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A bareboat charter, or demise charter, is an arrangement for the chartering or hiring of a ship or boat for which no crew or provisions are included as part of the agreement. Instead, the people who rent the vessel from the owner are responsible for taking care of such things and (for commercial shipping) obtaining insurance, usually for a ...
In commercial demise chartering, a subtype of bareboat chartering, the charter period may last for many years and may end with the charterer acquiring title (ownership) of the ship. In that case, a demise charter is a form of hire-purchase from the owners, who may well have been the shipbuilders. Demise chartering is common for tankers and bulk ...
In a demise (or bareboat) charter, the charterer takes responsibility for the crewing and maintenance of the ship during the time of the charter. S/he assumes the legal responsibilities of the owner, and is known as a disponent owner.
The demise charter is the least used in the tramp trade. [1] The ship owner only provides a ship devoid of any crew, stores, or fuel. It is the charterer's responsibility to provide everything the ship will need.
A Temple University student died after climbing and then falling from a pole in Center City while crowds were celebrating the Philadelphia Eagles' win in the NFC championship Sunday night, sources ...
Two students were fatally shot Monday afternoon at a charter school in Des Moines, Iowa, that is tailored for disadvantaged youths and has close ties to police, authorities said.
U.S. President Joe Biden and Egyptian President Abdel Fattah El-Sisi discussed negotiations for a ceasefire and hostage release deal in Gaza on Tuesday and agreed to remain in close coordination ...
The contract under which a ship is so let may be called a charterparty—but it is not, properly speaking, a contract of affreightment, and is mentioned here only to clarify the distinction between a charter-party of this kind, which is sometimes called a demise of the ship, and a charter-party that is a contract of affreightment. [2]