Shipping Lawyer Bills of Lading and Charter Parties

Question 1

Which of the following is NOT a primary function of a bill of lading?

Accepted Answer

A warranty of cargo seaworthiness

Answer

A receipt for goods shipped

Answer

Evidence of a contract of carriage

Answer

A document of title

Question 2

What is a 'negotiable' or 'order' bill of lading?

Accepted Answer

A bill that can be transferred by endorsement, with title passing to the holder

Answer

A bill that can be negotiated only between banks

Answer

A bill issued at the carrier's discretion

Answer

A non-transferable receipt

Question 3

What distinguishes a 'straight' bill of lading from an 'order' bill of lading?

Accepted Answer

A straight bill is consigned to a named party and is non-negotiable

Answer

A straight bill allows any bearer to take delivery

Answer

A straight bill requires payment before release

Answer

A straight bill is only used in domestic trade

Question 4

What is a 'charter party' in shipping law?

Accepted Answer

A contract for the hire of a vessel or its cargo space

Answer

A government license for a shipping route

Answer

A customs clearance document

Answer

An insurance policy for a voyage

Question 5

Under a bareboat (demise) charter, who is responsible for operating the vessel?

Accepted Answer

The charterer, who takes full possession and control

Answer

The shipowner, who retains operational control

Answer

The flag state

Answer

The classification society

Question 6

What is 'laytime' in a voyage charter party?

Accepted Answer

The agreed time allowed for loading and discharging cargo

Answer

The total transit time of the voyage

Answer

The time a vessel spends in port waiting for cargo

Answer

The time allowed for the captain's rest