Convention on the Carriage of Goods by Sea (COTIF)

The Convention on the Carriage of Goods by Sea (COTIF) is an international treaty designed to regulate the transport of goods by ship. It establishes the rights and responsibilities of shipping companies and cargo owners, ensuring standardized procedures for liability in case of loss or damage. COTIF aims to protect cargo interests while facilitating maritime trade by providing clear rules. It also promotes safer shipping practices and ensures that disputes can be resolved fairly. Essentially, it helps make international shipping more efficient and reliable for everyone involved.