Differences Between Time Charters and Bareboat Charters
Analyze the time charters and bareboat charters.
You are working for an Argentinian meat exporter who regularly ships beef to the UK. The company currently uses refrigerated containers on a liner service but is considering whether chartering a vessel may be a better option. The company understands that time charters, and bareboat charters are potential options; management has asked you to provide an analysis of the options and a recommendation. Examine the differences between time charters and bareboat charters. Discuss the different legal and commercial obligations of the charterer. Make a recommendation as to the best course of action.