Shipping Contracts Definition | Law Insider (2024)

  • Existing Contracts means the existing licenses and contracts given by the Railway Administration / Authority, in relation to commercial establishments, as existing on Station Development Land, as on the date of the Agreement, and as further set out in the Schedules, which shall, for avoidance of doubt, exclude any licenses and/ or contracts in relation to any Excluded Activities and/or Railway Operational Activities;

  • Training Contract means an agreement signed by the employer and the Apprentice or Trainee (and a parent or guardian if applicable), in accordance with the Act and Regulatory requirements.

  • Supply Contracts means contracts having as their object the purchase, lease, rental or hire-purchase, with or without an option to buy, of products. A supply contract may include, as an incidental matter, siting and installation operations;

  • Shipbuilding Contract means the shipbuilding contract dated 30 March 2011 and made between the Builder and the Borrower for the construction by the Builder of the Ship and its purchase by the Borrower as supplemented and amended from time to time;

  • Customer Contracts has the meaning set forth in Section 1.1(b)(ii)(A).

  • Existing Contract means a contract that was made before the operative date;

  • Building Contract means a contract entered under Transportation Code, Chapter 223, Subchapter A for the construction or maintenance of a Department building or appurtenant facilities and considered to be a Highway Improvement Contract as defined in Texas Administrative Code, § 9.11.

  • Sub-contracting means the primary contractor’s assigning or leasing or making out work to, or employing another person to support such primary contractor in the execution of part of a project in terms of the contract.

  • Charter contract or "contract" means a fixed-term, renewable contract between a

  • Business Contracts has the meaning ascribed to it in Section 1.01(a)(v).

  • Contracts means all contracts, leases, subleases, arrangements, commitments and other agreements, whether written or oral, including, without limitation, all license agreements, customer agreements, vendor agreements, purchase orders, installation and maintenance agreements, computer software licenses, hardware lease or rental agreements.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Gas Transporter means the licensed operator of the transportation network through which gas is transported to you;

  • Supply Agreements has the meaning set forth in Section 7.1.

  • Sub-Contractors means those persons furnishing labor or materials for the Project pursuant to the Sub- Contracts.

  • IT Contracts means all material agreements or arrangements (whether or not in writing and including those currently being negotiated) under which any third party (including, without limitation, any source code deposit agent) provides or will provide any element of, or services relating to, the IT Systems, including leasing, hire purchase, licensing, maintenance, website hosting, outsourcing, security, back-up, disaster recovery, insurance, cloud computing and other types of services agreements.

  • Project Contracts means collectively this Agreement, the Land Lease Agreement, the Construction Contract, O&M Contracts (if any) and any other material contract (other than the Financing Documents) entered into or may hereafter be entered into by the Concessionaire in connection with the Project;

  • Supply contract means a contract under which a lessor buys or leases goods to be leased.

  • Oil and Gas Hedging Contracts means any oil and gas purchase or hedging agreement, and other agreement or arrangement, in each case, that is designed to provide protection against oil and gas price fluctuations.

  • Air Transportation Business means the carriage by aircraft of persons or property as a common carrier for compensation or hire, or carriage of cargo or mail by aircraft, in air commerce, as defined in 49 U.S.C. § 40102, as amended.

  • Procurement Contract or “Contract” means any written agreement of the Authority for the acquisition of goods or services of any kind in the actual or estimated amount of $25,000, or more.

  • Seller Contracts means all Contracts (i) relating to the Business under which Seller has or may acquire any rights or benefits, (ii) relating to the Business under which Seller has or may become subject to any obligation or Liability or (iii) by which any of the Purchased Assets or Assumed Liabilities is or may become bound.

  • Continuing Contract means a contract for Professional Services entered into in accordance with Section 287.055 of the Florida Statutes, between the District and a firm, whereby the firm provides Professional Services to the District for projects in which the costs do not exceed two million dollars ($2,000,000), for a study activity when the fee for such Professional Services to the District does not exceed two hundred thousand dollars ($200,000), or for work of a specified nature as outlined in the contract with the District, with no time limitation except that the contract must provide a termination clause (for example, a contract for general District engineering services). Firms providing Professional Services under Continuing Contracts shall not be required to bid against one another.

  • Building Contractor means the building contractor or developer appointed or to be appointed by the Grant Recipient in respect of a Firm Scheme; Business Day means any day other than a Saturday, Sunday or a statutory Bank Holiday in England;

  • New Contracts means binding new agreements or amendments to existing agreements with customers.

