Articles designed to enhance shipping knowledge, including any tests, quizzes etc..
There are several shipping jargon used in day to day business.. Port and Starboard are two such terms on a daily basis..
But not everyone is aware of the meanings and origins of these terms.. Here is an explanation..
The business of shipping hinges on the collaboration and action of various entities.. Shipping lines, ports, customs, ship owners, ship operators, ports and many more, all work in unison to get the cargo moving around the world..
This collaboration and co-operation is critical to ensure the safety of the ships carrying the cargo and the safety of the crew members operating the ships..
The registration of a ship plays an important role in ensuring safety and security of the ship and significantly contributes towards the protection and preservation of the marine environment..
As per IMO regulations, all ships must be surveyed in order to ensure that the ships under their register/flag are structurally sound and subscribes to design and safety standards and issue certificates which establishes a ship’s seaworthiness..
The Flag State of the vessel is the party responsible for the above survey and inspection.. This is achieved through Ship Classification..
This is achieved through Ship Classification..
The need for safe transportation of goods cannot be overemphasised..
Various incidents that have occurred around the world in terms of maritime disasters, weight misdeclarations and other mishaps bear testament to this important factor in shipping..
You might have seen ships with the SAFETY FIRST phrase emblazoned across the accommodation on the ship..
When we speak about safety especially in container shipping, one of the main items that needs to be considered is the safety aspect of using the shipping container as a Cargo Transporting Unit (CTU)..
Here I explain all about the CSC Plate and Safety Approval and container inspection regimes..
Maybe because it is one of the most important documents in global trade, there always seems to be a degree of uncertainty around a bill of lading and questions such as this..
Many people have doubts regarding which bill of lading to issue, how many to issue..
There are also questions such as what is a Telex Release, how it works and under what circumstances a Telex Release maybe issued..
In this particular post, I will cover the circumstances under which a Telex Release maybe issued and whether a telex release can be actioned on a negotiable bill of lading..
Pre-Dating or Back Dating is when the shipper requests the shipping line to show the Shipped on Board date on the bill of lading as a date before the actual sailing of the vessel (example : the vessel actually sails on the 2nd of March but shipper wants the line to show the shipped on board date on the bill of lading as 28th of February)..
Why would a shipper want his bill of lading to be pre-dated or back dated and why would a shipping line reject this request..??
Many of you might have heard the term Letter of Indemnity (LOI) in day to day shipping practice..
There have been several arguments, discussions, commercial threats, litigation etc surrounding this LOI..
But many still have doubts on what an LOI is, when it can and should be used, whether it is legally enforceable and whether it is worth the paper it is written on..
I will try to answer these questions in this article..
Cargo insurance is a type of insurance that protects a buyer or seller of goods against damages or loss of cargo..
Despite insurance having been around for centuries, there is still a feeling that any form of insurance is a “grudge purchase” and in the case of cargo shipments, many people ask the question “Do I need cargo insurance for my shipment“..??
By its nature, insurance is an intangible benefit, one that can only be tested under adverse circumstances and there is nothing more adverse than cargo damage..
From a
• Local (Street to Street, City to City, Town to Town etc)
• Provincial (Within the same province or state etc)
• National (Province to Province, State to State etc)
• Global (International trade between countries)
• Regional (Within regional trade blocs like EU, BRICS etc)
there are several modes and types of trade/shipments around the world..
Where there is a shipment, there is a possibility of cargo damage and where there is the possibility of cargo damage………………….
Over the years, I have received several queries from readers around the world asking for my opinion and advice on situations relating to shipping and freight fraud..
Many have been duped by forwarders, taken for a ride by shippers and intermediaries, made to pay double so on and so forth..
Here are six safeguards to follow against some of these shipping and freight fraud..
This article explains and clarifies the difference between Pre-Carriage, Carriage and On-Carriage and how these come together to provide the full spectrum of services to the customer..
“How do I know the bill of lading issued is a House Bill of Lading or a Master Bill of Lading..?? Is it mentioned anywhere on the bill of lading that it is a House Bill or a Master Bill”
I really love such basic but curious questions because it rejuvenates the gray matter.. Let’s explore this question..