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Shipwreck
ShipwreckThe loss of a vessel at sea, either. by being swallowed up by the waves, by running against another vessel or thing at sea, or on the coast. RELATED TERMS-------------------------------------- Loss contracts. The deprivation of something which one had, which was either advantageous, agreeable or commodious. Sea The ocean; the great mass of waters which surrounds the land, and which probably extends from pole to pole, covering nearly three quarters of the globe. Waters within the ebb and flow of the tide, are to be considered the sea. Coast The margin of a country bounded by the sea. This term includes the natural appendages of the territory which rise out of the water, although they are not of sufficient firmness to be inhabited or fortified. SIMILAR TERMS-------------------------------------- Ship This word, in its most enlarged sense, signifies a vessel employed in navigation; for example, the terms the ship's papers, the ship's hushand, shipwreck, and the like, are employed whether the vessel referred to be a brig, a sloop, or a three-masted vessel. Ship broker One who transacts business between the owners of vessels and merchants who send cargoes. Ship damages In the charter parties with the English East India Company, these words occur; their meaning is damage from negligence, insufficiency or bad stowage in the ship. Ship's husband Maritime law. An agent appointed by the owner of a ship, and invested with authority to make the requisite repairs, and attend to the management, equipment, and other concerns of the ship he is usually authorized to act as the general agent of the owners, in relation to the ship in her home port. Ship's papers Those documents which are required on board of neutral ships, as evidence of their neutrality, These are the passports, sea-letter, muster-roll, charter party, bill of lading, invoices, log book, bill of health, register, and papers containing proofs of property. Shipper One who ships or puts goods on board of a vessel, to be carried to another place during her voyage. In general, the shipper is bound to pay for the hire of the vessel, or the freight of the goods. Shipping articles Contracts, Maritime law. The act of congress of July 20, 1790, s. 1, directs that a master of any vessel bound from a port in the United States to any foreign port, or of any vessel of fifty tons or upwards, bound from a port in one state to a port in any other than at adjoining state, shall, before he proceed on such voyage, make an agreement in writing or in print, with every seaman or mariner on board such vessel, (except such as shall be apprenticed or servant to himself or owners) declaring the voyage or voyages, term or terms of time, for which such seaman or mariner shall be shipped. Shipping conferences Various shipowners who operate liner, rather than tramp, services have formed associations in various trades, and various areas of the world. These associations, or conferences, fix freight (supra) rates to prevent unfair price cutting and to ensure reasonable profits. Some nations consider such conferences and their price fixing to be monopolistic and unfair as well as being oppressive, because the conference presumably restricts the development of fleets of emerging nations. For this reason, the Convention on a Code of Conduct for Liner Conferences was adopted by UNCITRAL in 1974. Other nations feel that ocean carriage is already so competitive and risky that some international rules and rate fixing is needed to prevent unfair undercutting and other improper practices. Shipping law unit A specialized institute within the University of Cape Town, South Africa, providing teaching and research facilities in regard to private maritime law. PREVIOUS AND NEXT TERMS-------------------------------------- Shipping articles Contracts, Maritime law. The act of congress of July 20, 1790, s. 1, directs that a master of any vessel bound from a port in the United States to any foreign port, or of any vessel of fifty tons or upwards, bound from a port in one state to a port in any other than at adjoining state, shall, before he proceed on such voyage, make an agreement in writing or in print, with every seaman or mariner on board such vessel, (except such as shall be apprenticed or servant to himself or owners) declaring the voyage or voyages, term or terms of time, for which such seaman or mariner shall be shipped. Shipping conferences Various shipowners who operate liner, rather than tramp, services have formed associations in various trades, and various areas of the world. These associations, or conferences, fix freight (supra) rates to prevent unfair price cutting and to ensure reasonable profits. Some nations consider such conferences and their price fixing to be monopolistic and unfair as well as being oppressive, because the conference presumably restricts the development of fleets of emerging nations. For this reason, the Convention on a Code of Conduct for Liner Conferences was adopted by UNCITRAL in 1974. Other nations feel that ocean carriage is already so competitive and risky that some international rules and rate fixing is needed to prevent unfair undercutting and other improper practices. Shipping law unit A specialized institute within the University of Cape Town, South Africa, providing teaching and research facilities in regard to private maritime law. Ship's husband Maritime law. An agent appointed by the owner of a ship, and invested with authority to make the requisite repairs, and attend to the management, equipment, and other concerns of the ship he is usually authorized to act as the general agent of the owners, in relation to the ship in her home port. Ship's papers Those documents which are required on board of neutral ships, as evidence of their neutrality, These are the passports, sea-letter, muster-roll, charter party, bill of lading, invoices, log book, bill of health, register, and papers containing proofs of property. Shipwreck Shire, eng English law. A district or division of country. Shop book This name is given to a book in which a merchant, mechanic, or other person, makes original entries of goods sold or work done. Shoplifting Customer theft from retail inventory. Shore Land on the side of the sea, a lake, or a river, is called the shore. Strictly speaking, however, when the water does not ebb and flow, in a river, there is no shore. Short entry A term used among bankers, which takes, place when a note has been sent to a bank for collection, and an entry of it is made in the cus-tomer's bank book, stating the amount in an inner column, and carrying it out into the accounts between the parties when it has been paid. 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