Bareboat Charter


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Related to Bareboat Charter: Time Charter

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 ?
Norwegian shipping company Wilson ASA (OSE:WILS) announced on Friday (3 October) that it has declared its purchase options for the vessels Wilson Gijon and Wilson Gdynia currently under bareboat charter from companies associated with Wilson's main shareholder, Caiano AS.
As per Ocean Yield, "SBM will have certain options to acquire the vessel during the bareboat charter period, with the first option exercisable after five years.
Under the new agreement James Fisher Everard will take Vedrey Tora on a four-year bareboat charter, while the time charter agreement for Vedrey Thor is changed to a five-year agreement.
One of the four Stolt-Nielsen ships will be sold to Gulf Navigation, who will bareboat charter their three ships to the joint venture to create the 50/50 joint venture comprising the six ships.
The company will carry on to run the vessel and entered into agreement to bareboat charter back the same vessel for four years.
NORDIC BUSINESS REPORT-29 February 2008-Norwegian offshore vessels operator DOF ASA receives 5-year bareboat charter for PSV newbuild(C)1994-2008 M2 COMMUNICATIONS LTD http://www.
Viking Offshore & Marine Limited declared that it has been awarded a 50-month bareboat charter for a land rig system valuing around $32 million.