ABSTRACT
In this chapter, we shall consider the general nature of charterparties and matters common to all types of charterparty, on both the time and voyage formats.
Charterparties differ from bill of lading contracts in two important respects. Firstly, they are not subject to the mandatory application of the Hague and Hague-Visby Rules. Secondly, they are not subject to the statutory assignment contained in the Carriage of Goods by Sea Act (COGSA) 1992 . Theoretically, they are classifi ed as a contract for the use of the vessel, as opposed to the bill of lading, which is classifi ed as a contract for the carriage of goods.
