Previous year MCQs

Misc UPPSC 2006 GS-I
Question

If complete ship is hired, the Shipping Company issues

Answer & Solution

Answer: (Detailed Solution Below)

Option B: Charter Party

Detailed Solution:

The correct answer is “Charter Party”.
If a complete ship is hired, the Shipping Company issues a: (2) Charter Party. A Charter Party is a contractual agreement between the shipowner and the charterer specifying the terms and conditions under which the ship is hired.

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