Examples of Demise charter in a sentence
Provisional and full registration; Registration of mortgages on full and provisional registration; and Demise charter registration.
Demise charter a contract between a vessel owner and a charter where the charter takes over the use, operation (including supplying a crew), and navigation of the owners vessel.
Demise charter means a legally binding document for a term of one year or more under which for the period of the charter, the party who leases or charters the vessel, known as the demise or bareboat charterer, assumes legal responsibility for all of the incidents of ownership, including insuring, manning, supplying, repairing, fueling, maintaining and operating the vessel.
Demise charter – a contract between a vessel owner and a charter where the charter takes over the use, operation (including supplying a crew), and navigation of the owner’s vessel.