Question
Q. No.: Fine Textiles ( F) imports textile machinery from a German company (G). G loaded the machinery on the ship named s. s. Karachi
Q. No.: 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?
Note: Answers should be in detail with 0% copying from internet sources
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