Difference between time charter and bareboat charter in tabular form

Asked by admin @ 04/08/2021 in Social Sciences viewed by 339 People

Difference between time charter and bareboat charter

Answered by admin @ 04/08/2021

Under a time charter or a voyage charter a vessel and its
crew are hired for a voyage from a load port to a discharge port. The owner is
paid by the charterer on a lump-sum or per-ton basis. While the owner pays for
the port costs (except stevedoring) and the fuel costs.

A bareboat charter is also referred to as a demise charter.
Under this the owner of the ship gives its possession to a charterer who hires
his own crew and master.

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