Types Of Charter Party Agreements

When pleasure boating is the most common charter arrangement Bareboat-Yachtcharter. A trip or time rental is used only for large yachts and is unusual. Yacht fleets are usually made up of boats from individuals or companies that only use their boats part-time or as an investment. A recent innovation in pleasure boating is “time-share-chartering”, in which several charterers are allocated a certain number of days per month or season in a similar way to a time-sharing of real estate. A charterer can also be a cargo-free party that charters a ship by the owner for a certain period of time and then exchanges the vessel with a profit higher than the rental price, or even makes a profit in a rising market by re-leasing the vessel to other charterers. Whenever we have doubts about something under travel charter, think of this taxi rental analogy…