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Protection and indemnity insurance. Protection and indemnity insurance, more commonly known as P&I insurance, is a form of mutual maritime insurance provided by a P&I club. [1] Whereas a marine insurance company provides "hull and machinery" cover for shipowners, and cargo cover for cargo owners, a P&I club provides cover for open-ended risks ...
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.
Drayage is the transportation of shipping containers by truck to its final destination. [1] [2] Drayage is often part of a longer overall move, such as from a ship to a warehouse. Some research defines it specifically as "a truck pickup from or delivery to a seaport , border point, inland port , or intermodal terminal with both the trip origin ...
The word "call" is a shortened form of "call for", which means "to come and get", so "will call" literally means " (the customer) will call for (come and get) the goods." [1] In a linguistic process similar to initial-stress derived nominalization, the first syllable of the noun phrase is usually stressed (" will call") rather than the second ...
See also: List of special economic zones and List of free-trade zones In special economic zones business and trades laws differ from the rest of the country. The term, and a number of other terms, can have different specific meanings in different countries and publications. Often they have relaxed jurisdiction of customs or related national regulations. They can be ports or other large areas ...
Zim Integrated Shipping Services Ltd., commonly known as ZIM ( Hebrew: צים, tsim; a biblical word meaning "a fleet of ships", Numbers 24:24), is a publicly held Israeli international cargo shipping company, and one of the top 20 global carriers. [1] The company's headquarters are in Haifa, Israel; Founded in 1945, ZIM has traded on the New ...
Sea lane. A sea lane, sea road or shipping lane is a regularly used navigable route for large water vessels ( ships) on wide waterways such as oceans and large lakes, and is preferably safe, direct and economic. During the Age of Sail, they were determined by the distribution of land masses but also by the prevailing winds, whose discovery was ...
Chemical shipping companies (4 P) Commercial management shipping companies (8 P) Container shipping companies (7 C, 74 P) Cruise lines (15 C, 94 P)