The Hague, Hague-Visby, and Hamburg Rules for the Carriage of Goods by Sea - Essay Example

Download file to see previous pages We could input in the concept of transportation economics which is considered as the analysis of the share of carrying wherewithal to come across the necessities of the general public (Encyclopædia Britannica Online, 2007). In a broader sense, delivery pursuits create a segment of a state’s entire trade and industry items for consumption and take part in the responsibility of constructing or intensification of a countrywide or local economy and as a stimulus in the progress of assets. Such is the goal of both the Hague-Visby as well as the Hamburg rules.

With the hauling precautions direction, there is a constraint that the travelers must hand over boarding documentation ahead of going through zones outside safekeeping checkpoints. Numerous maritime companies recently pre-offer contracts which include the limits of the liability of the company and the consignee. Such is one of the issues of the Hamburg rules which favors more for the liability of the company throughout. However, the Hague-Visby set of rules distributes the liability of the company and the consignee in equal parts such that whatever happens to the cargo, it also mandates the responsibility of the shipment owner.

Due to government intervention, the imposition of the Hamburg and the Hague-Visby rules in every country varies. For instance, in the United Kingdom, the Hague-Visby Rules are still preferred while on the other hand, while the Hamburg Rules are followed in Malaysia. This will consequentially affect the fees of maritime carriers’ consumers. They will be compelled by taxes, charges, and additional costs on matters such as fuel, port rents, and financing, which will be reflective and increase the prices that they will be paying (Hardisty, 2003). And therefore, will have a lower demand for sea-carrying services.

This may indeed affect the income of the incumbent airlines since their transactions are regulated. Consumers of their service will eventually hold back their use of the sea-carrying services since there are a lot of barriers to entry as stated by Palmby (1995). Furthermore, with the emerging alternatives of larger capacity aircraft, the future of sea-carrying services may be at a standstill. The former ease of access was lessened. For this reason, people will not be able to bring some things that they usually carry or transport. ...Download file to see next pages Read More