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 ?
The agreement covers a 10-year bare-boat charter of the 37,000 dwt stainless steel parcel tankers NCC Jubail, NCC Mekka and NCC Riyad, and a six-year charter for the 23,000-24,728 dwt vessels NCC Baha, NCC Asir and NCC Arar.
Norwegian floating production, storage, and offloading unit (FPSO) operator Aker Floating Production ASA said on Thursday (10 May) that it has received a bare-boat charter contract for its first FPSO vessel, the Aker Smart 1.
For 1H2019, the net loss attributable to shareholders was US$4.7 million, compared to US$4.4 million in 1H2018, while EBITDA was US$8.1 million for 1H2019 which is lower than 1H2018 following the sale of vessels and cancellation of certain bare-boat charters, but a significant improvement over 2H2018.