Insurance contract is essentially a contract between the insurer and the insured.

To unite the freight forwarding industry worldwide is one of FI’s mainobjectives.

A delivery order is issued by the carrier or his agent to enable the consignee or his agentto take delivery of the cargo from the vessel .

FOB means that the seller delivers when the s pass the ship’s rail at the namedport of discharge .

The CFR term can be used only for sea and inland waterway transport .

Mate’s receipt is issued by the forwarder to the shipper.

Loading and unloading costs, bunkers, stores and crew costs are all fixed costs.

The UCP600 published by the International Chamber of Commerce came intoforce on January 1st, 2007.

Time chartering means that the charterer hires the vessel for a period of time without crew.

ICC (C) does not cover risks of war, strike, but covers loss of or damage to cargocaused by earthquake or sinking.