Sample Essay on:
The Shipping Sectors : Legal and Insurance Issues

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Essay / Research Paper Abstract

This 7 page tutorial provides two parts, one addressing issues pertinent to legal issues, and the other answering four questions regarding marine insurance. Shipping law focuses on the United Kingdom and the questions in the second part include information about specific terminology and requirements that shippers should be cognizant of. Bibliography lists 5 sources.

Page Count:

7 pages (~225 words per page)

File: RT13_SA037shp.rtf

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Unformatted sample text from the term paper:

make money, but like any industry, shipping has its problems. Anyone embarking on a field relating to shipping must be aware of a multitude of regulations, the implications of international law and insurance issues. Products in transit can become damaged. The ship itself could sink or suffer damage. Therefore, contracts and insurance policies purchased in the course of doing business in this industry is vitally important. United Kingdom legal requirements as a consequence of recommendations made in an earlier report are relevant here. A student writing on this topic, in order to avoid difficulties in Britain, will want to research the law in depth. For example, one law that is relevant is the Merchant Shipping and Maritime Security Act of 1997. The law lays out the requirements such as the temporary exclusion zones, powers of intervention when a shipping accident threatens pollution and powers of intervention in cases of pollution by substances other than oil ("Merchant" PG). Those are just a few of many issues that the law addresses. One can see that the rules are quite intricate and special attention needs to be paid to the law in order to circumvent any potential threat to the company. Shipping law is quite complex because it is by nature international and a great many issues enter the picture. In this specific example, Southampton is the home port so British law becomes most relevant. In discerning the different types of contracts for liner and charter services, it is important to note that there are differences and similarities between the two. In general, regarding shipping law in the United Kingdom, exclusions of liability is quite common as it is in other contracts (Reynolds PG). Breach is another issue. The main difficulties with that were first argued at the highest level in England ...

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