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Private Crewed Yacht Charters and Luxury Yacht Rental

Welcome to Privé Yachts, your personal super yacht and mega yacht charter professionals.

Privé Yachts is a luxury yacht charter company that specializes in crewed super and mega yacht charters worldwide. Our professionals have access to over 1,500 available yacht charters around the globe, ensuring that our clients are matched with the best possible yachts to suit their needs. So whether you are seeking the adventure of a sailing yacht or the opulence of a mega yacht charter, the perfect luxury vacation can be created in just a few easy steps.

Privé Yachts is your best choice for super yacht and mega yacht charters.

Begin your charter selection by browsing Privé Yachts’ collection of superyachts, megayachts, sailing yachts and catamarans available in hundreds of destinations. Then contact your personal Privé Yachts charter expert who will assist you with every aspect of your yacht charter experience. Agents are available 24 hours a day to work directly with you and the captain to create custom itineraries, provide 5-star dining, and even offer concierge services before and after your trip. The perfect holiday aboard a luxury crewed yacht will be created according to your exact specifications. Only private yacht rental allows you to travel to the most breathtaking destinations in the world while enjoying 5 star luxuries in privacy of your own floating palace.

Charter a luxury crewed yachting vacation today.

Why Charter a Private Yacht?

• Charter the crewed yacht of your choice.
• Enjoy all the luxuries of a 5-star resort aboard your charted yacht.
• All yachts are crewed with highly skilled professionals.
• Corporate yacht charters available for your next professional event
• Personal chefs create menus that cater to your tastes and preferences.
• Avoid crowds and enjoy the privacy that only a yacht charter provides.
• Cruise through secluded destinations and visit private islands inaccessible to most.
• See the world in a way that few can from your luxury crewed yacht.

Safety and Reliability

Privé Yachts charter professionals travel extensively to boat shows and yacht charter shows year round to personally view and inspect as many of the yachts that are recommend as possible. If a yacht has not been personally inspected, references from past charterers or brokers will be retrieved to ensure the quality and safety of both vessel and crew.

Luxury Travel Experts

In addition to yacht charter expertise, Privé Yachts also specializes in all aspects of luxury travel. A charter agent will gladly lend their professional advice upon request. Whether you require concierge services or a tailor-made charter itinerary, Privé Yachts is here to help mitigate some of the more tedious aspects of preparing the perfect holiday at sea.

Call now to charter your next luxury crewed yacht charter.

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Hundreds of super yachts and mega yachts available worldwide.

Yacht charters in the Mediterranean include destinations such as:

• French Riviera – St. Tropez, Cannes, Nice, Antibes, Cote Azure
• Italian Riviera – Portofino, Genoa, Venice, Sardinia
• Greece and the Cyclades Islands, Croatia, Corsica, Turkey, Monte Carlo, Monaco

Yacht charters in the Caribbean include such destinations as:

• The Bahamas
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• St. Maarten – St. Martin
• Leeward Islands

Yacht charters worldwide also include Thailand, Indonesia, Fiji, Maldives, Seychelles, Alaska, and many other destinations.

Celebrate your next vacation in style aboard a luxury crewed yacht charter. Our staff is available 24 hours a day, so never hesitate to contact us for any reason.

Whether you wish to travel to the Caribbean for the winter season, Monaco for the Grand Prix or revel in the beauty of the Maldives, we are here to deliver the best possible yachting experience. So remain in the height of luxury even in the most exotic of destinations because with Privé Yachts, the world is truly yours.

Bon Voyage!

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• Mediterranean Yacht Charter
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Mediterranean Yacht Charter has 36 Photos

Related Locations

• Mediterranean Fact File

Featured Yachts in THE MEDITERRANEAN

MALTESE FALCON | From US$ 490,000/wk

Latest mediterranean yachting news.

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Why: Choose a Mediterranean Yacht Charter?

Mediterranean yacht charter vacations are always by far and away the most popular summer location. You can read hundreds of our client endorsements here . Think the French Riviera, Monaco, Italy, Croatia, Sardinia, Spain and Greece. This is where most of the large crewed superyachts are concentrated and this is where also where you will find a huge variety of interesting places and cultures to experience. The Mediterranean (or Med’ for short) has everything. The area covers a large diversity of countries, cultures landscapes and experiences. Yet, the fantastic thing is that they are relatively close together, so you can create convenient and action packed itineraries very easily. On top of this, the yachting infrastructure in Europe is second to none so there are dozens of beautiful marinas filled with beautiful private superyachts and mega yachts that can be chartered as well as all the shops, restaurants, bars and conveniences that you could need. Because of its popularity the Mediterranean has an incredible choice of charter boats available to rent, both motor (power) yachts and sailing yachts, including the ever more widespread large luxury private superyacht charters.

