Registry: Demise (Bareboat) Charter Register

Demise Charter Registration is available in the Isle of Man and provides a flexible and attractive package including a number of advantages:

• Mortgaging facilities.
• The possibility of taking advantage of other national laws which may permit tax advantages.
• A renewable five year registry period.
• Security of title and charges registered in the Isle of Man with operational jurisdiction elsewhere (Demise OUT). This option allows owners to take advantage of the security of title registration in the Isle of Man while operating the ship under another flag to suit local requirements or specific charter requirements.
• The option to retain registry of title and charges in a chosen jurisdiction other than the Isle of Man with the ship flying the Isle of Man flag and certificated as an Isle of Man ship (Demise IN). This allows owners to satisfy any demands from finance lenders as to registry of title and charges but still enjoy the benefits of flying the Isle of Man flag.