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Under what forms of contract do most merchant ships trade?

(1) Liner vessels trade on liner terms, also called bill of lading terms.ย 

The carrier’s standard terms and conditions are stated in his bill of lading (or similar document, such as a sea waybill) which he issues to each shipper of goods carried. (2) Bulk carriers and tankers generally trade on charter party terms, whether a bill of lading is issued to the shipper or not. (3) Passenger ships carry passengers on the carrier’s standard terms and conditions, which are usually available from the carrier’s offices or from his website. (The passenger ticket should mention this. )

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