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A written agreement for hiring a ship for transporting goods is a?

Commerce
JAMB 2007

A written agreement for hiring a ship for transporting goods is a?

  • A. consular invoice
  • B. bill of lading
  • C. charter party
  • D. certificate of origin
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Correct Answer: Option C
Explanation

A charter party is simply a deed between a shipowner and a trader for the hire of a ship and the delivery of cargo. That is, it is an agreement between the owner of a ship and a trader who intends to use the ship for the transportation of his/her goods.

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