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Bareboat Charter Agreement Template

Bareboat Charter Agreement Template 2025

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The Bareboat Charter Agreement outlines the terms and conditions under which an Owner leases a vessel to a Charterer for a specified period. It includes definitions of key terms, details about the parties involved, vessel specifications, payment terms, permitted use of the vessel, insurance and liability clauses, termination rights, governing law, and miscellaneous provisions. The agreement aims to ensure clarity and protection for both parties during the chartering process.

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What is the difference between bareboats and affreightment?

There are two main types of charter parties: contracts of affreightment and demise or bareboat charters. Contracts of affreightment involve the use of shipping space and include time and voyage charters, while bareboat charters transfer full possession and control of the vessel to the charterer.

How much does a bareboat charter cost?

If you were to charter a similar-sized craft for a bareboat experience, the cost would likely be between $6-10,000. Many people choose a power catamaran for their bareboat yachting experience.

What is the difference between a voyage charter and a contract of affreightment?

Unlike a voyage charter, the COA does not fix shipments to a particular vessel. Instead, it uses a series of shipments. This flexibility allows charterers to adapt to varying freight costs. A COA is highly beneficial for industries dealing with bulk materials.

What is a bareboat charter agreement?

A bareboat charter, or demise charter, is an arrangement for the chartering or hiring of a ship or boat for which no crew or provisions are included as part of the agreement.

Do I need insurance for a bareboat charter?

Any business that focuses on boat or yacht charters, tours, or rentals would benefit from having boat charter insurance, yacht charter insurance, or bareboat charter insurance.

What is a contract of affreightment?

Contract of Affreightment is an agreement between a charterer and a shipowner, where the shipowner agrees to transport specific number of goods for the charterer at a specified period.

What is the difference between affreightment and charter?

A contract of affreightment is an agreement between a shipper and a carrier for the carriage of goods in bulk over a specified period. Unlike charter parties, which are focused on specific vessels, contracts of affreightment may involve multiple shipments over time.

Bareboat Charter Agreement Template 2025

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