Economics of Shipping and Carriage of Good at Sea - COGSA

This course provides a practical introduction to the economics of shipping and the legal principles governing the carriage of goods by sea under COGSA. It explains how shipping markets, freight rates, operating costs, chartering, and commercial decisions influence the profitability of a vessel. The course also covers the key responsibilities and liabilities of shipowners, carriers, shippers, and consignees, including cargo care, bills of lading, seaworthiness, exceptions to liability, claims, and compensation for cargo loss or damage. Designed for maritime students and seafarers, the course connects commercial shipping principles with practical shipboard operations, making complex economic and legal concepts easier to understand and apply in examinations and real-world maritime situations.