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What is a charter bond and when do I get it back?

A security bond is held under the booking terms; confirm its purpose, release process and possible deductions.

A bond is separate from the payment that secures a booking. Its conditions depend on the hire agreement. Ask whether it is a card pre-authorisation or a payment, what it may cover and how release is processed.

What to get in writing

Confirm when the vessel is inspected, how deductions are documented and who to contact about a disagreement. Do not assume the bond is the maximum amount you could be responsible for.

For bareboat hire, record the vessel’s condition and inventory with the operator at handover and keep a copy. Follow the agreed reporting procedure for faults or damage.

Read the booking checklist and ask separately about any damage waiver.