Search results for: “marine cargo insurance”
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Dictionary of International Trade
Dictionary of International Trade Dictionary of International Trade (Global Negotiator) Contents The Dictionary of International Trade of Global Negotiator include, among others, the following terms and acronyms: Back haul Back letter Back order Back to back letter of credit Backhauling Bad faith BAF Bailee Bailment Balance of payments Balance of trade Bale Bank acceptance Bank…
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Dictionary of International Trade
Dictionary of International Trade Dictionary of International Trade (Global Negotiator) Contents The Dictionary of International Trade of Global Negotiator include, among others, the following terms and acronyms: Back haul Back letter Back order Back to back letter of credit Backhauling Bad faith BAF Bailee Bailment Balance of payments Balance of trade Bale Bank acceptance Bank…
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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 […]
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Open Policy
Marine insurance policy issued to cover various unspecified voyages over the life of the policy. An open policy is issued to a firm engaged in extensive shipping transactions, the details of which are probably unknown at the time the policy is issued; usually, the policyholder declares his […]
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Maritime Law
Introduction to Maritime Law Maritime Law, branch of law relating to commerce and navigation on the high seas and on other navigable waters. Specifically, the term refers to the body of customs, legislation, international treaties, and court decisions pertaining to ownership and operation […]
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General Average
Summary of General Average An ancient principle in international maritime law requiring a contribution by the vessel and cargo interests to pay for "extraordinary expenses and sacrifices"incurred in saving the vessel and its cargo. The term average derives from an Arabic word […]
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General Average
Summary of General Average An ancient principle in international maritime law requiring a contribution by the vessel and cargo interests to pay for "extraordinary expenses and sacrifices"incurred in saving the vessel and its cargo. The term average derives from an Arabic word […]
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Adventure
Summary of Adventure In marine insurance, any maritime enterprise. The term is most commonly used to denote the risks undertaken by a vessel and her cargo in the course of transiting the seas.(Main Author: William J. Miller) Description of Adventure Resources See Also Joint […]
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Seaworthiness
Seaworthiness Some of the sources imposing this duty Civil law (art. 2008, 2015, 2022, and 2063 C.C.Q. (C.B. at p. 60) Common law Harter Act, 1893, 46 U.S. Code Appendix 190-196 Steel v. State Line (1877-78) 3 App. Cas. 72 …..(H.L.) (C.B. at p. 56) Canadian Pacific Forest Products v. Belships [1999] 4 F.C. 330,…
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Seaworthiness
Seaworthiness Some of the sources imposing this duty Civil law (art. 2008, 2015, 2022, and 2063 C.C.Q. (C.B. at p. 60) Common law Harter Act, 1893, 46 U.S. Code Appendix 190-196 Steel v. State Line (1877-78) 3 App. Cas. 72 …..(H.L.) (C.B. at p. 56) Canadian Pacific Forest Products v. Belships [1999] 4 F.C. 330,…
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Choice of Jurisdiction
Choice of Jurisdiction Introduction In the past, the courts of all nations have jealously guarded their jurisdictions and have looked unfavourably on clauses in contracts which called for suit elsewhere. In consequence, courts properly seized with a dispute, have usually refused motions calling for the stay of proceedings. Recently, however, motions for stay have been…
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Choice of Jurisdiction
Choice of Jurisdiction Introduction In the past, the courts of all nations have jealously guarded their jurisdictions and have looked unfavourably on clauses in contracts which called for suit elsewhere. In consequence, courts properly seized with a dispute, have usually refused motions calling for the stay of proceedings. Recently, however, motions for stay have been…
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Abandonment
Summary of Abandonment In domestic transportation, the termination of service by a common carrier over a given route; (2) the refusal, by a consignee, to accept delivery of a lot of cargo tendered for delivery; (3) in marine insurance, the act by which the owner of a vessel claims […]
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Abandonment
Summary of Abandonment In domestic transportation, the termination of service by a common carrier over a given route; (2) the refusal, by a consignee, to accept delivery of a lot of cargo tendered for delivery; (3) in marine insurance, the act by which the owner of a vessel claims […]
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Money Laundering in Iran
Designating Iran as a Jurisdiction of Primary Money Laundering Concern in 2011 United States views on international law (based on the document "Digest of U.S. Practice in International Law"): 2. Use of government agencies and state-owned or controlled financial institutions to […]