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A bareboat charter, or demise charter, is an arrangement for the chartering or hiring of a ship or boat for which no crew or provisions are included as part of the agreement. Instead, the people who rent the vessel from the owner are responsible for taking care of such things and (for commercial shipping) obtaining insurance, usually for a ...
The bareboat charter market was established first in 1967 in Tortola by Jack Von Ost, [3] founder of Caribbean Sailing Yachts, who conceived the idea of a fleet made up of similar boats, with a standard for maintenance and equipment and boats especially designed for charter and not private use.
The worldwide range of charter prices (per person per week) is estimated to be from $1000 up to and in excess of $20,000. The rate for mega yachts or superyachts that are over 150-foot to 300-foot is estimated respectively to be from $45,000 up to $3,000,000 (per week)
A demise charter, or bareboat charter, is an arrangement for the hiring of a vessel for which no administration or technical maintenance is included as part of the agreement. The charterer obtains possession and full control of the vessel, along with the legal and financial responsibilities for it.
YACHTICO was founded by Steffen Bruenn in 2010 and launched the yacht vacation booking platform in May 2011 in Germany, Austria and Switzerland with a European focus. [2] [3] YACHTICO started with almost 10,000 yachts operated by local charter companies mainly in Europe and in the Caribbean.
In a demise (or bareboat) charter, the charterer takes responsibility for the crewing and maintenance of the ship during the time of the charter. S/he assumes the legal responsibilities of the owner, and is known as a disponent owner. [citation needed] In a time charter, the vessel is hired for a specific amount of time. The shipowner manages ...
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