Demise charter

From WikiMD's Food, Medicine & Wellness Encyclopedia

 - 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. The level of control the demise charter is to the level that it is considered functionally equivalent to ownership, but title doesn’t change. Agencies such as the United States Navy’s Military Sealift Command often demise charter a vessel.


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