An affreightment is a contract with a carrier for the transportation of goods. It outlines the terms and conditions under which the cargo will be transported.
Marine Insurance provides coverage for goods in transit and the vehicles of transportation on waterways, land, and air. It protects against losses and damage to ships, cargo, terminals, and any transport by which property is transferred, acquired, or held between the points of origin and the final destination.
Ocean Marine Protection and Indemnity Insurance provides coverage for bodily injury and property damage liability that are typically excluded under standard ocean marine policies. This insurance extends protections to wharfs, docks, and harbors, and covers costs such as removing wrecks, disinfecting, and quarantining ships.
An order bill of lading (often abbreviated as B/L or BoL) is a negotiable document that serves as a receipt for shipped goods and provides proof of shipment. More importantly, it can be transferred to another party, granting the holder rights to the goods.
