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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
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.
BARGEHIRE is a bareboat charter party specifically designed for unmanned, non-self-propelled seagoing barges. It is a lease agreement whereby the charterer obtains possession and full control of the barge along with the legal and financial responsibility for it. The charterer generally pays for operating expenses such as maintenance and repairs but, unlike bareboat chartered ships, barges are often chartered with owner’s insurances made available to the charterer. Copyright in BARGEHIRE 2008 is held by BIMCO.
Users of BARECON can expect BIMCO’s standard bareboat charter party to become leaner and more focussed when a new edition is released later this year.
BIMCO has published a new edition of BARECON, the industry’s go-to standard contract for bareboat chartering.
BIMCO has published a new edition of BARECON, the industry’s go-to standard contract for bareboat chartering.
This eBook includes a sample copy of the BARECON 2001 contract and the related explanatory notes in the latest version.
This eBook includes a sample copy of the BARECON 2017 contract and the related explanatory notes in the latest version.
The latest edition of this contract is BARGEHIRE 2008.
Under a conventional cargo time charter party, the right to suspend performance for non-payment of hire provides owners with a powerful commercial tool to leverage late hire payments. However, based on industry feedback, applying the same sanction under BARGEHIRE is impractical.
