bareboat charter

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bareboat charter

[′ber‚bōt ‚chärd·ər]
(industrial engineering)
An agreement to charter a ship without its crew or stores; the fee for its use for a predetermined period of time is based on the price per ton of cargo handled.
References in periodicals archive ?
TCE rate given for the the VLCC Millennium, which is chartered out on a bare-boat basis, takes into account a notional operating cost per day.