What are the traditional forms of employment for most merchant ships?

(1) On liner services (in the case of most containerships, deep-sea ro-ros and multi-purpose ships): or (2) in the voyage and time charter markets (in the case of containerships, oil tankers, dry bulk carriers, chemical tankers, LPG and LNG carriers, offshore supply vessels, etc. ).

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Under what forms of contract do most merchant ships trade?

Who is the ship’s agent’s principal?