International Maritime Law
… investigative standards among states can impede timely and consistent outcomes. Admiralty Jurisdiction – the legal authority of a nation’s courts to adjudicate maritime matters, including contracts, torts, and offenses occurring at sea. Related terms: Flag State Jurisdiction , Exclusive Economic Zone (EEZ) , International Tribunal for the Law of the Sea . Explanation: Admir …
Undergraduate Certificate in Energy Trading and Risk Management
… physical substance or product that is interchangeable with other products of the same type and quality, and is traded on a commodity market. Examples of energy commodities include crude oil, natural gas, coal, electricity, and emission allowances. **Contango:** A market situation in which the futures price of a commodity is higher than the expected spot price at the …
