Question
Normally oral agreement are binding on the ship owners and the charterers who negotiate and fix vessels.
Answer :
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Normally oral agreements are binding on the ship owners and the charterers who negotiate and fix vessels. But it is commercially prudent and a legally desirable to produce documentary evidence at the time of dispute between the two parties. Since the terms and conditions for the tramp fixation are not legally given under natural laws the world over unlike a liner bill of lading, it is a universal practice
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