THE CONTRACTUAL RELATIONSHIP BETWEEN THE SHIPOWNER AND THE SHIPMANAGER. 2.1 General Description of The Contracts and Their Purpose In this field there is freedom of contract and thus it is important to describe the contract and not the law. If the contract gives rise to any doubts concerning content or scope it may be supplemented with law. The management agreements govern the relationship between the shipmanager and the shipowner. The shipowner may agree with a particular ship management company that the manager will take on the duty of xxxxxxx the vessel, the technical supervision of the vessel already from the start of a new-building project, etc. The terminology is, however, not very precise, and it will be up to the parties to set the frame of their relations. The various terms and conditions it contains determine the roles and responsibilities of the respective parties. What is headed a management agreement may therefore embrace a large number of functions as well as a limited number of them7. A management agreement is normally a part of a big and complex documentation, for example together with charter parties, pool agreements and financing documents. It is best if the same parts draft all the documents and by that make sure of the context. If one must only make the management agreement, it is important to be aware of the other documents. Often it will be suitable to make a framework agreement, which in overall describes the content of the contract, its purpose, and its agreements of choice of law and governing law.
