Importance Of Keeping Records During Ship Charter Negotiations

Record of all offers, bids and counter-offers and the times when they are made should be maintained. This is important because, in the event of a dispute, the courts may have to decide on what the intention of the parties was at the time when the contract was agreed. The record of times is important if either party considers that a counter-offer was out of time. It is good practice to log all telephone calls and many offices have telephone monitoring equipment that is used for this purpose