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.
At the end of November 2013, BOURBON signed an agreement with Standard Chartered Bank ("SCB") for the sale and bareboat charter of 6 new build vessels for a total amount of approximately US$ 150 million.
Trinity incorporates two entities, Australian Bareboat Charters (ABC) and Whitsunday Rent-a-Yacht.
66%) bareboat charter of up to 51 supply vessels either in operation (24 on that date) or under construction (27 with delivery expected before June 2014) for a total of up to US$1.
5 billion from its fleet and retain the vessels on bareboat charter for a period of 10 years.
The Suezmax tanker Overseas Newcastle earned $26,300 per day under its bareboat charter and achieved average TCE earnings for the fourth quarter of $22,000 per day (compared to $14,700 per day in the third quarter of 2009 and $45,100 per day in the fourth quarter of 2008).
Six of the Company's Handymax tankers are fixed on a bareboat charter basis with an average term of 8.
The Partnership has options to acquire from OSG the equity of the entities that have rights to bareboat charter from AMSC up to four product carriers, two of which will be converted to shuttle tankers by OSG.
Viking Offshore & Marine Limited declared that it has been awarded a 50-month bareboat charter for a land rig system valuing around $32 million.
The Suezmax tanker Overseas Newcastle earned $35,000 under its bareboat charter and achieved average TCE earnings for the second quarter of $23,300 per day (compared to $39,600 per day in the first quarter of 2009 and $58,000 per day in the second quarter of 2008).
As per the report, Viking Offshore & Marine Limited (Viking) which is constructing a portfolio of mainstream offshore, marine and drilling assets, recently stated that it has today that it has bagged a 50-month bareboat charter for a land rig system worth nearly US $32 million.
The Swiber Elsie-Marie, Swiber Anne Christine, and Swiber Mary-Ann are the vessels constructed in 2009 and 2010, and will proceed running on bareboat charter to Swiber until the financial year ended 2020.