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:

  1. Closing & Settlement: Charter completes; funds clear per brokerage terms and any escrow/settlement instructions.
  2. Net Commission: Xplor computes its net commission (after applicable central/COB fees, pass-throughs, and taxes as defined by the FSA).
  3. 50% to Crew: We allocate 50% of Xplor’s net commission to the verified crew pool and split per the FSA schedule.
  4. 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.

© 2025 Xplor. FairSeas & FSA terminology are used to describe our MYBA-derived, crew-first program and agreement.