When Is Bareboat Charter Used?
In Shipping a Bareboat Charter Is in Effect a Financing Arrangement. It Is Generally Considered a Lease Contract, Specifically a Finance Lease, for Accounting...
What are the main features of a bareboat charter?
Basically the vessel owners put the vessel, without crew, at the complete disposal of charterers and pay her capital costs, but (usually) no other costs. Charterers have commercial and technical responsibility for the vessel, and pay all costs except capital costs.
What is meant by bareboat charter?
Bareboat Charter — an agreement between a ship owner and a charterer (an individual or company chartering a vessel) that essentially gives the charterer complete responsibility for the vessel and its operation over the course of the charter.
Elena Rostova holds a Master's degree in Public Health Journalism. She covers groundbreaking medical research, holistic wellness trends, mental health awareness, and nutritional science.
