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Tag Archives: yacht charter price

Is It “So Long” to 85m Motor Yacht Solandge?

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Word recently came in that one of the largest private luxury yacht charter vessels in the market was just sold.

The 85 meter (279 foot) spectacular Lurssen motor yacht SOLANDGE has been sold.  The deal closed on March 22, and the new owner has already taken delivery.  The buyer was represented by Moran Yacht and Ship, and terms of the sale have not been released.  She was listed for sale by Moran at an asking price of €155,000,000 (yes, boys and girls, that IS 6 zeros!)

profile of motoryacht solandge

 

 

The massive yacht was scheduled to participate in the Palm Beach International Boat Show, March 23 -26, 2017.   Needless to say, the new owner saw no need to put the yacht on display, instead choosing to enjoy his new watertoy.

Launched in 2013, Solandge Lurssen motor yacht features the sleek exterior styling of naval architect Espen Øino, with a rich, rather eclectic interior design by Aileen Rodriguez.

“She is an amazing luxury yacht charter vessel,” says Jana Sheeder, President of 1-800 Yacht Charters.  “Imagine a floating resort with a gym, spa, saunas, and cinema.  There’s even a DJ booth on the party deck, and a 5.5 meter swimming pool on the aft.  Best of all, this floating spa is private – only you and your family and friends are onboard!”

 

Yachtsmen and -women the world over want to know — will we be waving goodbye to Lurssen yacht Solandge…or will she remain in the charter fleet???  Is it Adios –  or just Hasta luego?  Is it Tchau – or just Ate mais, beijo?   Is it Ciao — or Addio?

Often, a new owner will remove the yacht from the private yacht charter marketplace, so he and his family and friends can enjoy her for extended cruising.

“For now, she remains listed for hire, but that could change,” says Sheeder.   “Of course, for the benefit of our clients, we certainly hope she remains in the marketplace.  Only a handful of the world’s largest yachts are available for hire, and motoryacht Solandge stands at or near the top of that elite list.”

Solandge accommodates 12 guests in a 7 elegant stateroom configuration.  Her weekly rate is published at €1,000,000 plus running expenses.   Her current schedule has her available for hire in the Caribbean through Spring, then in the Mediterranean for the summer.

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To charter some of the world’s largest yachts, click https://www.1800yachtcharters.com/superyacht-charter/

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Plus All – Understanding The True Cost Of A Luxury Yacht Charter Vacation

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Photograph of superyacht crew in white outfits and standing at ease around owners of yacht who are wearing black. Man seated and woman in black dress standing over him. Crew in a v-formation around them.

One of the most common questions posed to charter brokers is, “What does, ‘plus all expenses’ mean?  “It’s a fair question, and critical to understand the implications, since the cost to arrange a Mediterranean yacht charter holiday is far more than the prices posted on most charter brokers’ websites.Megayachts – the large, ultra-luxurious vessels that we associate with cruising the Côte d’Azur in the South of France, and docked along the quay in Monte Carlo for Monaco Grand Prix yacht charters – set a rate for the rental of the yacht and the crew, then list the price as, “Plus running expenses.”  This simply means that the charterer pays a set price for the yacht, and is also responsible to cover ALL costs associated with the operation of the yacht while the charterer and his/her guests are onboard.

 Typical running expenses incurred during a charter are food, beverages, dockage, and fuel. 
Depending upon the size of the yacht and the charterer’s penchant for elaborate menus, extended cruising, and vintage alcohols, these running expenses can vary greatly from yacht to yacht, and from charterer to charterer. 
You might ask, “When and how do you pay for these expenses, especially since it is hard to itemize them prior to the conclusion of the trip?”  Enter the concept of the “Advance Provisioning Allowance.”
The Advance Provisioning Allowance, or “APA” for short, is a deposit paid by the charterer and collected by the yacht’s skipper prior to the commencement of the superyacht holiday.  These funds are held by the skipper and dispersed during the course of the charter to cover the ongoing running expenses as they occur.
During the charter, the captain will provide a running account of the usage of the funds and, at the conclusion of the voyage, the captain will present an itemized accounting of expenses to the charterer, along with the refund of any unused funds.

If the APA balance runs low during the charter, the client is expected to provide the captain a sufficient amount in cash to cover the needs for the remainder of the charter. Many charterers prefer not to carry quantities of cash, and their charter broker can hold additional funds and release them, via bank wire transfer, to the captain as needed.  

Before you book your yacht charter, ask your broker to give you a solid estimate of the running expenses that might be incurred. Your broker will take into account the food and beverage preferences you have requested, along with how much cruising you wish to do (which will determine the amount, and anticipated cost, of fuel needed), to come up with an estimate of your expenses.  

There are numerous variables to estimating running expenses, and the computation is best tabulated by your broker and the yacht’s skipper;  for example, depending upon local market availability in your desired cruising ground, food prices may vary greatly from your hometown.  Dockage can range from no fees when anchored away from shore, to thousands of dollars per day, when docked at exclusive marinas.  For special events, like Cannes Film Festival yacht charters, dockage can run two to three times the standard rate.   Fuel costs are important to estimate as well, and can skyrocket depending upon how fast and how far you cruise.
Editor’s note – fuel is also charged for the yacht’s generators when not connected to shore power, as well as for tenders and water toys (so you’ll pay for the fuel used while zipping around on the waverunners). 

As a general rule of thumb, the APA requested for sailing yachts is approx 20% of the yacht’s listed charter price, and for motoryachts, the average APA jumps to 30-40%.  Here’s an example of the anticipated total cost of a proposed Italian yacht charter vacation for a fictitious client and nine guests for one week on a 180 foot Trinity yacht charter vessel: 

Motor Yacht Rental                                          € 350,000
Advance Provisioning Allowance (APA)*        122,500
Total Cost                                                          472,500
*estimated at 35% by the charter broker
after discussing the charterer’s preferences
as to food, drinks, and desired itinerary.
In actuality, there is most likely one more variable in terms of the actual cost of a charter – the “optional” crew gratuity. Gratuities for exceptional service are routine in the charter industry, and charterers who believe in tipping should remember to budget for this optional expense.

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