What is my liability? What is the refundable security deposit?
As with the hiring of a car, we will require you to leave a credit card rubbing at the base as security. The amount of the security represents the yacht insurance excess and will depend on the size and value of your yacht. It is 100% refundable as long as no damage is done to your yacht or other parties. Examples of situations where you will be liable for costs would be: – Specific damage to your yacht (breakages, blockages) – Hitting the bottom, necessitating the need for a diver to check for damage to the keel etc – Damage caused to sails or rigging as a result of negligence – Any damage caused while consuming alcohol! If your yacht is damaged by another vessel it is up to you to get information from those involved in the incident, including a declaration from a third party. You should not be liable for damage caused by another yacht as long as you are able to provide credible and thorough evidence. Breakages caused by normal wear and tear are not the responsibility of the client.
