The invention relates to flexible risers for transfer of hydrocarbons between a sea bed installation and a vessel (10) floating at the sea surface. The riser (18) is provided with means (20) for protecting the riser (18) from impacts. The protection means (20) covers at least the upper part of the riser (18) and is retractable to an inactive position. When in operation, the riser protection means (20) is either suspended from the vessel (10) or from a submerged turret buoy, forming part of a mooring system for the vessel (10).