Table of Content Key Takeaways Absolute Operational Control: A bareboat (or demise) charter transfers full possession, command, and operational responsibility, including crewing, insurance, and maintenance costs, from the owner to the charterer. Legally, this grants the charterer the status of owner pro hac vice (owner for the time being). A Core Financial Instrument: In modern practice, bareboat charters function strictly as finance leases. Under accounting standards like IFRS 16 and US...

Table of Contents Key Takeaways Unprecedented Capacity Boom: The LNG industry is navigating its largest construction cycle in history. In 2025 alone, a record 83+ bcm/yr of new liquefaction capacity was sanctioned, with the United States driving over 90% of this growth. The Four Pillars of Infrastructure: Terminals act as the crucial hinges of the global LNG trade. They are categorized into four types: Onshore Liquefaction (export), Onshore Regasification (import), FSRUs (Floating Storage and...

Ravi Shankar FICS, Chief Commercial Officer, Shipfinex. Chairman, Institute of Chartered Shipbrokers, Middle East. How a ship actually changes hands Start with the transaction, because everything else follows from it. A vessel is sold. Brokers negotiate the terms. A Memorandum of Agreement is signed, most often on the Norwegian Saleform 2012, sometimes on Nipponsale or the Singapore Ship Sale Form. A deposit, conventionally ten per cent, goes into a joint account held by neither party alone....