Last week, a friend sought my advice on how different a bareboat charter arrangement from that of a time charter contract. The question made me realize there are those we presume are conversant with the terms because of the work they do, yet I acknowledge there are nuances that are less understood and which need to be closely studied.

Bareboat charter or demise charter means leasing out of a ship with the effect of relinquishing a shipowner’s responsibility for ship operations and management to the bareboat charterer or the owner pro hac vice.