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Bareboat
A bareboat charter or demise charter is an arrangement for the chartering or hiring of a ship or boat, whereby no crew or provisions are included as part of the agreement; instead, the people who rent the vessel from the owner are responsible for taking care of such things. This act is commonly known as bareboating or bareboat charter. There are legal differences between a bareboat charter and other types of charter arrangements, commonly called ''time'' or ''voyage'' charters. In a voyage or time charter, the charterer charters the ship (or part of it) for a particular voyage or for a set period of time. In these charters, the charterer can direct where the ship will go but the owner of the ship retains possession of the ship through its employment of the master and crew. In a bare-boat or demise charter, on the other hand, the owner gives possession of the ship to the charterer and the charterer hires its own master and crew. The bare-boat charterer is sometimes called a "disp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bareboating
Bareboating is the act of chartering a sailboat that one lives upon, navigates, and operates for a vacation from an owner or a charter company. Common bareboating locations are the Caribbean, the Mediterranean and the Whitsundays. To charter a sailboat, one must usually be able to demonstrate boat handling skills especially in operating the boat under power, docking, and anchoring. Typical sizes for bareboats come in the range of 30 ft to usually about 60 ft at the upper end. Most charter operators require a sailing resume listing sailing experience, boats that one has sailed and operated, and navigation and racing experience. If the charter operator is not satisfied that one has the appropriate experience, they will often require that the chartering party hire a captain from the charter company to sail with them for a few days. In most traditional charter destinations such as Greece or Croatia the chartering company would ask to see a skippers recognised yachting cer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bareboating
Bareboating is the act of chartering a sailboat that one lives upon, navigates, and operates for a vacation from an owner or a charter company. Common bareboating locations are the Caribbean, the Mediterranean and the Whitsundays. To charter a sailboat, one must usually be able to demonstrate boat handling skills especially in operating the boat under power, docking, and anchoring. Typical sizes for bareboats come in the range of 30 ft to usually about 60 ft at the upper end. Most charter operators require a sailing resume listing sailing experience, boats that one has sailed and operated, and navigation and racing experience. If the charter operator is not satisfied that one has the appropriate experience, they will often require that the chartering party hire a captain from the charter company to sail with them for a few days. In most traditional charter destinations such as Greece or Croatia the chartering company would ask to see a skippers recognised yachting cer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yacht Charter Brokers
Yacht chartering is the practice of renting, or chartering, a sailboat or motor yacht and travelling to various coastal or island destinations. This is usually a vacation activity, but it also can be a business event. There are two main kinds of charter: bareboat and skippered. Bareboat charters involve a person renting a boat and skippering it themselves. The other way is gathering up a group and renting the yacht with them. Most bareboat companies also offer courses to teach basic seamanship and prepare people for bareboat chartering. These companies also sometimes provide skippered charters, meaning that boat comes with a skipper but no additional crew. Skippered charter means the yacht comes with a crew. This can be anything from a 35-foot boat with a two-person team serving as captain and chef to a 300-foot boat with a squad of 30 or more crew members including stewardesses, escort, engineers, mates, deckhands, scuba dive masters, water sports instructor and the like. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yacht Charter Broker
Yacht chartering is the practice of renting, or chartering, a sailboat or motor yacht and travelling to various coastal or island destinations. This is usually a vacation activity, but it also can be a business event. There are two main kinds of charter: bareboat and skippered. Bareboat charters involve a person renting a boat and skippering it themselves. The other way is gathering up a group and renting the yacht with them. Most bareboat companies also offer courses to teach basic seamanship and prepare people for bareboat chartering. These companies also sometimes provide skippered charters, meaning that boat comes with a skipper but no additional crew. Skippered charter means the yacht comes with a crew. This can be anything from a 35-foot boat with a two-person team serving as captain and chef to a 300-foot boat with a squad of 30 or more crew members including stewardesses, escort, engineers, mates, deckhands, scuba dive masters, water sports instructor and the like. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Skippered Charter
Yacht chartering is the practice of renting, or chartering, a sailboat or motor yacht and travelling to various coastal or island destinations. This is usually a vacation activity, but it also can be a business event. There are two main kinds of charter: bareboat and skippered. Bareboat charters involve a person renting a boat and skippering it themselves. The other way is gathering up a group and renting the yacht with them. Most bareboat companies also offer courses to teach basic seamanship and prepare people for bareboat chartering. These companies also sometimes provide skippered charters, meaning that boat comes with a skipper but no additional crew. Skippered charter means the yacht comes with a crew. This can be anything from a 35-foot boat with a two-person team serving as captain and chef to a 300-foot boat with a squad of 30 or more crew members including stewardesses, escort, engineers, mates, deckhands, scuba dive masters, water sports instructor and the like. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yacht Charter
