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The premise of the Hague–Visby Rules (and of the earlier English common law from which the Rules are drawn) was that a carrier typically has far greater bargaining power than the shipper, and that to protect the interests of the shipper/cargo-owner, the law should impose some minimum affreightment obligations upon the carrier.
Later RCM was defined in the standard SAE JA1011, Evaluation Criteria for Reliability-Centered Maintenance (RCM) Processes. This sets out the minimum criteria for what is, and for what is not, able to be defined as RCM. The standard is a watershed event in the ongoing evolution of the discipline of physical asset management.
adopts, this twenty-second day of October one thousand nine hundred and ninety-six, the following Protocol, which may be cited as the Protocol of 1996 to the Merchant Shipping (Minimum Standards) Convention, 1976. As of 2023, the convention had been ratified by 56 states. Of these ratifying states, 45 have subsequently denounced the convention.
At the time of the passage of COGSA the customary freight unit for most cargo was the "revenue ton" - the number of long tons (2240 lb, 1017 kg) or measurement tons (100 cubic feet) that would produce the most revenue for the shipowner.
In commercial shipping, laytime is the amount of time allowed, measured in days (or portions thereof), hours, or even tides, within a voyage charter for the loading and unloading of cargo. [ 1 ] [ 2 ]
Amazon is raising its free shipping threshold for some customers.