How Much Does it Cost To Charter a Yacht in The Mediterranean?

Mediterranean yacht charter prices vary according to the size, style and age of the yacht. Our luxury superyacht charter yachts rent from 30,000 Euro to over 1,000,000 per week, plus expenses, in the form of an advanced provisioning allowance (APA). Conversely, smaller 'all inclusive' type vacations cost between Euro 15,000 to 50,000 per week. Here is the full list of all the charter yachts and here are the current Mediterranean yachts with special discounted prices .

Timing & Weather: The Mediterranean Yachting Season

The Mediterranean yachting season generally runs from April to the end of October. During the height of the season, in July and August, the climate is warm and sunny and the winds tend to be light. While this is the high season for all tourism, you can still easily avoid onshore tourists while afloat. The weather can also be good during the shoulder seasons.

Tip: Shoulder Season Means Value & Choice

Another good time to charter your yacht is generally on either of the shoulder seasons from April-May and September-October. These periods fall each side of the main summer season when the temperatures are still comfortable. September, for instance, is an underrated time of the year because the weather is usually good (if not too hot) but the sea is at its maximum temperature which is ideal for swimming. At this time there is greater choice of berths and anchorages for your boating vacation and the onshore tourists are not present in their largest numbers.

Yachts: The Mediterranean Charter Yachts

Please contact the friendly team at CharterWorld for prompt service and advice and the best crewed luxury yacht charters.

A yacht charter with CharterWorld is a fantastic way to experience the best of the world's coastline, pristine white beaches, sparkling azure waters, vividly colored marine life, national parks, secluded bays or dynamic nightlife; the list is endless. A yacht vacation allows you freedom and choice in some of the most spectacular locations around the world.

Important Spots: Consider These For Your Mediterranean Yacht Charter

Mediterranean yachting holiday locations are unequaled in their natural beauty, cultural heritage, passion, glamour and style. There was a time when the Mediterranean was the center of the known and civilized world and for private yacht charter vacations, to an extent, it still is. Today, the clear azure waters of the Mediterranean maintain a cachet of culture, history, sophistication, luxury yachts and stunning beauty, all with an endearing reputation of unrestrained energy.

The sunny Mediterranean is often conveniently split into two main areas - The Western Mediterranean and the Eastern Mediterranean . Both parts are culturally unique, yet both are lipped with stunning beaches, hidden coves, majestic ports and luxury yachts. Yachts of all sizes and shapes grace the Mediterranean, some are large motor yachts, some are sleek sailing yachts, some performance orientated and others of a more comfortable cruising style. This fabled area provides the untamed extravagance of the French Riviera , the gravity-defying architecture of the Italian coasts, the unaffected charms of Croatia, the fragrant orange groves of Spain , the exotic lure of Turkey and Greece , the birthplace of civilization.

"There was a time when the Mediterranean was the center of the known and civilized world and for private yacht charter vacations, to an extent, it still is."

The Mediterranean charter area takes in the Tyrrhenian, Ionian, Aegean and Adriatic seas. It includes the austere and striking islands of Sardinia , Corsica , the Balearics and Malta . Some of the most famous private yacht charter spots include Monaco , Nice , Cannes , St Tropez , Capri , Portofino , Amalfi , Positano, Porto Cervo, Palma de Mallorca , Valencia , Barcelona, Dalmatians, Corfu, Mykonos, Piraeus, Bodrum and Marmaris, to name a few. And some of the charter boat countries bordering the Mediterranean include France , Spain , Italy, Croatia , and Greece .

Ranked: The Top 7 Mediterranean Yacht Charter Locations

Yacht Charter Itineraries: For The Mediterranean

Why CharterWorld?

CharterWorld is a specialist charter company with all the yachts in the Mediterranean at the best price. With the industry’s top professional yacht brokers and every yacht in all the Mediterranean available you will be well served. If there is a boat or cruising area in the Mediterranean, or elsewhere, that you are interested in which is not covered here, please contact us and we will provide you with that information personally and free of charge.

