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SECURITY DEPOSIT

A lot of clients ask about security deposit. What is it? Why you have to leave deposit? Is it returnable? Please read next paragraph.

The security deposit is the amount with which you are liable in case of any damage that is the consequence of mishandling of the boat, happens during your charter. All the boats are fully insured with Casco insurance, but the security deposit has to be made in starting marina by the client when taking over of the yacht. Security deposit can be made in cash or credit cards. The security deposit shall be refunded in its full amount unless the existence of damage or a defect on the yacht or the equipment is found during the takeover of the yacht and unless there are no claims field or announced regarding the Charterer by third persons that are connected to the usage of the yacht. In case of loss of or damage on the equipment, particular parts of the yacht or the yacht itself, charter company shall retain the amount (a part or the whole deposit), which corresponds to the value of repair, acquisition and / or purchasing the equipment or particular part of the yacht. In case the caused damage has the consequence that yacht cannot be further chartered, charter company has the right to retain the total amount of security deposit corresponding to the loss of profit. The amount of security deposit is the maximum amount with which you can be charged for any damages. Everything that exceeds that amount the charter company will cover from the insurance company.