What does CVC mean in LOGISTICS
The Continuous Voyage Contract (CVC) is a legal agreement between shipper and carrier that allows the shipper to move cargo via multiple carriers without needing to unload or reload at every stop. This type of contract is used in international trade and often preferred when shipping over long distances or through unfamiliar ports.
CVC meaning in Logistics in Business
CVC mostly used in an acronym Logistics in Category Business that means Continuous Voyage Contract
Shorthand: CVC,
Full Form: Continuous Voyage Contract
For more information of "Continuous Voyage Contract", see the section below.
Essential Questions and Answers on Continuous Voyage Contract in "BUSINESS»LOGISTICS"
What is a Continuous Voyage Contract (CVC)?
A Continuous Voyage Contract (CVC) is a legal agreement between shipper and carrier that allows for the shipper to transport cargo on multiple carriers across long distances, without having to unload or reload at each stop.
Why might a CVC be preferable?
CVCs are often more cost effective than other methods of shipping since it eliminates the need for full unloading and reloading of cargo at each port. Additionally, this type of contract may be preferred when traveling through unfamiliar ports, as it can provide greater clarity with regard to responsibility should there be any issues during transit.
Who is typically involved in a CVC?
A CVC involves both the shipper, who wishes to transport their cargo, and the carrier who will be responsible for that transportation.
What are the key features of a CVC?
The key features of a CVC include provisions regarding payment, time limits, routing permission, basic transportation fees vs additional fees, liability restrictions, insurance requirements and shipment terms such as handling requirements and storage details.
How does one go about forming a CVC?
To form a valid Continuous Voyage Contract it needs to be signed by both parties involved - usually the shipper and/or their representative along with the shipping line or freight forwarder - and contain all necessary details as specified by either party's particular laws and regulations. All documents must also comply with international maritime laws including those from The Hague-Visby Rules (HVR).
Final Words:
When entering into an agreement for international ship transport it's important to understand your rights under the local laws governing such contracts, as well as relevant international maritime standards. If there are any questions or concerns surrounding an ongoing shipment then consulting professional legal advice is advised before proceeding with any type of contract in which liability could become an issue. A Continuous Voyage Contract offers security when navigating unfamiliar waters while protecting both parties from potential litigation or liability down the road.
CVC also stands for: |
|
| All stands for CVC |