Boat Charter Agreement
A Bareboat charter does not contain administration or technical maintenance as part of the agreement. The charterer acquires full possession and control of the vessel as well as legal and financial responsibility for it. The charterer bears all operating costs, including fuel, crew, shipping and P&I costs and casco insurance. While Bareboat technically refers to any boat that can be chartered without a skipper or crew, Bareboating usually refers to sailing yachts, including catamarans. 1.2 The advance is paid in the form of a deposit for the guarantee of the ship for the charter period and must be paid to the owner when signing this contract. Against payment of the advance by the charterer, the owner undertakes not to conclude any other agreements on the chartering of the vessel for the same period. .