Bareboat Charters
| Bareboat Charters (c) 2025 |
Page 11
SECTION III
Legal principles applicable to bareboat charters
III.1 The essential defining characteristic of a bareboat charter is that it operates by way of demise.1 Unlike other forms of charterparty, the charterers take possession of the vessel pursuant to what is in effect a lease. A bareboat charter therefore sits on the boundary between the laws of contract and property.