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Maritime Insurance
Marine insurance covers the physical loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination. Cargo insurance is the sub-branch of marine insurance, though Marine insurance also includes Onshore and Offshore exposed property, ( container terminals, ports, oil platforms, pipelines), Hull, Marine Casualty, and Marine Liability. When goods are transported by mail or courier or related post, shipping insurance is used instead. History In December 1901 and January 1902, at the direction of archaeologist Jacques de Morgan, Father Jean-Vincent Scheil, OP found a 2.25 meter (or 88.5 inch) tall basalt or diorite stele in three pieces inscribed with 4,130 lines of cuneiform law dictated by Hammurabi (c. 1792–1750 BC) of the First Babylonian Empire in the city of Shush, Iran. Code of Hammurabi Law 100 stipulated repayment by a debtor of a loan to a creditor on a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Container Terminal
A container port or container terminal is a facility where cargo containers are transshipped between different transport vehicles, for onward transportation. The transshipment may be between container ships and land vehicles, for example trains or trucks, in which case the terminal is described as a ''maritime container port''. Alternatively, the transshipment may be between land vehicles, typically between train and truck, in which case the terminal is described as an ''inland container port''. In November 1932, the first inland container port in the world was opened by the Pennsylvania Railroad company in Enola, Pennsylvania. Port Newark-Elizabeth on the Newark Bay in the Port of New York and New Jersey is considered the world's first maritime container port. On April 26, 1956, the Ideal X was rigged for an experiment to use standardized cargo containers that were stacked and then unloaded to a compatible truck chassis at Port Newark. The concept had been developed by the M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Louvre
The Louvre ( ), or the Louvre Museum ( ), is the world's most-visited museum, and an historic landmark in Paris, France. It is the home of some of the best-known works of art, including the ''Mona Lisa'' and the ''Venus de Milo''. A central landmark of the city, it is located on the Right Bank of the Seine in the city's 1st arrondissement (district or ward). At any given point in time, approximately 38,000 objects from prehistory to the 21st century are being exhibited over an area of 72,735 square meters (782,910 square feet). Attendance in 2021 was 2.8 million due to the COVID-19 pandemic, up five percent from 2020, but far below pre-COVID attendance. Nonetheless, the Louvre still topped the list of most-visited art museums in the world in 2021."The Art Newspaper", 30 March 2021. The museum is housed in the Louvre Palace, originally built in the late 12th to 13th century under Philip II. Remnants of the Medieval Louvre fortress are visible in the basement ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Creditor
A creditor or lender is a party (e.g., person, organization, company, or government) that has a claim on the services of a second party. It is a person or institution to whom money is owed. The first party, in general, has provided some property or service to the second party under the assumption (usually enforced by contract) that the second party will return an equivalent property and service. The second party is frequently called a debtor or borrower. The first party is called the creditor, which is the lender of property, service, or money. Creditors can be broadly divided into two categories: secured and unsecured. *A secured creditor has a security or charge over some or all of the debtor's assets, to provide reassurance (thus to ''secure'' him) of ultimate repayment of the debt owed to him. This could be by way of, for example, a mortgage, where the property represents the security. *An unsecured creditor does not have a charge over the debtor's assets. The term creditor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chartered Company
A chartered company is an association with investors or shareholders that is incorporated and granted rights (often exclusive rights) by royal charter (or similar instrument of government) for the purpose of trade, exploration, and/or colonization. Notable chartered companies (with years of formation) Austrian British The article ''Chartered Companies'' in the ''Encyclopædia Britannica'' Eleventh Edition, by William Bartleet Duffield, contains a detailed narrative description of the development of some of the companies in England and, later, Britain. Dutch English French German Polish-Lithuanian Portuguese Russian *1799–1867 Russian-American Company Scandinavian Scottish Spanish Italian From 3 August 1889 to 15 May 1893 Filonardi was the first Governor of Italian Somaliland and was in charge of an Italian company responsible for the administration of the Benadir territory, called Societa' Filonardi. *1889 – 1893 Filonardi Company Zionis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Factor (agent)
A factor is a type of trader who receives and sells goods on commission, called factorage. A factor is a mercantile fiduciary transacting business in his own name and not disclosing his principal. A factor differs from a commission merchant in that a factor takes possession of goods (or documents of title representing goods, such as a bill of lading) on consignment, but a commission merchant sells goods not in his possession on the basis of samples. Most modern factor business is in the textile field, but factors are also used to a great extent in the shoe, furniture, hardware, and other industries, and the trade areas in which factors operate have increased. In the United Kingdom, most factors fall within the definition of a mercantile agent under the Factors Act 1889 and therefore have the powers of such. A factor has a possessory lien over the consigned goods that covers any claims against the principal arising out of the factor's activity. A debt factor, whether a perso ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shipping Agency
