COGSA (Carriage of Goods by Sea Act)

The Carriage of Goods by Sea Act (COGSA) is a U.S. law that regulates the responsibilities and liabilities of shipping companies when transporting goods by sea. Enacted in 1936, it provides a legal framework that outlines the rights of cargo owners and the obligations of carriers. COGSA ensures that carriers are responsible for the goods while in transit, but also sets limitations on their liability for loss or damage. It aims to balance the interests of both shippers and carriers, promoting fair practices in maritime shipping.