As part of the acquisition Buccaneer's wholly owned subsidiary Kenai Drilling, LLC has executed a Bare Boat Charter Agreement with KOV.
The Bare Boat Charter commences when the Rig is delivered for operational service in the Cook Inlet, which is expected to be in April/May 2012, for a period of 5 years during which Kenai Drilling will pay bare boat charter fees to KOV.
As part of the JVA terms a Buccaneer subsidiary will execute a 5 year, US$60,000 per day Bare Boat Charter
of the jack-up rig with the Joint Project.
Buccaneer will proceed to run the rig under a Bare Boat Charter
agreement to 29 October 2017.
Up to $1.5 billion, the first phase is plan is worth and will see the sale of up to 51 vessels to China's ICBC Financial Leasing, which it will then hold on bare boat charter
for a period of 10 years.
KNOT Offshore owns and operates shuttle tankers under long-term charters in the North Sea and Brazil and loads, transports and stores their crude oil services under time charters and bare boat charters
. As of 25 April 2018, it had a fleet of 16 shuttle tankers.
Under the new agreement, PFS will acquire the three vessels, including seismic equipment, and lease them back to SCAN Geophysical on bare boat charters
* Temporary registration of vessels under Pakistani flag shall also be issued to bare boat chartered
vessels by Pakistani nationals or firms Acquisition/Deletion of Ships: Pakistani shipowners shall be free to acquire and dispose of their ships as and when they deem fit.
The combination of transparency, convenience and overall value for money was just what the charter market was crying out for, and today overseas bare boat charters
-- usually in the form of all-inclusive sailing rallies with several boats per fleet -- remain Mariner Boating's core business.