OUR SERVICE EURO CLUB YACHTS IN Greece LP 2022

A letter of credit or LC is a written document issued by the importer’s bank (opening bank) on importer’s behalf. Through its issuance, the exporter is assured that the issuing bank will make a payment to the exporter for the international trade conducted between both the parties.

Η πιστωτική επιστολή ή LC είναι ένα γραπτό έγγραφο που εκδίδεται από την τράπεζα του εισαγωγέα (τράπεζα ανοίγματος) για λογαριασμό του εισαγωγέα. Μέσω της έκδοσής του, ο εξαγωγέας βεβαιώνεται ότι η εκδότρια τράπεζα θα πραγματοποιήσει πληρωμή στον εξαγωγέα για το διεθνές εμπόριο που διεξάγεται μεταξύ των δύο μερών.

Аккредитив  представляет собой письменный документ, выданный банком импортера (банком-эмитентом) от имени импортера. Благодаря его выпуску экспортер получает уверенность в том, что банк-эмитент произведет платеж экспортеру за международную торговлю, проводимую между двумя сторонами.

A bill of lading is a document issued by a carrier to acknowledge receipt of cargo for shipment. Although the term historically related only to carriage by sea, a bill of lading may today be used for any type of carriage of goods.

Η φορτωτική είναι ένα έγγραφο που εκδίδεται από έναν μεταφορέα για να επιβεβαιώσει την παραλαβή του φορτίου για αποστολή. Αν και ο όρος ιστορικά σχετίζεται μόνο με τη θαλάσσια μεταφορά, μια φορτωτική μπορεί σήμερα να χρησιμοποιηθεί για κάθε τύπο μεταφοράς εμπορευμάτων.

Коносамент – это документ, выдаваемый перевозчиком для подтверждения приема груза к отправке. Хотя этот термин исторически относился только к морской перевозке, сегодня коносамент может использоваться для любого вида перевозки товаров.

The purpose of Protection and Indemnity (“P&I”) insurance is to shield the assured from the risk of his liability to others arising from his maritime activities. Unlike loss insurance, P&I responds to liability for damage or loss which the assured has caused to others.

HSA SEMINAR ‘P + I CLUB’

November 2022

1) The usual covers that P&I Clubs provide are:

– Loss or Damage to Cargo
– Pollution from Ship or her Cargo
– Loss of Life or injury to crew members or Passengers
– Removal of wrecks
– Oil-spill fines
– Damage to fixed or floating objects
– Collision with other Ships
– Stowaways and Repatriation
– Uncoverable General Average Contribution
– Liability under approved Towage Contract

2) They also provide:
– Statistics
– Guidelines Extensively
– Consultancy

– Preloading Surveys
– Representation in all main World Ports
– Legal Advice

3) Other Covers
– F.D.&D.
– Ship Managers’ Liability
– Cyber
– Ship Brokers Liability

ABBREVIATION -M-

• M — Marine
• M. — mortar.
• MAC — Military Airlift Command.
• MarAd — Maritime Administration.
• MAP — Military Assistance Program.
• MB — motor boat.
• M.C. — Maritime Commission.
• M.C.E. — Maritime Commission Emergency Ship Program (“Liberty” ships).
• MSC — mine countermeasures ship.
• M.C.V — Maritime Commission Victory Ship Program (“Victory” ships).
• M.D.A.P. — Mutual Defense Assistance Program.
• Mfr — manufacturer.
• mg. — machine gun.
• MHA — minehunter, auxiliary.
• MHC — minehunter, coastal.
• MinDiv — mine division.
• MinFlot — mine flotilla.
• MinLant — Mine Force Atlantic.
• MinPac — Mine Force Pacific.
• MinRon — mine squadron.
• mis. — missile.
• mis. ln — missile launcher.
• mk. — mark.
• mlr. — muzzle-loading rifle.
• MM — minelayer, fleet.
• mm. — millimeter.
• MMA — minelayer, auxiliary.
• MMC — minelayer, coastal.
• MMD — minelayer, fast (formerly DM).
• MMP — minelayer, fleet.
• Mon — monitor.
• MON — monitor (new riverine warfare type).
• Moran — Moran Brothers Co., Seattle, Washington.
• Mssh. — Mosher-type boiler.
• mot — motor generator.
• mph — miles per hour.
• MS — motor ship.
• MSA — minesweeper, auxiliary.
• MSB — minesweeping boat.
• M.S.C. — Military Sealift Command (formerly MSTS).
• MSC — minesweeper, coastal (nonmagnetic).
• MSCO — minesweeper, coastal (old).
• MSD — minesweeper, drone.
• MSF — minesweeper, fleet (steel hull).
• MSI — minesweeper, inshore.
• MSL — minesweeping launch.
• MMS — minesweeper, river.
• MSO — minesweeper, ocean (nonmagnetic).
• MSR — minesweeper, patrol.
• MSS — minesweeper, special (device).
• MSTS — Military Sea Transportation Service (now Military Sealift Command).

YACHT REGISTRATION

EURO CLUB YACHTS IN GREECE LP🇬🇷🇬🇷🇬🇷🇬🇷🇬🇷🇬🇷

Choose Your Flag Wisely🇬🇷

When buying a yacht, the choice of the yacht flag is one of the MOST IMPORTANT decisions you have to make because it can have a direct effect on your privacy, taxes, and your exposure to liability.

Just as you would create a corporate structure to protect your other assets, you should do the same when it comes to yacht registration.

Register your yacht with us and the professionals of EURO CLUB YACHTS IN GREECE LP will consult and assist you with all your questions during the procedure.

We are next you to help and enjoy ⛵️ sailing!