Contents
Limited Liability
Limited Liability in International Trade
Meaning of Limited Liability, according to the Dictionary of International Trade (Global Negotiator): A situation whereby the liability of a party within the company is limited to some extent. There are many forms of limited liability companies. For instance, corporations normally limit share holder liability to the amount invested in a business, while limited partnerships may hold only one or several designated partners personally liable yet limiting the liability of other partners. Most jurisdictions required that a business with limited liability indicate this by using a recognized symbol, such as Incorporated (Inc.), Limited (Ltd.) or Sociedad Anónima (S.A.).
Clauses Excluding or Limiting Liability
Find out, in this world legal encyclopedia, additional information relating to Clauses Excluding or Limiting Liability.
Related Entries of the International Encyclopedia:
- Limited Liability Company Gmbh (Gesellschaft Mit Beschränker Haftung) in Company Law Meaning of Gmbh (Gesellschaft Mit Beschränker Haftung), according to the Dictionary of International Trade (Global Negotiator): In German speaking countries (Austria, Germany, Switzerland) a designation for a private limited [...]...
- Insurance Broker Insurance Broker in International Trade Meaning of Insurance Broker, according to the Dictionary of International Trade (Global Negotiator): An individual or firm who represents buyers of insurance and deals with insurance companies or their agents in arranging for insurance coverage for the [...]...
- Delay Clause Delay Clause in International Trade Meaning of Delay Clause, according to the Dictionary of International Trade (Global Negotiator): An insurance policy clause that excludes claims for loss of market and for loss, damage or deterioration arising from delay. This exclusion appears in almost [...]...
- Inherent Vice A latent defect in a product that causes damage to it, renders it useless, or otherwise inflicts an economic loss that is limited to the item itself. Insurance policies do not respond for losses attributable to inherent vice.......
- Insurance Premium Insurance Premium in International Trade Meaning of Insurance Premium, according to the Dictionary of International Trade (Global Negotiator): The amount paid to an insurance company for coverage under an insurance policy....
- Strikes, Riots and Civil Commotion Clause Strikes, Riots and Civil Commotion Clause in International Trade Meaning of Strikes, Riots and Civil Commotion Clause (SRCC), according to the Dictionary of International Trade (Global Negotiator): An insurance clause referring to loss or damage directly caused by strikers, locked-out workmen, [...]...
- Export Contract Export Contract in International Trade Meaning of Export Contract, according to the Dictionary of International Trade (Global Negotiator): The export contract is used for the international sale of certain products (industrial supplies, raw materials, manufactured goods), which are projected [...]...
- Export Credit Insurance Export Credit Insurance in International Trade Meaning of Export Credit Insurance, according to the Dictionary of International Trade (Global Negotiator): Special insurance coverage for exporters to protect against non payment by the importer (coverage may extend to certain other risks, [...]...
- Incorporated Incorporated (Inc.) in International Trade Meaning of Incorporated (inc.), according to the Dictionary of International Trade (Global Negotiator): In United States, designation for a private limited liability corporation with limited liability to shareholders....
- Marine Cargo Insurance Marine Cargo Insurance in International Trade Meaning of Marine Cargo Insurance, according to the Dictionary of International Trade (Global Negotiator): Insurance covering loss of, or damage to, goods at sea. Marine insurance typically compensates the owner of merchandise for losses in excess [...]...
- Cargo Insurance Certificate Cargo Insurance Certificate in International Trade Meaning of Cargo Insurance Certificate, according to the Dictionary of International Trade (Global Negotiator): A document indicating the type and amount of insurance coverage in force on a particular shipment. Used to assure the consignee [...]...
- Binder Summary of Binder A temporary, often abbreviated document evidencing that insurance coverage has been effected. A binder is an interim measure until the full policy is prepared.(Main Author: William J. Miller) Binder in International Trade Meaning of Binder, according to the [...]...
- Cover Note Cover Note in International Trade Meaning of Cover Note, according to the Dictionary of International Trade (Global Negotiator): Document issued by insurance company or insurance brokers instead of insurance policies or insurance certificates, which serves as proof of usual insurance [...]...
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- Hamburg Rules A proposed international convention dealing with carrier liability for loss or damage to cargo transported by sea. Known formally as the United Nations Convention on the Carriage of Goods by Sea 1978, the convention was the product of a conference held at Hamburg, Federal Republic of [...]...
