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Uniform Shipping Law Code. Uniform shipping Law Code (USL Code) is one of the shipping laws and regulations of Australia, which provides standards for the design, construction and operation of domestic commercial vessels in Australian waters. The basic idea of the uniform shipping laws code is to harmonize the regulations of the sailing vessels ...
A freight claim or cargo claim is a legal demand by a shipper or consignee against a carrier in respect of damage to a shipment, or loss thereof. [1] [2] [3] Typically, the claimant will seek damages (financial compensation for loss), but other remedies include "specific performance", where the cargo-owner seeks delivery of the goods as agreed.
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] Under a voyage charter or time charter, the shipowner is responsible for operating the vessel, and the master and crew are the employees of the ...
Amount realized, in US federal income tax law, is defined by section 1001 (b) of Internal Revenue Code. It is one of two variables in the formula used to compute gains and losses to determine gross income for income tax purposes. The excess of the amount realized over the adjusted basis is the amount of realized gain (if positive) or realized ...
Revised text of statute as amended. The Merchant Shipping Act 1995 (c. 21) is an act of Parliament passed in the United Kingdom in 1995. It consolidated much of the UK's maritime legislation, repealing several Acts in their entirety and provisions in many more, some dating back to the mid-nineteenth century.
The Pakistan National Shipping Corporation (PNSC) is a Pakistani national flag carrier headquartered in Karachi. [3] The corporation is principally engaged in the business of shipping, including charter of vessels, transportation of cargo and providing commercial, technical, administrative, financial and other services to its subsidiaries and ...