Shipping Custom Law Presentation on

Presented by : GROUP 4 Jigar Thacker Jitendra Ratwani Javed Jam Denish Gunsai Ishaq Koreja Presented to Prof:Deepa Mishra

Introduction Of Company
Mediterranean Shipping Company(MSC) Established in year 1970 in Geneva Switzerland.

MSC is a private owned Shipping Line.

MSC is the Second largest carrier in the aspect of container slot Capacity and the number of container Vessel operated.

Cont.
In the end of the December MSC was operating 434 container vessel with the intake capacity of 2,174,000 TEUs(Twenty Equivalent Units).

MSC is the leading provider of the direct port calls, serving the 6 continents and calling at 335 ports through 200 direct and combined weekly linear services. MSC provide the online tracking and tracing service to the customer.

MSC as a liner Shipping

MSC liner shipping refers to maritime transport services that are provided on a regularly scheduled basis to pre-determined ports. Ships involved in these trades can be general cargo carriers, specialised cargo carriers (e.g. car carriers or refrigerated goods carriers) and/or partially or fully dedicated container carriers.

Four important characteristics of liner shipping:

Fully containerised vessels represent an important part of the general cargo fleet and carry a large majority of containerised trade Top 20 liners account for 72% of world container capacity; the top 5 account for 34%

Cont.
The growth in the fully containerised fleet has far outstripped growth in global economic activity and trade 2001: 2741 vessels for a capacity of 4.99 million TEU 1990-99: containerised trade + 200%; GDP + 50%

Ships have been getting larger as operator seek to benefit from economies of scale

Shipping laws applicable in MSC

Carriage of Goods by Sea Act 1925 Collision Act Multimodal Transportation Act Merchant Shipping Act Bill Of lading act

Bill of Lading
Bill of lading is a document which is issued by the shipping company acknowledging that the goods mentioned there have placed an board the ship and an undertaking that the goods in like order and condition as received will be delivered to the consignee, provided that the freight their has been duly paid

Cont..
Bill of lading is a receipt for goods delivered to the common carrier for transportation ,a contract for the services rendered by the carrier, and a document for a tittle . Normally 4 copies of BL is there but 3 copies are required for the consignee, shipper and the consignor.

In case of Loss Of Bill of lading

If the consignee loose the bill of lading than the delivery will stop by MSC than there are three steps for delivery of goods Bank guarantee letter Deposit of 150% of invoice value in bank NOC letter from both shipper and consignee

Merchant Shipping Act

Port of registry Registration of Ships Safety Equipment Safety Radio Load Line MSMC (Minimum safe manning certificate) Stowage plan Crew list Construction

Import Procedure OF MSC

Bill of entry is basic document for customs clearance of import cargo. Container tracking Bill of lading number Container seal number Container number

Cont..
Documents to be provided to MSC(line) Invoice Packaging List Bill of Lading Marine Insurance Certificate of Origin IEC Code of Buyer

Cont.
Custom procedure Custom duty Inspection Custom Approval

Export Procedure
Following to be provide to custom
BIN (Business Identification Number) Sales Agreement Shipping bill Letter of credit Invoice Packing List

Cont.
Than inspection of goods by the custom EGM Certificate Than custom give LEO (let Export Order)

Multimodal Transport Act

Multimodal transport means that the consignor and the multimodal transport operator entered into a contract for the multimodal transportation and the multimodal operator has taken charges of the goods to be delivered to the destination.

Cont.
MSC provide the multimodal transport facilities to the customer which is included in the bill of lading document.

Case of MSC
Vessel Of MSC sunk in Near By NAVASAVA the claim was paid to MSC by P&I Club Payment OF Shipper is paid by Insurance company according to General Average Method In General Average Method the demurrages will paid by the remaining Shippers