Establishing Stabilization Fund while Purchasing Ships under the Bareboat Charter Conditions
Journal Title: Бізнес Інформ - Year 2015, Vol 3, Issue 0
Abstract
Bareboat charter is a form of long-term renting of ships, which, in most cases, presumes transfer of ownership of the ship to the renter at the end of rental period. This article presents an analysis of gathered practical experience as well as theoretical studies to address the issue of renewal of the national fleet using the long-term renting form. To ensure the obligations of bareboat charterer towards the ship owners has been proposed to establish stabilization fund, formation of which is related exclusively to commercial activities in maritime business and is aimed at ensuring payments covering the bareboat charter in the unfavorable market conditions. Also a scheme of formation of stabilization fund has been proposed, providing models of financial resources of stabilization fund as well as sources of their accumulation.
Authors and Affiliations
Nadiia Sudnyk
Keywords
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