ABSTRACT

This chapter looks at two forms of chartering, not commonly found in the market as voyage and time charters do, but nevertheless very challenging alternatives; the bareboat charter and the contract of affreightment. It discusses the description of the ship is of greater importance compared to a voyage or time charter. The shipowner is under an obligation to deliver a seaworthy vessel, in accordance with the charterparty requirements, at the agreed place of delivery and at the specified time. The shipowner is required to deliver the ship to the charterer in a seaworthy condition and in accordance with the charterparty agreement. Under a bareboat charterparty, it is the charterer's obligation to redeliver the ship to the owner at the agreed time, at the specified place and in the same good order and condition as when received, wear and tear excepted. The commercial employment, the commercial operation and the management of the ship are at charterer's hands in a bareboat charter.