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Bareboat Rental (Without Captain)

If you're renting out your boat without a skipper, your pricing should reflect its value and the market reality. Here’s what to consider:

• Market Research: Compare similar boats in your region to understand competitive pricing.
• Costs and Expenses: Ensure your rate covers fuel, maintenance, insurance, docking fees, and more.
• Service Quality: Well-equipped or meticulously maintained boats can command higher prices.
• Seasonality: Adjust your rates depending on the time of year and demand.
• Flexibility: Consider offering discounts for longer rentals or during quieter periods.

Rental With Captain (Charter)

Offering a captained experience adds value and requires different pricing considerations:

• Captain’s Fee: Include it in your overall price—charged by the hour or day.
• Included Services: Mention if fuel, meals, or equipment are part of the package.
• Added Value: A captain enhances safety and overall experience—justify the premium.
• Service Type: Rates should reflect the nature of the outing—cruise, day-trip, lesson, etc.
• Legal Considerations: Ensure your service complies with relevant Transport Canada laws.

Co-Navigation (Cost-Sharing Trips)

Co-navigation is about sharing the joy of boating—not generating profit. Here's how to handle cost-sharing:

• Actual Expenses: Account for all real costs—fuel, port fees, provisions.
• Fair Contribution: Ensure no profit is made—just fair sharing.
• Transparency: Clearly communicate how expenses are divided.
• Additional Costs: You may include shared costs like equipment or transportation, as long as they're actual expenses.

Striking the Right Balance

Whatever your model, remain adaptable. Adjust your pricing based on feedback, demand, or season. Aim for fairness, cost coverage, and delivering a quality experience aligned with your boat’s value.

Note: As an owner, you are responsible for ensuring your boat’s use complies with Transport Canada regulations.