Monday, April 02, 2007

Bareboat

A bareboat charter is an agreement for the hiring of a boat, whereby no crew or provisions are incorporated as party of the agreement; instead, the people who rent the boat from the owner are in charge for taking care of such things.
There are legal difference between a bareboat agreement and other types of charter arrangement, such as crewed or luxury yacht charter, commonly called time or voyage charters. In a voyage or time charter the charters the ship (or part of it) for an exacting voyage or for a set period of time. In these charters the chartered can direct where the ship will go but the owner of the ship retains ownership of the ship through its employment of the master and crew. In a bare-boat or termination charter, on the other hand, the owner gives possession of the ship to the charterer and the charterer hires its own master and crew. The bare-boat charterer is sometimes called a "discontent owner". The giving up of possession of the ship by the owner is the important characteristic of a bare-boat or demise charter.

1 comment:

Kim Kavin said...

Actually, there are many more differences between bareboat and crewed yacht charters.

You can learn about them all at www.CharterWave.com