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Version date: 22 November 2021 - onwards
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697A. Interpretation (Part 24A).

(1) In this Part and in Schedule 18B -

"bareboat charter terms" in relation to the charter of a ship, means the letting on charter of a ship for a stipulated period on terms which give the charterer possession and control of the ship, including the right to appoint the master and crew;

"chartered in" means - (a) in relation to a single company, the letting on charter of a ship to the company otherwise than on bareboat charter terms, and (b) in relation to a group of companies, the letting on charter of a ship otherwise than on bareboat charter terms to a qualifying company that is a member of the group by a person who is not a qualifying company that is a member of the group;

"company election" have the meanings respectively assigned to them by section 697D(1);

"group election" have the meanings respectively assigned to them by section 697D(1);

"commencement date" means the date of the passing of the Finance Act 2003;

"control" shall be construed in accordance with subsections (2

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