MT1003 TRADE PRACTICE & INCOTERMS

Importance of sale contract and the contract with the carrier, Inter-modal and multi-modal transports, Agreements of sale and purchase, Incoterms 2000 or latest version, Methods of Payment of freight, Characteristics and bills of lading - liability and limitations, Risk and insurance of vessels and cargo, Basic Chartering and Ship Broking Terms, Legal aspects and some commercial aspects of chartering contracts, Carriage of Goods by Sea e.g. Hague Rules, Hague/Visby Rules, Carrier's Liabilities and Limitations, Exceptions, Defences available, Burden of Proof.