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Barecon  Form

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What is the Barecon?

The Barecon is a standardized contract form developed by BIMCO (Baltic and International Maritime Council) that governs various aspects of shipping agreements. It is particularly useful in the context of bareboat chartering, which allows a charterer to operate a vessel without crew or provisions. The Barecon 2017 version includes updated terms and conditions that reflect current industry practices and legal requirements.

How to use the Barecon

Using the Barecon involves several steps to ensure compliance and clarity in the agreement. First, parties must carefully review the terms outlined in the Barecon 2017 pdf to understand their rights and obligations. Next, they should fill out the required information accurately, including details about the vessel, charter period, and payment terms. Once completed, both parties must sign the document to formalize the agreement. Utilizing a reliable electronic signature platform can streamline this process and ensure the document is legally binding.

Steps to complete the Barecon

Completing the Barecon requires attention to detail. Here are the essential steps:

  • Download the Barecon 2017 pdf from a trusted source.
  • Review the contract terms thoroughly to ensure understanding.
  • Fill in the necessary information, including vessel details and charter specifics.
  • Ensure all parties involved in the agreement are in agreement with the terms.
  • Sign the document using a secure electronic signature service to maintain legality.

Legal use of the Barecon

The Barecon 2017 is legally binding when executed correctly. For an eDocument to hold legal weight, it must comply with specific regulations, such as the ESIGN Act and the UETA. These laws affirm that electronic signatures are as valid as handwritten ones, provided certain conditions are met. It is crucial to use a trusted platform, like airSlate SignNow, to ensure compliance with these legal frameworks.

Key elements of the Barecon

Several key elements define the Barecon 2017, making it a comprehensive tool for bareboat charters. Important components include:

  • Identification of the parties involved in the agreement.
  • Detailed description of the vessel being chartered.
  • Terms of payment, including rates and schedules.
  • Duration of the charter period.
  • Responsibilities of both the owner and the charterer.

Examples of using the Barecon

The Barecon can be applied in various scenarios within the maritime industry. For instance, a shipping company may use the Barecon to charter a vessel for a specific project, ensuring that all terms are clearly defined. Another example includes a yacht owner renting out their vessel for leisure purposes, where the Barecon serves to protect both parties' interests. These examples illustrate the versatility and necessity of the Barecon in maritime agreements.

Quick guide on how to complete barecon 2017 sample

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  5. Review all the details and press the Done button to save your modifications.
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