A contract made between a ship owner and a merchant for the carriage of cargo is

Assessment: WAEC SSCE - Commerce - 2013 (Objective) Subject: Commerce

Question 1 Report

A contract made between a ship owner and a merchant for the carriage of cargo is
Answer Details
A contract made between a ship owner and a merchant for the carriage of cargo is known as a "charter party." A charter party is an agreement between the two parties that sets out the terms and conditions of the cargo transportation, including the type and quantity of goods to be transported, the route to be taken, the freight charges, and the responsibilities of each party. The ship owner agrees to provide the ship and crew to transport the cargo, while the merchant agrees to pay the agreed-upon freight charges and take responsibility for the cargo. In other words, "charter party" is the correct answer.

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning