Module 2.3 and 2.4 Flashcards

1
Q

An important law that governs the liability of
air carriers fro loss or damage to cargo or
baggage during international shipping, and for
death or bodily injury to passengers engaging
in international travel.

A

Warsaw Convention of 1929

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2
Q

It is an air transportation law which requires
airlines to maintain adequate insurance for
losses or damages and include provisions for
compensatory passengers.

A

The Montreal Convention of 1999

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3
Q

can be applied through
* The country where the passenger’s tickets
were purchased or the air waybill for cargo
issued.
* The country of final destination.
* The country where the carrier is incorporated
or domiciled
* The country where the carrier has its principal
place of business

A

Jurisdiction

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4
Q

All international carriage of persons, baggage
and cargo by aircraft in which the place of
departure and the place of destination are in
two countries that are party to the convention.

A
  • International Carriage
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5
Q

The carrier is liable for damage sustained in
the case of death or bodily injury of a
passenger upon condition only that the
accident which caused the death or injury took
place on board the aircraft or in the course of
any of the operations of embarking or
disembarking.

A

Article 17 of the Convention

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6
Q

Air Carrier’s Liability for Death
or Bodily Injury

A

*Accident
*Embarking or disembarking
* Limitations on Liability for Death or Bodily
Injuries
* Compensable Damages.
* Third Party Suites

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7
Q
  • It generally requirs that the cause of injury be
    an event that presents a risk peculiar to air
    travel and external to passenger.
  • This might include injuries resulting from a fall
    while boarding, the spilling of hot coffee on a
    passenger, air turbulence, or a crash landing.
A

Accident

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8
Q

A carrier is only liable for damages occurring
on board the aircraft or in the course of any of
the operations of embarking or disembarking.

A

Embarking or Disembarking

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9
Q

The monetary limit of an air carrier’s liability is
set not in the currency of any one country but
in

Represents an amount equal to a mix
currency values (the euro and dollar)

A

Special Drawing Rights

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10
Q

The Convention does not specify the types of
compensatory damages that a plaintiff can
recover.

A

Compensable Damages

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11
Q

*The Monteral Conventiion applies only to claims
against air carriers.

  • It does not prohibit or govern claims brought
    against third parties such as the manufacturer of
    a defectively designed or built airplane ,
    operators and private security firms.
A

Third Party Suits

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12
Q

Air Way Bills and Air Cargo
Losses

A

*Baggage Losses
* Delay
* Time Limitations

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13
Q

refers to the body of law within
the admiralty jurisdiction of a court that
governs private rights and obligations arising
out of the operation of vessels on navigable
waters or in maritime commerce.

A

Maritime Law

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14
Q

(Throwing cargo or property
overboard to save the ship)

A

Jettison

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15
Q

(persons employed on vessels
regardless of their jobs)

A

Seamen

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16
Q

(those employed to load
and unload ships)

A

Longshoremen

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17
Q

A maritime code which presents judgments in
actual cases heard in local maritime courts in the
seaport.

A

Rolls of Oleron

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18
Q

is the term for goods carried
aboard ships.

A

CARGO

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19
Q

( where goods are stowed
in individual containers or on pallets in
the ship’s hold)

A

CARGO SHIPS

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20
Q

(the price charged to transport cargo)

A

FREIGHT

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21
Q

are large vessels intended to carry
cargo or passengers

A

Ships

22
Q

(for carrying coal, ore,
and other mineral grains)

A

Dry Bulk Ships

23
Q

(for oils, chemicals and other
liquids)

A

Tankers

24
Q
  • Advice on shipping alternatives and cost
    information
  • Contract with carriers fro transportation
  • Obtain cargo insurance
  • Arrange warehousing of goods
A

Freight Forwarders job

25
Q

Types of Coverage

A

*Perils Clause
* All Risk Coverage
*War Risk

26
Q

Any impediment direct or indirect, to the entrance or sale of imported goods or services existing in the country of importation.

These are taxes set on imported goods.

A

TRADE BARRIER

27
Q

-are taxes levied on goods by the country of importation.

