Jettison Clause in Maritime Freight Contracts

Quelle: https://en.wikipedia.org/wiki/Jettison

A contractual provision in a maritime freight contract that permits the shipper or carrier to intentionally jettison cargo overboard in an emergency to safeguard the vessel and remaining cargo. Any loss incurred is shared among stakeholders under the general average principle.

Related Terms

You might also be interested in these terms

Jettison

In maritime shipping law, jettison is the voluntary act of throwing cargo or equipment overboard to lighten a vessel in distress, thereby contributing...

Learn more

Legal Aspects of Maritime Freight Contracts

The legal aspects of maritime freight contracts encompass the body of laws, international conventions and contractual clauses that govern the rights, ...

Learn more

war clause

A contractual provision in shipping, transport, or insurance contracts that governs or excludes liability, performance, or coverage in case of war or ...

Learn more

Maritime Filing

The electronic or formal submission of required vessel, voyage, and cargo information to port authorities and other regulatory bodies to enable legal ...

Learn more

exit clause

A contractual provision that allows a party to terminate or exit an agreement under specified conditions, often including notice periods, fees, or oth...

Learn more

Indexing clause

A contractual provision that ties prices or charges to an index and periodically adjusts them to reflect inflation or cost changes, commonly used in l...

Learn more

⚖️ ICC Incoterms 2020

Incoterms 2020 Simulator: Who bears costs & risk?

Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.

Incoterms Simulator →