A shipping agency or shipping agent is the designated person or agency held responsible for handling shipments and cargo, and the general interests of its customers, at ports and harbors worldwide, on behalf of ship owners, managers, and charterers. In some parts of the world, these agents are referred to as port agents or cargo brokers. There are several categories of shipping agents such as: ''port agents'', ''liner agents,'' and ''own agencies'', each rendering specific services depending on the shipping company they represent. In other words, a ship agent is any person or company that carries out the functions of an agent. They can be in business as a ship agent, or they perform such functions as an adjunct to, or conjunction with, other activities such as ship owning or operating, providing cargo handling or similar. Shipping agents will usually take care of all the regular routine tasks of a shipping company quickly and efficiently. They ensure that essential supplies, cr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contractual Term
A contractual term is "any provision forming part of a contract". Each term gives rise to a contractual obligation, the breach of which may give rise to litigation. Not all terms are stated expressly and some terms carry less legal gravity as they are peripheral to the objectives of the contract. The terms of a contract are the essence of a contract, and tell the reader what the contract will do. For instance, the price of a good, the time of its promised delivery and the description of the good will all be terms of the contract. Classification of term Condition or Warranty Conditions are major provision terms that go to the very root of a contract breach of which means there has been substantial failure to perform a basic element in the agreement. Breach of a condition will entitle the innocent party to terminate the contract. A warranty is less imperative than a condition, so the contract will survive a breach. Breach of either a condition or a warranty will give rise to dama ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contract
A contract is a legally enforceable agreement between two or more parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfer of goods, services, money, or a promise to transfer any of those at a future date. In the event of a breach of contract, the injured party may seek judicial remedies such as damages or rescission. Contract law, the field of the law of obligations concerned with contracts, is based on the principle that agreements must be honoured. Contract law, like other areas of private law, varies between jurisdictions. The various systems of contract law can broadly be split between common law jurisdictions, civil law jurisdictions, and mixed law jurisdictions which combine elements of both common and civil law. Common law jurisdictions typically require contracts to include consideration in order to be valid, whereas civil and most mixed law jurisdictions solely require a meeting of the mind ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maturity Date
Maturity or immaturity may refer to: * Adulthood or age of majority * Maturity model ** Capability Maturity Model, in software engineering, a model representing the degree of formality and optimization of processes in an organization * Developmental age, the age of an embryo as measured from the point of fertilization * Mature technology, a technology has been in use and development for long enough that most of its initial problems have been overcome * Maturity (finance), indicating the final date for payment of principal and interest * Maturity (geology), rock, source rock, and hydrocarbon generation * Maturity (psychological), the attainment of one's final level of psychological functioning and the integration of their personality into an organized whole * Maturity (sedimentology), the proximity of a sedimentary deposit from its source * Sexual maturity, the stage when an organism can reproduce, though this is distinct from adulthood See also * Evolution * Maturation (disambiguat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Repayment Plan
A repayment plan is a structured repaying of funds that have been loaned to an individual, business or government over either a standard or extended period of time, typically alongside a payment of interest. Repayment plans are prominent within the financial industry of a national economy where liquid funds are in high demand to assist in investment opportunities, governmental expenditure or personal finance. The term first saw prominence with its use by the International Monetary Fund to describe its form of financial loan repayment from individual nations. Typically, the term "repayment plan" refers to the system of Federal Student Aid in the United States of America, which assists in covering tertiary education expenses of domestic students. History Repayment plans have historically existed within the economies of the developed world where the financial markets are more established and have expanded over a longer period of time. During the expansion of the global economies duri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banker (ancient)
The banker of ancient times was employed within financial activities, during the ancient Mesopotamian, ancient Greek and ancient Roman periods. Mesopotamia While certain families of Mesopotamia might be thought of as banking families, according to one source, these families' economic activities were not banking proper. This is because the families charged the same for loans as they gave in interest on deposits, so accordingly, their situation with foreign enterprises was one in which they did not participate in arbitrage, in addition to the absence of an economic situation where-by credit provision might increase the quantity of specie (i.e. coins) present with individuals. The House of Egibi were such a family, living during the Neo-Babylonian and Persian periods, and the House of Murashu were another, living at a time during the 5th century BCE. In addition to these two, the Borsippa based family, '' Ea-iluta-bani'', were also active during the Neo-Babylonia time-period and lat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loan
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower. The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice, any material object might be lent. Ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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