Since its establishment in 1976, the Korea Port and Harbor Association (KPHA) has dedicated itself to promoting the development and collaboration of port-related industries. Through research, technology development, and international exchanges, KPHA has played a vital role in enhancing port competitiveness and supporting sustainable development, while actively cultivating talent in port management.
Busan Port, the sixth largest container hub in the world, is focused on expanding its infrastructure. Through the construction of new container terminals, integrated logistics complexes, and deep excavation projects, it aims to enhance international shipping capabilities and strengthen its position as a core container port in Northeast Asia.
Kake Airport is a small airport located in Kake, Alaska, featuring a 4,000-foot runway and multiple communication frequencies to ensure safe navigation services. Its advanced weather observation and navigation advisory systems offer users a high-quality experience, serving as a gateway to explore Alaska's natural beauty and culture.
This article explores the concept of cargo loss in maritime transportation, detailing the definitions and applicable situations of actual total loss and constructive total loss. Actual total loss refers to the complete loss of cargo during transport, while constructive total loss is recognized when the repair and salvage costs exceed the value of the cargo. Understanding these concepts helps cargo owners effectively manage transportation risks and safeguard their commercial interests.
