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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…

The industry of air freight, which is responsible for the shipment of commodities via aerial transport, is an essential part of the economy of the entire world. It is especially helpful in the transportation of high-value and time-sensitive commodities, such as electrical equipment, medications, perishable goods, and automobile parts, amongst other things. Large urban centers…

Trade between the United States and Thailand dates all the way back to the 19th century, and even today, it is an essential component of the relationship that exists between the two nations. The United States exported approximately $14 billion worth of products to Thailand in 2020, while the United States imported approximately $22 billion…

A bill of lading is a formal document that is used in the shipping industry as a receipt for the goods that are being transported. It offers evidence of the owner’s right to possess the items, as well as information regarding the terms of the shipment and the parties involved in the business transaction. When…