Registration Of Bareboat Charters, Voyage Charters And Time Charters In The PRC

As is the practice worldwide, charters of vessels in the PRC may either be under bareboat charter or a voyage/time charter. A bareboat charter is an arrangement for the charter of a ship where no crew or provisions are provided by the ship owner. Instead, the charterer is responsible for all such arrangements and will possess, use and operate the ship completely during the charter period. A voyage or time charter is an arrangement where the charterer charters the ship (or part of it in the case of a voyage charter) for a particular voyage or for a set period of time. In voyage or time charters, the charterer can direct the destination of the ship but the owner of the ship retains possession of the ship through the employment of the captain and crew.