Q. No. 3: Fine Textiles ( F) imports textile machinery from a German company (G). G loaded the machinery on the ship named s. s. Karachi and delivered all necessary shipping/import documents to B Bank for payment and thereafter delivery to F. F, after payment, collected the documents from B Bank. Answer the following questions:

i) Through which main document, F can take delivery of the machinery from the shipping company at Karachi ? Why?

ii) While the ship is on its way in the sea, F wants to sell the machinery to H. Can F do so? What shall be the main process of transfer of ownership of machinery from F to H?

iii) Is the above case a charter party or general cargo? Reason?

iv) What is meant by charter by demise?

v) What are the characteristics of the main document by which F can take delivery of of the machinery?