Demise Charter

Also called bareboat charter in which the bare ship is chartered without crew; the charterer, for a stipulated sum, taking over the vessel with a minimum of restrictions usually for 10 or more years.

This is not really a contract for the carriage of goods by sea. The ship is hired, or “leased”, by the charterer for an agreed period and the charterer has complete control over the ship and complete responsibility for its operation, including the appointment of the master. and crew, maintenance, insurance, etc.