In this paper, heat transfer characteristics of a loop type capillary heat pipe were experimentally investigated for the effect of several fill charge ratios of working fluid and heat loads. This type of heat pipe consists of a heating section, a cooling section and an adiabatic section. The heat pipe used has a 0.002m internal diameter, a 0.34m length in one turn and consists of 19 turns. Heating and cooling sections each have a length of 70mm. Experiments were performed to measure the temperature distributions and the pressure variation of the heat pipe. Heat transfer performance, effective thermal conductivity, boiling heat transfer and condensation heat transfer coefficients were calculated for various operating conditions of heat pipe and it was found that heat transfer characteristics of this type heat pipe were very excellent. As shown by this experimental study, this type of heat pipe operates by oscillatory flow caused by pressure and temperature oscillations.