Once the charter has been reserved and the deposit has been received, it is considered non-refundable. Should a charterer be forced to cancel, all monies will be forfeited. However, by purchasing Cancellation Insurance, $200 per charter, it allows you the following:
- Cancellation more than 90 days before the charter: A full refund will be issued without penalty.
- Cancellation 90 to 61 days before the charter: A $300 administration fee will be deducted from the deposit monies. Alternatively, all funds can be held on account and applied to a new charter within 24 months.
- Cancellation 60 to 31 days before the charter: The penalty is 50% of the total charter fee. Alternatively, all funds paid can be held on account and applied to a new charter within 24 months.
- Cancellation notice within 30 days before the charter: The full charter fee is forfeited less the cost of additional extras. Alternatively, 50% of the total charter fee can be held on account and applied to a new charter within 24 months.
Cancellation insurance can only be used once. In the event of cancellation, where cancellation insurance is used and a charter is rebooked, the new dates are considered non-refundable. ‘Rebooked’ charters are not eligible for cancellation insurance. In the event of a refund, Credit card surcharges, wire transfer fees or any fees occurring through any other method of payment will not be refunded.