MYBA Contract
A MYBA Contract (also known as a Mediterranean Yacht Brokers Association Contract) is the standard agreement form used worldwide for professional yacht charters. Think of it as the industry's gold standard paperwork that outlines all the details of a yacht rental, protecting both the yacht owner and the person renting the yacht. It covers everything from payment terms to cancellation policies, making sure everyone knows their responsibilities. It's similar to how real estate agents use standardized lease agreements, but specifically designed for yacht charters. When someone mentions MYBA Contract in their resume, it usually means they have experience handling professional yacht charter agreements.
Examples in Resumes
Managed over 50 MYBA Contract negotiations annually for luxury yacht charters
Successfully processed MYBA Charter Agreements worth €5M+ in annual revenue
Trained junior brokers in proper MYBA Contract documentation and compliance
Typical job title: "Yacht Charter Brokers"
Also try searching for:
Where to Find Yacht Charter Brokers
Professional Organizations
Job Boards
Industry Networks
Example Interview Questions
Senior Level Questions
Q: How would you handle a dispute between a charter client and yacht owner regarding the MYBA contract terms?
Expected Answer: A senior broker should explain the dispute resolution process, mention the importance of documentation, understanding of contract clauses, and diplomatic communication skills to reach an agreeable solution for both parties.
Q: What are the most critical aspects to verify before finalizing a MYBA contract?
Expected Answer: Should discuss checking vessel documentation, insurance coverage, crew certificates, payment terms, and specific client requirements, emphasizing the importance of attention to detail.
Mid Level Questions
Q: What are the main differences between MYBA contracts and other charter agreements?
Expected Answer: Should explain how MYBA contracts are more comprehensive, internationally recognized, and offer better protection for all parties compared to simpler charter agreements.
Q: How do you explain MYBA contract terms to first-time charterers?
Expected Answer: Should demonstrate ability to break down complex contract terms into simple language and highlight key points that matter most to clients.
Junior Level Questions
Q: What are the basic components of a MYBA contract?
Expected Answer: Should be able to list main sections like charter fees, payment schedule, cancellation policy, and basic terms and conditions.
Q: How do you process a standard MYBA contract from start to finish?
Expected Answer: Should explain the basic steps from initial client contact to contract signing, including gathering necessary information and proper documentation.
Experience Level Indicators
Junior (0-2 years)
- Basic understanding of MYBA contract terms
- Processing standard charter agreements
- Client communication basics
- Document organization
Mid (2-5 years)
- Contract negotiation
- Problem-solving charter issues
- Understanding international maritime laws
- Managing multiple charter contracts
Senior (5+ years)
- Complex contract negotiation
- Dispute resolution
- Team leadership and training
- Strategic client relationship management
Red Flags to Watch For
- No knowledge of basic MYBA contract terms and conditions
- Lack of experience with charter documentation
- Poor understanding of yacht charter industry standards
- No experience in client relationship management
