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This booklet includes a sample copy of the BARECON 2001 contract and the related explanatory notes. The explanatory notes provide background information on clauses of the BIMCO contract. Athough BIMCO updated BARECON in 2017, the 2001 version of BARECON is still used in shipping around the world.
BARECON 2001 is a bareboat charter party. It is a lease agreement where the charterer obtains possession and full control of the ship, including legal and financial responsibility. The charterer generally pays for all operating expenses, including fuel, crew, maintenance, repairs, and P&I and hull insurance.
BARECON 2001 – Standard Bareboat Charter Part 1
Explanatory Notes
BIMCO
BIMCO
is
the
world’s
largest
direct-membership
organisation
for
shipowners,
charterers,
shipbrokers
and
agents.
In
total,
around
60%
of
the
world’s
merchant
fleet
is
a
BIMCO
member,
measured
by
tonnage
(weight
of
the
unloaded
ships).
The
organisation
has
NGO
status
and
is
based
in
Copenhagen,
Denmark,
with
offices
in
Athens,
Singapore
and
Shanghai.
With
around
1,900
member
companies
across
120
countries,
from
the
largest
shipowners
in
the
world
to
small
local
port
agents
and
law
firms,
BIMCO
represents
a
wide
range
of
maritime
companies
and
organisations.
BIMCO’s goal is to secure a level playing field for the global shipping industry. BIMCO therefore works to promote and secure global standards and regulations for the maritime sector. The organisation’s century long effort into creating standard contracts and clauses is an expression of that aim.
- Number of Pages:
- 40
- Published Date:
- September 2020
- Book Height:
- 210 mm
- Book Width:
- 150 mm
- Author:
BIMCO
- Preview:
- Yes
