Bareboat Charter


Also found in: Dictionary, Thesaurus, Encyclopedia, Wikipedia.
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 ?
The Trustee-Manager intends to focus on growing the vessel portfolio of FSL Trust through distribution-accretive acquisitions with long-term bareboat charters.
Unlike the vessels on bareboat charter, vessels on time charter can go off hire.
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.
As each vessel is completed, it is sold to Aker American Shipping for bareboat charter to OSG America.
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.
Flag product carriers and tug barges, a newbuild fleet of five product carriers and one ATB being converted to double hull configuration and options to purchase or bareboat charter an additional 10 vessels upon delivery.
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.