Bareboat charter cum demise: ownership transfer intent defines tax classification under section 115V(b) for shipping companies. For purposes of the income tax provision governing shipping companies, bareboat charter cum demise is defined as a bareboat charter in which the arrangement contemplates transfer of ownership of the ship to the chartering company after a specified period, identifying the intended post charter transfer of title as the key characteristic distinguishing it for fiscal classification under the special provisions relating to income of shipping companies.