The chartering season started in June therefore we asked our trusted advisor Sophia Tutino from the Monaco based IYC, to share some advice and good-to-know with us regarding chartering in the Principality of Monaco.
MWM: When is the start of the charter season in Monaco?
The charter season typically starts in early May, hand in hand with the Monaco Historic Grand Prix. May is usually full with static charters due to the famous petrolhead events in Monaco.
Static events are very important parts of chartering however in these cases the yachts are not allowed to leave the local ports. The typical clients for static charters are the event companies utilising the vessel to offer an unparalleled experience for their most valued clients.
Due to Monaco’s world-class programs and luxurious atmosphere, renting out a boat for charter is attractive for many nationalities. And we should not forget that the Principality offers almost 700, often world-class events during each year.
MWM: So Monaco is the home of the static events?
Absolutely not. Most charter clients ultimately aim for cruising holiday charter. Our charter season usually starts with the static events, due to the fact that during the major events such as the Monaco Grand Prix, the yachts are not allowed to leave the port of Monaco. However, the real chartering season with connected travellers around the French and Italian riviera start right after the Monaco Grand Prix, from early June.
MWM: Why Monaco?
Monaco is and will also be the place to be for those who want to charter in the South of France. Monaco also represent a certain quality for our clients. A holiday cruising on a superyacht one can find the unique destinations reachable by yacht only, the incomparable luxury, world-class service, the unparalleled cuisine, the privacy and of course the unforgettable moments on board.
MWM: Monaco and France have a very interesting relationship with similarities and restrictions as well. Do you have French clients?
Absolutely. Many French people come to the Principality to enjoy a nice stay on a superyacht. They can find the best onshore restaurants in the area, best facilities and services. In general, renting out a boat for charter is attractive for many nationalities
MWM: Renting out a superyacht is more for playboys or it is intended to target the families as well?
Chartering is also there for families. Charterers are becoming more and more educated on what the yacht charter is all about and what they can request and find on board. For example children friendly yachts for families is of absolute importance. For this reason many vessels offer various water toys, slides and other funs for all members of the family.
MWM: What is your advice regarding the booking?
The earlier is better, this way you have more chance to find suitable choices. The typical superyacht is booked at least a month in advance of the planned departure. It also can also give the client an opportunity to see the superyacht in person and to have a brief first meeting with the captain and crew to understand the vessel. All these small things can give you the right impression towards making a satisfying decision.
MWM: Do you have last minute bookings?
Sometimes yes which make us a very challenging time, but we always try to provide with the right solution.
MWM: What is the charter agencies nightmare?
A booking just 48 hours before departure. The thing is that with the less the time that the client allows for preparation the risk is always higher, because the agency wants to ensure quality of service and meet the special the special needs of the client.
MWM: What are the typical needs?
It is very colourful. It can be anything from special wine cellar on a superyacht, the language barrier, or for example a Jewish family rents out a vessel and they are requesting Kosher food to be served. Therefore an advance booking is highly important to fulfil their requests.
MWM: Do families fight on the Master cabin?
In a typical holiday cruising trip where there are multiple families coming together and they all pay an equal share of the charter we always aim to equal sized cabins, accommodations on the vessels for each family. It is a prestige questions.
For this who are interested to discover more we highly recommend to visit the website of IYC Monaco which offers more valuable information.
23 Boulevard Albert 1er (Palais Majestic)
Monte-Carlo, 98000 Monaco
Global Charter Business Development Manager at IYC Monaco
Phone: +33 677 772068
IYC provide forward-thinking advice, insight and support to yacht owners, buyers, charterers and crew worldwide.
Their focus is on leading the industry and giving new meaning to the words client–centric. By specializing in honest and candid market insight, IYC empower their clients’ decision making.
Tags: Charter, chartering, cruising, French Riviera, holiday cruising, INTERNATIONAL YACHT COLLECTION, INTERNATIONAL YACHT COMPANY, interview, IYC, IYC MONACO, MOHAKO, Monaco, SoF, Sophia Tutino, South of France, static cruising, yachting