• The Act defines many of the rights and responsibilities of both the issuers and the holders of ocean bills of lading. — Abbr. COGSA. [Cases: Shipping 103. C.J.S. Shipping §§ 232–242.]
Carriage of Goods by Sea Act
Maritime law. A 1936 federal statute regulating a carrier’s liability for the loss or damage, and sometimes the delay, of ocean cargo shipped under a bill of lading. 46 USCA §§ 1300–1315.