The APA amount is used to
cover expenses incurred during the course of the charter such as fuel, food,
beverages, mooring fees and other expenses not included in the Charter Fee. The
captain of the yacht is responsible for accounting for all APA expenses during
the charter and the breakdown will be presented to you in a clear manner at the
end of the charter. 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 maybe 30% in some cases. If the costs incurred during the course of the charter are less than the APA deposit, then the difference will be refunded to the Charterer at the end of the charter. If the costs incurred during the course of the charter that is over and above the APA deposit then this difference will be payable by the Charterer at the end of the charter.