Definitions for "Bareboat Charter"
A type of charter of a vessel. See " Charter Party."
An agreement for the hire of a vessel without crew for a period of time. The party that hires the vessel pays for all operating costs like crew, provisions, bunkers, port charges, canal charges and any other costs related to the operation of the vessel. Abbreviations: BB; B/B. Synonym: Demise Charter.
A charter of a ship under which the shipowner is usually paid a fixed amount of charterhire for a certain period of time during which the charterer is responsible for the ship operating expenses and voyage expenses of the ship and for the management of the ship, including crewing. A bareboat charter is also known as a "demise charter" or a "time charter by demise."