Barge Charter Agreement
for iron ore between Brazil and China), in Worldscale points (for oil tankers) or, alternatively, in the form of a total – normally in US dollars – per day for the agreed duration of the charter. A Bareboat charter does not contain administration or technical maintenance as part of the agreement. The charterer acquires full possession and control of the vessel as well as legal and financial responsibility for it. The charterer bears all operating costs, including fuel, crew, shipping and P&I costs and casco insurance. Depending on the nature of the vessel and the nature of the charter, a standard contract form, designated as a party to the charter, is normally used to record the exact rate, duration and conditions between the shipowner and the charterer. While Bareboat technically refers to any boat that can be chartered without a skipper or crew, Bareboating typically refers to sailing yachts, including catamarans….