Observers' Objections Recently an important group of experts from the private sector signed a Declaration and recommend the governments not to adopt the Rotterdam Rules. The most important rejection is contained in article 15, which reads as follows: 15. The limitation of liability of carriers is harmful to transport users involves a transfer of costs
LOSS PREVENTION IN CONTAINERIZED CARGO The use of intermodal containers for the transport of a great variety of cargo has become increasingly popular in recent years. Intermodalism - a concept that embraces the movement and transfer of standardized cargo containers by sea, air and surface has greatly reduced cargo handling, particularly in Door-to-Door shipments. Development
Cargo Insurance At Greenwoods Insurance Brokers Ltd, we have a global insurance policy that our customers can take advantage of. A considerable amount of cargo is shipped without cargo insurance and only covered by carrier’s liability insurance, thereby protecting the carriers and not the goods. This only offers liability for loss or damage whilst the
Cargo insurance is vital protection for international traders. Cargo insurance is business insurance used by companies that routinely engage in shipping products, or that ship a large supply of products one time. Sometimes called shipping insurance or moving insurance (for commercial goods), cargo insurance covers risks to cargo from water, truck or plane transportation. Single
The UK Supreme Court unanimously held that, when construing a settlement agreement between two parties, evidence of facts within their common knowledge is admissible where those facts have a bearing on the meaning that should be given to the words of that agreement. This is so even where the knowledge of those facts is conveyed
The High Court has recently looked at issues arising where one party seeks to enforce a liquidated damages clause incorporated into a shipbuilding contract, and the defaulting party contends that liquidated damages are not payable because they constitute a "penalty". Facts The claimant was a luxury yacht builder which agreed to construct and sell a
With constantly shifting suppliers and sales markets as well as the increase in use of outsourced production sites, companies face more and more transport exposures for their cargo. As Experts explains, fast and safe deliveries require a holistic approach to transport risks management. Every good is shipped at least once in its lifetime, but most
Cargo insurance is the oldest type of insurance in existence, yet it’s often the least understood. Whether you are transportation intermediary or a shipper, here are some cargo insurance buying tips from the unique perspective of an insurance insider. Do insurance underwriters rely on methodology and science to determine pricing or do they just pull
Μια νέα εποχή στις Ευθύνες των Μεταφορέων, ας αρχίσουμε να βλέπουμε σαν ένα μακρινό παρελθόν τις συνθήκες της Hague – Hague-Visby και Hamburg. THE ROTTERDAM RULES SEPTEMBER 21, 2009 UNITED NATIONS CONVENTION ON CONTRACTS FOR THE INTERNATIONAL CARRIAGE OF GOODS WHOLLY OR PARTLY BY SEA SCOPE OF APPLICATION AND FREEDOM OF CONTRACT 1. Background1 This
Το ερώτημα είναι, η Ευρωπαϊκή Ένωση θα δωρίσει στην Ασφαλιστική Αγορά ένα δώρο ή η νέα εποχή μάς επιφυλάσσει έναν Δούρειο Ίππο? EU Regulatory Equivalence in Independent Insurance Jurisdictions: Gift Horse or Trojan Horse? This is an era of unprecedented international pressure towards a global order and towards the domination of the regulation of financial
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