Search results
Results from the WOW.Com Content Network
A contract of carriage is a contract between a carrier of cargo or passengers and the consignor, consignee or passenger. [1] [2] Contracts of carriage define the rights, duties and liabilities of parties to the contract, addressing topics such as acts of God and including clauses such as force majeure (removing liability for extraordinary occurrences beyond control of the parties).
Because container freight is sold on the basis of total enclosed volume, efforts are made to decrease that volume, including de-rigging the boat. If a yacht meets the restrictions imposed by container sizing, typically 39 ft (11.89 m) x 7.5 ft (2.29 m) x 9.3 ft (2.83 m), container shipping is an alternative.
Futures contracts and cost basis. Calculating the cost basis for futures contracts involves assessing the difference between a commodity’s local spot price and its associated futures price. For ...
A cargo ship sailing from a European port to a US one will typically take 10–12 days depending on water currents and other factors. [6] In order to make container ship transport more economical, ship operators sometimes reduce cruising speed, thereby increasing transit time, to reduce fuel consumption, a strategy referred to as "slow steaming ...
The lawsuit seeks damages from two Singaporean companies that are the registered owner of the Dali cargo ship, Grace Ocean Pte Ltd, and its manager, Synergy Marine Group, for the cost of the ...
In Asia Wednesday China's Shanghai Composite Index slid 0.7% to 3,049. In both Japan and Hong Kong, major indexes remained virtually unchanged with the Nikkei 225 Index closing at 10,564 and the ...
Several factors affect the cost to move a bulk cargo by ship. The bulk freight market is very volatile, with the type of cargo, size of the vessel, and the route traveled all affecting the final price. Moving a capesize load of coal from South America to Europe cost anywhere from $15 to $25 per ton in 2005. [53]
A negligence clause tends to exclude shipowner's or carrier's liability for loss or damage resulting from an act, default or neglect of the master, mariner, pilot or the servants of the carrier in the navigation of manoeuvring of a ship, not resulting, however, from want of due diligence by the owners of the ship or any of them or by the ship's ...