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MSC Academy > Contracts > Flashcards

Contracts Flashcards

(10 cards)

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1
Q

What are the type of contracts at MSC?

A

Service contract, documentation agreement, terminal services agreement, IT agreement, logistics agreement

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2
Q

Legal traditions

A

Common law & civil law

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3
Q

Service contract

A

Govern relationship between MSC and customers for length of time (tenders, NDA)

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4
Q

Documentation agreement

A

Governs each exchange with customer (Bill of Lading)

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5
Q

Terminal services agreement

A

With every terminal we do business with, rates, charges, liability & notice agreements

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6
Q

Logistics agreement

A

Every location outside terminal (rails) governs per diem and rail rates

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7
Q

Common law

A

Developed in England
Not codified so arguments on precedent

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8
Q

Civil law

A

Continental Europe
Judge is active in process, decision decided by applying code created by legislation

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9
Q

Key elements of contract

A

Offer, acceptance, consideration, meeting of minds

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10
Q

Ways contract is not enforceable

A

Capacity, lawful purpose, form of contract

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