174. Rules of construction of charterparty.

Like any other commercial document1, a charterparty must be construed so as to give effect, as far as possible, to the intention of the parties as expressed in the written contract, that is, what a reasonable person with all the background knowledge which would reasonably have been available to the parties in the situation in which they were at the time of the contract, would have understood the parties to have meant2. Specific examples of cases interpreting charters are many, but are often of limited use except in cases involving similar or identical forms3. The legal effect of the