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 ?
of proving that a bareboat charter exists--an imposition that is based
In the event that the option is exercised, the bareboat charter will be terminated against a termination compensation equal to the accumulated and remaining charter hire and Viking Supply Ships A/S will replace Odin Viking SPV AS as borrower under the Odin Viking SPV AS facility with DVB Bank SE.
By buying Golden Joy, Golden Ocean will end a bareboat charter for it, the company said Friday.
Delivery is expected to occur in the second half of 2018, and the Company will continue to receive a bareboat charter rate of approximately $10,000 per day from the current charter to an affiliate of Indonesia-based Apexindo in the meantime.
As announced in December 2015, brokers who represented Singapore-based Pacific Richfield Marine said the company had sought expressions of interest for the sale or bareboat charter of individual vessels, vessel classes or its entire fleet, and have called the sale a "restructuring."
The Dan Sabia is operating in Brazilian waters under bareboat charter with Petrobras Transporte S.A.
The Dan Sabia is operating under a bareboat charter with Petrobras Transporte S.A.
The buyer, which remained unnamed, will charter back the vessel to Eitzen Chemical under a bareboat charter at USD14,300 a day.
Following the sale, the Company will bareboat charter back the vessel and immediately put it on a 5 year time charter with Cargill Ocean Transportation.
Following delivery from STX, the Navig8 Turquoise was delivered to Ocean Yield under the terms of the Sale MOA and then delivered back to the Company under bareboat charter.
After the delivery from Sungdong, the Navig8 Sanctity was delivered to Ocean Yield under the terms of the Sale MOA and then delivered back to the Company under bareboat charter.