MYBA Board Responds to SuperyachtNews Article - Praises Informed Amendments to Their Charter Agreement

The MYBA – The Worldwide Yachting Association board, has mounted a robust defence of their long-standing charter agreement in response to recent critiques. This agreement, noble in its lineage, has been internationally adopted by the superyacht charter sector for nearly four decades. Other charter contracts, while freely accessible, understandably struggle to reach the level of comprehensive insights accrued over these years of practical deployment.

In a retaliatory strike against assertions of their ‘monopolistic’ behaviour, MYBA reminds critics of the democratic nature of the agreement’s evolution. Representative of various key stakeholder perspectives, amendments to the document spark vigorous debate before acquiescence is secured. Such adept negotiations only enhance the agreement’s appeal, with the latest revision precisely testament to this.

Dismissing the notion that their regulatory adherence is unnecessary, MYBA rightly stresses that such considerations are integral to modern charter operations. In addition, further adjustments to traditional clauses aim to instil a deeper sense of fairness into how charter contracts operate.

Notably, the board distinguishes between their accord and external addendums, emphasizing that only the former bears MYBA endorsement. Legislative gripes, such as those related to EU legislation, fall beyond MYBA’s remit and cannot direct the extent of their amendments.

Taking pride in their widely accepted charter agreement, MYBA continues to streamline its services to better meet the needs of charterers across the globe. Far from resting on their laurels, the MYBA board is committed to progressing with the tides of change, always seeking new ways to improve their well-respected practices. For those enticed by the alluring life at sea, this dedication to equitable charter operations is bound to spark joy!