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Sunday, 28 August 2011

Difference between charter party and bill of lading

We can distinguish the charter party from the bill of lading from the following facts :


1. Contract And Evidence :-

Charter party : Charter party is a contract between the ship owner and shipper about hiring the ship.

Bill of Lading : Bill of lading is an evidence of receiving the goods.



2. Transferable :-

Charter party : Charter party is not transferable.

Bill of Lading : A bill of lading can be transferred by endorsement and delivery.



3. Title To The Goods :-

Charter party : Charter party is not a document which declares the title of the goods.

Bill of Lading : A bill of lading is a document which declares the title to the goods specified.



4. Drawn In Sets :-

Charter party : A charter party is not drawn in sets.

Bill of Lading : A bill of lading is drawn in these sets.



5. Leasing Of Ship :-

Charter party : A charter party may be for amount to a lease of the ship.

Bill of Lading : Such type of intention is not conveyed in the bill of lading.



6. Particular Destination :-

Charter party : A charter party may be for the particular voyage.

Bill of Lading : A bill of lading is related with the particular destination.



7. Case Of Freight :-

Charter party : In case of charter party the freight is usually paid when the ship reaches to the port.

Bill of Lading : The freight is to be paid in advance, in case of bill of lading.

4 comments:

Anonymous,  30 January 2012 at 09:21  

Its a awesome effort by you .Im a bcom student and find it immensly helpful

Anonymous,  31 December 2012 at 08:39  

thanks a lot
it helps me a lot
short & sweet

shiraz altaf 13 June 2016 at 13:56  

I got 65 marks in B. Law

Ndi Kadiri 6 November 2016 at 20:53  

Enter your comment...am a logistics student i found it very helpful

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