Maritime and Land Trade
What Does Maritime Trade Law Cover?
Trade can be conducted both by land and by sea. Therefore, both of these routes are actively used when conducting trade. Thus, land and maritime trade are evaluated as an indicator that every company today allocates a certain budget and gives sufficient importance to logistics activities. Just as important as the functioning of these types of trade, it is also necessary to be aware of the relevant legislation in case any problems or issues arise. Land and maritime transport law necessitates that companies legally conduct their work in this area and have lawyers who work professionally and are experts in their field. You can access comprehensive information about land and maritime trade from the site.
Why is Land and Maritime Trade Law Important?
Every ship registered in the registry has the right and responsibility to fly the Turkish flag. A measure and mortgage can be placed on a registered ship against third parties for any reason; it can be used as collateral. The owner of a ship used in maritime trade, or a person who uses a ship not owned by them in maritime trade through a captain in their own name, is called a "donatan" (fitter/outfitter). When more than one person jointly owns a ship and uses it in maritime trade according to an agreement they have made among themselves, this is called a "donatma iştiraki" (joint venture of outfitting). The captain is obliged to record the conditions and events that occur on the ship during the voyage, as well as the work and transactions carried out, in the ship's logbook. There is a legal obligation to keep a ship's logbook on a merchant ship. A company conducting land and maritime trade is obliged to comply with national and international legislation both on land and at sea. Land and maritime trade matters are issues where various legislations are intertwined. Therefore, there are great benefits for companies in understanding these branches of trade well.
