Rotterdam Rules - Essay Example

Only on StudentShare

Extract of sample
Rotterdam Rules

After coming into effect these changes are bound to reflect on different stakeholders in the maritime business. With an increase in business activities, all around the globe, the sea route has become very busy and active, thus generating more demand for regulations and expertise in Maritime law.
Container and shipping industry is capital intensive business and requires huge amount of investment to start the business. Safety and environmental concerns obviously result in high levels of regulations for the industry. It took well over seven years for the U.N. Commission on International Trade Law (UNCITRAL) and its Working Group III on Transport Law, to deliberate on the nuances of the new legislation for the shipping industry. Subsequently the Comit Maritime International (CMI) took another four years of preparatory work to pave the way for the United Nations to adopt the 'Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea' in December 2008 meeting (Sturley, 2009). The Rotterdam convention is bound to have an impact on different stakeholders in the maritime business in varying measures, depending upon a number of factors. The Cargo owners are certainly an important part in this business. ...
Download paper

Summary

On September 23, 2009 the maritime industry put into practice a new set of rules and regulation termed as Rotterdam Rules, when 15 countries ratified the United Nations Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea…
Author : littlealta

Tags

Rules

Related Essays

Hague Visby Rules
This essay stresses that Hague Rules was limited under the influence of the Carriage of Goods by Sea Act 1924 it also included the bills of lading that were issued, it was applied only to the cargo that were outbound from UK. It was not applicable to other voyages. The Hague-Visby rules were applicable to the international voyages as well. It contained an addendum that was in reference with international voyages. It accounted for the trade between international coasts. It also contained legitimate details, which had rules and regulations which accounted for the rights and an international...
7 pages (1757 words) Essay
The Arbitration Provisions Introduced by the United Nations Conventions for Contracts of Carriage by Sea
The Rotterdam Rules on arbitration emphasizes the right of disputants to choose an arbitration forum that is more convenient to them. At the same time, volume contracts limit these choices and also bind third parties to arbitration agreements between the disputants.3 It therefore appears that the Rotterdam Rules’ arbitration provision contain a number of problems that can be counterproductive to the goal of harmonisation of the international rules applicable to contracts for the carriage of goods by sea. In addition to conflicts contained within the provisions and definition complications,...
35 pages (8785 words) Research Paper
RULES OF EVIDENCE ADMISSIBILITY
Despite the gigantic evidence presented against the suspect, the defense attorney, Johnnie Cochran was able to convince the jurors that there was reasonable doubt that O.J Simpson had actually committed crimes against him (Schuetz and Lilley, 1999). The case is America’s most publicized. However, Cochran’s success did not rely mostly on evidence or lack of it but maximized on the trivial errors committed by both the prosecutors and the Los Angeles Police Department at the crime scene and the court room (Kaplan, 2009). The tampered gloves, inconsistencies in the blood sample handling and...
5 pages (1255 words) Research Paper
Critically assess the impact of the Hague-Visby Rules in relation to duties of a carrier.
Introduction Before and at the start of 19th century , a bill of lading offered by a ship owner contained wide exclusion clauses due to which a genuine claim cannot be made against the carrier in case if there was a loss or damage to the cargoes. The Hague Rules were consented in an international conference held at Brussels in the year 1924, and it is concerned with the accountability for damage or loss to goods carried by a ship under a bill of lading. The Hague regulations were intended to be applicable to all exports from any country, which acknowledged The Hague regulations.
12 pages (3012 words) Essay
Rotterdam Rules Essay
The evidence and examples have been analyzed which are in turn taken from credible sources and authors....
10 pages (2510 words) Essay
Tracing Rules
It need not be a proprietary right. Often the tracing exercise begins with a bank account, which is a personal right against a bank.1 And sometimes, the repository of value with which the plaintiff begins is not a right at all, but is rather in the form of services. Services can enhance the value of assets, and in this way the value inherent in the services can be traced into the enhanced asset. It is sometimes said that a prerequisite to tracing in a court of equity is the establishment of a fiduciary relationship.2 If this were true, the consequences would be startling. A trustee sells trust...
8 pages (2008 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!