FairSeas by Xplor — Join & Get Paid 50/50 Crew Commission on eligible charters
We share 50% of Xplor’s net charter commission with verified crew on eligible charters, under the FairShare Agreement (FSA) derived from MYBA. Transparent. Auditable. Crew-first.
Booked Charter
Eligible charter under brokerage terms recognized by the FSA.
Commission Triggers FSA
After closing/settlement, Xplor calculates net commission per the FSA.
Crew Paid 50%
50% of Xplor’s net commission is distributed to verified crew.
How Payouts Work
The FairShare Agreement (FSA) details the calculation and distribution process. Here’s the short version:
- Closing & Settlement: Charter completes; funds clear per brokerage terms and any escrow/settlement instructions.
- Net Commission: Xplor computes its net commission (after applicable central/COB fees, pass-throughs, and taxes as defined by the FSA).
- 50% to Crew: We allocate 50% of Xplor’s net commission to the verified crew pool and split per the FSA schedule.
- Disbursement & Statement: Crew receive payout via bank transfer (or Wise/etc.). Everyone gets a downloadable payout statement for full transparency.
Commission Basis
Net charter commission per FSA (referencing MYBA): gross charter fee minus applicable deductions; Xplor’s commission after broker splits.
Timing
Payouts start after commission funds clear and post-charter reconciliation (damages/claims) is confirmed.
Methods
Bank transfer (IBAN/SEPA or SWIFT) to verified recipients; other compliant methods may be supported.
Compliance
KYC/AML, sanctions checks, and any required tax forms (e.g., W-8/W-9) must be completed before disbursement.
Eligibility & Verification
- • Yacht is on an eligible charter under recognized brokerage terms.
- • Crew complete KYC and role verification (become “verified crew”).
- • Charter closes and settles; FSA payouts are then triggered and run.
Performance & Recognition (CRI+)
We celebrate consistent excellence. Your CRI+ (Crew Rating Index) helps surface and reward high-performing teams across Xplor. Payouts, however, always follow the FSA’s transparent split rules.
Compliance & Contracts
FairSeas operates under the FairShare Agreement (FSA), derived from MYBA standards. Terms are transparent, auditable, and designed to fit real-world brokerage flows.
Crew — Verify & Get Paid
Complete KYC & role verification to participate in payouts.
Owners — Enroll Your Yacht
Enable FairSeas payouts for your vessel’s eligible charters.
Management — Activate FairSeas
Align processes and documentation with the FSA (MYBA-derived).
Brokers — Work With Us
Collaboration pathways for central & COB brokers.
Charter Clients — Understand Payouts
How FairSeas enhances service quality without changing your price.
© 2025 Xplor. FairSeas & FSA terminology are used to describe our MYBA-derived, crew-first program and agreement.