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A bareboat charter, or demise charter, is an arrangement for the chartering or hiring of a ship or boat for which no crew or provisions are included as part of the agreement. Instead, the people who rent the vessel from the owner are responsible for taking care of such things and (for commercial shipping) obtaining insurance, usually for a ...
In commercial demise chartering, a subtype of bareboat chartering, the charter period may last for many years and may end with the charterer acquiring title (ownership) of the ship. In that case, a demise charter is a form of hire-purchase from the owners, who may well have been the shipbuilders. Demise chartering is common for tankers and bulk ...
In a demise (or bareboat) charter, the charterer takes responsibility for the crewing and maintenance of the ship during the time of the charter. S/he assumes the legal responsibilities of the owner, and is known as a disponent owner. [citation needed] In a time charter, the vessel is hired for a specific amount of time. The shipowner manages ...
In most traditional charter destinations such as Greece or Croatia the chartering company would ask to see a skippers recognised yachting certificate in order to charter bareboat yachts. While it is always possible to add extra services to a bareboat rented vessel, it remains fundamental to understand that the term bareboat indicates that the ...
There are three main kinds of charter: bareboat, skippered and crewed. Bareboat charters require the client to skipper the boat themselves, while skippered charters include both boat and a professional skipper. Crewed charters are staffed by a captain and professional crew that can include chefs, engineers, deckhands, and stewards.
In a time charter, the vessel is hired for a set period of time, to perform voyages as the charterer directs. [102] In a bareboat charter, the charterer acts as the ship's operator and manager, taking on responsibilities such as providing the crew and maintaining the vessel. [103] The completed chartering contract is known as a charter party. [104]
During a voyage charter a part or all of a vessel is leased to the charterer for a voyage to a port or a set of different ports. There are two types of voyage charter – net form and gross form. [1] Under the net form, the cargo a tramp ship carries is loaded, discharged, and trimmed at the charterer's expense.
In January 2009, Norwegian Sky was sold to Ample Avenue, a subsidiary of Genting Hong Kong, and chartered back to NCL on a bareboat charter. In July 2010, the charter agreement was extended. The new agreement included options for NCL to extend the charter period further and an option for NCL to purchase the ship during the charter period. On ...
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