SailNet Community - View Single Post - Non Refundable Security Deposit
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post #7 of Old 11-19-2006
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To stop people wasting their time building scenarios about presumed unfair charter clauses, I assure you that the common and only practice among boat chartering companies in Greece is the option for the customer to pay a fully refundable security deposit (equal to about 1/2 to 1/3 the weekly charter fee) or a non refundable damage waiver charge (typically equal to 1/6 the weekly charter fee). Upon return, a diver checks the hull underwater and a quick control is carried out that nothing is missing.

PS: What I have seen in Greek waters makes me think that charterers are particularly prone to causing physical damage by commiting silly mistakes.
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