The Charter Industry and Bareboating
The Charter Industry
The charter boat industry had its beginnings in the Mediterranean and Caribbean in the early 1970s. Since then, the industry has expanded, with charter fleets successfully operating from some of the world’s most beautiful sailing grounds. The charter boat industry is very strong in Australia – especially in Sydney and the Whitsundays, North Queensland – and it is now experiencing strong growth in the Asia Pacific region. The majority of boats in the charter fleets are not owned by the charter operators but by private investors. This allows owners to operate their boats as a business to generate an income, while also enjoying regular holidays on their own or similar vessels. Most often, charter vessels are hired for sailing holidays from five to 14 nights (less than five nights is not cost-effective in terms of boat turnaround costs etc.). A common term for this is ‘bareboat charter’, which simply means chartering a boat without a crew.