301. Freight terms.

A voyage charterparty may contain various terms as to freight. The term may provide for the payment of a lump sum as freight1; that is, a fixed sum payable irrespective of the quantity of cargo put on board2 or delivered3. Otherwise the charterparty will specify the rate at which the freight is payable, and the unit of weight or measurement on which the amount payable is to be calculated4. Different rates of freight may be specified for different kinds of goods, or where the charterer has the option of ordering the ship to ports in different areas5. In the