Bareboat Charter

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Bareboat Charter

An agreement whereby one rents a boat without a crew. That is, the renter is responsible for providing a crew and, for that reason, is in complete control of the operations of the boat during the rental period. This differs from a voyage charter, whereby the renter can direct where the boat goes, but in which the owner provides the crew and maintains control over their activities.
References in periodicals archive ?
In addition, the Company announced today that it has entered into an agreement to terminate its bare-boat charter for the Handymax tanker Invincible (DWT 47,084 built 1992), after sale of the vessel from its Lessors to a third party.