18/02/2008
Hyopsung Shipping Corporation, the TT Club s Network Partner in Korea, alerted us to a circular by the law firm Kim & Chang (Seoul) on amendments to the Maritime Chapter of the South Korean Commercial Code. These amendments include the following points.
When ICHCA International in its International Safety Panel (ISP) recently considered the situation regarding locking lights on spreader frames, it became apparent that a variety of different colour combinations are in use.
In TT Talk Edition 102 (16 October 2007) Hart Security introduced the new ISO 28000 security management standard. A longer description of the business benefits offered by engaging in this standard was set out in House-to-House December 2007. This article continues the theme by identifying how this management standard fits into the current regulatory arena.
01/02/2008
Article 23 (3) of CMR 1956 stipulates a liability limit of 25 francs per kilogram of goods lost or damaged.
Spica Services (Thailand) have circulated a very informative summary by Pramuanchai Law Office C0 Ltd (Bangkok) on the new Thai Act on Marine Salvage, B.E.2550 (2007).
In the Australian case of Hilditch v Dorval Kaiun KK (The Golden Lucy I ), Hilditch, the Australian buyer, purchased from SK Corporation (Korea), the seller, a cargo of refined oil products, including 400 metric tonnes of Yubase 6 (a lubricant for motor engines). For the carriage from Korea to Australia, SK Corporation concluded a charterparty with carriers, Dorval, supplemented by a tanker bill of lading issued in a set of three originals.
19/12/2007
The German Commercial Code dedicates in sections 452-452d a chapter to multimodal transport. Inrecent years a critical question has been whether cargo handling operations at a sea terminal constitute an independent portion of a multimodal transport contract, or whether such cargo handling is still part of the preceding or subsequent sea carriage portion, which generally provides a liability regime that is more favourable to the carrier.
The recent ruling on a five-year long Chinese legal battle is a reminder of the importance of declaring goods correctly.
19/11/2007
A shipper purchases goods in country A with the intention of exporting them to country B. Due to import restrictions in country B on goods from country A, the shipper wants to declare that the origin of the goods is not country A, but instead country C.
ICHCA International (www.ichcainternational.co.uk), the highly regarded membership organisation dedicated to the promotion of safety and efficiency in the handling and movement of goods, reports in its urgent Information Paper 25/2007 on the failure of a container handling spreader, first reported from Port Skills and Safety Ltd (PSSL) in the UK.
If you consider doing business in one of 149 foreign countries and are looking for information on its transport and logistics environment, you may want to consult the 'Logistics Performance Index' developed by the World Bank in cooperation with the Turku School of Economics.
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