A person who becomes the lawful holder of a bill of lading1 may, by virtue of becoming the holder of the bill, assert contractual rights against the carrier2. The original contract between the shipowner and the shipper, whether expressed in a charterparty3 or otherwise4, is not transferred with the bill of lading, except in so far as it is incorporated in it5. As against the holder, the shipowner may not rely on any terms of the original contract which are not incorporated in the bill of lading6, as the holder is not an assignee of the original contract and
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