Ensuring Legitimate Yacht Charters: A Guide to Validating Contracts and Meeting Industry Standards
When it comes to yacht charters, there’s an important matter we’d like to address. Some individuals and companies still use outdated paper or PDF contracts for yacht charters, which may not be the current version of the agreement. To ensure the validity of your charter contract, it’s crucial to use contracts approved by organizations like CYBA or MYBA. We use the E-Contract platforms that have a watermark and serial number.
When you choose to book your yacht charter vacation with us, you can trust that our contracts are legitimate. We are proud members of CYBA, IYBA, the BVI Yacht Charter Society, and VIPCA, and whenever possible, we use official contracts that can be verified by CYBA or MYBA.
To safeguard your investment, take a moment to validate your charter contract. Check the serial number and date on the contract against the databases provided by CYBA and MYBA. Here are the links to the serial number validators:
- CYBA Serial Number Validator: https://cyba-econtract.net/validate
- MYBA Serial Number Validator: https://myba-econtract.portal.mybaassociation.com
If you have any doubts about the authenticity of a contract, feel free to reach out directly to CYBA or MYBA for assistance.
You may see the name “Seize the Day Charters” on your contract. In an effort to stand out in the industry, 2023 Myst Yacht Charters became our legally assumed name. More info here.
We can sign contracts as:
- Seize the Day Charters
- Seize the Day Charter DBA Myst Yacht Charters
- Myst Yacht Charters
Not anyone can get contract access; it can take years to qualify!
Please note that access to CYBA or MYBA E-Contract platforms is restricted to retail charter brokers, charter managers, and stakeholders. Captains and crews currently serving on charter yachts are not permitted to use these platforms.
For yacht charter brokers or yacht management offices interested in using MYBA E-Contracts, specific requirements must be met, including:
- Proof of a separate bank account opened and is used solely for handling client’s funds.
- Proof of E&O/professional indemnity at specified levels.
- Local/state business or trade license if required in the area where the business is based.
- Certificate of Good Standing within state where incorporated.
- References from at 5 Clearinghouse (Yacht Managers) with whom the broker has completed a past contracts and successful bookings with.
For yacht charter brokers or yacht management offices interested in using CYBA E-Contracts, specific requirements must be met, including:
- Local/state business or trade license if required in the area where the business is based.
- References from at least 1 Clearinghouse with whom the broker has completed a past contract with OR a current CYBA member who is willing to vouch for the broker and offer assistance on their first 5 charter contracts.
- Proof of attending at least 1 charter yacht show and/or completion of the CYBA New Broker online course.
For yacht management offices and central agents interested in using CYBA E-Contracts, the requirements include:
- Proof of LLC/Corporate documents.
- Local/state business or trade license if required in the area where the business is based.
- Proof of E&O/professional indemnity.
- ADM approval for brokers to use CYBA Escrow account.
- Applicants with a MYBA or AYCA E-Contract subscription will be approved. Subscriptions must be current and in good standing.
In conclusion, ensuring the legitimacy of your yacht charter contract involves adhering to industry standards set by organizations like CYBA and MYBA.
Your confidence is our priority! Discover why you can feel confident booking with us. For more assurance, check out our TrustPilot verified reviews! Or inquire now and start a conversation with us to plan your next trip.
