Bareboat Charters - A Practical Guide to the Legal and Insurance Implications, 2nd Edition

This book examines for the first time the Barecon 2001 form which was adopted by the Documentary Committee of BIMCO in November 2001. The title explains the nature and formation of a bareboat charter, and examines and comments upon each of the clauses contained in the new form, drawing comparisons with the Barecon 89 form. It gives separate consideration to the form and the issues that arise in the context of finance charters and leases. It also provides valuable guidance upon the admiralty and arrest jurisdiction of the English court in relation to bareboat charters. The second edition has been thoroughly revised and updated, with extended commentary on the issues arising in the context of bareboat charters regarding insolvency, insurance and the provisions for new buildings.


Contents

Chapter 1. The Nature of a Bareboat Charter Chapter 2. The Formation of a Bareboat Charter Chapter 3. The BIMCO BARECON 2001 Form Chapter 4. Clauses 1, 2 and 3- Definitions, Charter Period and Delivery Chapter 5. Clause 4- Time for Delivery Chapter 6. Clause 5- Cancelling Chapter 7. Clause 6- Trading Restrictions Chapter 8. Clause 7- Surveys on Delivery and Redelivery Chapter 9. Clause 8- Inspection Chapter 10. Clause 9- Inventories, Oil, and Stores Chapter 11. Clause 10- Maintenance and Operation Chapter 12. Clause 11- Hire Chapter 13. Clause 12- Mortgage Chapter 14. Clauses 13/14 - Insurance and Repairs Chapter 15. Clause 15- Redelivery Chapter 16. Clause 16- Non-Lien Chapter 17. Clause 17- Indemnity Chapter 18. Clause 18- Lien Chapter 19. Clause 19- Salvage Chapter 20. Clause 20- Wreck Removal Chapter 21. Clause 21- General Average Chapter 22. Clause 22. Assignment, Sub-Charter and Sale Chapter 23. Clause 23. Contracts of Carriage Chapter 24. Clause 24- Bank Guarantee Chapter 25. Clause 25- Requisition/Acquisition Chapter 26. Clause 26- War Chapter 27. Clause 27- Commission Chapter 28. Clause 28- Termination Chapter 29. Clause 29- Repossession Chapter 30. Clause 30- Dispute Resolution Chapter 31. Clause 31- Notices Chapter 32. Part III: Provisions to Apply for Newbuilding Vessels Only Chapter 33. Part IV: Hire/Purchase Agreement Chapter 34. Part V: Provision to Apply for Vessels Registered in a Bareboat Charter Registry Chapter 35. Finance Charters and Leases Chapter 36. In Rem Claims and Admiralty Jurisdiction Chapter 37. Pollution Chapter 38. Frustration