- Bordereau Bordereau in International Trade Meaning of Bordereau, according to the Dictionary of International Trade (Global Negotiator): A method of reporting shipments to an insurance company under an open insurance policy. An insurance form similar to a declaration, which provides for insurance [...]...
- Cost, Insurance and Freight (CIF) Cost, Insurance and Freight in International Trade Meaning of Cif Cost, Insurance and Freight, according to the Dictionary of International Trade (Global Negotiator): In this Incoterms, the seller has the same obligations as under CFR but with the addition hat he has to procure marine [...]...
- Insurance Certificate Insurance Certificate in International Trade Meaning of Insurance Certificate, according to the Dictionary of International Trade (Global Negotiator): A document used so that coverage is provided to cover loss or damage to cargo while in transit when insurance is placed against an open marine [...]...
- Special Cargo Policy A marine cargo policy issued to cover a specific shipment. A special policy may be issued when the shipper infrequently transports goods by water, or when the merchandise is so unusual or so valuable as to warrant a special policy. Frequent shippers customarily obtain an Open Policy (...
- CIP Carriage and Insurance Paid To CIP Carriage and Insurance Paid to in International Trade Meaning of Cip Carriage and Insurance Paid to, according to the Dictionary of International Trade (Global Negotiator): In Incoterms CIP, the seller has the same obligations as under CPT (Carriage Paid to) terms, but with the addition [...]...
- Reinsurance An arrangement in which an insurance underwriter contractually spreads its policy risks with other underwriters, sharing the premium with them. For example, an underwriter may issue a policy for fifty million dollars to cover the loss of a ship; being unwilling to assume the full risk of loss, [...]...
- Premium Spanish Translation of premiumThis is the legal translation of English to Spanish in relation to premium and / or a definition of this topic: Prima (in Spanish, without translation of the dictionary entry)....
- Concealed Damage Concealed Damage in International Trade Meaning of Concealed Damage, according to the Dictionary of International Trade (Global Negotiator): In shipping damage to the contents of a package which is in good order externally. See also inherent vice....
- Contract Manufacturing Contract Manufacturing in International Trade Meaning of Contract Manufacturing, according to the Dictionary of International Trade (Global Negotiator): Contract manufacturing in international markets is used in situations when one company arranges for another company in a different country to [...]...
- Corporation Sociedad Anónima (s.a.) in International Trade Meaning of Sociedad Anónima (s.a.), according to the Dictionary of International Trade (Global Negotiator): In Spain, México and Latin America designation for a joint stock company with limited personal to shareholders. See [...]...
- Subsidiary Subsidiary or Subordinate Election Management Body in Election Law An Election Management Body (EMB) that is not the primary or principal entity responsible for the organisation of elections within a given state. It may be regional or local. Subsidiary in International Trade Meaning of [...]...
- Surveyor Surveyor in International Trade Meaning of Surveyor, according to the Dictionary of International Trade (Global Negotiator): An individual or company that acting as an independent third-party expert examines and ascertains the condition of goods or transport equipment (specially ships). [...]...
- War Risk Insurance War Risk Insurance in International Trade Meaning of War Risk Insurance, according to the Dictionary of International Trade (Global Negotiator): Insurance coverage against war risks as outlined in detail in some dozen rather than specific paragraphs of an insurance policy. The policy [...]...
- Average Highest Average Method in Constitutional Law From the Comparative Constitutions Project: The highest averages method is one way of allocating seats proportionally for representative assemblies with party list voting systems. The highest averages method requires the number of votes for each [...]...
- Parent Company Parent Company in International Trade Meaning of Parent Company, according to the Dictionary of International Trade (Global Negotiator): A parent company, sometimes called a holding company, is a corporation that has subsidiaries which are wholly or partially-owned separate businesses [...]...
- General Partnership Spanish Translation of general partnership This is the legal translation of English to Spanish in relation to general partnership and / or a definition of this topic: Sociedad Colectiva (in Spanish, without translation of the dictionary entry). General Partnership in International Trade [...]...
- Holding Company Holding Company in International Trade Meaning of Holding Company, according to the Dictionary of International Trade (Global Negotiator): Holding companies are corporations that are created for the sole purpose of obtaining and managing a controlling interest in other companies. There are [...]...