See The Yachts & Specials Below or  View all the yachts for charter in the Mediterranean here

• Mediterranean Charter Reviews
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MEDITERRANEAN Yacht Charter Enquiry

Dear Chelsea, Everything was great, the Itinerary was amazing, we really enjoy all the places we visited. The crew was really nice, and we had a great time in the Mediterranean. Steve is a great Captain and would definitely charter again with him. I think our friend also rented a boat from you after I recommend he speak with you for a Charter in Greece. Please send the remaining money to Steve account as a tip for all of the crew. Thank you for everything; we had a great time, and best regards. - Chartered a motor yacht in the Mediterranean.

Yachting Destinations Near the Mediterranean

In close proximity to the Mediterranean are a number of exciting sailing destination.

French Riviera

Yachts for Charter in the Mediterranean

Romea | from eur€ 1,100,000/wk.

80M MODERN CUSTOM YACHT | From EUR€ 1,085,000/wk

PHOENIX 2 | From EUR€ 1,000,000/wk

O'PARI | From EUR€ 1,000,000/wk

85M EXPLORER YACHT | From US$ 950,000/wk

85m CUSTOM SUPERYACHT | From US$ 945,000/wk

GOLDEN HORIZON | From EUR€ 910,000/wk

82m CUSTOM SUPERYACHT | From EUR€ 875,000/wk

BOLD | From EUR€ 875,000/wk

85M CUSTOM MEGA YACHT | From EUR€ 875,000/wk

74m CRN 131 | From US$ 870,000/wk

HBC | From EUR€ 850,000/wk

Latest News About Mediterranean Superyachts

Charter yachts offering citizen science ...

80m motor yacht ELEMENTS offering 10% ...

37m luxury explorer yacht OCULUS brand ...

The mediterranean yacht charter specials, 5% discount location: east mediterranean.

DOUBLE EAGLE | From EUR€ 33,250.00/wk

Special rate location: greece.

NATALIA V | From EUR€ 114,750.00/wk

25% discount location: the mediterranean.

SOUNDWAVE | From EUR€ 487,500.00/wk

Special offer location: west mediterranean.

KAR | From EUR€ 50,000.00/wk

M/Y ROCKET ONE | From EUR€ 160,000.00/wk

Special offer location: croatia.

ONE BLUE | From EUR€ 89,820.00/wk

NOOR II | From EUR€ 94,500.00/wk

RESILIENCE | From EUR€ 450,000.00/wk

Charter yacht disclaimer.

This document is not contractual. The yacht charters and their particulars displayed in the results above are displayed in good faith and whilst believed to be correct are not guaranteed. CharterWorld Limited does not warrant or assume any legal liability or responsibility for the accuracy, completeness, or usefulness of any information and/or images displayed. All information is subject to change without notice and is without warrantee. A professional CharterWorld yacht charter consultant will discuss each charter during your charter selection process. Starting prices are shown in a range of currencies for a one-week charter, unless otherwise marked. Exact pricing and other details will be confirmed on the particular charter contract. Just follow the "reserve this yacht charter" link for your chosen yacht charter or contact us and someone from the CharterWorld team will be in touch shortly.

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Video shows moments before superyacht went down in storm off Sicily

Newly released video captures a luxury superyacht being battered by a violent storm before it suddenly sank off Sicily with 22 people aboard Monday.

The grainy images obtained by NBC News and other outlets were recorded on closed-circuit television not far from where the Bayesian was anchored, about a half-mile from the port of Porticello, on Sicily’s northern coast .

The yacht's 250-foot mast, illuminated with lights and lashed by the storm, appears to bend to one side before it finally disappears and is replaced by darkness.

The speed with which a yacht built to handle the roughest seas capsized stunned maritime experts.  

“I can’t remember the last time I read about a vessel going down quickly like that, you know, completely capsizing and going down that quickly, a vessel of that nature, a yacht of that size,” said Stephen Richter of SAR Marine Consulting.

British tech tycoon Mike Lynch and five of the 22 other people who were aboard the 184-foot vessel remain unaccounted for and are believed to be trapped in the Bayesian’s hull, nearly 170 feet underwater.

Officials confirmed Monday that at least one person, the ship’s cook, had died.  

