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A proof of delivery (POD) is a document that substantiates that goods have been delivered to their intended recipient. [1] For example, a POD can establish that carrier has satisfied its terms of a contract of carriage for cargo by confirmation of delivery to the recipient or consignee .
The ITF Seafarers' Trust was established by the ITF Executive Board in 1981 as a body with charitable status under UK law. [1] The Trust financially supports organisations that directly provide welfare services to seafarers, acting as a lobbyist for change in the maritime community, and support long-term programmes that improve maritime workers’ health and welfare. [2]
A Letter of Understanding (LOU) is a formal text that sums up the terms of an undertakings of a contract which may have been negotiated up to this point only in spoken form or otherwise informally. It reviews the terms of an agreement for a service , a project or a deal and is often written as a step before a more detailed contract is issued.
To secure the release of the ship, Universe Tankships Inc. paid $6,480 into ITWF's welfare fund. ITWF admitted this was an agreement procured by duress, but it argued its actions were protected by immunity from tort in Trade Union and Labour Relations Act 1974 s 13.
Side letters may also be used in relation to private fund contracts, for example a particular investor may wish to vary the terms of a limited partnership agreement with respect to that particular investor. An investor might be seeking more favourable terms under the contract or might need the side letter to enter the venture under terms to ...
The spendthrift clause has three general exceptions to the protection afforded: the self-settled trusts (if the settlor of a trust is also a beneficiary of a trust), the case when a debtor is the sole beneficiary and the sole trustee of a trust, and the support payments (a court may order the trustee to satisfy a beneficiary's support ...
The trustee sale is done by the trustee who is named in the trust deed or the appointed one by the trust deed beneficiary at the time the process of foreclosure is initiated by the beneficiary. An attorney, broker, trust deed services, lender subsidiary or the lender may be appointed to act as the trustee (USA Today 2019). Trustees have the ...
Some creditors may compel payment out of the trust, particularly those who supply the beneficiary with "necessaries" (usually food and shelter, but sometimes clothing and transportation, if these are not extravagant). Most jurisdictions also permit the invasion of spendthrift trust assets to satisfy awards of child support and alimony.