How Do You Spell DEMISE CHARTER?

Pronunciation: [dɪmˈa͡ɪz t͡ʃˈɑːtə] (IPA)

The correct spelling of the phrase "demise charter" is /dɪˈmaɪz ˈtʃɑːtə/. "Demise" means the transfer of property or land from one person to another after the original owner's death. Meanwhile, a "charter" is a legal document that grants certain rights, privileges, or powers to an individual or group. Therefore, a "demise charter" refers to a lease agreement that transfers the ownership of a property to the lessee or tenant for a specified period.

DEMISE CHARTER Meaning and Definition

1. Demise charter refers to an agreement or contract in the maritime industry where the owner of a vessel temporarily transfers possession and control of the ship to another party, known as the charterer, for a specific period of time. The charterer assumes complete responsibility for the operation and management of the vessel during the lease period, essentially taking on the role of the owner.

   This type of charter arrangement is different from time charter and voyage charter. While time charter and voyage charter involve the owner providing the vessel and crew, demise charter shifts the responsibility of crewing and maintenance to the charterer. Under a demise charter, the charterer has the right to direct the ship's movements, determine the cargo to be carried, and cover the expenses related to the vessel's operation and upkeep.

   The demise charter agreement grants the charterer extensive control over the vessel, often compared to owning the ship for the duration of the charter. It is typically a long-term arrangement, ranging from several months to multiple years. The lease period, terms, and conditions are outlined in a formal contract called the demise charter party.

   In conclusion, a demise charter is a contractual agreement in the shipping industry where the owner leases a vessel to a charterer for an extended period, transferring control and operational responsibilities to the charterer.

Common Misspellings for DEMISE CHARTER

• semise charter
• xemise charter
• cemise charter
• femise charter
• remise charter
• eemise charter
• dwmise charter
• dsmise charter
• ddmise charter
• drmise charter
• d4mise charter
• d3mise charter
• denise charter
• dekise charter
• dejise charter
• demuse charter
• demjse charter
• demkse charter
• demose charter
• dem9se charter

Etymology of DEMISE CHARTER

The term "demise charter" combines two words: "demise" and "charter".

The term "demise" originated from Old French "démettre", which meant "to dismiss" or "to put away", and it later evolved to mean "to transfer by lease", or "to convey" in the legal context. Over time, "demise" started to refer specifically to the transfer or conveyance of property or a leasehold interest.

"Charter" can be traced back to Latin "charta", meaning "paper" or "papyrus". In medieval Latin, "charta" was widely used to denote a written document or contract. Hence, "charter" came to represent a document or grant that provided certain rights, privileges, or obligations to an individual or group.