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CHAPTER 2 Third party protection in shipping: risk allocation and management

Third Party Protection in Shipping


Page 13

CHAPTER 2

Third party protection in shipping: risk allocation and management

Limitation of liability in shipping

2.1 Even though, in terms of the parties involved, carriage is very complex business, the ‘official’ perspective is that there are still only two main parties to a carriage contract. First, the carrier, who is the party that offers to transport goods in exchange for a price.1 Second, the owner of the cargo being transported.

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