A yacht can be simply described as a luxury sailing boat. A yacht was originally defined as a light, fast sailing vessel used by the Dutch navy to pursue pirates and other transgressors into the shallow waters of Low Countries. After its selection by King Charles II of England as the vessel of choice to return to Britain from Holland for his restoration, it came to be used to transport important persons. In later parlance, the definition of a yacht came to cover a wider range of vessels, propelled by sail, power or both, and also encompassed those that are used for pleasure cruising and yacht racing. Often, non-sailing yachts are also referred to as motor yachts, to differentiate them from yachts designed for use with sail power. In modern use, the term ‘yacht` applies to two rather different classes of vessels, which are sailing yachts and power yachts. Traditionally, yachts were differentiated from working ships mainly by their purpose. Yachts were considered to be swift and comfortable means of transportation for the wealthy and powerful. It was not until the ascendancy of the steamboat and other types of powerboats that sailing vessels as a class became known as luxury items. Modern use of the term ‘yacht` applies to nearly all sailing vessels, other than sailing dinghies, that are used for yacht racing or for pleasure cruising. Motor yachts, on the other hand, still retain more of the original sense of power and luxury. The motor yacht contains sufficient living space for at least several days at sea, and is much larger and generally far more expensive than the average sailing yacht. Different people charter such expensive yachts for vacations or for partying.
Corporate Yacht Charter is defined as the chartering of luxury yachts by different companies. Most commonly, corporate yacht charter is done for the purpose of high-level meetings.
Corporate Yacht Charter is also carried out during vacation seasons for the sole purpose of partying. In recent years, corporate yacht charter has become quite common as a means of rewarding employees with a beautiful experience of luxury cruise.