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level: Principles

Questions and Answers List

level questions: Principles

QuestionAnswer
what is a charterparty?a contract for use of a ship, it does not need to include the carriage of goods
what is a voyage charterparty?usually under contractual terms, the path the ship will take, how long it will remain in the port for unloading/loading, and if the services are required
what is a time charterparty?this is an agreement of the time the ship is needed and will be discharged from the organisers services.
what is a bareboat charterparty?a bareboat charterparty is not a contract for services but rather a contract for the hire of the ship itself. The charterer has possession of the ship, employs the master and crew, enters into contracts of carriage and for most purposes is the equivalent of owner of the ship during the duration of the charterparty
what is a bill of lading?it can act as a receipt, evidence of carriage and as a proof of title of ownership
what is the main legislation for carriage of goods?Carriage of Goods by Sea Act 1971
how can the bill of lading be used as a document of title?it can only be transferred once, by physical handing over to the named consignee, who can then sue on it, though the reason in English law for the right to sue is that the document must rank as a non-negotiable sea waybill for the purposes of the Carriage of Goods by Sea Act 1992.
what is a straight bill of lading?bill of lading is made out to the consignee, only they can receive the goods