Maritime sales in international trade: confluence of sale, maritime transport, cargo insurance and documentary credit

Project: Research

Project Details

Description


It is estimated that approximately 85% of world trade is transported by means of ships, as these are the vehicles with the greatest capacity to move large volumes of cargo over long distances and at lower costs.
The maritime sale, as a kind of sale, is understood as a form of distance commercial exchange, whose origins date back to the second half of the 19th century in parallel to the irruption of technological innovations in maritime navigation. Its dynamism is a function of the fluctuations inherent to international trade, as a consequence of policies of opening up and protecting the markets.
It is a well-known fact that, at least since the beginning of the 20th century, in international commercial transactions ¿that is, in the commercial exchange of merchandise between subjects whose establishments are located in different countries¿ there is the confluence of at least four contracts, namely: the contract of sale, the transport contract, the documentary credit contract and the cargo insurance contract. This research aims to explain this contractual confluence by analyzing the different legal instruments that regulate it.
StatusActive
Effective start/end date1/04/2031/03/21