bare boat charter
Definition
A shipping agreement wherein administrative and technical assistance is not provided by the vessel owner. The charterer is responsible for providing crew, operating expenses, insurance and port expenses. In addition, the charterer is given control and possession with legal and financial responsibility during the agreement period.
Related Articles
- Retiring Baby-Boomers and the Threat to the Economy *
- The Economy: From Boom to Recession *
- What is Difference Between Direct and Indirect Tax? *
- Explanation of the Major Factors Affecting Your Tax Returns *
- The FOMC and its Impact on Monetary Policy *
- Introduction to Futures and Futures Trading *
- The Impact of International Economics *
- Currency Pairs *
Related Videos
http://www.businessdictionary.com/definition/bare-boat-charter.html
