FairShare Agreement (FSA)
The FSA is a supplemental transparency and calculation framework that defines how 50% of Xplor's broker commission is allocated to verified crew on eligible charters. It works alongside standard MYBA charter contracts without modifying payment terms. This page summarizes the key points. The binding document is the PDF linked below.
Reference: FSA v1 · Jurisdiction: ADGM · Electronic execution supported.
What the FSA does
- • Works as a supplemental framework to standard MYBA charter contracts.
- • Provides a calculation methodology for Xplor's crew share allocation.
- • Creates transparency reporting obligations without modifying charter payment terms.
- • Does NOT affect other broker commissions or owner proceeds.
- • Does NOT create payment obligations between FSA parties (calculation only).
Commission & Crew Share Pool
Industry commission pool is typically 20% of GCF. Xplor allocates 50% of its own commission to eligible crew:
| Xplor role | Xplor commission | Crew Share Pool | Xplor retains |
|---|---|---|---|
| Sole Broker | 20% of GCF | 10% of GCF | 10% of GCF |
| Central Broker | 10% of GCF | 5% of GCF | 5% of GCF |
| Co-Broker | 10% of GCF | 5% of GCF | 5% of GCF |
Example: €100,000 GCF → Sole Broker scenario = €10,000 crew share pool · Central/Co-Broker = €5,000 crew share pool.
Crew Eligibility
To qualify for crew share distribution, crew members must:
- • Be actively employed aboard the yacht during the charter period.
- • Appear on the official crew manifest.
- • Have valid employment documentation.
- • Be verified on the Xplor platform (identity confirmed).
Captain or Yacht Manager certifies the eligible crew roster within 48 hours of charter completion.
Distribution Methods
Two methods available, selected by mutual agreement before charter commencement:
Method A: Equal Distribution (Default)
Crew Share Pool divided equally among all eligible crew members.
Formula: Pool Amount ÷ Number of Eligible Crew = Individual Share
Advantages: Simple, transparent, no data collection required, fast processing, promotes team unity.
Example: €5,000 pool ÷ 8 crew = €625 per person
Method B: CRI+ Weighted Distribution (Optional)
Distribution weighted by Crew Reward Index Plus (CRI+) scores, which consider:
- • Position and responsibilities
- • Length of service
- • Qualifications and certifications
- • Performance indicators (when available)
- • Contribution to charter success
Formula: Individual CRI+ Score ÷ Total CRI+ Scores × Pool = Individual Share
Requirements for CRI+ Use:
- • Written crew consent to data collection
- • Captain/Manager provision of required crew data
- • Minimum 14-day notice before charter start
- • Transparent score disclosure to all crew
If data unavailable or incomplete: reverts to Equal Distribution
Distribution Process
Four-step process from charter completion to disbursement:
Crew Roster Certification
Day 0-2 post-charter: Captain/Manager submits verified crew roster to Xplor platform.
Calculation & Statement
Day 3-7 post-charter: Xplor generates Crew Distribution Statement with charter reference ID (CRID), pool amount, distribution method, individual allocations, and calculation methodology.
Owner/Manager Approval
Day 8-14 post-charter: Owner or authorized Manager reviews and approves the distribution statement.
Disbursement
Day 15+: Approved statement serves as payment instruction, recommended distribution schedule, or audit record depending on payment method selected.
Payment Execution
The FSA does not control payment mechanics. Actual disbursement occurs via one of these methods:
Option 1: Escrow Agent
If charter uses escrow, agent executes per approved Crew Distribution Statement.
Option 2: Direct Payment
Xplor disburses directly to crew using verified banking details.
Option 3: Owner/Manager Payment
Owner/Manager pays crew per approved statement; Xplor provides documentation.
Option 4: Deferred
By agreement, funds held pending resolution of charter disputes or reconciliation.
Transparency & Audit
Charter Reference ID (CRID)
Each charter receives a unique CRID for tracking and verification.
Public Transparency Page
Xplor maintains a public page at xplor.io/crid/[CRID] showing:
- • Charter dates and yacht (no client names)
- • Broker configuration
- • Crew Share pool amount
- • Distribution status (pending/approved/disbursed)
- • Verification hash
Records Retention
All calculations, rosters, and statements retained for 7 years.
Disputes & Corrections
Calculation Disputes
- • Crew may challenge calculations within 7 days of statement issuance
- • Xplor reviews challenge (3 business days)
- • If error confirmed: corrected statement issued
- • If disputed: Owner/Manager and Captain consulted
- • If unresolved: independent review per charter contract dispute terms
Payment Failures
- • Funds held for 90 days for crew to update information
- • Unclaimed amounts donated to recognized maritime charity
Legal & Compliance
- • Governing law: Abu Dhabi Global Market (ADGM).
- • Disputes: ADGM Arbitration Centre per FSA terms.
- • Electronic signatures: Valid and binding; platform audit trail is evidential.
- • No payment guarantee: FSA creates calculation and reporting obligations only. Actual payment depends on charter completion, owner approval, absence of disputes, and accurate crew banking details.
- • Cancellations: If charter cancelled, no crew share distributable (no commission earned).
- • Reduced fees: Crew share pool adjusts proportionally if GCF reduced or refunded.
- • No employment relationship: FSA does not create employer-employee relationship between Xplor and crew.
- • KYC/AML & sanctions screening: May affect timing and eligibility.
- • Data protection: Full privacy policy at xplor.io/privacy. CRI+ requires explicit crew consent.
This page is a summary. In any conflict between this summary and the signed FSA PDF, the PDF prevails.