Question

Neha, an exporter, entered into a contract for rent of the whole ship to export goods with shipping company. Name the contract entered by Neha.

Answer 1

Logistic service agreement

Explanation:

• Logistic service agreement is the agreement or contract which is to be made among the Seller and the Buyer, in relation to the provision of the international and domestic freighting services of the business.

• In short, it is the agreement in which the goods provider of the goods agreed to pay some amount to the service provider for the goods and in turn, the service provider will agree to deliver the goods to the goods provider.

• Therefore, the contract which is entered by Neha, is the logistic service agreement.