Documentary credit system
4 mins
Documentary credit system of transactionThis is a sort of money transfer system to enable sellers to obtain…
4 mins
Deviation
7 mins
The master is expected to proceed from the load port to the discharge port without delay and…
BILL OFLADING (DELIVERY OF GOODS)
13 mins
When a person, who is the holder of a bill of lading, does not want to negotiate…
INCOTERM
19 mins
INCOTERMS in the short form for International Commercial Terms. It is the Trademark of International Chamber of…
Insurance and Claims
78 mins
VESSEL INSURANCE COVERAGE Company vessels are covered by several types of marine insurance policies, including Hull and…
SURVEYS OF HULL & MACHINERY ITEMS
15 mins
All Class Record files, including Enhanced Survey files, where applicable, must be kept in safe custody of…
Carriage of Goods by Sea Act (“COGSA”)
15 mins
The Carriage of Goods by Sea Act (“COGSA”) defines the basic relationship—duties, liabilities, rights, and immunities—between ocean…
Cyber security management plan
6 mins
Contents of the Plan The ISM Code, supported by the IMO Resolution MSC.428(98), requires ship owners and…
Checks to carry out in the bill of lading as master. Who is authorised to sign BL
15 mins
Checks to be made before singing bills of lading Description & Condition of Cargo The Master must…
Master’s discretion – and difference between master’s overriding authority w.rt. ISM code
4 mins
SOLAS regulation V/34. 1 makes it illegal for a person to compromise the master’s discretion in decision-making.…