Definition
Shipping is the process of transporting goods or cargo from one location to another using ships, vessels, or boats. It is a crucial component of international trade and commerce, enabling the movement of goods between countries and continents via sea routes. Shipping involves various activities such as loading, unloading, cargo handling, navigation, and vessel operations, aimed at transporting goods safely, efficiently, and cost-effectively across oceans, seas, or waterways.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.