An introduction to the world's biggest industry. Before the construction of any vessel commences, the ship designers together with the nominated class societies shall design the proposed design with the future owner. The publication explores not only the vessels themselves with the shipping markets, but also the geography of the commercial maritime world, considering most important legal aspects of the shipping industry.
In addition, the authors pay due attention to the corporate structures and fundamental accounting matters, taking into consideration that all commerce is eventually dealing with money. The content of the volume opens with introductory chapters on maritime geography and shipping business including the basics of the theory of trade.
The following several chapters are devoted to the practitioners including ship managements and sale of ships, supply of ships including their registration and classification as well as PSC related issues, and liner trades including brief historical background, containerization and liner documentation. Two closing chapters of the book are dealing with the accounts and law of carriage covering absolutely all items that deserve attention.
Such approach has made this book a real must-have to all people interested in the shipping industry, both ashore and at sea, commercial and technical. There are as much as thirty-one appendices to the book providing lots of supplementary information.
The present publication was released by ICS with the intention to clearly describe the way that the modern maritime shipping law affects the industry. The author of the volume has provided a good and easily understandable description of this industry aspect and how it works, explaining in detail the charter parties together with the various types of documentation related to the shipping, for example waybills and bills of lading.
He has also described the fundamental principles and basic components of contract law. The content of the volume contains thorough explanation of the shipping law concepts, case law, precedent and their contrast with the statute law. That is why this volume is considered essential reading for all people with the interest in legal principles and will also be useful to any persons willing to expand their understanding of this subject. It is very important to understand all legal rules as it helps in minimizing the potential risks, and the law philosophy commonly plays critically important role.
There is no law system that would be totally independent from the society in which it exists. The readers will get to understand this as they go through the material in this volume. Apart from the good introduction to the shipping law, the publication covers such important matters as the contract law and tort, charter parties, voyage charters, agency and bills of lading, dispute resolution and carriage related conventions etc.
This remarkably authoritative book written by one of the most recognized experts in the world of maritime economics may be treated as both a perfect introduction to the maritime shipping economics and a very valuable reference source to be used by the commercial practitioners. It is a very reader-friendly publication intended for those needing a thorough and clear overview of the commercial and economic issues that are commonly involved in the ownership, chartering and management of the ships.
The author has provided an excellent description of the major canals and marine ports together with the economies of scale in vessel sizes. There are many data diagrams and informative graphs supplementing the explanations of the demand and supply of the shipping industry. The content of the volume examines the broader maritime industry including tanker ships, dry cargo vessels, the liner trading and ship sale. The author also describes the main factors contributing to the cycles affecting the shipping industry of today.
The ship management and the information required by the ship brokers for effective operation of the vessels have been covered in the pages of this book making it even more valuable. The book details the commercial and contractual fundamentals considered specific to the shipping industry and covering the balance of payments and other important aspects.
This publication has been initially acclaimed as the reference source addressing the law related to the time charters - the present latest edition of the book provides all readers with a remarkably comprehensive treatment of the subject presented in a very accessible way that made the book so useful and popular among maritime lawyers and ship owners as well as charterers, insurers and other involved parties.
The book covers both US and English law and has been significantly updated with all major decisions since the previous releases. Here are some of the English law decisions that have been covered - The Kos, The Kyla, The Captain Stefanos, The Athena, The Kildare, The Wren, The Silver Constellation, The Lehmann Timber and others; while the US law decisions addressed are The Athos I, The M/V Samho Dream and some others. Definitely valuable must-have source for every maritime lawyer.
Errata file is also included in the pack. In this release of the publication the material has been reordered and rewritten to bring it in line with the intention of the authors to make it easily accessible and understandable not only to the professional maritime lawyers. The authors were trying to present the maritime law in the subject area in a manner which would help people engaged in chartering and operating vessels...
The publication has been already widely recognized as one of the leading authorities on voyage charters and is currently treated as the most comprehensive and remarkably intellectually-rigorous analysis of the subject area - it is cited by arbitrators and in court on quite regular basis and shall definitely be considered as the excellent to-go guidance for disputing and drafting the charter party contracts.
The book is intended to provide readers with the thorough clause-to-clause analysis of the two charter party forms, namely the Asbatakvoy form and the Gencon standard charter party. The authors also deliver treatment of Hague and Hague-Visby Rules, and of COGSA, together with the good comparative analysis if English and US law; the boo also contains a detailed section dedicated to the arbitration awards.
This is the fourth edition of the book - note that it is the only book dealing specifically with the subject key area of maritime law and containing wealth of duly updated arbitrations and case law, conflict of laws and other important aspects. The publication is very user-friendly and this feature makes it accessible not only to maritime lawyers but also the other professionals of the shipping industry - we would recommend to treat this textbook as a practical guidance for all shipping law practitioners and students studying maritime law.
Here is a remarkably comprehensive publication that may serve as an excellent contribution to the literature relating to the maritime economics - it shall definitely be treated as the standard reference in the shipping industry. The publication provides readers with a good in-depth coverage of the whole scope of important issued related to the shipping industry and port economics.
The key features of it would include a truly unprecedented survey of maritime economics performed by the author covering the majority of the items involves, thorough examinations offering an updated study of the industry including all important aspects of maritime industry, logistics issues, port maintenance and management, as well as interesting discussions on the security of ships and ports and, of course, typical problems connected with the environment protection.
The book presents some original theories related to the maritime carriers and shipping ports, and features very valuable contributions from the most recognized and respected international professionals. The first part of the book is introductory while the other three parts cover maritime carriers and markets, ship economics, shipping economics and, finally, port economics.
In the several years that have passed since the times when the first Handbook was released, everyone has noticed numerous events that impacted the shipping markets. The present release of the Handbook contains numerous chapters covering such the important aspects of the maritime economics and business as the business during the XXI century, globalization-related issues, patterns of the international shipping, energy economics, shipping freight markets, shipping market cycles, modal split functions, recreation of the profit/loss of voyages conducted in the very distant past, a brief overview of the today's dry bulk shipping industry, short sea shipping, the tanker marker, its structure and associated economic analysis, co-operation and competition in liner shipping, the evolution of the global supply chain management plus the response of the liner shipping companies.
There is a separate part that has been dedicated solely to the vessel safety and pollution from ships, covering economic measures for air pollution control, accident analysis etc. The other chapters address shipping operations and management, shipping investments, finance and strategy, port economics and various important management aspects of the international logistics, information technology in logistics and shipping business, and others. The book has been influenced by the events that occurred in the early XXI century...
As it is seen from the title, this book provides most of the acronyms and abbreviations that are in use in shipping industry and international trade. It was prepared by Peter Kapoor, Master Mariner. Here is the second edition of the publication. Due to the very rapid advances occurred to the technology and commerce, including ones in maritime industry, so many new abbreviations have been introduced, and all of those newly appeared abbreviations have actually been unabated during last decades.
This made the author completely revise the first edition of this book in order to update it with the results of the very latest developments in the shipping industry and commerce. The format of the book has been significantly simplified to make all of the acronyms and abbreviations appear in one alphabetical sequence - this made the book much easier to use. In fact, the previous edition of the publication only included those foreign acronyms and abbreviations for which the full form was readily available.
The author has changed his approach and no the second edition of the book includes all foreign abbreviations, even if their full term is not available. The book will be very useful for the workers of the shipping companies and anyone involved in the shipping industry and dealing with the commercial matters.