MS Act 16Chapter III · Registration of Vessels
Section 16 · Registration of Indian chartered foreign vessels
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Any foreign vessel chartered on a bareboat
charter-cum-demise contract by an Indian charterer may be registered under this Part in such manner
and subject to such conditions as may be prescribed.
Explanation.---For the purposes of this section, "bareboat charter-cum-demise" means a bareboat charter where the ownership of the vessel is intended to be transferred after a specified period to the charterer to whom it has been chartered.
Explanation.---For the purposes of this section, "bareboat charter-cum-demise" means a bareboat charter where the ownership of the vessel is intended to be transferred after a specified period to the charterer to whom it has been chartered.
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