CARICOM

The Caribbean Community Market (CARICOM) is an organization of 15 Caribbean nations established in 1973 whose main purposes are to promote economic integration and cooperation among its members, to ensure that the benefits of integration are equitably shared, and to coordinate…

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Carriage contract

An agreement between a carrier and another party for transportation. The other party will normally be the seller (or seller´s agent) with freight prepaid shipments, or the buyer (or buyer´s agent) for freight collect shipments. Contract of carriage are normally…

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Carrier

An individual or legal entity that is the business of transporting passengers or goods for hire. Shipping lines, airlines, trucking companies and railroad companies are all carriers. The carrier may be an actual carrier (called an undercarrier) or a “non-equipment-operating”…

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Carrier liability limit

The maximum amount of money for which a carrier is legally liable for loss or damage to cargo. This is surprisingly low. For example, under the Warsaw Convention it is 17 euros per kilo for airfreight shipments.

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