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.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Gulfdrill will initially bareboat charter the West Telesto and West Castor from Seadrill and has secured bareboat charters for three additional units from a third-party shipyard.
In 2019, we sold three of our oldest VLCCs and finalized the bareboat charters for three newbuild VLCCs for a 12-year period.
10 April 2019 - Norwegian shipowner Ocean Yield ASA (OTC: OYIEF) has agreed to acquire two modern Ultramax dry bulk vessels for a total consideration of USD 42m net of a seller's credit, with 11-year bareboat charters to Scorpio Bulkers Inc.
Maritime Finance offers customized solutions for secured loans, bareboat charters and more to owners and operators.
rights, such as contracts for necessaries (1) or bareboat charters. (2)
Unlike bareboat charters, individual berths can be arranged thus making the costs more reasonable for smaller parties as well as removing any responsibility for the manning of the boat.
The two PSVs owned by Havila PSV DIS -- Havila Commander and Havila Crusader -- are both on eight-year bareboat charters to Havila Shipping.
* The Moorings (www.moorings.com) provides bareboat charters in 26 locations in the Caribbean, Mediterranean and the South Pacific.
(NYSE: SFL) has acquired two 2016-built 19,400 TEU container vessels, contracted for 15 years, or until late 2033, to a container line on long-term bareboat charters, the company said.
Under the terms of the proposed agreement PFS Shipping will assume the commitments related to the vessels and seismic equipment, while SCAN Geophysical undertakes to lease the vessels on 12-year bareboat charters at dayrates of USD40,000.
Ship Finance announces that it has agreed to acquire a fleet of 15 feeder size container vessels, ranging from 1,100 TEU to 4,400 TEU, in combination with long term bareboat charters to a leading container line.