BARECON CHARTER PARTY PDF

The key changes to look out for are: Delivery condition The shipowner now owes an absolute obligation to deliver the vessel in a seaworthy condition, as opposed to being obliged to exercise due diligence to make the vessel seaworthy on delivery. If the charterer has inspected the vessel before delivery, the owner must deliver the vessel to the charterer in the same condition, fair wear and tear excepted. Charter period The form includes an option for the charterer to extend the charter period at a pre-agreed charter rate. Latent defects Owners are still liable for the cost of repairs arising out of latent defects. However, the definition of latent defect has now been included, removing previous uncertainty.

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The key changes to look out for are: Delivery condition The shipowner now owes an absolute obligation to deliver the vessel in a seaworthy condition, as opposed to being obliged to exercise due diligence to make the vessel seaworthy on delivery. If the charterer has inspected the vessel before delivery, the owner must deliver the vessel to the charterer in the same condition, fair wear and tear excepted. Charter period The form includes an option for the charterer to extend the charter period at a pre-agreed charter rate.

Latent defects Owners are still liable for the cost of repairs arising out of latent defects. However, the definition of latent defect has now been included, removing previous uncertainty. Redelivery Late redelivery by charterers now results in the payment of an enhanced hire rate. If neither option is specified the first should apply. If you use BARECON when contracting it would be advisable to consider how the amendments to the new form affect your obligations and whether you require any amendments.

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BARECON 2001

The result of the revision was an amalgamation of the two forms into a single document code named BARECON 89, containing separate alternative provisions to apply to new-buildings only. With this enviable record for clarity very much in mind, BIMCO decided in to undertake a modernisation of BARECON 89 to ensure that the provisions of this popular standard document kept pace with commercial practice. Initially, the Sub-committee assigned to the task of reviewing and revising BARECON 89 sought only to add clarity to some of the more cumbersomely worded provisions of the form and to replace the standard BIMCO clauses with their latest published versions. Closer examination of the form, however, led the Sub-committee to consider a more wide-ranging revision. It is hoped that the revised form, code named BARECON will provide users with an even more comprehensive bareboat charter that benefits from greater clarity and conciseness in its provisions. A copy of the form is reprinted at the end of this article. Part II of the form contains the main terms and conditions of the Charter of which it should be noted that not all apply to new-building vessels.

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