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Have you wondered what happens when things go wrong during the transport, such as when a shipment of televisions is received in damaged condition, a container of cigarettes is stolen, or, an important shipment of prawns is received a week too late for the local market? Well, this is what this book is all about!
In the modern global economy, finished and semi-finished products are transported in large volumes across the globe. Things do go wrong during such transport; then what recourse does the cargo owner have? How much loss will be made good by the insurers and under which convention? Where to sue? How much is the carrier liable for? With multiple modes of transport and different carriers, the questions of liability become very complex to determine. This translates into increased insurance and litigation costs, estimated at 500 million Euro per year in Europe alone.