Superyachts like the Bayesian, which had been available for charters at a rate of $215,000 a week, are designed to stay afloat even as they are taking on water to give the people aboard a chance to escape, Richter said. 

“Boats of this size, they’re taking passengers on an excursion or a holiday,” Richter said. “They are not going to put them in situations where it may be dangerous or it may be uncomfortable, so this storm that popped up was obviously an anomaly. These vessels that carry passengers, they’re typically very well-maintained, very well-appointed.”

Built by Italian shipbuilder Perini Navi in 2008, the U.K.-registered Bayesian could carry 12 guests and a crew of up to 10, according to online specialist yacht sites. Its nearly 250-foot mast is the tallest aluminum sailing mast in the world, according to CharterWorld Luxury Yacht Charters. 

On Tuesday, Italian rescue workers resumed the search for Lynch and the five other passengers still missing: Lynch’s 18-year-old daughter, Hannah; Morgan Stanley International Chairman Jonathan Bloomer and his wife; and Clifford Chance lawyer Chris Morvillo and his wife.

“The fear is that the bodies got trapped inside the vessel,” Salvatore Cocina, the head of civil protection in Sicily, told Reuters .

The Bayesian is owned by a firm linked to Lynch’s wife, Angela Bacares, who was one of the 15 people rescued Monday after it capsized.

“It’s extremely rare for a boat of this size to sink,” Richter said.

What’s not rare is the kind of storm that sank it , said Simon Boxall, senior lecturer in oceanography at Britain’s University of Southampton.

“People assume the Mediterranean is this rather calm and passive place that never gets storms and always blue skies,” Boxall said. “In fact, you get some quite horrendous storms that are not uncommon at this time of year.”

The president of Italy’s meteorological society has said Monday’s violent storm may have involved a waterspout, essentially a tornado over water, or a downburst, which occurs more frequently but doesn’t involve the rotation of the air.

Luca Mercalli, president of the Italian Meteorology Society, also said recent temperatures may have been a factor. 

“The sea surface temperature around Sicily was around 30 degrees Celsius [86 Fahrenheit], which is almost 3 degrees more than normal,” Mercalli told Reuters. “This creates an enormous source of energy that contributes to these storms.”

The Mediterranean sailing vacation was designed to be a celebration for Lynch, who two months ago was acquitted by a San Francisco jury of fraud charges stemming from the 2011 sale of his software company Autonomy to Hewlett-Packard for $11 billion.

Prosecutors alleged that Lynch, dubbed “Britain’s Bill Gates,” and Autonomy’s vice president for finance, Stephen Chamberlain, had padded the firm’s finances ahead of the sale. Lynch’s lawyers argued that HP was so eager to acquire Autonomy that it failed to adequately check the books .

Lynch had taken Morvill, who was one of his defense attorneys, on the luxury trip. 

Chamberlain was not on the Bayesian.

In what appears to be a tragic coincidence, a car struck and killed Chamberlain on Saturday as he was jogging in a village about 68 miles north of London, local police said.

“Steve fought successfully to clear his good name at trial earlier this year, and his good name now lives on through his wonderful family,” Chamberlain’s lawyer, Gary Lincenberg, said in a statement .

Henry Austin reported from London and Corky Siemaszko from New York City.

Henry Austin is a senior editor for NBC News Digital based in London.

Corky Siemaszko is a senior reporter for NBC News Digital.

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Live updates: Seven dead in 56m superyacht Bayesian sinking tragedy

Seven people have died in the Bayesian sinking disaster. These include the six missing people who were inside the yacht when it sank, as well as a seventh person who was located shortly after the disaster. The seventh person is understood to be the yacht's chef, Recaldo Thomas. The other six are:

• British tech entrepreneur Mike Lynch, once dubbed 'Britain's Bill Gates'
• Lynch's 18-year-old daughter, Hannah
• Morgan Stanley's chairman, Jonathan Bloomer
• Judy Bloomer, wife of Morgan Stanley chairman
• Chris Morvillo, a lawyer working for London-based law firm Clifford Chance
• Neda Morvillo, an American jewellery designer and Chris' wife

It is understood that the yacht was being used to celebrate Lynch's recent victory in a 13-year £8 billion fraud acquittal.

