Charter

Some yachts are used exclusively by their private owners, others are operated all year round as charter businesses, and a large number are privately owned but available for charter part time.
The weekly charter rate of luxury yachts around the world ranges from a high of €661,500 (M/Y Annaliesse) to around €20,000. Expenses of approximately 25-30%, such as food, fuel, and berthage are charged as an extra as well as a customary 15-20% crew gratuity for good service. The luxury yacht charter industry functions effectively because private yacht owners mitigate their running costs with charter income as well as keeping their yachts and crew in top running order. Conversely, private charterers charter yachts (rather than owning them) because it is generally considered to be less expensive, and less hassle, than owning a yacht and it also provides them with extra choice related to yacht type, location and crew. One super yacht that is frequently followed is the 77m Samar built by Devonport in 2006 and owned by the reclusive entrepreneur Jeff Coxon. She carries 20 crew and can accommodate 14 guests.