BAREBOAT (DEMISE) CHARTER AGREEMENT & ACKNOWLEDGMENT
PLEASE READ CAREFULLY. THIS IS A LEGALLY BINDING AGREEMENT.
This Bareboat (Demise) Charter Agreement (“Agreement”) is entered into between the undersigned Charterer (“Charterer”) and the vessel owner (“Owner”) as of the date of electronic signature below.
1. VESSEL INFORMATION
Vessel Name: ______________________________ Make / Model: _____________________________ Year: __________ Hull Identification Number (HIN): __________________ Registration / Documentation No.: __________________
2. NATURE OF CHARTER – TRUE BAREBOAT
This is a true bareboat (demise) charter.
Owner hereby transfers full possession, command, and control of the Vessel to Charterer for the duration of the charter (“Charter Period”). During the Charter Period, Charterer is deemed the owner pro hac vice of the Vessel.
Owner shall not control, direct, operate, navigate, crew, or manage the Vessel in any manner during the Charter Period.
☐ INITIALS REQUIRED Charterer acknowledges that Charterer has full possession, command, and control of the Vessel.
3. CHARTER PERIOD
Charter Start Date & Time: __________________________ Charter End Date & Time: ____________________________
4. DELIVERY AND CONDITION
Charterer acknowledges that the Vessel has been inspected and is accepted AS IS, in seaworthy condition and suitable for the intended use.
Charterer agrees to return the Vessel at the end of the Charter Period in substantially the same condition, reasonable wear and tear excepted.
5. USE OF VESSEL
The Vessel shall be used solely for private recreational purposes.
Charterer shall NOT: • Carry passengers for hire • Engage in commercial activity • Engage in illegal activity • Violate any federal, state, or local law
Operating area is limited to:
6. CAPTAIN AND CREW
Charterer has sole authority to select, employ, direct, and compensate any captain or crew.
Any captain or crew engaged are the exclusive agents and employees of Charterer, not Owner.
Owner does not provide, require, recommend, approve, or restrict any captain or crew.
☐ INITIALS REQUIRED Charterer understands Owner has no operational control over the Vessel.
7. EXPENSES AND MAINTENANCE
Charterer is solely responsible for all expenses during the Charter Period, including but not limited to fuel, dockage, crew compensation, fines, penalties, and operating costs.
Charterer shall promptly notify Owner of any damage or mechanical issues.
8. MANDATORY INSURANCE – BUOY.RENT
Charterer is required to obtain marine insurance coverage through Buoy.Rent for the entire Charter Period.
Insurance must be obtained prior to boarding the Vessel by scanning the QR code provided by Owner.
Required coverage includes, at minimum: • Protection & Indemnity (P&I) • Liability coverage as required by Buoy.Rent
Owner shall be named as Additional Insured and Loss Payee, where applicable.
⬜ SCAN THE QR CODE ABOVE TO OBTAIN BUOY.RENT INSURANCE BEFORE BOARDING
☐ INITIALS REQUIRED Charterer acknowledges that insurance is mandatory and required to proceed.
Failure to obtain insurance renders this Agreement null and void.
9. ASSUMPTION OF RISK
Charterer voluntarily assumes all risks associated with possession, operation, and use of the Vessel, including risks of injury, death, or property damage.
Charterer knowingly and voluntarily assumes all risks.
10. INDEMNIFICATION
Charterer agrees to defend, indemnify, and hold harmless Owner from any and all claims, damages, losses, liabilities, costs, or expenses arising out of or related to: • Operation or use of the Vessel • Acts or omissions of Charterer or Charterer’s guests • Acts or omissions of Charterer’s captain or crew • Injury, death, or property damage occurring during the Charter Period
This obligation survives termination of this Agreement.
11. DAMAGE OR LOSS
Charterer is responsible for any damage or loss to the Vessel occurring during the Charter Period, except where caused by Owner’s willful misconduct prior to delivery.
12. DEFAULT AND TERMINATION
Owner may immediately terminate this Agreement if Charterer: • Fails to obtain insurance • Operates the Vessel unlawfully • Uses the Vessel for commercial purposes
Upon termination, Charterer shall immediately return the Vessel.
13. NO AGENCY OR PARTNERSHIP
Nothing in this Agreement creates an agency, partnership, joint venture, or employment relationship between the Parties.
14. GOVERNING LAW
This Agreement is governed by General Maritime Law of the United States, and where applicable, the laws of the State of Florida.
Venue shall be in the State of Florida.
15. ELECTRONIC SIGNATURE
This Agreement is valid and enforceable when signed electronically.
CHARTERER ACKNOWLEDGMENT
By signing below, Charterer certifies that: • Charterer has read and understands this Agreement • Charterer accepts full responsibility as owner pro hac vice • Charterer agrees to all terms and conditions
Full Legal Name: ______________________________ Signature: ________ Date: ____________________________________
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