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Tuesday , October 23 2018
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Freight Support News

The Principal Regulations Governing Maritime Safety

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The Principal Regulations Governing Maritime Safety The following are the major international shipping conventions, adopted by the International Maritime Organization (and the International Labour Organization) concerning safety and pollution prevention. However, many other maritime instruments concerning more specific issues are also in force worldwide. Dealing with the ship SOLAS (International …

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The Regulation of International Shipping

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The Regulation of International Shipping Merchant shipping is one of the most heavily regulated industries and was amongst the first to adopt widely implemented international safety standards. Regulations concerning shipping are developed at the global level. Because shipping is inherently international, it is vital that shipping is subject to uniform …

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Safety and Regulation

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Safety and Regulation Overview Shipping is the safest and most environmentally benign form of commercial transport. Perhaps uniquely amongst industries involving physical risk, commitment to safety has long pervaded virtually all deep sea shipping operations. Shipping was amongst the very first industries to adopt widely implemented international safety standards. Because …

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What is the legal status of Incoterms?

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What is the legal status of Incoterms? It is important to note the limitations of Incoterms. They do not replace the many and varied legal systems that apply in the world’s countries and trading blocs: and it is these often infuriating legal minefields that freight forwarders encounter daily and in …

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DDU – Delivered Duty Unpaid (named place of destination)

DDU – Delivered Duty Unpaid (named place of destination) Seller delivers the goods to the ultimate destination in the contract. The goods are not cleared for import or unloaded. The buyer is responsible for all costs and risks beyond this point. Any variation must be explicit in the contract.

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DES – Delivered Ex Ship

DES – Delivered Ex Ship (named port of delivery) You may come across this with bulk commodities where seller owns or charters their own vessel. Unlike CFR and CIF, seller bears not just cost, but risk and title until arrival of the vessel at the delivery port. Buyer pays to …

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DAF – Delivered at Frontier

Old Incoterms 2000 types that are not in Incoterms 2010 As mentioned earlier, the parties may choose to use older terms, and the following that are no longer specified by the ICC may still be encountered. DAF – Delivered at Frontier (named place of delivery) For rail and road shipments. Seller …

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CIF Incoterms

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11.CIF Incoterms – Cost, Insurance and Freight (named port of destination) CIF is a very common format and it is identical to CFR: the only difference is that the seller also pays to insure the merchandise. Incoterm 2010 Export-Customs declaration Carriage to port of export Unloading of truck in port …

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CFR Incoterms

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10.CFR Incoterms – Cost and Freight (named port of destination) Under this arrangement (previously known as C&F) the seller must pay the costs and freight to get the goods to their destination port, at which point delivery is achieved (but it is not the seller’s job to clear them through …

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