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Verified Gross Mass (VGM) is a measurement of weight that is used in the shipping industry to assure the safety and security of cargo containers. This measurement was developed in the 1970s. Before the cargo is put into the ship, it is the shipper’s job to provide the VGM to either the carrier or the…

Any company that participates in foreign trade, including importers in the United States, should give serious thought to obtaining cargo insurance at the very least. The fundamental objective of cargo insurance is to offer financial protection in the event that valuable items are stolen or damaged while being transported. As a consequence of this, cargo…

The Long Beach Container Terminal has a long and illustrious history that dates back to the early part of the 20th century and can be found at the Port of Long Beach, which is located in the state of California. The port itself was founded in 1911, but it wasn’t until the 1950s that construction…

The Carriage of Goods by Sea Act (COGSA) is a federal legislation in the United States that regulates the rights and liabilities of parties involved in the shipment of goods by sea. It was enacted in 1920 and has since been amended several times. The “Hague Rules” are the name of an international agreement that…

The International Maritime Organization, also known as the IMO, is a specialized agency of the United Nations that is in charge of regulating and promoting safety and security in the shipping industry in addition to protecting the marine environment. Its official name is the International Maritime Organization (IMO). The International Maritime Organization (IMO) was created…

The concept of general average is a legal theory that dates back centuries and has its roots in maritime law. The notion behind the general average principle is that in the event of unforeseen and extreme occurrences, such as shipwrecks or hurricanes, all of the parties involved in a voyage should share in the losses…