Contract of Carriage | Shipping Term Explained | Logistics Glossary
GLOSSARY
Contract of Carriage
In order for cargo to be transported, there has to be a negotiated contract where the terms of the trade are clearly stated.
What is meant by a contract of carriage?
A contract of carriage defines the terms, conditions, duties, liabilities, and trading parties’ rights. The most common types of these contracts are:
- Bill of Lading (BoL)
- Sea waybill
- Air waybill
- Charter party
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