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To incorporate into the terms of any bill of lading issued under the charter party the provisions of a specified liability convention governing bills of lading, e. g. the Hague-Visby Rules, or specified national legislation, e. g. the US Carriage of Goods by Sea Act, 1936. The Rules as drafted do not apply to charter parties, but are given contractual force by the Clause Paramount.

The carrier has a possessory lien on goods in his possession for unpaid freight, general average charges and money spent in protecting the cargo (sometimes called particular charges or special charges). "Possession" includes actual possession, e. g. when the goods are still on board the ship, as well as constructive possession, e. g. when the goods have been discharged but have not yet been delivered to the receiver. In this case the ship's agent may be instructed to exercise the lien on the carrier's behalf after the ship has sailed.

Sovereign rights for the purpose of exploring and exploiting, conserving and managing the natural resources, whether living or non-living, of the waters superjacent to the sea-bed and of the sea-bed and its subsoil, and with regard to other activities for the economic exploitation and exploration of the zone, such as the production of energy from the water, currents and winds.

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