Yacht chartering is the practice of renting, or chartering, a sailboat or motor yacht and travelling to various coastal or island destinations. This is usually a vacation activity, but it also can be a business event. There are two main kinds of charter: bareboat and skippered. Bareboat charters involve a person renting a boat and skippering it themselves. The other way is gathering up a group and renting the yacht with them. Most bareboat companies also offer courses to teach basic seamanship and prepare people for bareboat chartering. These companies also sometimes provide skippered charters, meaning that boat comes with a skipper but no additional crew. Skippered charter means the yacht comes with a crew. This can be anything from a 35-foot boat with a two-person team serving as captain and chef to a 300-foot boat with a squad of 30 or more crew members including stewardesses, escort, engineers, mates, deckhands, scuba dive masters, water sports instructor and the like. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chartering (shipping)
Chartering is an activity within the shipping industry whereby a shipowner hires out the use of their vessel to a charterer. The contract between the parties is called a charterparty (from the French ''"charte partie"'', or "parted document"). The three main types of charter are: demise charter, voyage charter, and time charter. The charterer In some cases a charterer may own cargo and employ a shipbroker to find a ship to deliver the cargo for a certain price, called freight rate. Freight rates may be on a per-ton basis over a certain route (e.g. for iron ore between Brazil and China), in Worldscale points (in case of oil tankers) or alternatively may be expressed in terms of a total sum - normally in U.S. dollars - per day for the agreed duration of the charter. A charterer may also be a party without a cargo who takes a vessel on charter for a specified period from the owner and then trades the ship to carry cargoes at a profit above the hire rate, or even makes a profit i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ship Chartering
Chartering is an activity within the shipping industry whereby a shipowner hires out the use of their vessel to a charterer. The contract between the parties is called a charterparty (from the French ''"charte partie"'', or "parted document"). The three main types of charter are: demise charter, voyage charter, and time charter. The charterer In some cases a charterer may own cargo and employ a shipbroker to find a ship to deliver the cargo for a certain price, called freight rate. Freight rates may be on a per-ton basis over a certain route (e.g. for iron ore between Brazil and China), in Worldscale points (in case of oil tankers) or alternatively may be expressed in terms of a total sum - normally in U.S. dollars - per day for the agreed duration of the charter. A charterer may also be a party without a cargo who takes a vessel on charter for a specified period from the owner and then trades the ship to carry cargoes at a profit above the hire rate, or even makes a profit i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IFRS 16
IFRS 16 is an International Financial Reporting Standard (IFRS) promulgated by the International Accounting Standards Board (IASB) providing guidance on accounting for leases. IFRS 16 was issued in January 2016 and is effective for most companies that report under IFRS since 1 January 2019. Upon becoming effective, it replaced the earlier leasing standard, IAS 17. IFRS 16 has a substantial impact on the financial statements of lessees of property and equipment – requiring that leases be placed on-balance sheet by recognising a ‘right-of-use’ asset and a lease liability. Motivation to introduce IFRS 16 According to IASB chairman Hans Hoogervorst, “These new accounting requirements bring lease accounting into the 21st century, ending the guesswork involved when calculating a company’s often-substantial lease obligation. The new standard will provide much-needed transparency on companies’ lease assets and liabilities, meaning that off balance sheet lease financing i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accounting For Leases In The United States
Accounting for leases in the United States is regulated by the Financial Accounting Standards Board (FASB) by the Financial Accounting Standards Number 13, now known as Accounting Standards Codification Topic 840 (ASC 840). These standards were effective as of January 1, 1977. The FASB completed in February 2016 a revision of the lease accounting standard, referred to as ASC 842. Separate standards exist for governments and government agencies. Federal government accounting is overseen by the Federal Accounting Standards Advisory Board, whose SSFAS 54 for leases takes effect on October 1, 2023. For state and local governments and agencies, accounting is regulated by the Governmental Accounting Standards Board, whose GASB 87 leases standard took effect with the start of fiscal years after June 15, 2021. Introduction A lease is a contract calling for the lessee (user) to pay the lessor (owner) for use of an asset for a specified period of time. A rental agreement is a lease in wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yachting
Yachting is the use of recreational boats and ships called ''yachts'' for racing or cruising. Yachts are distinguished from working ships mainly by their leisure purpose. "Yacht" derives from the Dutch word '' jacht'' ("hunt"). With sailboats, the activity is called sailing, and with motorboats, it is called powerboating. Racing History The history of sailing dates back to prehistoric times but the racing of sailing boats is believed to have started in the Netherlands some time in the 17th century. Soon, in England, custom-built racing "yachts" began to emerge. In 1851, the Royal Yacht Squadron in Cowes challenged the American yacht ''America''. The race took place in the Solent. The ''America'' won the race and took the trophy, the America's Cup, back to the US where, held by the New York Yacht Club, it remained until 1983. The cup was then lost to the Royal Perth Yacht Club of Australia, which entered the ''Australia II'' into the contest. Meanwhile, yacht racing cont ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boat
A boat is a watercraft of a large range of types and sizes, but generally smaller than a ship, which is distinguished by its larger size, shape, cargo or passenger capacity, or its ability to carry boats. Small boats are typically found on inland waterways such as rivers and lakes, or in protected coastal areas. However, some boats, such as the whaleboat, were intended for use in an offshore environment. In modern naval terms, a boat is a vessel small enough to be carried aboard a ship. Boats vary in proportion and construction methods with their intended purpose, available materials, or local traditions. Canoes have been used since prehistoric times and remain in use throughout the world for transportation, fishing, and sport. Fishing boats vary widely in style partly to match local conditions. Pleasure craft used in recreational boating include ski boats, pontoon boats, and sailboats. House boats may be used for vacationing or long-term residence. Lighters are used to c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
