Common Contracts
1 similar Bareboat Charter Agreement contracts
Bareboat charter agreement pdfBareboat Charter Agreement • October 7th, 2020
The home page Employment on the ships of the Charter of bareboat (sometimes called the Death Charter or Death Charter, particularly by lawyers) (i) is a contract for the hiring of a vessel for an agreed period during which charterers acquire most of the rights of the owners. (ii) may be considered the maritime equivalent of a long-term lease of vehicles. (iii) most often on BARECON 89 charter party form. (iv) Used by owners such as banks and financial houses who are not prepared to manage or manage the vessels themselves. (v) often depends on a management agreement. (for example, when an oil company charters a tanker from the independent owner of the tanker, but agrees that the owners will operate the vessel on behalf of the oil company during the charter period). (vi) may depend on the purchase option after the charter expires or during the lease period. (Hire payments may include installments of the purchase price, and the transfer of ownership may follow the final installment. In fa