- Kompass Kompass in International Trade Meaning of Kompass, according to the Dictionary of International Trade (Global Negotiator): Kompass is the leading online global business directory with nearly 4 million registered businesses in 60 countries. The search can be done by country, product or company [...]...
- Insurance Policy Spanish Translation of insurance policyThis is the legal translation of English to Spanish in relation to insurance policy and / or a definition of this topic: Póliza de Seguro (in Spanish, without translation of the dictionary entry)....
- Insurance Coverage Insurance Coverage in International Trade Meaning of Insurance Coverage, according to the Dictionary of International Trade (Global Negotiator): The total amount of insurance that is carried....
- Warsaw Convention The benefit to the shipper in using a Warsaw Convention air waybill is that the shipper does not have to prove that the carrier caused the injury to any lost, damaged, or delayed goods. The shipper has to make a claim within seven days when the bills are governed by the Warsaw Convention and [...]...
- Limited Limited (ltd.) in International Trade Meaning of Limited (ltd.), according to the Dictionary of International Trade (Global Negotiator): In United Kingdom, United States and other countries, designation for a private limited liability corporation with limited liability to shareholders....
- Cargo Insurance Cargo Insurance in International Trade Meaning of Cargo Insurance, according to the Dictionary of International Trade (Global Negotiator): Insurance placed on goods during transportation....
- Limited Company Limitada (ltda.) in International Trade Meaning of Limitada (ltda.), according to the Dictionary of International Trade (Global Negotiator): In Brazil and Portugal, designation for a private limited liability corporation with limited liability to shareholders....
- Limited Partnership Limited Partnership in International Trade Meaning of Limited Partnership, according to the Dictionary of International Trade (Global Negotiator): A partnership in which at least one partner has general liability and at least one of the other partners has limited liability....
- Unfair Calling Insurance Unfair Calling Insurance in International Trade Meaning of Unfair Calling Insurance, according to the Dictionary of International Trade (Global Negotiator): Insurance coverage to protect principals who have issued demand guarantees or bonds against an unfair or abusive call of the [...]...
- Patent Insurance Spanish Translation of patent insuranceThis is the legal translation of English to Spanish in relation to patent insurance and / or a definition of this topic: Seguro de Patentes (in Spanish, without translation of the dictionary entry)....
- Credit Risk Insurance Credit Risk Insurance in International Trade Meaning of Credit Risk Insurance, according to the Dictionary of International Trade (Global Negotiator): Insurance designed to cover risks of nonpayment for delivered goods....
- Piggyback Distribution Piggyback Distribution in International Trade Meaning of Piggyback Distribution, according to the Dictionary of International Trade (Global Negotiator): Piggyback is a form of distribution in foreign markets in which a SME company (the "rider"), deals with a larger company (the [...]...
- Sister Company Sister Company in International Trade Meaning of Sister Company, according to the Dictionary of International Trade (Global Negotiator): A sister company is a company with close affiliations to another company with a separate name and personnel. Both companies are owned by the same parent and [...]...
- Trademark License Agreement Trademark License Agreement in International Trade Meaning of Trademark License Agreement, according to the Dictionary of International Trade (Global Negotiator): In a Trademark licence agreement the proprietor (Licensor) of a registered trademark gives authorization to another company [...]...
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- Export Entry Modes Export Entry Modes in International Trade Meaning of Export Entry Modes, according to the Dictionary of International Trade (Global Negotiator): In establishing export channels a company has to decide which functions will be the responsibility of external agents and which will be handled by [...]...
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- Limited Captive See Captive Insurance Company.......
- Limited Coinage A government policy limiting the right of individuals to bring bullion to the mint and have it coined. See free coinage.......
- Limited Parnership Spanish Translation of limited parnershipThis is the legal translation of English to Spanish in relation to limited parnership and / or a definition of this topic: Sociedad Comanditaria (in Spanish, without translation of the dictionary entry)....
- Limited Voting Limited Voting in Election Law Voting system used in multi-member constituencies. Voters have more than one vote but fewer votes than the number of seats to be filled. The candidates with the most votes get elected, but not necessarily with absolute majority. Under a variant of Limited Vote [...]...
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