Examples of Pomerene Act in a sentence
If the Carriage called for in this Bill of Lading is a shipment to or from the United States, the liability of the Carrier shall be exclusively determined pursuant to COGSA; the Pomerene Act [49 U.S.C. §80101 et.
Nor does it provide any immunity from prosecution under foreign antitrust laws.55 Associations seeking an exemption under the Webb- Pomerene Act must file their articles of agreement and annual reports with the Commission, but pre-formation approval from the Commission is not required.
Anecdotal evidence suggests that governments indeed seem to favor national welfare over global welfare at times—the Webb Pomerene Act in the United States, for instance, exempts export cartels from antitrust prosecution.
If the Carriage called for in this Xxxx of Lading is a shipment to or from the United States, the liability of the Carrier shall be exclusively determined pursuant to COGSA; the Pomerene Act [49 U.S.C. §80101 et.
CommentaryIn the Phase II strategic planning process, from which the Blueprint for a 21st Century Community was developed, improving the regulatory climate was a need cited by all industry groups.
Further, it is agreed that COGSA, including all its limitations and defenses, and the U.S. Pomerene Act, 1916, shall apply by contract to all shipments to or from the United States before loading and after discharge from the time the goods are received by the Carrier at the Place of Receipt or Port of Loading until delivered by the Carrier at the Port of Discharge or Place of Delivery, as applicable.
Baldrige 36Note 45Waller, The Failure of the ETC Act 45Notes 49The Webb - Pomerene Act 49Note 50International Raw Materials v.
Also, the WPA benefited the US producers in nine industries by lowering costs or enabling successful exercise of foreign market power62).In the same vein, Waller expressed the view that “the history of the Webb- Pomerene Act suggests that few export associations will have sufficient global market power to exploit foreign markets”63).
Note: The 1994 recodification of the Pomerene Act changed the term "straight bill of lading" to "non- negotiable bill of lading".
The Act was designed to promote the American export trade by granting relief from the Sherman Act provisions to the so-called export associations.Since a proper balance must have been struck between a provision that would have de facto repealed the Sherman Act and a provision that would have given the American exporters what they required, the reasons for enacting such legislation were carefully considered.One could identify four main reasons that lead to the adoption of the Webb- Pomerene Act.