The Legal Risks Of Using Bareboat Charter Registration In Shipping Finance Lease

Shipping finance lease is very complex, because it not only contains the general characteristic of finance lease, but also with the particularly of the ship itself.In practice, although shipping finance lease has its own contract, but the parties will also sign a bareboat contract, and register the bareboat charter, just because they want to public their rights and the registration. Though these two types of lease have many similarities, and using bareboat charter registration is very useful at the present stage of no registration system of shipping finance lease, there still exist substantial differences among them. If simply to copy the registration system, it will impede development of the shipping finance lease industry, and create legal risks.Therefore, how to speeding up the completion of the shipping finance lease system has become an important subject.Some studies had theoretical and empirical research on how to establish the shipping finance lease system, but no further refining study of the legal risks and the source of the risks.In addition, besides the registration system of shipping finance lease, we have other methods to adequate development needs of the shipping finance lease industry, such as arrange the contract terms reasonably, improve and perfect the bareboat charter registration and so on. This paper attempts to give an analysis of these issues.