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A freight claim or cargo claim is a legal demand by a shipper or consignee against a carrier in respect of damage to a shipment, or loss thereof. [1] [2] [3] Typically, the claimant will seek damages (financial compensation for loss), but other remedies include "specific performance", where the cargo-owner seeks delivery of the goods as agreed.
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Today, shipping is the country's most important industry worth $ 21.9 billion in 2018. If related businesses are added, the figure jumps to $ 23.7 billion, employs about 392,000 people (14% of the workforce), and shipping receipts are about 1/3 of the nation's trade deficit. [4] [5] In 2018, the Greek Merchant Navy controlled the world's ...
Exclusion clause, personal injury, breach of contract, non-pecuniary loss, restitutionary damages, total failure of consideration. Baltic Shipping Company v Dillon, [1] the Mikhail Lermontov case, is a leading Australian contract law case, on the incorporation of exclusion clauses and damages for breach of contract or restitution for unjust ...
Singleton bound. In coding theory, the Singleton bound, named after Richard Collom Singleton, is a relatively crude upper bound on the size of an arbitrary block code with block length , size and minimum distance . It is also known as the Joshibound. [1] proved by Joshi (1958) and even earlier by Komamiya (1953) .
A UPC-A barcode. A barcode or bar code is a method of representing data in a visual, machine-readable form. Initially, barcodes represented data by varying the widths, spacings and sizes of parallel lines. These barcodes, now commonly referred to as linear or one-dimensional (1D), can be scanned by special optical scanners, called barcode ...
FOB ( free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or inland waterway ...