Are the yacht, the crew and the captain insured?

Throughout the entire Charter Period, the Owner shall insure the Yacht against all customary risks for a Yacht of her size, value, and type on cover no less than is provided under Institute Yacht Clauses 1.11.85 or other recognised terms extended to provide Permission to Charter and to cover third party liability, together with liabilities arising from the use by the Charterer and other competent person(s) authorised by him of water-sports equipment carried by the Yacht. The Charterer shall remain liable for any loss, damage or liabilities arising from any act of negligence of the Charterer or his guests and not recoverable by the Owner under his insurance. 

The Dealer shall provide and include insurance of Crew against injuries and/or third party liabilities incurred during the course of their employment. The Charterer shall remain liable for any loss, damage or liabilities arising from any act of negligence of the Charterer or his guests and not recoverable by the Dealer under his insurance.