An Analysis of Contract Law in Terms of Shipping

Nowadays, transportation is a crucial part of commerce; even we cannot imagine trade or business without transportation facilities. But it is also very important to ensure that this facility does not cause any harm or damage to the dealing parties (buyer and seller), so we require some laws regarding the proper functioning of this facility. This paper deals with the laws or legislations under which parties abide while making contracts related to shipping or transportation. This paper is also talking about the role of negotiable instruments used while making shipping contracts and also what types of agreements made between the parties (buyer and seller) in this transaction. In this paper, the remedies both parties have in case of any breach of contract or its conditions are also mentioned.