Document background
The Shipping Contract Agreement serves as a fundamental legal instrument in Indian maritime commerce, establishing the contractual framework for the transportation of goods by sea. This document is essential when parties need to formalize their shipping arrangements, whether for single shipments or ongoing transportation services. It incorporates requirements from Indian maritime law, including the Carriage of Goods by Sea Act and the Merchant Shipping Act, while addressing practical commercial aspects such as freight rates, service levels, and risk allocation. The agreement is particularly crucial in international trade, providing clarity on responsibilities, liabilities, and operational procedures while ensuring compliance with both Indian and relevant international shipping regulations. It protects the interests of both carriers and shippers by clearly defining terms for cargo handling, documentation, insurance, and dispute resolution.
