Which of the following is not a characteristic of Charter party?

Commerce

WAEC 1997

A. It is a contract for carriage by sea
B. Its document shows freight charges and destination
C. There are time, voyage and charter by demise
D. The whole or part of a ship is leased
E. An association of ship owners

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Correct Answer: Option E

Explanation

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Which of the following is not a characteristic of Charter party?

Correct Answer: Option E

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