19 September 2016
BARECON is a bareboat charter party. It is a lease agreement whereby the charterer obtains possession and full control of the ship along with the legal and financial responsibility for it. The charterer generally pays for all operating expenses, including fuel, crew, maintenance, repairs, and P&I and hull insurance.
The latest edition of this contract is BARECON 2017.
Copyright in BARECON 2001 is held by BIMCO.