Meaning & use
demise charter
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Meaning
nouncountablespecialist
A contract in which a ship's owner leases the empty vessel to someone else, who then supplies the crew and runs it.
Grammar: Countable: they signed a demise charter.
Patterns
- a demise charter of a vessel
- under a demise charter
The oil company took the tanker under a demise charter and hired its own crew.
Under a demise charter, the hirer is responsible for maintenance and insurance.
The shipowner agreed to a demise charter lasting five years.
Word forms
| plural | demise charters |
|---|
Common combinations
- under a demise charter
- The vessel operates under a demise charter.
- enter into a demise charter
- The firm entered into a demise charter with the owner.
- long-term demise charter
- A long-term demise charter suits a big fleet.
- demise charter party
- The demise charter party sets out the maintenance duties.
- terminate a demise charter
- The owner may terminate a demise charter if payments stop.
Synonyms and how they differ
- bareboat charter
- Bareboat charter is the usual everyday trade term for the same arrangement and is much more common than demise charter.
- hull charter
- Hull charter stresses that only the empty ship is hired, but it is rarely seen.
- lease
- Lease is general and can describe any property, whereas demise charter applies to ships.
Opposites
Word family
- charter verb
- to hire a ship, plane or bus
- charterer noun
- the person who hires the vessel
- charter party noun
- the written contract for a charter
- demise noun
- in law, a transfer of an estate by lease
Commonly confused: demise charter or time charter?
demise charter vs time charter
In a time charter the owner keeps control and supplies the crew while the hirer decides where the ship goes. In a demise charter the hirer takes over the whole operation.
Practice
Under a demise charter, who normally supplies the crew?
Choose one answer.
In a demise charter the hirer takes over the ship and crews it. Under a time charter the owner would provide the crew, which is the common wrong choice.
Make it your own
Write a sentence using “demise charter”, then check it and compare it with the examples above.