International Carriage of Goods Wholly or Partly by Sea: The Impact of the Rotterdam Rules on Developing Countries - Vietnam

Abstract

In this era of globalization, transport plays a significant role, and in international trade, shipping is the critical mode, about 80% of import and export goods are transported by sea. However, international law governing legal relations related to bills of lading and contracts for carriage of goods by sea has not yet been agreed. This is a significant barrier causing difficulties in international trade. And, the practice is negotiating with international transport contracts, including sea transport, companies of developing countries are often disadvantaged and is detrimental. Moreover, on September 23, 2009, representatives of 20 UN member countries accounting for 25% of the international trade volume gathered in the city of Rotterdam to sign the 2009 Rotterdam. The Rotterdam Rules cover areas not covered by the previous some conventions relating to delivery, control, and rights transfer,... This article will compare the provisions of the Rotterdam Rules with the current Vietnamese laws. From that comparison, the paper also analyzes many indicators that impacted by the Rotterdam Rules on developing countries, such as Vietnam.