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- Title
THE ROLE OF NVOCCs AND OTIs ON REDUCING THE THREAT OF COUNTERFEITS: A CONTRACTING PERSPECTIVE.
- Authors
Stapleton, Drew; Nandialath, Anup Menon
- Abstract
Though the Carriage of Goods by Sea Act of 1937, and many subsequent amendments, vastly limit the ocean carrier's liability, especially the transport of containerized cargo, increased scrutiny is being placed on Non Vessel Operating Common Carriers (NVOCCs), and Ocean Transport Intermediaries (OTIs) regarding their roles in the distribution of counterfeit brands. This paper takes a contracting perspective on the issue and suggests that shippers can potentially use a combination of fixed and variable rewards to NVOCCs/OTIs thus creating strong incentives for NVOCCs and OTIs to put in great effort to reduce the likelihood of counterfeit goods being shipped.
- Subjects
PRODUCT counterfeiting prevention; MARITIME shipping; NONVESSEL operating common carriers; FREIGHT &; freightage; MARITIME law
- Publication
Journal of Transportation Law, Logistics & Policy, 2016, Vol 83, Issue 4, p295
- ISSN
1078-5906
- Publication type
Article