  • Sale Contract means a contract providing for the sale of one or more projects to one or more contracting parties and includes a contract providing for payment of the purchase price in one or more installments. If the sale contract permits title to the project to pass to the other contracting party or parties prior to payment in full of the entire purchase price, it shall also provide for the other contracting party or parties to deliver to the municipality or to the trustee under the indenture pursuant to which the bonds were issued one or more notes, debentures, bonds or other secured or unsecured debt obligations of such contractingparty or parties providing for timely payments, including without limitation, interest thereon for the balance of the purchase price at or prior to the passage of such title.

  • Shipping Contracts Definition | Law Insider (2024)

    FAQs

    What is shipment contract in contract law? ›

    According to the UCC, the shipment contract allows the buyer and seller to allocate risk in the event that the goods are lost or damaged before the buyer receives the goods. The seller promises to get the goods to a common carrier in order to make delivery of goods from seller to buyer.

    What is a shipment contract ________? ›

    Under Article 2 of the Uniform Commercial Code, a shipment contract is one way in which buyer and seller could contract to allocate risk of loss between buyer and seller when goods or lost or damaged before the buyer obtains them from the seller and neither buyer nor seller is to blame for the loss.

    What is the legal definition of shipment? ›

    SHIPMENT Definition & Legal Meaning

    The cargo that is transported under a single air way bill or bill of lading. Also known as a consignment.

    What are ship contracts? ›

    Shipbuilding contract, which is the contract for the complete construction of a ship, concerns the sales of future goods, so the property could not pass title at the time when the contract is concluded.

    What is the difference between a destination contract and a shipment contract? ›

    In shipment contracts, liability shifts as soon as the goods are shipped. In destination contracts, liability does not shift until the goods reach their (usually final) destination.

    What is the meaning of shipping agreement? ›

    What Is A Shipping Contract. It's a binding legal document between a carrier and a shipper. A shipping contract outlines parties' liability in case of damage, loss of cargo, or force majeure. On top of that, car transport contracts indicate the time when liability transfers to another party.

    How do shipping contracts work? ›

    All About Contracts for Shipping

    So, it is usually between a seller, a carrier, and a buyer. Often, the contract states out that the seller is responsible for the shipment until it reaches the carrier. Once it is at the carrier, then the buyer would take responsibility for any losses.

    What is the legal definition of shipped? ›

    SHIPPED Definition & Legal Meaning

    This term, in common maritime and commercial usage, means “placed on board of a vessel for the purchaser or consignee, to be transported at his risk.” Fisher v. Minot, 10 Gray (Mass.)

    What is the basic of shipping law? ›

    U.S. shipping law is a complex body of customs, legislation, international treaties, and court decisions dealing with the rights and responsibilities of ownership and operation of vessels that travel on the high seas.

    What is the simple definition of shipment? ›

    /ˈʃɪp.mənt/ a large amount of goods sent together to a place, or the act of sending them: A shipment of urgent medical supplies is expected to arrive very soon. Synonym. cargo.

    What shipments are prohibited by law? ›

    Prohibited and Restricted Items for U.S. Import/Export
    • Alcoholic beverages*
    • Animal products, non-domesticated (e.g. mother of pearl inlay, snakeskin watchband)
    • Articles of unusual value.
    • Biological substances, Category B and exempt human or animal specimens.
    • Dangerous goods.
    • Electronic cigarettes.
    • Firearms and weapons.
    • Furs.

    What is breach of contract in shipping? ›

    Non-performance: This is the most straightforward type of breach. It occurs when one party fails to fulfill its obligations as outlined in the contract. This could involve not delivering goods or services, not making payments, or not meeting deadlines specified in the contract.

    What is the name of shipping contract? ›

    In shipping, a charter is the name given to the contract / agreement between a shipowner (who owns the vessel) and a charterer (who hires the vessel) regarding the use of that vessel for a specific time period or specific voyage.

    How do I get a shipping contract? ›

    How To Get Freight Contracts And Loads For Owner Operators in 6 Steps
    1. 6 Ways for You to Get Loads and Freight Contracts as an Owner Operator. ...
    2. Load Boards. ...
    3. Freight Brokers. ...
    4. Work Directly With Shippers. ...
    5. Use a Dispatcher. ...
    6. Lease With a Company as an Owner Operator. ...
    7. Register as a Government Contractor.

    What is a contractual shipment? ›

    A quick definition of Shipment Contract:

    With a shipment contract, the buyer takes on the risk of loss for the goods once they are shipped by the seller. The seller's only responsibility is to make sure the goods are delivered to a carrier and arrangements are made for them to be delivered to the buyer.

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