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124

Article 124

Des Affrétemens, Nolissemens, Chartes-parties

Commercial Law
Titre II: Des Navires et autres Bâtimens de mer (On Ships and Other Seagoing Vessels)
Chapitre VI: Des Affrétemens, Nolissemens, Chartes-parties (On Chartering, Freighting, and Charter Parties)

Le navire, ainsi qu'il se poursuit et comporte, le fret, sont affectés au payement des conventions des parties.

Life lesson: The ship and its freight are the collateral for every deal made under the charter.
Notes: Charter security: vessel (as-is) + freight secure all contractual obligations between parties. Real security interest backing commercial agreements.
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