Shipping Industry Faces Rising Demurrage Costs in Voyage Charters
This article explores the concept of demurrage in voyage charters and related legal terms, emphasizing the calculation rules and the impact of non-working days.
MSC Invests in Feeder Fleet Modernization Boosts Chinese Shipyards
Mediterranean Shipping Company (MSC) has launched a historic modernization program for its feeder fleet, planning to invest billions of dollars to order 120 new ships between 2026 and 2029, primarily from Chinese shipyards. This initiative aims to replace aging vessels while reinforcing MSC's leadership position in the global shipping market.
DHL Extends ABX Air Partnership to Strengthen US Logistics
DHL and ABX Air have renewed their partnership agreement for five years. ABX Air will continue providing aircraft and operational support for DHL's US international logistics network. Simultaneously, DHL signed a leasing agreement with ATSG, ABX Air's parent company, to expand its cargo fleet. This move aims to strengthen DHL's logistics capabilities in the United States, improve service quality, and provide long-term development opportunities for both parties. The extended cooperation ensures reliable air freight services for DHL's growing needs within the US market.
United Nations Convention On Contracts For The International Sale Of Goods The Legal Foundation Of Global Trade
The United Nations Convention on Contracts for the International Sale of Goods provides a legal framework for global trade, eliminating barriers caused by legal discrepancies. This convention promotes flexibility in contracts and principles of fairness, ensuring that the rights and obligations of both parties are clearly defined, thus fostering the continued development of honest international transactions.
Exploring the Nature of Contracts Between Freight Forwarders and Shippers in International Trade
This case study explores the complexities of the contractual nature between freight forwarders and shippers. With the development of international cargo transportation, maritime freight forwarders can act as either agents or carriers, leading to disputes regarding legal relationships. The crux lies in whether both parties negotiated freight for the entire transport; if the agent's role is not explicitly defined, they may be regarded as the carrier. The findings indicate that specific expressions of intent and the classification of cost types are crucial in determining the nature of the legal relationship.
Export Agency Agreements Key to Global Trade Success
This agreement outlines the fundamental elements of agent export in international trade, emphasizing the responsibilities and obligations of both parties, including the roles of the agent and the principal, fees, quality assurance, and protection of trade secrets. The agreement aims to clarify the cooperation framework, ensure smooth transactions, and reduce legal risks.
Ocean Bill of Lading Filling Guide Master the Complete Process with 15 Essential Tips
This article outlines the essential points for accurately filling out an ocean bill of lading, including crucial information about the shipper, consignee, and notify party. By providing a professional analysis of 15 writing instructions for the ocean bill of lading, it ensures that readers can effectively utilize the document in international trade, thereby enhancing overall transport efficiency and mitigating potential risks.
GXO Heineken UK Expand Beverage Supply Chain Partnership
GXO and Heineken UK have renewed their multi-year partnership, aiming to reshape the UK's alcohol beverage supply chain. GXO will manage Heineken UK's warehousing and distribution network, covering retail, wholesale, and pub channels. By optimizing delivery schedules, investing in advanced technology, and reducing carbon emissions, both companies are committed to building an efficient and sustainable alcohol distribution network. This partnership will meet the market's demand for craft beers, non-alcoholic beverages, and sustainable consumption practices.