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12 29. Classification Society Cl. 3 Copyright published by PY 5. Vessel s name call sign and flag Cl. 1 and 3 G First issued by as Barecon A and Barecon B. Revised and amalgamated 1989. Revised 2001 2. Place and date 18. Running days notice if other than stated in Cl. 4 14. Port or Place of redelivery Cl. 15 W The Baltic and International Maritime Council BIMCO Copenhagen. Issued November 2001 RK Adopted by the Documentary Committee of The Japan Shipping Exchange Inc. Tokyo in 2002 10. Classif ...

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What is meant by demise charter?

A bareboat charter or demise charter is an arrangement for the chartering or hiring of a ship or boat, whereby no crew or provisions are included as part of the agreement; instead, the people who rent the vessel from the owner are responsible for taking care of such things.

What is the purpose of bareboat charter?

The underlying intent of a bareboat charter is to maximize the earning capabilities of the vessel so that both parties (the Owner and the Charterer) can make money. In its simplest form, a bareboat charter arises when the Owner leases his or her vessel out to the Charterer for a fixed period of time.

Is a bareboat charter the same as a demise charter?

What is the difference between Bareboat Charter and Demise Charter? If ship owners lease the ship with ship owner's crew members it is called Demise Charter. If ship owners lease the ship without crew members it is called Bareboat Charter. Ship Managers (Ship Management Companies) provide technical management services.

What is a boat charter agreement?

Bareboat Charter \u2014 an agreement between a ship owner and a charterer (an individual or company chartering a vessel) that essentially gives the charterer complete responsibility for the vessel and its operation over the course of the charter.

What is a bareboat charter party?

Bareboat 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 name implies, the bare vessel is chartered.

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