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What is the security deposit for the yacht?

Every licensed Greek charter yacht is insured, including third Party cover, beyond a deductible "excess" figure. This amount is provided to you by the charter company/yacht owner under "Refundable Security Deposit" figure. 

The Refundable Security Deposit is held against the yacht's insurance excess and, if there is no damage or loss to the yacht or her equipment, this figure is returned to you at the end of the charter. 

However, if any damage and/or loss has occurred, the deposit or appropriate proportion will be retained in order to rectify such damage or loss.

The Refundable Security Deposit covers: 

Loss of or damage to the yacht or it's tender or to 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 yacht is returned in an extremely dirty condition. 

Cost of returning the yacht to the prearranged harbour if the charterer fails to do so by the scheduled date and time. 

Cost of refueling if the boat is returned without refilled tanks.

The payment of the Refundable Security Deposit is designed to cover only one incident of a substantial nature at any one time, viz: in case of loss or damage to equipment of significant value such as outboard engine or dinghy, the charterer will have the right to a replacement whilst on charter, provided that the charterer pays a new Refundable Security Deposit immediately upon receipt of replacement or repair.

The Refundable Security Deposit is payable at our base before embarkation typically on a credit card Visa or MasterCard, but sometimes only as cash.