-It can be computed either as a percentage of value (ad valorem tariffs) or on the basis of physical units (specific or flat tariffs)

A

TARIFF

28
Q

are any impediment to trade other than tariffs; it can be direct or indirect.

A

NON-TARIFFS

29
Q

Specifically, limit imports of goods or services or deny access of foreign firms to local markets.

A

DIRECT NON-TARIFF

30
Q

they may take the form of laws and regulations or rules of agencies that make it difficult or costly to import foreign-made goods or services.

A

INDIRECT NON-TARIFF

31
Q

-the only global international organization dealing with the rules of trade between nations.

-It mainly focuses on agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments.

-The goal is to help producers of goods and services, exporters, and importers conduct their business.

A

WTO

32
Q

FUNCTIONS OF THE WORLD TRADE ORGANIZATION

A

-Facilitate international cooperation on trade issues.
-dminister the General Agreement on Tariffs and Trade.
-Provide a forum for future trade negotiations
-Assist developing countries in complying with GATT/WTO agreements by giving -technical assistance.
-Provide a forum for settlement of trade disputes

33
Q

Presents the assumption that trade in goods and services must be made publicly available so companies can understand in advance the rules for doing business there.

A

TRANSPARENCY

34
Q

It is the assumption that each country promises to reduce tariffs on imports of a given item in return for tariff concessions from other countries.

A

TARIFFS CONCESSIONS, BOUNDARIES, AND TARIFF SCHEDULE

35
Q

These are the agreed tariff rates and become bound or capped at that rate.

A

TARIFF BINDINGS

36
Q
  • is the maximum tariff rate a country may charge on an item, although tariff rates may be reduced below the bound rate.
A

bound rate

37
Q

Is one of the basic rights of membership in the WTO in which member country must treat the goods and services from all other WTO member countries equally and without discrimination.

A

NONDISCRIMINATION

38
Q

It is an agreement stipulating that all countries that are members of trading status with other WTO countries should be automatically entitled to MFN trading status with other WTO Countries.

A

MOST FAVORED-NATION TRADE

39
Q

Under Article III, once goods enter a nation’s stream of commerce must be subjected to different taxes or regulations than domestic goods.

A

NATIONAL TREATMENT

40
Q

states that no prohibitions, or restrictions other than duties, taxes, or charges, whether made effective through quotas, import or export licenses, or other measures, shall be instituted or maintained on the importation of any product, or on the exportation or sale of export of any product.

A

Article XI
LICENSES, QUOTAS, AND PROHIBITION ON IMPORTS

41
Q

is a quantitative restriction on imports

A

QUOTA

42
Q
  • are those that strictly prohibit imports of an item above a predetermined limit, based either on the value or quantity of specific goods.
A

Absolute Quotas

43
Q
  • are imposed by an importing nation on a particular product regardless of its country of origin.
A

Global Quotas

44
Q

TYPES OF ABSOLUTE QUOTAS

A

GLOBAL QUOTAS
ALLOCATED QUOTA
ZERO QUOTA
Auctioned Quota

45
Q

are imposed by an importing nation on a particular product regardless of its country of origin.

A

Global Quotas

46
Q

is one in which the total limit is allocated among several specific countries.

A

Allocated Quota

47
Q

is sometimes used when referring to a complete ban on the import of a product in that it permits zero quantities to be imported

A

Zero Quota

48
Q

is one in which the quota rights are sold to the highest bidder.

A

Auctioned Quota

49
Q

Is the process by which a country agrees to convert its quotas, import licenses, and other non-tariff barriers on specific items to tariffs.

A

TARRIFICATION

50
Q

tariff rate that increases according to the quantity of goods imported.

A

Tariff Rate Quota (Tariff Quota)

51
Q

The GATT/WTO agreements can only work when national legislatures and governments choose to comply with WTO principles when setting tariff rates and regulating imports.

A

WTO DISPUTE-SETTLEMENT PROCEDURES

52
Q

has provided a framework for the international trading system in order to establish trade laws and prevent reactionary forces from drawing the world back into the isolationism and protection. Thus, these trade policies are considered as tools of foreign policy.

A

GATT