Bareboat Charter

Summary of Bareboat Charter

A time charter under which the charterer assumes full operational control of the chartered vessel, to include providing officers, crew, and supplies. A bareboat charter is also known as a demise charter.

(Main Author: William J. Miller)

Bareboat Charter in International Trade

Meaning of Bareboat Charter, according to the Dictionary of International Trade (Global Negotiator): The lease (charter) of an entire vessel under an agreement whereby the lessor only provides the bare vessel; that is, operation of the vessel is not included in the lease, and the charterer must arrange to hire a ship's master and crew itself.