In international trade, either party is responsible for paying all or part of the freight directly to the carrier and is responsible for organizing the carriage of the goods on the whole journey or each stage. entitled “transportation rights”. If the import and export goods are carried by sea, that right is called the “charter of the ship”
In international trade, exporters and importers wish to obtain “transport rights” or “charter rights” because the party to whom this right is conferred has the following advantages:
- The carrier has the right to choose the method of transportation, transport routes, transporters, … most benefit to themselves.
- When goods are transported by sea, they gain the right to charter ships for the use of domestic merchant ships, contributing to the development of the domestic maritime industry.
- Acquiring the right to hire a ship contributes to reduce or increase foreign currency revenue for the country
In fact international trade, developed economies, countries with strong merchant ships often gain the right to transport them. To ensure the interests of developing countries involved in the transport of their imports and exports.
In 1974, the United Nations adopted the “Convention on the Rules of Employment at Fair Charters.” Under this convention, the right to import and export of goods is divided between the exporting country, the importing country and the third country at the rate of 40/40/20
However, in practice international trade, the acquisition of transport rights is not easy and not always beneficial. Therefore, in certain cases, we can still transfer the license to the partner.