There are two basic forms of charter depending on whether the vessel is chartered for a period of time (time charter) or for one or more voyages (voyage charter). In both, the ship owner retains control of the vessel and agrees to provide a carrying service. For a time charter, the ship owner agrees to place the vessel's carrying capacity at the charterer's disposal for a specified period. For a voyage charter, the ship owner undertakes to carry a cargo between specified points. Once cargo is loaded, a bill of lading is issued acting as a receipt for cargo and evidence of the carriage contract terms. Bills of lading can also act as negotiable documents of title allowing cargo ownership transfer while in
Outline of Conventions and Legislation applicable to Bills of Lading in the UKAmarinder Singh Brar
A presentation at South Tyneside Marine College on conventions and legislations applicable to Bills of Lading (in the UK).
The presentation starts with history of BLs, followed by a sample from 1390.
It then continues on to a detailed review of Hague Rules. Hague Visby Amendments and SDR Protocol amendments are highlighted as and when required. This is followed by a brief introduction to Hamburg and Rotterdam Rules.
Thereafter legislation is discussed. Specifically COGSA71 and COGSA92, which needs knowledge of BLA1855. This is also briefly touched upon.
The conventions can be easily found on the web. All UK legislation is available at legislation.gov.uk website.
Outline of Conventions and Legislation applicable to Bills of Lading in the UKAmarinder Singh Brar
A presentation at South Tyneside Marine College on conventions and legislations applicable to Bills of Lading (in the UK).
The presentation starts with history of BLs, followed by a sample from 1390.
It then continues on to a detailed review of Hague Rules. Hague Visby Amendments and SDR Protocol amendments are highlighted as and when required. This is followed by a brief introduction to Hamburg and Rotterdam Rules.
Thereafter legislation is discussed. Specifically COGSA71 and COGSA92, which needs knowledge of BLA1855. This is also briefly touched upon.
The conventions can be easily found on the web. All UK legislation is available at legislation.gov.uk website.
Charter party is a written contract between the shipowner and the charterer. Clauses relating to voyage charter party are also discussed in the presentation.
Charter party is a written contract between the shipowner and the charterer. Clauses relating to voyage charter party are also discussed in the presentation.
Presentation från intranätkonferensen Nordic Intranet Summit 2013. Vår kund Colosseum (Nordens största privata tandläkarkoncern) med koncernchefen Per Rehnberg om sitt projekt med MyLive. Projekttid för ett komplett intranät 2,5 månad.
Bill of Lading (BOL) In Logistics- What Is It- Its Purpose, Importance & TypesTransworld Group
Gain a comprehensive understanding of the Bill of Lading (BOL) in logistics and its significance in the shipping industry. Discover the purpose and importance of this vital document for cargo transportation, including its role in documenting the shipment, serving as a receipt, and facilitating the transfer of goods. Explore different types of Bill of Lading, such as straight, order, and sea waybill, and learn how they vary in terms of ownership, negotiability, and legal implications.
In 2020, the Ministry of Home Affairs established a committee led by Prof. (Dr.) Ranbir Singh, former Vice Chancellor of National Law University (NLU), Delhi. This committee was tasked with reviewing the three codes of criminal law. The primary objective of the committee was to propose comprehensive reforms to the country’s criminal laws in a manner that is both principled and effective.
The committee’s focus was on ensuring the safety and security of individuals, communities, and the nation as a whole. Throughout its deliberations, the committee aimed to uphold constitutional values such as justice, dignity, and the intrinsic value of each individual. Their goal was to recommend amendments to the criminal laws that align with these values and priorities.
Subsequently, in February, the committee successfully submitted its recommendations regarding amendments to the criminal law. These recommendations are intended to serve as a foundation for enhancing the current legal framework, promoting safety and security, and upholding the constitutional principles of justice, dignity, and the inherent worth of every individual.
Responsibilities of the office bearers while registering multi-state cooperat...Finlaw Consultancy Pvt Ltd
Introduction-
The process of register multi-state cooperative society in India is governed by the Multi-State Co-operative Societies Act, 2002. This process requires the office bearers to undertake several crucial responsibilities to ensure compliance with legal and regulatory frameworks. The key office bearers typically include the President, Secretary, and Treasurer, along with other elected members of the managing committee. Their responsibilities encompass administrative, legal, and financial duties essential for the successful registration and operation of the society.
ALL EYES ON RAFAH BUT WHY Explain more.pdf46adnanshahzad
All eyes on Rafah: But why?. The Rafah border crossing, a crucial point between Egypt and the Gaza Strip, often finds itself at the center of global attention. As we explore the significance of Rafah, we’ll uncover why all eyes are on Rafah and the complexities surrounding this pivotal region.
INTRODUCTION
What makes Rafah so significant that it captures global attention? The phrase ‘All eyes are on Rafah’ resonates not just with those in the region but with people worldwide who recognize its strategic, humanitarian, and political importance. In this guide, we will delve into the factors that make Rafah a focal point for international interest, examining its historical context, humanitarian challenges, and political dimensions.
How to Obtain Permanent Residency in the NetherlandsBridgeWest.eu
You can rely on our assistance if you are ready to apply for permanent residency. Find out more at: https://immigration-netherlands.com/obtain-a-permanent-residence-permit-in-the-netherlands/.
