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
- True Seals: True seals, also known as earless seals, are a group of marine mammals that belong to the family Phocidae. They are characterized by their lack of external ear flaps and their reliance on blubber for insulation. True seals are found in both ... Read More >>
- Corner Fittings: Corner fittings are metal components that are welded or bolted to the corners of shipping containers. They are used to secure containers during transportation and stacking. Corner fittings are designed to be compatible with the twist-lock m ... Read More >>
- Ransomware: Ransomware is a type of malicious software that encrypts a victim's files. The attacker then demands a ransom from the victim to restore access to the files with a decryption key. Ransomware can be delivered through various methods, includi ... Read More >>
Top News
SEAL Team 6 is said to be training for a fight with China over Taiwan. Here's wh...
The role of the elite unit may be limited but not inconsequential. "You don't use a scalpel for a job a hammer can do," a former SEAL said....
News Source: Business Insider on 2024-10-19
The last in-person vote in the US will be cast on the desolate tundra of Alaska'...
On a desolate slab of island tundra on Alaska's Aleutian Islands, a resident of a tiny village called Adak will again become the last American to cast an in-person ballot for president...
News Source: ABC News on 2024-10-19
A historically Black community grapples with lasting impacts after Baltimore bri...
As the dust settled after the deadly collapse of Baltimore’s Francis Scott Key Bridge, residents of Turner Station found themselves facing an uncertain future....
News Source: NBC News on 2024-10-18
These are the biggest challenges facing the US Army in the Pacific, according to...
Soldiers face daunting challenges in navigating the vastness of the Indo-Pacific, where a future war could take place across a range of environments....
News Source: Business Insider on 2024-10-18
Teen kayaker rescued after spending 12 hours treading water and clinging to his ...
A 17-year-old kayaker spent nearly 12 hours treading water and clinging to his kayak Wednesday after becoming separated from his high school paddling group, the U.S....
News Source: NBC News on 2024-10-18