CHARTERING

Types of Contract of Affreightment

Bareboat Charter

Under a bareboat charter, or demise charter, the charterer must equip and man the ship himself. The charterer must pay for all operating costs (thus both the fixed or running cost {with the exception of the investment costs and possibly some other fixed costs such as the cost for insurance, classification, etc.} and the variable costs), and recruit the captain and the crew. (See further, Costs in Bareboat Charters.)

[ back to top ]