Friday, July 17, 2009

Rotterdam Rules

Rotterdam Rules is not the name of a soccer (football) team.

It's the name being given to a new set of rules covering liability, because the official name is "United Nations Convention on Contracts for the International Carriage of Goods".

At least that is what was reported in Lloyd's List.

I thought it use to be called .....Carriage of Goods by Sea, but the new rules are to incorporate intermodal movement, meaning, shipments which are delivered by sea and land combined.

I believe that was at issue, which is why the rules are being rewritten.

I haven't really read up on all the proposed changes, but will try to do so and give a thumbnail sketch of the old rules and the new rules.

It's pretty complicated, but maybe I can hit just the highlights...

This is one reason international shipping gets so complicated.

More later.

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