Posts Tagged ‘hamburg rules

22
Dec
13

Evolution of Trade Laws

by Muhamad Rizal Avif Khan, Liverpool John Moores University

Freight shipping is acknowledged as one of the most global business, since maritime trade is at the peak of world economic activity (Stopford, 1997 p.2). When cargo owners devise to transport their cargo from one port to another, they need a shipowner or shipping agent to provide cargo vessels. Concomitantly, when shipowner promise to provide their vessels for the purpose of carrying freight by sea, an affreightment contract, a contract between shipowners and other parties to carry goods using their vessel (Wikipedia, 2013a), is a requirement to synchronize comprehension of the cooperation and to be a reference of decision if such problem occurs. This type of contract is under the umbrella of law of carriage by sea. Continue reading ‘Evolution of Trade Laws’




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