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International Trade: Warsaw Convention 1929 - Term Paper Example

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The "International Trade: Warsaw Convention 1929" paper explains in detail the history and current role of these conventions, including the Warsaw Convention 1929, Hague Protocol 1955, Montreal Convention 1999 and the Hague-Visby Rules, which would be relevant to any consignment of goods…
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International Trade: Warsaw Convention 1929
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Download file to see previous pages From time immemorial, humans have always organized or segregated into different structures like countries, communities, organizations, etc. Among these different structures, the organizations and its employees undertake activities through which they produce products. After humans’ and machines’ role in producing products, transportation only comes into the picture and transfers the manufactured products to their destinations as a form of International Trade. So, International transport compliments International trade perfectly, and vice versa. This correlation between International transport and trade is governed by a set of rules and regulations, being followed consensually by most of the countries of the world. These rules and regulations are formulated under the conventions that are held in particular places in the world. In this case, goods are exported from the UK to the Mongolian city of Ulaanbaatar, first by sea to China and then by air to Mongolia, with a contract of carriage formed in the UK.

The Warsaw Convention is a formulated international convention, which stimulates and regulates the standard liability or reward for international carriage, which involves the transport of people and luggage by aircraft. It came into being as the name suggests in 1929 in Warsaw, and all the countries of the world are signatories of it, including the United Kingdom, where the contract of carriage is formed in this scenario. The regulations that are constituted under Warsaw conventions cover both the basic process that is part of the aircraft operations to advanced process that will cover all the external operations. For example, the Warsaw Convention covers the basic processes like stipulating the carriers to issue passenger tickets, to advanced processes like legal procedures that may arise in case of accidents. The convention stipulates the creation of a limitation period of 2 years, within which a claim must be brought and finally the financial liabilities for each purpose. ...Download file to see next pagesRead More
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