and charter companies will help you create an itinerary that suits your travel needs and wishes. They know where you can safely anchor, get supplies, find privacy or enjoy company. If you don't like the idea of anchoring through the night, you can plan an itinerary where you will always be docked in marinas during the night. In most places where charter boats are common, marinas have dock hands who will help you dock, connect your boat to local electricity and water supplies, and advise you for activities in the area.
  • Usually, charter company which charters the boat is available for you all the time via radio or cell phone to answer questions and give advice while you are on your trip. In case of any unexpected problem or situation at the sea, you can contact their service. After all, they want you to have a great time, stay safe, and operate the boat correctly while you're out at the sea. When in doubt, calling for advice or assistance is always a good idea.
  • Sometimes it is even possible to have a professional skipper monitor on you for the first day, to help you get more familiar with the boat and its operations.
  • Invite your friends to share your charter with friends who also love boating. This way, you will have some experienced help on hand and it will also reduce the cost of the charter.

There are so many choices when it comes to boat rental and chartering. Fortunately, Asta Yachting makes it easier than ever to organise your boat charter , whether it is about renting a motor or sailing boat in pre or post season for shorter time or for complete sailing experience and enjoying Dalmatian coast and islands during the official season for week or more.

Remember, when sailing responsibly, there's no such thing as a bad day on a boat! ☺

Renting a Boat Versus Chartering a Boat (2024)

FAQs

What is the difference between a charter and a rental boat? ›

When you opt for a boat rental, you are essentially borrowing a vessel for a specified period. You are responsible for operating the boat, ensuring safety, and adhering to local regulations. On the other hand, a boat charter involves hiring a boat and a professional crew.

What does it mean to charter a boat? ›

Renting and chartering a boat are technically the same thing: you pay someone to use his or her boat.

Can you make money chartering your boat? ›

Yes, owning a yacht for charter can be profitable but owning a yacht will rarely “pay for itself.” Chartering your yacht presents some unique benefits that can lead to opportunities to make a profit off of your investment in a myriad of ways, including offsetting the cost of owning a yacht, selling your yacht for a ...

How profitable are charter boats? ›

If done in strategic areas and times of the year, chartering your own yacht can be extremely lucrative. An individual can make up to one hundred thousand or more in a single month. The key is to buy cheap, second-hand even, and then refurbish your boat.

How long is a charter on a boat? ›

An individual charter generally lasts a week or ten days. However, there are also those who charter for several weeks, or for a month. The minimum days for a yacht charter are often two, three or four, depending on the company.

Why do people charter boats? ›

Yacht charter gives you the freedom to decide what you do on your holiday every day unlike typical cruise ships. They are also smaller in size making them ideal for island hopping and finding places off the beaten track. On a luxury yacht the itinerary is completely designed around you and your guests.

Why do they call it a charter? ›

Charter comes from the Latin charta, meaning "paper, card or map." As a noun, charter refers to a written document outlining — or mapping — the rights and obligations of a company or organization, or even, in older days, a town or entire colony.

Do charter boat staff get paid? ›

Private vessels usually offer higher base pay, as charter crew can earn tips on top of their base salary. Because of the demands of the lifestyle, compensation is good and you have minimal living expenses on board.

How much do you tip a charter boat crew? ›

Stress-Free Tipping: How to Determine Tip for Your Crew

According to the Mediterranean Yacht Brokers Association (MYBA) tipping guidelines, the general rule is to tip between 10% and 15% of your weekly charter fee, excluding running expenses and taxes.

Can you be the captain of your own boat to charter it? ›

You can captain your own vessel if you have a US Coast Guard captain license and meet all qualifications.

Is chartering boats a good business? ›

Yacht charter businesses enjoy a healthy profit margin of approximately 20-30%, indicating that a significant portion of revenue converts into profit.

How much do charter boat captains make in Florida? ›

As of Aug 29, 2024, the average hourly pay for a Charter Boat Captain in Florida is $19.49 an hour.

What is the largest boat charter company? ›

Dream Yacht Worldwide, founded in 2001 by Loïc Bonnet, is one of the largest yacht charter companies globally, offering bareboat, skippered, and all-inclusive crewed charters. With a fleet exceeding 1,200 yachts in over 60 destinations worldwide, it caters to both seasoned sailors and novices.

Are boats worth the investment? ›

depends. If you are asking financially, a boat is almost always a poor investment. But if you're asking for yourself, and how you want to spend your free time and your recreation dollars, look more closely at the costs versus what being on the water is worth to you.

How much does a mate make on a charter boat? ›

Again, the pay rate depends on the experience of the mate and the size of the boat. Breen says that the typical pay is $150 for day work and $200 for fishing trips. The rule of thumb for a good traveling mate is $1,100 dollars per week, Breen says.

What does charter mean in rent? ›

charter verb [T] (RENT)

to rent a vehicle, especially an aircraft, for a special use and not as part of a regular service: They've chartered a plane to take delegates to the conference. SMART Vocabulary: related words and phrases. Renting & hiring.

What are charter boats used for? ›

Charters often cater to a high-end clientele, offering services that might not be found elsewhere. As well as an atmosphere of exclusivity, such charter yachts might offer private adventures in far-flung regions, well off the typical travel radar, and highly personalised service with a high crew to guest ratio.

What is considered a charter? ›

First, a charter can be defined broadly as the highest law of an entity. More specifically: In corporate law, the articles of incorporation. In public law, the instrument by which a municipality is incorporated (e.g., city charter).

What is not included in a yacht charter? ›

Plus Expenses Charters – Rates for larger motor yachts do not include running expenses, which must be paid separately. For these luxury charters, the base price is for the yacht only. Additional expenses, i.e. food, bar, fuel, dockage, port taxes, and other expenses, are charged separately.

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