Advance[Shipping]: A Comprehensive Guide to Its Legal Definition
Definition & Meaning
The term "advance" in the shipping industry refers to the process of moving cargo to a vessel that is scheduled to depart sooner than the originally booked vessel. This procedure may be necessary to ensure timely delivery of goods, especially when there are changes in shipping schedules or urgent delivery requirements.
Legal Use & context
In legal practice, the term "advance" is primarily used in the context of shipping and logistics. It is relevant in contracts related to freight, shipping agreements, and logistics management. Users may encounter this term in legal documents when dealing with shipping delays, changes in cargo schedules, or disputes over shipping arrangements. Utilizing legal templates from US Legal Forms can help individuals manage these situations effectively.
Real-world examples
Here are a couple of examples of abatement:
Example 1: A company has booked cargo to be shipped on a vessel scheduled to leave in two weeks. Due to an urgent order, they decide to advance the shipment to a vessel leaving in three days. The shipping company agrees to this change, allowing the cargo to be loaded onto the earlier vessel.
Example 2: A retailer realizes that a shipment of goods is delayed. They contact the shipping provider to advance the shipment to a vessel leaving sooner, ensuring they can meet customer demand. (hypothetical example)