The security deposit is a standard part of most yacht charters and exists to protect the yacht from small, unintentional damages that can happen during normal use. It is not an extra cost. The amount is only blocked on a credit card at check-in and is fully released after the trip, as long as everything is returned in good condition. On crewed charters, issues are extremely rare because the captain and crew manage all manoeuvres and equipment.
The deposit applies only to minor incidents and is never used for major structural damage or anything covered by the yacht’s primary insurance policy. It simply ensures that small repair costs do not fall entirely on the owner or operator.
Typical items covered by the security deposit include:
What the deposit does not cover: structural issues, engine damage, negligence, grounding, or any event that triggers the yacht’s main insurance. In those cases, the insurance process follows official procedures, and guests are not responsible beyond the agreed terms.
At the end of the charter, the crew or base team performs a short inspection. If no damage is present, the block on the credit card is lifted immediately. If a small issue occurred, only the exact repair amount is deducted, and the rest is returned.
For guests, the principle is simple:
Treat the yacht with normal care and attention, and the security deposit remains untouched. It is a routine, transparent part of chartering and ensures fairness for everyone involved.
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