ABSTRACT
This chapter shows how chartering business is related with the international laws and practices of sales of goods and their transport by sea. Many difficulties and disputes that arise in international trade law and practice may be explained by a lack of synchronisation between sales contracts, financing contracts, contracts of carriage and insurance terms and conditions. A bill of lading which gives description of the goods which is not in conformity with the provisions of the letter of credit, or a bill of lading with remarks making it unclean will not be accepted by the bank. The sales contract stipulates the object of the agreement the price, the method, the terms and the conditions of payment, the means of transport and the delivery, the risk distribution between the parties which in turn affects also the insurance of goods, the financing of the purchase.
