Monday, November 12, 2007

Bareboat charter

A bareboat charter is an arrangement for the hiring of a boat, whereby no crew or provisions are contained as party of the agreement; instead, the people who rent the boat from the owner are responsible for taking care of such things.

There are legal differences between a bareboat charter and another types of charter arrangement, such as crewed or luxury yacht charter, commonly called time or voyage charters. In these charters the charterer can direct where the ship will go but the owner of the ship tells possession of the ship through its employment of the master and crew. In a bare-boat or demise charter, on the other hand, the owner gives possession of the ship to the charterer and the charterer retriew its own master and crew. The bare-boat charterer is sometimes known as a "disponent owner".

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