No one remembers the mast snapping before 56m superyacht Bayesian sunk, says crew

No one recalls seeing the mast snap on board the 56-metre Perini Navi sailing yacht Bayesian which sank off the Italian island of Sicily on 19 August. The eyewitness account of a crewmember on board the vessel, which was obtained by BOAT International , said that the boat was struck by a freak weather event which led to the yacht heeling at around 20 degrees to starboard. As crewmembers were securing items, the heeling angle began to increase rapidly until the yacht started taking on water and sank rapidly.

The crewmembers who were up on deck were able to evacuate the yacht with minor injuries. The yacht is understood to have sunk in just twelve minutes, and it is believed that a "major ingress" of water from the top down would have caused the sinking, according to a captain who wishes to remain anonymous. This is based on the fact that no breaches have been reported in the yacht's hull, and the fact that the yacht should have been able to remain afloat with two flooded compartments.

"Very difficult to understand what could have overwhelmed a vessel of that size" says captain of sistership

The captain of the sistership to the sunken 56-metre Perini Navi sailing yacht Bayesian has said it is "very difficult to understand what could have overwhelmed a vessel of that size" and called the 56-metre Perini Navi series "bulletproof".

David Hutchinson, captain of Rosehearty , said he had taken the yacht around the world multiple times and he had "total faith in the boat".  "We've been to Antarctica and Chile, and we've had her in 70 knots of wind," he says, and the vessel had never put them in a situation that felt unmanageable.

However, Hutchinson noted there were differences between Bayesian and Rosehearty ; notably, Bayesian's  74-metre mast, which would have been heavier and added increased windage. The yacht's layout was also different, with guest accommodation on Bayesian located further forward.

Live updates

• During a news conference on Saturday morning (24 August), prosecutors confirmed they are in the early stages of investigating a "crime hypothesis" of culpable shipwreck and manslaughter. Authorities also said the yacht likely sunk because of a downburst (powerful wind that descends from a thunderstorm), rather than a waterspout.
• A search and rescue for six missing people has concluded. The final missing person is understood to be Hannah Lynch. 
• According to Reuters, six bodies have now been found in the sunken yacht. These include Mike Lynch, a British technology entrepreneur who co-founded Autonomy Corporation and founded Invoke Capital, although Italian authorities have not confirmed this.  
• One person was found immediately after the yacht sunk, and this is understood to be the yacht's chef. 
• Lynch’s wife, Angela Bacares, and a one-year-old are among the fifteen people rescued along with Bayesian' s captain, James Cutfield.
• Another sailing vessel in the area, the 42-metre Sir Robert Baden Powell ,  stepped in to offer assistance in the initial rescue.
• Divers have been able to reach Bayesian' s sunken hull, which lies at 45 metres of depth about half a mile from the coast. The yacht had the largest aluminium masts of any sailing yacht on the water.
• Eyewitnesses in the area reported "hurricane" conditions off the coast but local weather websites did not indicate any severe squall, which suggests that the weather event was not forecast.
• At around 5am local time on 19 August, Bayesian was hit by bad weather and sunk.  The sailing yacht was anchored or idle at the time of the incident.

Built in Italy by renowned builder Perini Navi and delivered in 2008, the yacht's naval architecture was developed by Ron Holland Design while the interior design is by Rémi Tessier . She was formerly known as Salute and was last refitted in 2016. She was listed for sale earlier this year, according to BOATPro . The yacht had accommodation for nine guests and 12 crew.

BOAT International will update the story as it develops.

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Mike Lynch and daughter among missing after yacht sinks: What we know about disaster - and 'alarming' potential cause

The British-flagged luxury vessel named Bayesian was carrying 22 people when it got into difficulty off the coast of Sicily. Seven bodies have now been recovered from the wreckage.

News reporter @samuelosborne93

Friday 23 August 2024 12:24, UK

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Seven bodies have been found after a superyacht sank off the coast of Sicily.

Twenty-two people were on board the vessel named Bayesian when it got into difficulty in the early hours of Monday, with 15 people rescued.

Here's what we know about the sinking of the luxury vessel so far.

Follow latest updates on the superyacht sinking

What might have caused the sinking?

The British-flagged luxury vessel, named Bayesian, capsized at around 4.30am local time on Monday morning off Palermo, according to ship-tracking site Marine Traffic.

It sank in as little as 60 seconds with 22 people on board, 12 passengers and a crew of 10, according to the Italian coastguard.

