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In principle, it can be considered that the similarity between vessel demurrage and container demurrage is correct since both refer to the same concept, which is the late return of equipment supplied by one party to another for the purpose of carrying a cargo. However, the actual regime of container demurrage is still to be determined precisely.
Ship arrest refers to the civil law procedure whereby a ship or similar marine vessel may be arrested by judicial process and held under state authority in a particular jurisdiction pending the determination of present or future claims relating to the vessel.
Wind turbine towers being unloaded at a port Stevedores on a New York dock loading barrels of corn syrup onto a barge on the Hudson River.Photo by Lewis Hine, circa 1912. In shipping, break-bulk, breakbulk, [2] or break bulk cargo, also called general cargo, are goods that are stowed on board ships in individually counted units.
The first English court case which referred to c.i.f. was Tregelles v. Sewell (1862), [ 25 ] where the court established that under c.i.f. terms, risk passes to the buyer on shipment. [ 26 ] In the case of E. Clemens Horst Co. v. Biddell Brothers, the UK House of Lords ruled in 1911 that "the sellers in a c.i.f. contract were entitled to ...
The Hague Rules of 1924 effectively codified, albeit in a diluted form, the English common law rules to protect the cargo owner against exploitation by the carrier. Nearly 50 years later, the Hague-Visby "update" made few changes, so that the newer Rules still applied only to "tackle to tackle" carriage (i.e. carriage by sea) and the container ...
Affreightment (from freight) is a legal term relating to shipping.. A contract of affreightment is a contract between a ship-owner and a charterer, in which the ship-owner agrees to carry goods for the charterer in the ship, or to give the charterer the use of the whole or part of the ship's cargo-carrying space for the carriage of goods on a specified voyage or voyages or for a specified time.
These operations are carried out in accordance with guidelines set out by the latest Oil Companies International Marine Forum and the International Chamber of Shipping (ICS), with the strictest adherence to safety regulations. These are the industry guidelines which are part of the contractual commitment between the ship owner and the STS ...
The two terms have a specific meaning in commercial law and cannot be altered. But the FOB terms do not need to be used, and often are not. In this case the specific terms of the agreement can vary widely, in particular which party, buyer or seller, pays for the loading costs and shipment costs, and/or where responsibility for the goods is ...