Pecunia trajectia is a Latin phrase that translates to "money conveyed overseas." In the context of Roman law, it refers to the funds provided as a loan to support the transport of goods by ship. This term specifically relates to the financial assistance given to merchants engaged in maritime trade, enabling them to finance their operations and manage the risks associated with shipping goods across the sea.
Pecunia trajectia is primarily used in maritime law and financial transactions related to shipping. It is relevant in cases involving loans for shipping expenses, where the lender provides funds to a merchant for transporting goods. This term may also come into play in contracts related to shipping agreements and trade financing. Users can find legal forms that help outline these agreements through services like US Legal Forms, which offer templates drafted by qualified attorneys.
Here are a couple of examples of abatement:
Example 1: A merchant needs $50,000 to ship a large order of textiles to Europe. They secure a loan under the terms of pecunia trajectia to cover shipping costs, agreeing to repay the lender once the goods are sold.
Example 2: A fishing company borrows money from a bank to purchase fuel and supplies for their fishing vessels. This loan is structured as pecunia trajectia, as it directly relates to the transport of goods across international waters. (hypothetical example)
| Term | Definition | Key Differences |
|---|---|---|
| Pecunia Trajectia | Loan for transporting goods overseas. | Specifically related to maritime trade financing. |
| Maritime Lien | Claim against a ship for unpaid debts. | Focuses on the ship itself rather than the loan for transport. |
| Charter Party | Contract between shipowner and charterer. | Involves the use of the vessel rather than financing its operation. |
If you are a merchant seeking financing for shipping goods overseas, consider drafting a loan agreement that clearly outlines the terms of the pecunia trajectia. You can find ready-to-use legal templates on US Legal Forms to help you create a comprehensive agreement. If your situation is complex or involves significant financial risk, consulting with a legal professional is advisable.
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It is a term for loans provided to finance the transport of goods overseas.