Waterspouts, essentially tornados that form over water, were seen as powerful winds battered the area overnight, local media said.

The yacht may have sunk faster with all the doors open due to the hot weather, Sailing Today magazine editor Sam Jefferson has said.

"I imagine all the doors were open because it was hot, so there were enough hatches and doors open that it filled with water very quickly and sank like that," he said.

Official pictures show air conditioning units in several of the rooms, however, which could counter the suggestion open windows caused the vessel to sink faster.

The huge mast is also likely to have played a role, he added.

What are waterspouts?

Waterspouts typically occur during thunderstorms and can develop very rapidly, within minutes.

Their spin generally reaches wind speeds between 75-200mph, but can reach as high as 300mph.

They can travel at about 10-20mph typically but can reach greater speeds, making them difficult to avoid - especially in something as slow-moving as a yacht.

Matthew Schanck, chair of the Maritime Search and Rescue Council, called the reports of a tornado or waterspout "rare" and "quite alarming".

"The vessel was at anchor in a recognised anchorage," Mr Schanck said.

"Depending on wind direction and the state of the sea, this informs the captain whether it is a safe area to anchor or not. There was nothing that was too concerning, for my eye. All in all, the captain used the information they had to make a safe call."

Who owns the yacht?

The yacht belonged to the family of British tech tycoon Mike Lynch. He was confirmed to have died after rescuers found his body on Thursday. Mr Lynch was on holiday with his 18-year-old daughter Hannah, who is still missing, and his wife Angela Bacares, who was rescued.

Mr Lynch, 59, was known as the " British Bill Gates " and has been in the headlines in recent months over a high-profile fraud case.

In June, a US jury cleared him of all charges, which were related to the 2011 sale of his software company Autonomy to Hewlett-Packard (HP). The yacht trip is believed to have been a celebration of the end of Mr Lynch's legal troubles.

HP accused him of deliberately overstating the value of the company before it was acquired by the American tech giant.

Mr Lynch was extradited to the US to face trial in May last year and spent 13 months under house arrest in San Francisco as he awaited trial on 17 charges of conspiracy and wire fraud brought by the US Department of Justice - which were later reduced to 15 charges. He always denied any wrongdoing and was acquitted.

Read more: Lynch's co-defendant dies days before yacht sinking

Who was on board when the boat sank?

The passengers were largely British and American, with crew members were from New Zealand, South Africa, and Canada.

Charlotte Golunski was among the Britons rescued. Her LinkedIn profile says she is a partner at Mr Lynch's firm Invoke Capital and has worked there since 2012.

Speaking after the ordeal, Ms Golunski told Italian media that she lost her daughter Sofia for "two seconds" amid the "fury" of the sea but was able to retrieve her. She said she held the infant above the waves until the lifeboat was ready.

"Many people screamed. Luckily the lifeboat inflated and 11 of us were able to get on board," she told ANSA.

The girl's father James Emsley also survived, according to Sicily's civil protection agency.

Also on board were Jonathan Bloomer, chairman of investment bank Morgan Stanley, his wife Judy Bloomer, a top US lawyer Chris Morvillo, who worked on Mr Lynch's criminal case, and his wife Neda Morvillo. Divers confirmed on Thursday that their bodies had been recovered.

The yacht's captain James Cutfield survived, along with South African crew members Leah Randall and Katja Chicken.

Recaldo Thomas, a Canadian-Antiguan chef who was working on the boat, was the first to be found dead, the Italian Coastguard confirmed to Sky News.

During rescue efforts, divers saw "corpses through the portholes" of the wreck as they recovered the body of a man at a depth of 50m (164ft), according to Salvo Cocina, the head of the Civil Protection of Sicily.

What do we know about the vessel?

The Bayesian is owned by a company controlled by Mr Lynch's wife.

It was known for its unusual 72.3m (246ft) single mast - one of the world's tallest made of aluminium - and shared its name with the statistical method Mr Lynch's Autonomy software was based on.

It was built by Italian company Perini Navi in 2008 and last refitted in 2020.

It was listed for rent for up to €195,000 (£166,000) a week, according to online charter sites.

The luxury vessel , which was managed by yachting company Camper & Nicholsons, could accommodate up to 12 guests in six suites.

It won a string of awards for its design, according to online specialist yacht sites.

