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In commercial shipping, laytime is the amount of time allowed, measured in days (or portions thereof), hours, or even tides, within a voyage charter for the loading and unloading of cargo. [1] [2] Under a voyage charter or time charter, the shipowner is responsible for operating the vessel, and the master and crew are the employees of the ...
Amount realized, in US federal income tax law, is defined by section 1001 (b) of Internal Revenue Code. It is one of two variables in the formula used to compute gains and losses to determine gross income for income tax purposes. The excess of the amount realized over the adjusted basis is the amount of realized gain (if positive) or realized ...
A freight claim or cargo claim is a legal demand by a shipper or consignee against a carrier in respect of damage to a shipment, or loss thereof. [1] [2] [3] Typically, the claimant will seek damages (financial compensation for loss), but other remedies include "specific performance", where the cargo-owner seeks delivery of the goods as agreed.
RTX Corporation, formerly Raytheon Technologies Corporation, is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia.It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization, as well as one of the largest providers of intelligence services.
Despite popular perception, during the 1930s Japan was exporting low-cost items successfully. [2] However, between the years of 1929 and 1938 foreign commerce dropped from 3.7% to 3.5%. Japan ran a trade deficit, selling a total of US$ 12.85 and buying US$ 15.25 per capita. This was in part brought on by the purchase of wartime materials.
Today, shipping is the country's most important industry worth $ 21.9 billion in 2018. If related businesses are added, the figure jumps to $ 23.7 billion, employs about 392,000 people (14% of the workforce), and shipping receipts are about 1/3 of the nation's trade deficit. [4] [5] In 2018, the Greek Merchant Navy controlled the world's ...