The recitals contextualise the agreement and act objectively on the basis of the contract. Seven recitals describe what is needed and what events took place. In accordance with the MS Act 1958, the master of any Indian ship, with the exception of a domestic trading vessel of less than 200 TJR, enters into an agreement with any seafarer employed and carries at sea as a member of his crew. For example, the content of the contractual items of the Standard Building Contract (SBC) YCW is explained below. b. After the first three original copies have been taken on board the ship, two original copies are kept by the employer/employer representative. The 4th and 5th original copies would not be signed by the master or by sailors on board the ship. The 4th original is kept by the employer/employer representative. The last, the 5th.
Original copy, is transmitted by the representative of the employer/employer at the earliest and, in any case, at the latest after 48 hours after the signing of the contract on land in India, in the office of the employer/employer representative, to the “Shipping Master” concerned for registration. This Agreement is based on Article VII, Section 1(i) of the Fund`s Articles of Agreement, which authorizes the Fund to borrow from Fund Members or other sources where it considers it appropriate to replenish its assets in a Member`s currency in the General Resources Account (GRA). By a Congressional Act of 1790, Articles of Agreement was a document required of any ship going to a foreign port and for any ship of 50 tons or more bound to each national port, except in a neighboring state. Fishermen were also required to sign navigation articles and were entitled to the same privileges and rules as seafarers. The document contained the signatures of the master and each crew member (or his mark) and was considered a separate contract for each person signing. It provided legal evidence not only of the nature and duration of the journey, but also of the obligations to be fulfilled and the wages due. A copy of the objects, certified by the collector, was to be taken by the master on board the ship and, if necessary, to be presented to any consul or commercial agent who was the subject of a complaint. As a new contractual item was required for each trip (and they were not recalled by customs), these documents are often found in maritime collections. They are one of the most valuable and comprehensive sources of research and provide important information on a wide range of maritime issues. The contract must contain the requirements for advances & allocation & other provisions not contrary to the law.
The master shall make available to the crew members a copy of the agreement. Any modification of a contract of occupancy is only valid if it is made with the agreement of all parties concerned and must be confirmed by the master of navigation in India or by an Indian consular agent outside India. Unless otherwise agreed between New Zealand and the Fund, all drawings, exchanges and payments of principal and interest shall be made under this Agreement at the exchange rates of the currencies concerned with respect to SDRs fixed in accordance with Article XIX,7(a) of the Articles of Agreement of the Fund and the rules and rules of the Fund under this Agreement, for the second working day of the Fund before the date of development of the transfer. Exchange or payment….