What does bareboat charter refer to
A bareboat charter is a boat or ship that is hired or ‘chartered’ by a third party such as a family or group of individuals. Essentially a bareboat charter is a type of agreement (charter agreement) between those renting the boat and the owner of the boat. This type of chartering contract is made between individuals and vessels of any form including yachts and ships.
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Bareboat charter explained
When an agreement for a bareboat charter is made, it should be noted that the agreement does not include crew or other provisions. Those renting or ‘chartering’ a boat under a bareboat charter agreement will have to provide crewing facilities and other provisions they require as applicable.
One notable advantage of bareboat chartering is that the vessel owner resigns possession of their boat to the party hiring it. This means the hiring party has the right to navigate the vessel, skipper themselves and employ their own crew. Unlike other forms of vessel chartering such as voyage charters, the hiring party is not given the right to hire their own crew or master, instead they must use the provisions and crew of the vessel owner.
Giving the charterer full possession over a rented ship can be viewed as a disadvantage for the charterer, as they are liable for all legal and financial issues with the ship. This includes maintenance of the ship while in the care of the renting party, administration costs and addition costs for crewing, fuel etc.
Bareboat agreements for yachts are typically valid for a short period of time and are normally hired by parties of people seeking to charter a yacht for a holiday break as it is substantially cheaper to rent a yacht than to purchase one’s own.
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