Standard Trading Conditions Central

Course details

To minimise the risk involved in business transactions, it is essential to understand and acquire the "how-to" skills to apply the Standard Trading Conditions (STC).

The STC was revised at the 30th Annual General Meeting of SLA held on 7 May 2004 to reflect changes in the logistics industry taking into consideration, several judgements upheld up the court in Singapore and incorporated suggestions, comments and feedback from member-companies. The specially designed course will enable participants to :

• Examine the obligations of shippers/consignees
• Understand the liabilities involved in undertaking special instructions involving goods and services
• Identify the general indemnity and liability of company provided under the STC
• Define the conditions under which the company is not liable to compensate claims
• Distinguish the liability and indemnity conditions of the company acting as agent and as principal
• Define the rules governing electronic data interchange

Designed For

All levels of staff to gain an overall perspective of the SLA STC and how they are applied.

Certification

A Certificate of Attendance will be awarded upon successful completion with 75% attendance.

Coverage

• Definitions and Application
• Obligations of Customer
• Special Instructions, Goods and Services
• General Indemnities
• Charges
• Liberties and Rights of the Company
• Containers
• General Liability
• Amount of Compensation
• General Average
• Miscellaneous
• Jurisdiction and Law
• Company Acting as Agent
• Company Acting as Principal 
• Air Carriage
• Both to Blame Collision Clause
• Rules Governing Electronic Data Interchange