Mr Schanck, of the Maritime Search and Rescue Council, said the vessel would have been equipped with "high standard" life-saving appliances and radio communications.

He added the yacht would have met all international standards and UK Maritime Coastguard Agency regulations before its voyage.

It was previously named Salute, or "health" in Italian, when it flew under a Dutch flag. Its minimalist interior featured light wood with Japanese accents designed by the French designer Remi Tessier, according to descriptions on charter sites.

Keep up with all the latest news from the UK and around the world by following Sky News

What were its last movements?

The boat left the Sicilian port of Milazzo on 14 August and was last tracked east of Palermo on Sunday evening, with a navigation status of "at anchor", according to vessel tracking site VesselFinder.

The Bayesian previously travelled to other parts of Sicily before its last sighting off the coast of the port of Porticello.

On Sunday, the boat was seen off the coast of Cefalu before it travelled towards Porticello, MarineTraffic data shows.

In the days before, the yacht travelled around four of the Aeolian islands, just north of Sicily.

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Prosecutors in the nearby town of Termini Imerese have opened an investigation into the sinking.

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• Superyacht sinking

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Yacht Charter Costs Explained

A comprehensive breakdown of your charter costs and fees.

When you begin planning a luxury yacht charter it is important to be aware of what is included in the cost of booking your dream charter yacht. although a yacht will have a base charter fee, this may or may not include additional expenses such as food and fuel and this is subject to the terms and conditions within the charter contract. there are various types of charter contracts and which one applies to you will depend on where you wish to cruise., high season.

High season refers to the most popular weeks of the year for yacht charter, whether it’s the winter period in the Caribbean or the height of summer in the Mediterranean , booking in high season requires early planning, determination and a big budget. In addition, planning a yacht charter to coincide with a major event will also be reflected in the price with marine spots for elite events often booking up early. Allow plenty of time when making enquiries to ensure a star studded, well prepared arrival.

Low season typically refers to any time outside of the high season periods. Groups of families and friends looking for a relaxing luxury vacation are advised to avoid high season weeks and opt for weeks outside of this time. The busiest periods are of course reflected in the charter costs and can be up to 15 to 30 percent more expensive than typical low season periods. Chartering a few weeks either side of these busy periods can be almost exactly the same, with the weather almost unchanged in some places, with far less crowds.

Take to our detailed destination guides and browse the yachts available in your chosen destination. Some of the most successful superyachts in the industry can be reserved up to a year in advance and as most yacht brokers will warn away from last minute bookings, it is better to book early and have the pick of the bunch rather than miss out at the last moment. Browse the Events section for details on upcoming festivals and sporting events or visit our Finding a Yacht Broker page to begin your planning your luxury yacht charter.

This article will go into detail of the costs to be expected when planning and booking a yacht charter. From the base charter fee of a yacht, what is covered within the fee and how it may vary in addition to details of contracts and how an Advance Provisioning Allowance (APA) can be used to manage any expenses.

Base Charter Fee

The base charter fee in essence refers to the hire cost of the yacht itself, with all equipment in working order in addition to the cost of food and wages for the crew during the entirety of the charter. This is essentially all the base charter fee covers with additional expenses often applicable on top. The base charter fee will vary from one yacht to another and this may be down to any number of reasons from size and on board amenities to the charter season. For instance, the base rate of a charter yacht may increase in "high season" and reduce during the "low season". "High season" and "low season" refers to the busiest and slowest periods for yacht charters though this may appear misleading, as these peak times refer to periods of weeks as opposed to full seasons. In addition, you may find that a yacht is also more expensive during special events such as the Monaco Grand Prix, Cannes Film Festival and America's Cup. Unless you are keen to charter a yacht for a particular "high season" event, choose your dates carefully as although a "high season" rate will be more expensive than the "low season" the two can sometimes share much of the same weather conditions.

Aside from seasons and events, yachts of the same size may also differ in price and this may be down to a vast difference in on board amenities. A yacht which boasts an on board cinema or lavish water toys may have a higher base rate compared with a yacht of minimal amenities of the same size. If it is unclear as to why two yachts of the same size are vastly different in price, ask your yacht broker to explain what the differences are. Once you are clear on what the base price is and why, it is important to discover what costs will be applicable on top and this is dependent on the type of charter contract used.

