ELI5: Explain Like I'm 5

Bareboat charter

A bareboat charter is like when you go on a vacation and rent a car to drive around in. But instead of renting a car, you rent a big boat! And instead of the people who rent the car being called renters, they're called charterers.

When you do a bareboat charter, you're basically taking control of the boat for a certain amount of time. The boat belongs to someone else (usually a company that specializes in renting boats), but you get to use it as if it were your own.

But just like when you rent a car, you have to take care of it and make sure nothing bad happens. That means you have to be responsible for things like fuel, maintenance, and any accidents that might happen. It's like being a captain of your own ship!

Usually, the boats you can rent for a bareboat charter are pretty fancy and can do things like sail or cruise on the water. So it's a pretty fun way to spend a vacation if you like being on the water!