Why do shipowners routinely require that the time charter issue bills of lading on the vessel's behalf that contain certain minimum protective clauses?© BrainMass Inc. brainmass.com October 9, 2019, 11:06 pm ad1c9bdddf
Ship-owners routinely require that the time charter issue bills of lading on vessel's behalf that contain minimum protective clauses. Typically these clauses are Clause Paramount, both-to-blame collision clause, new Jason clause, US trade-drug clause and war clauses. These clauses make the charter party responsible for the related laws and ensure that the liability of the ship-owner is not unlimited.
Each of these clauses is related to a particular law or situation. The clause paramount ...
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