Glossary

Demise Charter

Also called a bareboat charter in which the bare ship is chartered without crew with the charterer, for a stipulated sum, taking over the vessel with a minimum of restrictions. See also Bareboat Charter.

DNV

Det Norske Veritas 

DOC

Document of Compliance 

Documentation Agency

A firm that provides assistance to an owner or an owner’s representative in respect to the gathering and submission of all supporting documentation and necessary forms to register a vessel and to maintain its registration.

DWT

Deadweight tonnes (DWT) is a measure of the total weight that a vessel can carry when loaded down to its marks, including the weight of cargo, fuel, stores, water ballast, fresh water, crew, passengers and baggage. See also GT.