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What is the security deposit?

Every "Sailing In Blue" vessel is comprehensively insured, including third Party cover, beyond a deductible "excess" figure. This amount is published in the price list for every yacht in the fleet, under "Refundable Security Deposit". For liability to third parties the coverage is at least as follows:

Loss of life, personal injury or illness € 300.000

Loss or damage to any other vessel or property € 150.000

Pollution Expenses € 90.000

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, the full amount will be returned to you.

Exception: for any loss or damage caused by gross negligence or wanton or willful misuse by the chartered or by any of his party, to a value in excess of the Security Deposit amount, the chartered will be held liable for the total amount of loss or damage and may rise legal actions against the author(s).

You also will be held fully liable for:

  • Costs incurred if the yacht is returned in an extremely dirty condition.
  • Cost of returning the yacht to the prearranged harbor if the chartered fails to do so by the scheduled date and time.
  • Loss of or damage to the equipment listed in the inventory and given to the chartered at check-in
  • 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. That means: in case of loss or damage to equipment of significant value such as outboard engine or dinghy, the chartered will have the right to an immediate replacement whilst on charter, provided that the chartered pays the used up portion of a the Refundable Security Deposit immediately upon receipt of replacement or repair.