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Consequences Of Securing Merchant Shipping For Contractual Relations In The Carriage Of Seaborne Trade

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Chapter Summary

This chapter assesses the impact of the new maritime security regime on cargoes carried by sea in the global supply chains of international trade. Through a legal and commercial analysis of the regulatory provisions for maritime security and corporate responses to them, it investigates the consequences for the contractual relationships involved in the transport of seaborne trade. Although the maritime security regime is principally addressed to carriers and terminals, since the sole purpose of merchant shipping is to move the worlds trade, the new regulations inevitably also affect cargo owners. Every contract between shipper and ship owner will be subject to the international and national security responsibilities laid on the carrier. Hence it is necessary to analyze their impacts at the level of individual trade transactions to determine the consequences for typical contracts for the carriage of goods by sea.

Keywords: carriage of goods; contractual relationships; global supply chains; maritime security regime; merchant shipping; seaborne trade



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