CHARTERING

Parties involved

COSTS IN BAREBOAT CHARTERS

Under the bareboat charter the owner will exclusively bear the capital costs and possibly the insurance (it is customary that the insurance is concluded by the owner but that the bonus is paid by the charterer) and classification of the ship. All the other running cost and certainly the variable cost are for the charterer. He will equip and man the ship himself which gives him practically the complete control over the operation of the ship.

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