YACHTING INDUSTRY DEFINITIONS

The Caribbean Marine Association and its members have adopted the following marine industry definitions.  Regionally accepted definitions will ensure uniformity in both measurement, policy positions and legislation. 

YACHTING SECTOR

The yachting sector, or pleasure boat industry, is defined as the complex of activities that are required to sustain charter boating and cruising in the Caribbean. It includes the "yachting" establishments as well as "tourist" establishments that are the direct recipients of the yachting tourist expenditures, as well as those establishments that provide goods and services to the "yachting" and "tourist" establishments. 

YACHTING TOURIST

Yachting tourists as those persons who stay for more than 24 hours but less than 12 months in a particular country outside his or her usual place of residence and whose place of stay is a vessel for most of their stay or a person owns or controls a vessel visiting the Caribbean and whose purpose is to race or cruise in the Caribbean. 

YACHTING ESTABLISHMENTS

Yachting establishments are those enterprises that cater uniquely or mostly to yachts and include charter boat companies, marinas and ancillary marine services, such as sail making, engine repair, marine electronics and out-haul facilities .

ANCILLARY YACHTING ESTABLISHMENTS

Ancillary yachting establishments are those enterprises which receive a proportion of their revenue from yachts and are dependent upon the yachts for part of their trade such as bars and restaurants, hire car companies, accommodation agencies, provisioning companies, insurance companies and other similar businesses.

YACHT

A yacht is a seaworthy vessel in excess of 20 feet, propelled by motor or sail and is mostly used for recreation. 

MEGA YACHT

A mega yacht is a vessel of over 80 feet of which the entire yacht is chartered therefore differing from a cruise ship on which individual cabins are sold.  A mega yacht can also be a vessel of over 80 feet which is used by the owner solely for the purpose of racing or cruising.

YACHT IN TRANSIT

A yacht in transit is a yacht which spends no more than 8 months in any one calendar year in any one jurisdiction.