by Ekrem Duman | Jul 25, 2026 | Contract Negotiation, Procurement, Sourcing
⚡ TL;DRAWWL means Always Within Institute Warranty Limits, a legacy marine-insurance shorthand indicating that a vessel should trade within the geographical limits accepted by its policy. Procurement should not treat it as a universal current rule; confirm the policy,...
by Ekrem Duman | Jul 25, 2026 | Contract Negotiation, Procurement, Supply Chain
⚡ TL;DRASSIGNMENT is the transfer of a right, interest or valuable transport document to another party. Procurement should distinguish assignment of contract performance from assignment of payment or delivery rights, confirm document negotiability and authority,...
by Ekrem Duman | Jul 23, 2026 | Contract Negotiation, Procurement, Vendor Management
⚡ TL;DRA freight CLAIM is a formal request for compensation or another remedy after loss, damage, shortage, delay or service failure. Procurement should distinguish a claim from a complaint or delivery exception, preserve evidence, meet notice deadlines, allocate...
by Ekrem Duman | Jul 23, 2026 | Contract Negotiation, Cost Reduction, Procurement
⚡ TL;DRCI (Cost and Insurance) appears in legacy or bilateral trade wording but is not a current standalone Incoterms 2020 rule. Procurement should not infer delivery point, risk transfer, freight responsibility or insurance scope from the abbreviation; define the...
by Ekrem Duman | Jul 23, 2026 | Contract Negotiation, Procurement, Supply Chain
⚡ TL;DRA CHARTER PARTY is the contract for hiring a vessel or its carrying capacity. Procurement should define the charter type, cargo and route, vessel and class requirements, laycan, loading and discharge terms, freight or hire, demurrage, off-hire, performance...
by Ekrem Duman | Jul 23, 2026 | Contract Negotiation, Procurement, Vendor Management
⚡ TL;DRA CERTIFICATE is evidence issued by a defined body that a person, product, process or management system met stated criteria at a stated time. Procurement should verify the issuer, accreditation, scope, validity, exclusions, site and product applicability before...