Car Accident Injury Do I Have a Case....Knowyourright
Every year, thousands of Minnesotans are injured in car accidents. These injuries can be severe – even life-changing. Under Minnesota law, you can pursue compensation through a personal injury lawsuit.
WINDING UP of COMPANY, Modes of DissolutionKHURRAMWALI
Winding up, also known as liquidation, refers to the legal and financial process of dissolving a company. It involves ceasing operations, selling assets, settling debts, and ultimately removing the company from the official business registry.
Here's a breakdown of the key aspects of winding up:
Reasons for Winding Up:
Insolvency: This is the most common reason, where the company cannot pay its debts. Creditors may initiate a compulsory winding up to recover their dues.
Voluntary Closure: The owners may decide to close the company due to reasons like reaching business goals, facing losses, or merging with another company.
Deadlock: If shareholders or directors cannot agree on how to run the company, a court may order a winding up.
Types of Winding Up:
Voluntary Winding Up: This is initiated by the company's shareholders through a resolution passed by a majority vote. There are two main types:
Members' Voluntary Winding Up: The company is solvent (has enough assets to pay off its debts) and shareholders will receive any remaining assets after debts are settled.
Creditors' Voluntary Winding Up: The company is insolvent and creditors will be prioritized in receiving payment from the sale of assets.
Compulsory Winding Up: This is initiated by a court order, typically at the request of creditors, government agencies, or even by the company itself if it's insolvent.
Process of Winding Up:
Appointment of Liquidator: A qualified professional is appointed to oversee the winding-up process. They are responsible for selling assets, paying off debts, and distributing any remaining funds.
Cease Trading: The company stops its regular business operations.
Notification of Creditors: Creditors are informed about the winding up and invited to submit their claims.
Sale of Assets: The company's assets are sold to generate cash to pay off creditors.
Payment of Debts: Creditors are paid according to a set order of priority, with secured creditors receiving payment before unsecured creditors.
Distribution to Shareholders: If there are any remaining funds after all debts are settled, they are distributed to shareholders according to their ownership stake.
Dissolution: Once all claims are settled and distributions made, the company is officially dissolved and removed from the business register.
Impact of Winding Up:
Employees: Employees will likely lose their jobs during the winding-up process.
Creditors: Creditors may not recover their debts in full, especially if the company is insolvent.
Shareholders: Shareholders may not receive any payout if the company's debts exceed its assets.
Winding up is a complex legal and financial process that can have significant consequences for all parties involved. It's important to seek professional legal and financial advice when considering winding up a company.
1. A charter party is a contract which is negotiated in a free market, subject only to the laws of
supply and demand. While therelative bargaining strengths of the parties will depend on the current stateof the market,
ship owner and charterer are otherwiseable to negotiate their own terms free from any statutory interference. In practice,
however, they will invariably select a standard form of charter party as the basis of their agreement, to which they will probably
attach additional clauses to suit their own requirements. These standard forms have a variety of origins. Some have developed
over a number of years in association with a particular trade, such as grain, coal or ore, while others have been designed by
individual firms with a monopoly in a particular field, such as the transport of oil. A considerable number which have appeared
during the past century, however, are the products of the documentary committees of such bodies as the United Kingdom
Chamber of Shipping, the Baltic and International Maritime Conference and theJapanese Shipping Exchange, on many of which
both ship owner and charterer interests are represented.
There are essentially two basic forms of carriage charter, depending upon whether the vessel is
chartered for a period of time or for one or more voyages. In both instances the ship owner
retains control of equipping and managing the vessel and agrees to provide a carrying service. In
the case of the voyage charter he undertakes to carry a cargo between specified points, whereas
in a time charter he agrees to place the carrying capacity of his vessel at the disposal of the
charterer for a specified period of time.
In either case, once the cargo is loaded, a bill of lading will be issued which will act, not only as
a receipt for the cargo shipped, but also as prima facie evidence of the terms of the contract of
carriage.With the development of international trade and documentary credits, bills of lading
have acquired a third function, that of acting as negotiable documents of title in situations where
the shipper requires to transfer the ownership of cargo while it is in transit.
Difficulties arise in distinguishing the effects of the two types of contract of carriage in
situations where both charterparties and bills of lading are in use at the same time. Thus
charterers shipping their own goods on a chartered vessel require at least an acknowledgement
of the quantity of goods taken aboard and the condition in which they were shipped.
Bills issued to a charterer in such circumstances act merely as receipts for the cargo shipped
and as potential documents of title should the charterer decide to sell the goods while they
are still in transit. But the bills provide no evidence of the terms of the contract of carriage
between shipowner and charterer since their relationship is governed solely by the terms of
the charterparty.
Contract of affreighement or the contract of carriage of goods by sea
When you hire the whole ship the contract of affreighement is called charter parties. And when
the service of general ship is taken …………………………………..bill of lading.
Condition of contract of aff. And bill of lading:-
Sea worthiness of ship when ship is in condition to deal with normal conditions of the
sea.
Ship should be ready for the commencement of voyage at time date place mentioned as
per contract.
No deviation from the prescribed path.
Ship should not be tranferry dangerous object.
2. Kinds of bill of lading:-
Clean bill of lading
Dirty bill of lading
Through bill of lading
Received bill of lading
On board bill of lading