Most yacht owners request a minimum of one week, but many will accept less, especially in the off-season. Some will even accept day charters, however, the daily rate generally increases as the term shortens. On average, the cost per day will be about one-sixth of the weekly rate for any charter that is less than seven days. Some yachts will not offer a shorter term during the peak season, which is July and August in the Mediterranean and New England, and December and January in The Bahamas and Caribbean.