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Broad Economic Categories. The Broad Economic Categories ( BEC) is a three-digit classification, which groups transportable goods according to their main end use. It is most often used for the general economic analysis of international merchandise trade data. The BEC system is defined in terms of the Standard International Trade Classification ...
In commercial shipping, laytime is the amount of time allowed, measured in days (or portions thereof), hours, or even tides, within a voyage charter for the loading and unloading of cargo. [1] [2] Under a voyage charter or time charter, the shipowner is responsible for operating the vessel, and the master and crew are the employees of the ...
Ray J. William Ray Norwood Jr. (born January 17, 1981), [1] known professionally as Ray J, is an American R&B singer, songwriter, television personality, and actor. Born in McComb, Mississippi, and raised in Carson, California, he is the younger brother of singer and actress Brandy Norwood. [3] In January 2017, he competed in the nineteenth ...
An Act to make provision for the enforcement of contractual terms by third parties. The Contracts (Rights of Third Parties) Act 1999 (c. 31) is an Act of the Parliament of the United Kingdom that significantly reformed the common law doctrine of privity and "thereby [removed] one of the most universally disliked and criticised blots on the ...
In economics, a complementary good is a good whose appeal increases with the popularity of its complement. [further explanation needed] Technically, it displays a negative cross elasticity of demand and that demand for it increases when the price of another good decreases. [1] If is a complement to , an increase in the price of will result in a ...
Today, shipping is the country's most important industry worth $ 21.9 billion in 2018. If related businesses are added, the figure jumps to $ 23.7 billion, employs about 392,000 people (14% of the workforce), and shipping receipts are about 1/3 of the nation's trade deficit. [4] [5] In 2018, the Greek Merchant Navy controlled the world's ...
Revised text of statute as amended. The Merchant Shipping Act 1995 (c. 21) is an act of Parliament passed in the United Kingdom in 1995. It consolidated much of the UK's maritime legislation, repealing several Acts in their entirety and provisions in many more, some dating back to the mid-nineteenth century.
England 's economy is one of the largest and most dynamic in the world, with an average GDP per capita of £37,852 in 2022. [1] His Majesty's Treasury, led by the Chancellor of the Exchequer, is responsible for developing and executing the government's public finance policy and economic policy. Government involvement is also primarily exercised ...