Question 2963Deck General70% to pass
The S.S. Slip Knot has been chartered to the Longline Steamship Company. The Longline Steamship Company agrees to pay all expenses and employ and pay the crew. Which type of contract is involved?
AI Explanation
The correct answer is B) Bareboat Charter Party.
In a bareboat charter party, the charterer agrees to pay all expenses and employ and pay the crew, while the owner provides the vessel without any crew or supplies. This matches the scenario described, where the Longline Steamship Company is responsible for all expenses and the employment of the crew.
The other options are incorrect because: A) a lease charter party involves a long-term rental of the vessel, C) a time charter party involves the charterer paying for the vessel and crew for a set period of time, and D) a voyage charter party involves the charterer paying for a single voyage.
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