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Hyopsung Shipping Corporation, the TT Club s Network Partner in Korea, alerted us to a circular by the law firm Kim & Chang (Seoul) on amendments to the Maritime Chapter of the South Korean Commercial Code. These amendments include the following points.
18/02/2008
1. Locking lights on spreader frames
18/02/2008
When ICHCA International in its International Safety Panel (ISP) recently considered the situation regarding locking lights on spreader frames, it became apparent that a variety of different colour combinations are in use.
In TT Talk Edition 102 (16 October 2007) Hart Security introduced the new ISO 28000 security management standard. A longer description of the business benefits offered by engaging in this standard was set out in House-to-House December 2007. This article continues the theme by identifying how this management standard fits into the current regulatory arena.
01/02/2008
Article 23 (3) of CMR 1956 stipulates a liability limit of 25 francs per kilogram of goods lost or damaged.
01/02/2008
1. New Thai law on salvage
01/02/2008
Spica Services (Thailand) have circulated a very informative summary by Pramuanchai Law Office C0 Ltd (Bangkok) on the new Thai Act on Marine Salvage, B.E.2550 (2007).
01/02/2008
In the Australian case of Hilditch v Dorval Kaiun KK (The Golden Lucy I ), Hilditch, the Australian buyer, purchased from SK Corporation (Korea), the seller, a cargo of refined oil products, including 400 metric tonnes of Yubase 6 (a lubricant for motor engines). For the carriage from Korea to Australia, SK Corporation concluded a charterparty with carriers, Dorval, supplemented by a tanker bill of lading issued in a set of three originals.
The German Commercial Code dedicates in sections 452-452d a chapter to multimodal transport. Inrecent years a critical question has been whether cargo handling operations at a sea terminal constitute an independent portion of a multimodal transport contract, or whether such cargo handling is still part of the preceding or subsequent sea carriage portion, which generally provides a liability regime that is more favourable to the carrier.
19/12/2007
1. Enforcement of civil judgments in China
The recent ruling on a five-year long Chinese legal battle is a reminder of the importance of declaring goods correctly.
A shipper purchases goods in country A with the intention of exporting them to country B. Due to import restrictions in country B on goods from country A, the shipper wants to declare that the origin of the goods is not country A, but instead country C.