(c) agree on the amount of the ISAF fee for each boat which is recommended as 0.4% of the average retail price of a complete new boat without sails as a guideline for negotiation;

F16 average 12.500 Euro's / dollars 0,4 % = 50 bucks

You know what is funny, the document nowhere mentions one benefit in return. It could be that that is discussed in another section though. But they didn't send me that, so I will have to take some time to look for it.

Wouter