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What is APA and how is it calculated?

The Advance Provisioning Allowance (APA) is due at the time of the final charter payment. Under MYBA Terms, this sum is usually equivalent to 25% of the total charter fee, but may be 30% in some cases. 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. He will ensure that your yacht is fully fuelled and provisioned when you step on board. 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 for the cruise. If, during the charter, the expenditure exceeds the sum already paid, additional cash funds will be required at once. All outstanding bills should be settled in cash before final disembarkation. of course, any remaining credit at the end of your charter will be reimbursed to you in full. On request, transfer arrangements to and from the yacht can be made by Bluewater or by your captain, payment for which will be deducted from your APA.
Yacht charter
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