Kostadinov O. – SOME ASPECTS OF THE MODEL OF INTERRELATIONSHIP BETWEEN CONTRACTS OF SALE OF GOODS AND CONTRACT OF CARRIAGE BY SEA, ALSO THE ROLE OF BILL OF LADING IN INTERNATIONAL TRADE
SOME ASPECTS OF THE MODEL OF INTERRELATIONSHIP BETWEEN CONTRACTS OF SALE OF GOODS AND CONTRACT OF CARRIAGE BY SEA, ALSO THE ROLE OF BILL OF LADING IN INTERNATIONAL TRADE
Kostadinov O.
Ph.D., Guest lecturer of the Department
“Operation and Management of Merchant fleet”
Nikola Vaptsarov Naval Academy
Varna, Bulgaria
ORCID ID: 0000-0002-9183-5243
Study in Support of International Trade and Maritime Commercial Practice
Abstract
This article examines the model of a chain of commercial contracts for the international purchase and sale of a commodity that is transported by waterborne transport provided by an intermediary trading company that purchases the traded commodity from its exporter and accordingly resells the commodity to the importing buyer. On the other hand, the intermediate trading company concludes the charter for the carriage of the goods with a company that is not the actual owner of the ship. In this scenario, a series of contracts govern both the purchase and sale of the goods, as well as the carriage of the traded goods, for which the carrier issues a bill of lading. The transport document is used when paying for the goods, which is done with a transferable letter of credit, and also end-buyers receive the goods from the carrier.
Keywords: Purchase and Sale Contract; Charter party; Chain of commercial contracts for sale of goods and maritime transport services; Bill of lading
