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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 .
In general, a bill of lading serves as a legal instrument focusing on and documenting such issues as ownership, whereas a cargo manifest is often more concerned with physical aspects of the cargo, such as weight and size. When the cargo is being shipped by several different shipping companies on the same vessel, there will usually be separate ...
The conditional bill of sale refers to any assignment or transfer of personal chattels to a person by way of security for the payment of money. The conditional bill of sale creates a security in favour of the grantee of the bill whereby the grantee is given personal right of seizure giving right to a security interest of a possessory nature.
An invoice, bill, tab, or bill of costs is a commercial document that includes an itemized list of goods or services furnished by a seller to a buyer relating to a sale transaction, that usually specifies the price and terms of sale., quantities, and agreed-upon prices and terms of sale for products or services the seller had provided the buyer.
An electronic bill of lading (or eB/L) is the legal and functional equivalent of a paper bill of lading. [28] An electronic bill of lading must replicate the core functions of a paper bill of lading, [29] namely its functions as a receipt, as evidence of or containing the contract of carriage and as a document of title. [citation needed]
On February 5, 2011, SAFE Boats International won a U.S. government contract of $180,611,987.33 to provide 470 Response Boat-Small (RB-S) boats to U.S. Coast Guard shore units in order to perform law enforcement missions. It will also include 20 boats for Customs and Border Protection and 10 boats for the U.S. Navy, for a total of 500 boats. [9]
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