ROTERDAM RULES Essay Example | Topics and Well Written Essays - 3000 words

ROTERDAM RULES - Essay ExampleWith different countries pastime their own choicest laws to protect and further their own commercial interests, global sea trade has been thrown into a quagmire of anarchy and gross malpractices which need to be thoroughly cleansed before business and responsibility fixtures be made. While the shipper and the ship owners had added responsibilities under the new Rules, it is also envisaged to introduce modern communication and technological innovations including e-commerce documentation, meet sound laws for container movements and also bring in new laws and conventions that could fill the gaps left in the previous tape transport rules, especially with regard to Deck Cargo and balancing of risks and responsibility among the various players in the sea trade. It is astray believed that with more and more countries signing up for the Rotterdam Rules, it would fulfil its role as a precursor of full-bodied and rule based transportation of Carriage of Goo ds Wholly or Partly by Sea.The Rotterdam Rules are the impart and natural result of the deregulation and reforms that have been a boon to shippers, allowing for the flexibility and customized transportation central to both efficient supply chain. (Rotterdam Rules, 2009).The reason for the replacement was that the old versions did not included criteria for the carriage of goods in containers and transferring electronic data. This was the main reason that made the court of law to reinvent the old versions of law.The Rotterdam rules clearly states the responsibility and accountability in certain situations where the container are stolen or if any damages happen to the ship. The other parties who are pertain in the chain are also liable for the loss that happens while the goods are carried through sea. every(prenominal) these conditions were not included in the Hague rules and the Hague-Visby rules and the Hamburg rules. The Ordinance of Rotterdam of 1721 declared that the owners sh ould not