Destin's Premier Luxury Yachting Experience! Princess V72 Yacht for Charter!

3. TERM The PROPENSITY is chartered on a day basis for the number of hours stated in the Charter Agreement. Owner shall be entitled to payment by Charterer of $500 refundable deposit to cover any it of the ordinary cleaning or damage caused by Charterer, which shall be refunded at the conclusion of the Charter if no extra cleaning or damage has occurred. Extra cleaning is defined as spills or food dropped on the deck of fabrics requiring additional cleaning by the crew or yacht management company. This deposit in no way limits Charterer’s liability for damage caused by Charterer to the Yacht. Deposit will be refunded within 5 business days after charter provided there is no charge. Deposit will be refunded once cleaning or repairs are done if required. The Charterer and his or her party must arrive at the Yacht at the agreed disembarkation time. The captain shall aim to return the Yacht as close as possible to the return time or an agreed upon extension of the Charter, which may be effected by sea and weather conditions, In the event that the Charter is not possible because of weather conditions or mechanical breakdown, the Charter fee shall be refunded to Charterer in full, and Owner shall have no further liability to Charterer whatsoever. PROPENSITY shall be returned in a clean condition and in the same condition of repair as accepted by the Charterer. Charterer shall be responsible for any and all damage to PROPENSITY that is caused by the Charterer, his family, guests, or servants. 6. CANCELLATION The Charterer shall have the right to a refund or partial refund of the Charter fee deposit on the following bases: • If the Charter is cancelled by Charterer 4 weeks or more before the date of disembarkation, Charterer shall be entitled to a refund of the full Charter fee paid, minus a $250 cancellation fee; • If the Charter is cancelled by Charterer 1 to 4 weeks before the date of disembarkation, Charterer shall be entitled to a refund of 75% of the Charter fee paid; and • If cancelled less than 1 week, and before the date of disembarkation, Charterer shall not be entitled to any refund of the Charter fee paid. We will make every effort to find an alternate date with no penalty if possible and only if the schedule change did not affect our ability to book another charter for the time slot being released. Charterer agrees that it would be difficult for Owner to calculate damages in the event of cancelation and that the amounts referred to above constitute agreed upon liquidated damages.