The type of charter contract applicable to your charter will depend on where in the world you are cruising, as there are various terms within the industry which dictate how the payment structure is determined. For instance, a MYBA (Worldwide Yachting Association, formerly known as Mediterranean Yacht Brokers Association) contract operates under Western Mediterranean Terms (WMT) and is arguably the most commonly used, particularly with large yachts embarking on a Mediterranean yacht charter. This contract is often referred to as a "plus all expenses" contract and requires that the charterer pay for fuel, food, beverages and dockage fees as an additional expense outside of the base charter fee. Typically, guests can accumulate an additional 25% to 50% of the base charter fee though this is dependent on what is consumed. These expenses can be tracked through the use of an Advance Provisioning Allowance (APA) which we will cover in the next section.

Alternatively, smaller yachts on a Caribbean yacht charter can expect a "mostly all-inclusive" contract known as Caribbean Terms Inclusive (CTI) sometimes referred to as Standard Caribbean Terms (SCT). The Standard Caribbean Terms greatly differ from Western Mediterranean Terms, as the Caribbean terms include three meals a day in addition to four hours cruising per day which is included in the base charter fee.

In addition to the commonly used MYBA terms and Standard Caribbean Terms, there are also less frequently used terms such as Standard Eastern Mediterranean Terms (SEMT) and Greek Terms (GI). Read our guide on Understanding Charter Contracts for more information and if you are unsure as to what is included under the terms of your contract, be sure to ask your broker.

Advance Provisioning Allowance (commonly referred to as APA)

Irrespective of the charter contract it is important for guests to be aware of the Advance Provisioning Allowance (APA). The APA was designed to enable charterers to manage their expenses through a clear and trackable arrangement. An APA is a way to deposit the estimated expense amount of your charter to cover costs such as fuel, food and dockage fees. Typically, the APA accrues to approximately 25% to 30% of the base charter fee, though this does of course depend on the charter parties tastes and requirements and could be far less or far greater than this estimation. For instance, charter guests who intend to regularly dine on caviar and vintage wine can expect to pay more, whereas guests on board a sailing yacht charter can expect to save on fuel costs. Charterers can request an estimated APA amount from the yacht broker based on their on board expectations.

The APA is to be paid approximately one month prior to boarding the charter yacht and is paid directly to the Captain of the yacht. Once the APA has been paid to the captain it will then be retained as a bank account of sorts, from which the captain can make expenditures whilst keeping a record of what has been spent. At any point during the yacht charter guests can request a rundown of accounts from the captain as a way of keeping track of expenditures. The captain will request that any additional funds are paid during the charter should guests exceed the APA. It is therefore a good idea to keep an additional account with your yacht broker on shore, as should the APA become critically low at any time the yacht broker can release additional funds to the captain on the charterers command. Cash can be used if necessary though an on shore account may be deemed as hassle free to some.

It is important to remember that food and fuel for example, are charged at cost without mark up to the charterer and upon disembarking, transactions can be reviewed by the "head" charterer and Captain with any remaining funds to be paid back to the charterer.

Fuel and Dockage Fees

It is important to remember that whilst considering fuel costs, the fuel consumed when using jet-skis and tenders will also apply to the charterer. In addition, whilst docked at a marina the generators used in order to produce electricity will also use fuel. The distance travelled and speed of cruising also affects fuel costs and it is important to bear these factors in mind. Dockage fees may vary from very little to large sums and this is dependent again upon the location and whether you wish to dock during a special event such as the Monaco Grand Prix.

Although insurance costs are not directly connected to the charter costs as such, it is useful to bear in mind should you with to take out Charterers Liability Insurance or Cancellation and Curtailment cover. You can read more information regarding insurance in our How to Book and Plan a Yacht Charter article.

Value Added Tax (VAT)

European Union (EU) tax laws state VAT will apply should you disembark within their waters, for example Italian territorial waters. This may also apply to some Caribbean islands. Commercially registered vessels are usually VAT exempt though vessels which are not commercially registered will be liable for VAT for all charters within the EU.

No request is too large or detail too small on a yacht charter though it is wise to keep in mind the shipping costs should you request an expensive bottle of champagne to be transported to you whilst you are residing in a secluded bay of the Caribbean. It is important to understand the entire payment structure to ensure no unpleasant surprises arise and it is often prudent to keep an escrow account with your broker on shore in order to control charter costs without having to carry cash on board.

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