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- W1499872366 abstract "The Law of comparative costs advocates that each country should concentrate on the production of goods which it can produce at a maximum cost advantage in contrast to other countries. It will be impossible for a country to manufacture every single product required by its citizens; there will therefore be a need to import from other countries, goods which cannot be manufactured locally. Herein comes the necessity of shipping goods across national boundaries. Sea transport is the most economical and effective form of transport in international trade as large volumes of goods and services are moved from one nation to the other. In the international trade context, the importance of ships and shipping cannot be underestimated. Carriage of goods by sea involves a variety of contracts between the various parties involved in the particular shipping transaction. One of these is a contract for the carriage of goods by sea made between the shipper (or owner of goods) and the carrier of the cargo (or ship owner). When a ship owner, either directly or through an agent, undertakes to carry goods by sea, or to provide a vessel for that purpose, the arrangement is known as a contract of affreighment." @default.
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- W1499872366 date "2006-01-01" @default.
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- W1499872366 title "THE PRIVITY DOCTRINE AND THIRD PARTY RELIANCE ON BILL OF LADING TERMS" @default.
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