The Container Yard (CY) is a location on the vessel where goods are stored.
The contract of affreightment is the first contract in International Trade.
There is only one function of the bill of lading.
Transshipment is the movement of cargoes from origin to final destination by the use of several modes of transportation.
The bill of lading is a contract between the buyer and the shipper.
Within the category of ‘’Providers of transport services” under the maritime transportation chain one would locate ship-owners, exporters and importers.
The other name given to the contract of sales is bill of lading.
There are three types of charterparty.
There are two types of contract used to transport goods by sea. These are contract of affreightment and contract of charterparty.
The difference between Multimodal and Intermodal transportation is that multimodal is under several contracts while intermodal is under one contract.
