Most of Countries has a lot of idle resources which are mot utilized for various reasons. With no water available in certain lands, they remain un utilized. Disputed lands also remain un utilized. Natural resources can't be extracted due to lack of advance technology. Due to unemployment, human resources remain un utilized.
Sunday, March 14, 2010
Contract Of Affreightment
A contract of carriage of goods by sea is called as contract of affreightment. It is a contract by which a shipowner under takes to carry the goods of another in consideration of a price called "Freight". A contract of affreighment may take the form of charter party; or a bill of lading. The rights and liabilities of powers to such a contract are ground by the carriage of goods by Sea Act 1995 and the Bill of Lading Act 1856.
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