Bareboat and Demise Charter Party

Beschreibung

Mindmap am Bareboat and Demise Charter Party, erstellt von Crisbel Rosellie am 09/11/2014.
Crisbel Rosellie
Mindmap von Crisbel Rosellie, aktualisiert more than 1 year ago
Crisbel Rosellie
Erstellt von Crisbel Rosellie vor mehr als 9 Jahre
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Zusammenfassung der Ressource

Bareboat and Demise Charter Party
  1. 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.
    1. The charterer pays for all operating expenses, including fuel, crew, port expenses and P&I and hull insurance.
      1. 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.
        1. 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.
          1. 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.
    2. BAREBOAT
      1. If the lessee also has the right to appoint own master and the crew, it is called a bareboat charter.
      2. DEMISE
        1. 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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