This eBook contains a copy of the BARECON 2001 contract and the accompanying explanatory notes, in its latest version. As part of a traditional part of freight rental chartering, the right to suspend the service in the event of non-payment of rent provides landlords with a powerful commercial tool to use late rents. However, based on industry feedback, it is not practical to apply the same penalty under BARGEHIRE. BARECON users can expect BIMCO`s default rental party to be lighter and more concentrated when a new edition is released later in the year. BIMCO has published a new edition of BARECON, the standard contract in the bareboat charter industry. The last edition of this contract is BARGEHIRE 2008. . . .
