Are there security Deposits alternatives?
You may choose to pay either a Refundable Security Deposit or the Damage / Loss Waiver. a. The Refundable Security Deposit is held against the yachts insurance excess. If there is no damage or loss to the yacht or to its equipment, Vernicos Yachts will refund the Security Deposit immediately at the end of the charter. However, if there is any damage and/or loss, the deposit or an appropriate proportion will be returned, if applicable, as soon as possible after full assessment of the cost of rectifying such damage or loss has been made. The Refundable Security Deposit covers: Loss of or damage to the vessel, its tender and third party liability. Loss of or damage to the equipment listed in the inventory and given to the charterer at check-in. Costs incurred if the vessel is returned in an unacceptably dirty condition. Cost of returning the boat to the pre-arranged harbor, if the charterer fails to do so by the scheduled date and time. Cost of refueling if the boat is returned without re