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ARTICLE · 26 MARCH 2024

BIMCO Charter Parties: The Gold Standard For Cargo Transportation

Cargo transportation involves the transfer of commodities from one location to another, serving as a vital component of the worldwide economy by enabling businesses...

IndonesiaTransport

INTRODUCTION

Cargo transportation involves the transfer of commodities from one location to another, serving as a vital component of the worldwide economy by enabling businesses to trade and exchange goods and services. Transporting these goods is generally made by air, ground, and sea transport, or a combination of these methods.

All Parties involved in transportation must be clear about their rights, obligations, and responsibilities and these are usually explicitly spelt out in a written contract. Sea transportation uses its own specialised terminlogy but essentially imports contract law principles to determines these rights, obligations and responsibilities. A charter party or charter is defined as a specific contract by which the owner of a ship lets the whole or principal part to another person for the conveyance of goods on a particular voyage to one or more places or until the expiration of a specified time.1 In accordance with Indonesian law, as stated in

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