Explanatory notes for BARECON 2001

eBook explanatory notes for BARECON 2001

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BARECON 2001 is a bareboat charter party. It is a lease agreement whereby the charterer obtains possession and full control of the ship along with the legal and financial responsibility for it. The charterer generally pays for all operating expenses, including fuel, crew, maintenance, repairs, and P&I and hull insurance.

This booklet includes a sample copy of the BARECON 2001 contract and the related explanatory notes in the latest version. The explanatory notes provide some background to the thinking behind the BIMCO contract. Even though BIMCO have updated BARECON in 2017 the 2001 version of BARECON is still used in shipping around the world.

NOTE: this is not an editable form. If you want that, you will need to purchase our contract editor SmartCon. 

Contract BARECON 2001 Bareboat charter