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The sale and purchase of ship is an important aspect of the shipping industry. It may involve large amounts of money and requires brokers to possess knowledge of types of vessels and their function, knowledge of maritime law, as well experience in bargaining. To reduce the number of disputes and smoothen the sale and purchase procedure ...
Stowage plan for container ships. The holds of a container ship. Stowage plan for container ships or bay plan is the plan and method by which different types of container vessels are loaded with containers of specific standard sizes. The plans are used to maximize the economy of shipping and safety on board.
Ship-to-ship cargo transfer. ship-to-ship (STS) transfer operation is the transfer of cargo between seagoing ships positioned alongside each other, either while stationary or underway. Cargoes typically transferred via STS methods include crude oil, liquefied gas ( LPG or LNG ), bulk cargo, and petroleum products.
Incoterms 2020 is the ninth set of international contract terms published by the International Chamber of Commerce, with the first set having been published in 1936. Incoterms 2020 defines 11 rules, the same number as defined by Incoterms 2010. [6] One rule of the 2010 version ("Delivered at Terminal"; DAT) [7] was removed, and is replaced by a ...
A freight forwarder or forwarding agent is a person or a company who co-ordinates and organizes the movement of shipments on behalf of a shipper (party that arranges an item for shipment) by liaising with carriers (party that transports goods). The carriers may use a variety of shipping modes, including ships, airplanes, trucks, and railroads ...
Stowage. In nautical terminology, stowage is the amount of room available for stowing materials aboard a ship, tank or an airplane . In container shipping, stowage planning refers to the arrangement of containers on board a container vessel. The stowage of a container ship involves different objectives, such as to optimize the available space ...
The International Maritime Organization ( IMO; French: Organisation maritime internationale; Spanish: Organización MarÃtima Internacional) [1] is a specialised agency of the United Nations responsible for regulating maritime transport. [2] The IMO was established following agreement at a UN conference held in Geneva in 1948 [3] and the IMO ...
The Hague Rules of 1924 (formally the "International Convention for the Unification of Certain Rules of Law relating to Bills of Lading, and Protocol of Signature") [1] is an international convention to impose minimum standards upon commercial carriers of goods by sea. Previously, only the common law [2] [3] [4] provided protection to cargo ...
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