1610170
Description
Mind Map by Crisbel Rosellie, updated more than 1 year ago
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Created by Crisbel Rosellie
about 10 years ago
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Bareboat and Demise Charter Party
- By this type of charter, the shipowner leases his entire vessel and the charterer has the responsibility of
operating it as though it were his own vessel. As the implies, the bare vessel is chartered. No
administration or technical maintenance is included as part of the agreement. The charterer obtains
possession and full control of the vessel along with the legal and financial responsibility for it.
- The charterer pays for all operating expenses, including fuel, crew, port expenses and P&I and hull
insurance.
- The charterer pays all expenses: fuel, stores, provisions, harbour dues, pilotage, etc. and employs
and pays the crew. There may, however, be a clause in the charter party that the master and the
chief engineer must be approved by the shipowner. The charterer is responsible for the upkeep,
preservation and safety of the vessel. Before delivery to the charterer the vessel is surveyed by
representatives of both parties and the same is done on redelivery.
- The charter party will stipulate that the must be redelivered in the same good order and condition
as when delivered, ordinary wear and tear excepted. On redelivery the owner's representatives,
usually the port captain and port engineer, may check the logbooks for information pertaining to
groundings, striking objects and collisions.
- Fuel oil in the vessel on delivery is paid for by the charterer - at the current price at the port at that
time, and on redelivery, the shipowner pays for the fuel in the vessel at the current price in the port
at the time.
- Fuel oil in the vessel on delivery is paid for by the charterer - at the current price at the port at that
time, and on redelivery, the shipowner pays for the fuel in the vessel at the current price in the port
at the time.
- The charter party will stipulate that the must be redelivered in the same good order and condition
as when delivered, ordinary wear and tear excepted. On redelivery the owner's representatives,
usually the port captain and port engineer, may check the logbooks for information pertaining to
groundings, striking objects and collisions.
- The charterer pays all expenses: fuel, stores, provisions, harbour dues, pilotage, etc. and employs
and pays the crew. There may, however, be a clause in the charter party that the master and the
chief engineer must be approved by the shipowner. The charterer is responsible for the upkeep,
preservation and safety of the vessel. Before delivery to the charterer the vessel is surveyed by
representatives of both parties and the same is done on redelivery.
- The charterer pays for all operating expenses, including fuel, crew, port expenses and P&I and hull
insurance.
- BAREBOAT
- If the lessee
also has the
right to appoint
own master
and the crew,
it is called a
bareboat
charter.
- If the lessee
also has the
right to appoint
own master
and the crew,
it is called a
bareboat
charter.
- DEMISE
- Ship leasing arrangement in
which the use of the entire
vessel and all associated
expenses pass on from the
ship owner to the lessee
(chartrer). A demise charter is
a form of bareboat charter in
which the charter period may
last for many years; and may
end with the charterer acquiring
title (ownership) of the ship. In
this case, a demise charter is a
form of hire-purchase from the
owners
- Ship leasing arrangement in
which the use of the entire
vessel and all associated
expenses pass on from the
ship owner to the lessee
(chartrer). A demise charter is
a form of bareboat charter in
which the charter period may
last for many years; and may
end with the charterer acquiring
title (ownership) of the ship. In
this case, a demise charter is a
form of hire-purchase from the
owners
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