BARECON 2001 (eBook)

Published Date

September 2020

BARECON 2001 (eBook)

(Excludes any applicable taxes)

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This booklet includes a sample copy of the BARECON 2001 contract and the related explanatory notes. The explanatory notes provide background information on clauses of the BIMCO contract. Athough BIMCO updated BARECON in 2017, the 2001 version of BARECON is still used in shipping around the world.

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BARECON 2001 is a bareboat charter party. It is a lease agreement where the charterer obtains possession and full control of the ship, including legal and financial responsibility. The charterer generally pays for all operating expenses, including fuel, crew, maintenance, repairs, and P&I and hull insurance.

BARECON 2001 – Standard Bareboat Charter Part 1
Explanatory Notes


BIMCO is the world’s largest direct-membership organisation for shipowners, charterers, shipbrokers and agents. In total, around 60% of the world’s merchant fleet is a BIMCO member, measured by tonnage (weight of the unloaded ships).

The organisation has NGO status and is based in Copenhagen, Denmark, with offices in Athens, Singapore and Shanghai.

With around 1,900 member companies across 120 countries, from the largest shipowners in the world to small local port agents and law firms, BIMCO represents a wide range of maritime companies and organisations.

BIMCO’s goal is to secure a level playing field for the global shipping industry. BIMCO therefore works to promote and secure global standards and regulations for the maritime sector. The organisation’s century long effort into creating standard contracts and clauses is an expression of that aim.

Title: BARECON 2001 (eBook)
Number of Pages: 40
Product Code: IT103549
Published Date: September 2020
Author: BIMCO

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