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Standard Carrier Alpha Code. The Standard Carrier Alpha Code ( SCAC) is a privately controlled US code used to identify vessel operating common carriers (VOCC). It is typically two to four letters long. The National Motor Freight Traffic Association developed the SCAC code in the 1960s to help road transport companies computerize data and records.
A freight claim or cargo claim is a legal demand by a shipper or consignee against a carrier in respect of damage to a shipment, or loss thereof. [1] [2] [3] Typically, the claimant will seek damages (financial compensation for loss), but other remedies include "specific performance", where the cargo-owner seeks delivery of the goods as agreed.
Today, shipping is the country's most important industry worth $ 21.9 billion in 2018. If related businesses are added, the figure jumps to $ 23.7 billion, employs about 392,000 people (14% of the workforce), and shipping receipts are about 1/3 of the nation's trade deficit. [4] [5] In 2018, the Greek Merchant Navy controlled the world's ...
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Exclusion clause, personal injury, breach of contract, non-pecuniary loss, restitutionary damages, total failure of consideration. Baltic Shipping Company v Dillon, [1] the Mikhail Lermontov case, is a leading Australian contract law case, on the incorporation of exclusion clauses and damages for breach of contract or restitution for unjust ...