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bareboat charter

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In this article, I answer the main questions about bareboat charters: What is a bareboat charter? Is a bareboat charter a lease agreement or a contract of carriage? What are the duties and responsibilities of the shipowner and charterer under a bareboat charter? How is a bareboat charter different from other charters? The nature of a bareboat charter For practical purposes, charters in shipping are classified into three types: Bareboat (demise) Time charter Voyage charter…

This is an introductory article on time charters and voyage charters. There are three main types of charters in shipping: Voyage charter Time charter. Bareboat charter (demise charter). Charters are often compared to taxis because it is the most straightforward analogy to understand. Voyage charter Let’s begin with an example: Sergey orders an Uber to get to work. Sergei pays the price based on distance and traffic jams. He does not pay for gas and…