Financial Transactions
Financial transactions refer to the exchange of money or assets between two or more parties. In the maritime context, financial transactions can include the buying and selling of ships, the payment of port fees and tariffs, the financing of vessel construction or repair, and the transfer of ownership of vessels. These transactions can involve various financial instruments such as letters of credit, bills of lading, and insurance policies. The maritime industry relies heavily on financial transactions to facilitate the movement of goods and people across the world's oceans.
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