Question 3035 Deck General

The correct answer is C) Fixture. A fixture is a negotiated charter contract between a vessel owner and a charterer that specifies the terms and conditions of a vessel's use, including the duration, cargo, and compensation. This is the defining characteristic of a negotiated charter, which is different from a bill of lading (a contract of carriage) or a conference agreement (an agreement between shipping lines on pricing and services). The other options are incorrect because a bill of lading is a contract of carriage, and a conference agreement is an agreement between shipping lines, neither of which represents a negotiated charter contract between a vessel owner and a charterer.