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The sale and purchase of ship is an important aspect of the shipping industry. It may involve large amounts of money and requires brokers to possess knowledge of types of vessels and their function, knowledge of maritime law, as well experience in bargaining .
The conditional bill of sale refers to any assignment or transfer of personal chattels to a person by way of security for the payment of money. The conditional bill of sale creates a security in favour of the grantee of the bill whereby the grantee is given personal right of seizure giving right to a security interest of a possessory nature.
In general, a bill of lading serves as a legal instrument focusing on and documenting such issues as ownership, whereas a cargo manifest is often more concerned with physical aspects of the cargo, such as weight and size. When the cargo is being shipped by several different shipping companies on the same vessel, there will usually be separate ...
The company received a government contract for 3000 boats in 1957. Inspectors expecting a payoff began rejecting boats the company made when they received no compensation. At the end of the year, Correct Craft had delivered 2,200 approved boats but had 600 rejects on hand. The chief inspector returned 40 of the previously accepted boats.
An electronic bill of lading (or eB/L) is the legal and functional equivalent of a paper bill of lading. [27] An electronic bill of lading must replicate the core functions of a paper bill of lading, [28] namely its functions as a receipt, as evidence of or containing the contract of carriage and as a document of title. [citation needed]
She was laid down as yard number 121 at the Newark, New Jersey shipyard of the Submarine Boat Corporation (SBC), one of 132 Design 1023 cargo ships built for the United States Shipping Board (there were 154 ships of the class built in total). [1] She was launched on 15 April 1920, [3] completed in June 1920, [2] and named Suedco.
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