Classification of Bill of Lading

Classification of Bill of Lading

Classification of Bill of Lading Classification of Bill of Lading By method of execution Open B/L Straight B/L Bearer B/L Ordered B/L Classification of Bill of Lading By method of operation Received for shipment B/L Shipped B/L Through B/L Combined transport B/L   By method of execution Open B/L Unless otherwise expressly provided, the B/L is a freely…

Bill of lading

Bill Of Lading

Bill Of Lading (BOL) Bill Of Lading Definition: Section 6 of Bill of lading act 1856 defines Bill of lading as the document, which acknowledges the receipt of goods for shipment, received onboard a particular ship for carriage by sea and delivery to shippers order. Halls Bury Law Of England (Legal Dictionary) According to Halls Bury…

Marine Insurance

MARINE INSURANCE Definition: Marine insurance is a contract in which the insurer undertakes to indemnify the insured against the future marine losses incidental to the marine adventure as per the agreed terms of contract.   What is Contract? Offer = acceptance = Promise Promise + consideration = Agreement Agreement + Legal enforce-ability = contract   Insurance…

Statutory Certificates to be carried by a ship

What are Statutory Certificates? & Mandatory Certificates? – Those certificates which are required by the law with respect to safety and environment protection that the vessel is required to comply with, are called statutory certificates. E.g-SOLAS, MARPOL, STCW, MLC 2006 What are Mandatory Certificates? 1 . Certificates which are required for trading purpose.  Ship’s registry certificate is a…

Total Quality Management

Total quality management

Total quality management Total quality management is a management technique which entails a continuous effort by the management as well as employees of a particular organization to ensure customer satisfaction, acquire their loyalty for future business opportunities, as well as attract other prospective clients. This type of management approach has been in use in other…