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 ?
com) provides bareboat charters in 26 locations in the Caribbean, Mediterranean and the South Pacific.
After the delivery from Sungdong, the Navig8 Sanctity was delivered to Ocean Yield under the terms of the Sale MOA and then delivered back to the Company under bareboat charter.
Two are contracted for 10 years on bareboat charter at a net daily rate of USD13,300.
FSL Trust offers its services exclusively on a long-term bareboat charter basis with lease terms of at least seven years at lease inception.
The company had earlier secured bareboat charter contract for one fast support vessel for Malaysia-based logistic company Classic Marine & Services with a contract value of around MYR24.
By buying Golden Joy, Golden Ocean will end a bareboat charter for it, the company said Friday.
9 million relates to the two vessels on bareboat charter.
In 2008, Ship Finance purchased the West Polaris and it was chartered to a subsidiary of Seadrill on a long-term bareboat charter where Seadrill was granted certain purchase options, first time in 2012.
The buyer, which remained unnamed, will charter back the vessel to Eitzen Chemical under a bareboat charter at USD14,300 a day.
Both parties have signed a memorandum of agreement, and SBM Offshore will charter the vessel under a long-term bareboat charter for a fixed period of 12 years.
As part of the terms of the sale deal, SBM Offshore will charter the vessel adhering to a long-term bareboat charter for a fixed 12-year period.