MARITIME LAW
19/10
2021
Global exports over the last 3 years stand at an average of 18 trillion US Dollars. Businesses across the world deliver goods to their customers – both national as well as international, by various modes of transport. Good are transported over the road by trucks, by rail on freight trains, ocean freight on cargo ships, and by air on cargo flights.
14/10
2021
For those in the shipping and freight industry, ‘shipped on board’ could be a familiar term. It means that specific goods have been received and loaded onboard the ship on the said date. Typically, shipped on board appears on all bills of lading.
08/10
2021
Ports are critical to global economic progress and development. They contribute to economic progress by facilitating commerce and assisting supply networks.
04/10
2021
When we talk about shipping documentation, the first thing that comes to many people’s minds is the bill of lading. A typical bill of lading is a document that confirms the receipt of goods by the shipping company from a shipper, for transport. It also serves the purpose of proving the ownership of the cargo.
01/10
2021
Containerization is hailed as one of the greatest innovations in the goods transportation industry. Ever since the American entrepreneur Malcolm Maclean came up with the first container made of corrugated steel in 1955, the container has evolved from the humble corrugated steel box to the present-day super-efficient intermodal container.
27/09
2021
FCA, EXW, FOB… the list of terms used in the field of freight, especially sea freight, is endless. What is FCA? How do EXW and FOB Incoterms® fare against FCA? Let us take a look.
27/09
2021
The term Ex-Works (EXW) figures on top of the list of Incoterms® that is published by the International Chamber of Commerce (ICC). One can also see it in several shipping documents and trading contracts.
27/09
2021
The task of connecting Atlantic treading vessel traffic to the Pacific and vice-versa is important for shipping. This happens through the Panama Canal, standing as the region’s financial backbone. Meanwhile, the major ports in Panama also use this opportunity to aid its growth and trading.