Shipping Contract
A shipping contract in the maritime context is a legally binding agreement between two or more parties that outlines the terms and conditions for the transportation of goods by sea. This contract typically includes details such as the type of goods to be transported, the expected delivery date, the agreed-upon price for the shipping service, and the responsibilities of each party. It also stipulates the procedures to be followed in case of loss or damage to the goods during transit. The shipping contract is crucial in international trade as it provides a framework for the resolution of disputes that may arise during the shipping process. It is governed by various international laws and regulations to ensure fair trade practices and the safety of goods and personnel involved in the shipping process. The two main types of shipping contracts are the charter party contract, which is a contract of hire of the ship, and the bill of lading, which is a contract of carriage of goods.
Your Previous Searches
Random Picks
- Propulsion Device: A propulsion device is a mechanism or system used to generate thrust to move a vessel through water. It can be a mechanical device such as a propeller, water jet, or paddle wheel, or a non-mechanical device such as a sail or kite. The choic ... Read More >>
- Mysticeti: Mysticeti is a suborder of cetaceans that includes baleen whales. These whales are characterized by having baleen plates in their mouths instead of teeth, which they use to filter small prey from the water. Mysticeti whales are also known f ... Read More >>
- Tank Top: In maritime context, the term 'Tank Top' refers to the inner bottom of a ship's hull, which is the lowest part of the ship's structure that supports the cargo. It is a flat surface that separates the cargo holds from the ballast tanks and p ... Read More >>
Top News
US ‘Secret War’ remembered as Secretary of Defense Lloyd Austin visits Laos...
Al Jazeera looks back at the most devastating period in Laos's history, when the US waged a years-long 'Secret War'....
News Source: Al Jazeera English on 2024-11-21
Japan will watch China's military after Beijing admits violating Japanese airspa...
Japanese officials say they are closely watching to see if China keeps its promise to prevent further violations of Japan’s airspace after explaining that an incursion by a Chinese military aircraft...
News Source: ABC News on 2024-11-20
Southeast Asian defense chiefs meet in Laos as maritime disputes with China are ...
Southeast Asian defense chiefs and representatives are meeting in the Laotian capital for security talks at a time of increasing maritime disputes with China in the Asia-Pacific and as the transition ...
News Source: ABC News on 2024-11-20
Biden's $100 billion disaster aid request includes money to rebuild the collapse...
President Joe Biden’s pending request to Congress for nearly $100 billion in emergency disaster aid includes money to rebuild Baltimore’s Francis Scott Key Bridge after its deadly collapse in Marc...
News Source: ABC News on 2024-11-19
The Houthis appear determined to score a hit on the American and European warshi...
The US and European Union have maintained a significant Middle East naval presence to battle the Houthis over the past year....
News Source: Business Insider on 2024-11-19