Possible ways to negate or eliminate the liability


Background:

The General Agreement on Tariffs and Trade or GATT was created in 1947 and provides the basis for most multilateral trade negotiations for reducing trade barriers. Since 1947, GATT has provided the rules for international trade and a forum for international trade disputes. In 1994, a new trade agreement was reached, known as the General Agreement on Tariffs and Trade. This created a new GATT trade agreement, which enhanced the role of international law in regulating trade and created the World Trade Organization (WTO).

For each type of international carrier explain the liability each international carriers face and possible ways to negate or eliminate the liability they face:

- Air carriers
- Sea carriers
- Land carriers
- Ocean intermediaries

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Financial Accounting: Possible ways to negate or eliminate the liability
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