What does Carriage of Goods by Sea Act mean?

Carriage of Goods by Sea Act meaning in Law Dictionary

United States statute governing the rights and obligations between shippers of cargo and ship-owners with regards to ocean deliveries to and from the united states of america. This is the U.S.

Carriage of Goods by Sea Act meaning in Business Dictionary

United states legislation passed in 1936, as an enforcement associated with the international Hague procedures, saying that cargo ship owners tend to be straight accountable for the delivered plans, nevertheless the obligation per bundle is restricted to $500 per package, with a time restriction of 1 year for filing litigation. The work is instantly implemented in international transits although not in domestic ones, unless the carrier agrees is bound.