System of Bill of Lading
System of Bill of Lading The system of the bill of lading in relation to the delivery of goods is as below:B/Ls can be made deliverable to: A named person,…
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Contents of Bill of Lading
Contents of Bill of Lading Name of the shipper of the goods. Name of the consignee, if known (or quite often if a bank has financed the deal it will…
Types of Bill of Lading
The Shipped B/L: This is the name given to the B/L that is issued when goods are placed on board the vessel. This is issued especially for bulk cargoes and…
Shipping practice
Shipping practice As a future Master of a Ship, to understand Shipping Business, a clear understanding of International Trade is essential.Master may not be directly involved in fixing the cargo…
Time Charter Equivalent (TCE)
Time Charter Equivalent (TCE) A good voyage estimation form will provide the estimator with cues to calculate the time charter equivalent, and cues to increase freight rates in case the…
Time Charter Equivalent (TCE)
Time Charter Equivalent (TCE) A good voyage estimation form will provide the estimator with cues to calculate the time charter equivalent, and cues to increase freight rates in case the…
Voyage Estimation Form
Voyage Estimation Form Most companies develop their own forms to do a voyage estimation calculation. These forms help the estimator do the estimation in an orderly manner. An estimation form…
Backhauling
Backhauling Voyage estimates cover earnings of a vessel from discharge port to discharge port. Most estimates therefore assume that the earnings of a vessel are ‘zero’ for the ballast leg…
Documentation
Documentation To simplify the process of arrival and departure of a ship to the Port, the following forms have been standardized and developed following the FAL convention.The following FAL forms…
The Law relating to the reporting of Ice
The Law relating to the reporting of Ice Ice Patrol Service The Ice Patrol contributes to safety of life at sea, safety and efficiency of navigation and protection of the…
Outline of Rules made under the Merchant Shipping Act
Outline of Rules made under the Merchant Shipping Act Indian Merchant Shipping Act: The Outline of the rules covered by the MS Act is given below for easy reference. You can click…
Certain Miscellaneous Provisions in MS ACT
Certain Miscellaneous Provisions in MS ACT Power to appoint examiners and to make rules as to qualifications of ship surveyorsThe Central Government may appoint persons for the purpose of examining…