Who is a ship’s agent’s principal?

The party who appointed the agent and will be paying the agency fee. If the shipowner will be paying the agency fee, the owner is the agent’s principal, regardless of whether the charterer or another party nominated the agent. Note: Nominating an agent means naming the agency firm to be used; this is not the same as appointing the agent. (See notes on Agents under VOYAGE CHARTERS and TIME CHARTERS in Section F. )

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