Understanding Liner Terms: A Comprehensive Guide

Liner Terms are the terms and conditions that govern the carriage of goods by sea. They are set out in a document called a bill of lading, which is issued by the shipping company.

Liner terms typically include the following information:

* The names of the shipper and the consignee

* The description of the goods being shipped

* The weight and volume of the goods

* The port of loading and the port of discharge

* The freight rate

* The demurrage rate (the charge for keeping the ship waiting)

* The laytime (the time allowed for loading and unloading the ship)

* The general average contribution (the share of the costs of a general average loss that is payable by each shipper)

Liner terms can be either mandatory or non-mandatory. Mandatory terms are those that are required by law, while non-mandatory terms are those that are agreed upon by the shipper and the shipping company.

It is important to note that liner terms can vary from one shipping company to another. Therefore, it is important to carefully read the bill of lading before signing it.