What types of security deposits are requested?
You can choose between Refundable Security Deposit or the Damage / Loss Waiver. a. The Refundable Security Deposit ( later on called RSD) is held against the yachts insurance excess. If there is no damage or loss to the yacht or to its equipment, NYC will refund the RSD at the end of the charter. However, if there is any damage and/or loss, the RSD or appropriate proportion will be returned, if applicable, as soon as possible after full assessment of the cost i.e. damage or loss is been done by NYC or nominated person. The Refundable Security Deposit covers: • Loss of or damage to the vessel, tender and third parties. • 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 unacceptable condition. • Cost of returning the boat to the base or marina, if the charterer fails to do so by the scheduled date and time. • Cost of refueling if the boat is returned without refilled tanks. b. The Damage Lo
