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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 ...
In principle, all EU shipowners are free to provide maritime services either between Member States or within Member States (i.e., provide cabotage services). The right to provide international maritime services (provided one EU port was involved) is enshrined in Regulation 4055/86. [1] The freedom to provide services between ports within one ...
The International Maritime Organization ( IMO; French: Organisation maritime internationale; Spanish: Organización Marítima 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 ...
A Ship Sanitation Certificate is a document that corroborates a ship's compliance with maritime sanitation and quarantine rules specified in article 39 of the International Health Regulations (2005) issued by the World Health Organization. [1] The certificate serves as proof that the ship is free of clear sources of contagion and may be a ...
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.
Vienna Convention road sign for customs. Customs is an authority or agency in a country responsible for collecting tariffs and for controlling the flow of goods, including animals, transports, personal effects, and hazardous items, into and out of a country. [1] [2] Traditionally, customs has been considered as the fiscal subject that charges ...
The purpose of the ISM Code. To ensure safety at sea and prevent damage to property, personnel and environment. In order to comply with the ISM Code, the Company operating the vessel has to be audited first (after they submit their Safety Management System Manual (SMS) and is approved by Flag Administration or Recognized Organization (RO). Once ...
Package forwarding. Package forwarding, also called parcel forwarding, is an international shipping service offered by shipping companies to international online shoppers who want to do cross-border online shopping. Package forwarding is becoming more and more popular among international shoppers because of the high growth rate of e-commerce ...
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