Contracts

Question 1

What are the type of contracts at MSC?

Answer 1

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

Question 2

Legal traditions

Answer 2

Common law & civil law

Question 3

Service contract

Answer 3

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

Question 4

Documentation agreement

Answer 4

Governs each exchange with customer (Bill of Lading)

Question 5

Terminal services agreement

Answer 5

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

Question 6

Logistics agreement

Answer 6

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

Question 7

Common law

Answer 7

Developed in England
Not codified so arguments on precedent

Question 8

Civil law

Answer 8

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

Question 9

Key elements of contract

Answer 9

Offer, acceptance, consideration, meeting of minds

Question 10

Ways contract is not enforceable

Answer 10

Capacity, lawful purpose, form of contract