INTRODUCTION A hovercraft is an air vehicle, or ACV, is a craft capable of travelling over Land, water, on the ice , soil or other surfaces, both travel Speed and stop. Transporting vehicle also called a hovercraft, that rides slightly above the Earth 's surface on a cushion of air. The air is continuously forced under the vehicle by a fan which generates the cushion that greatly reduces friction between the moving vehicle and the surface. The air is usually delivered through ducts and injected
Therefore for ship owners to survive in this era of declining trend in freight rate and the strict requirements of international conventions on safety, attention must be turned towards developing countries for cheap but qualified and experienced seafarers by assisting
Vuchetich et al. United States, Court of Appeals, Fifth Circuit, 1982 Facts: Croft & Scully (P), signed a contract to deliver 1755 cases of soft drink to Kuwait. So plaintiff contacted M/V Skulptor Vuchetich (D), which is owned by Baltic Shipping Co., to ship the drinks on board of their vessel. Baltic Shipping Co., in turn, contacted Shippers Stevedoring, Inc., to load the soft drinks on board. While loading the soft drink containers, one of the workers “negligently dropped” containers. So Croft & Scully
control of tonnage, reliance on third parties, market risks, and speculative activity. 3.4 Similar Tonnage Vessels that combined a pool are similar between them in terms of deadweight tonnage. The tonnage should be more or less similar so that cargo and ship switched and optimum fleet deployment could be effectively managed. 3.5 Weighing System / Fair System It is common for shipping pools to use pre-arranged weighting systems and algorithms. Earnings and distribution are predefined in the system. Overhead
article “Registration of Ships in Cyprus” Michael Chambers presented the essential information about eligibility criteria and ship registration procedures. Cypriot and European citizens may proceed with the necessary procedures and register their vessel on the Registrar of Ships. However, non-European citizens who wish to register a ship under the Cyprus flag they are obliged to incorporate a Cyprus Shipping Company. The incorporated Cyprus shipping company will acquire the ship in its name. Michael
container shipping industry? Overview Macro trends affecting attractiveness of shipping industry regards 1. Overcapacity. In the next few years freight rates and margins will be challenged due to overcapacity and required investment to operate with larger ships might not be repaid. 2. Oil prices fluctuations. Government politics can affect oil prices have major impact on cost structure. In the future latest vessel with low oil consumption technology might became industry standard and could require lot of
The main reason to get insurance coverage for you boat is to prepare yourself for the unexpected. Accidents are unpredictable and any boat is liable to have them. Damages that occur to the boat or to any items on it during such accidents, may be covered by your insurance. On the other hand, if you were the cause of the accident to another person's boat, you'll need insurance to help you pay for the damages caused buy you without causing any additional damages to your bank account. You also have to
When most people think of pirates, a vision of a pirate movie with walking the plank or going on adventures comes to mind. While many pirate movies and novels like Treasure Island use this method, the real age of piracy was much different. Novels just tweak the setting and actions that take place to make the story seem better than it would be in real life, which is a tactic called romanticizing. Novels romanticize the idea of pirates in many ways, including being quick, smart, and able to escape
importance of piracy and its personage, includes their defiance against most of their alliances, which often were made with either other ships, merchants, or even other nations. Pirates would attack pretty much what ever ships they wanted to. In doing so, they wreaked havoc upon the emerging economic system. By stealing whatever they wanted from almost any ships, they disrupted trade routes and created a crisis within the trade system of the Atlantic. While they were willing participants in the
across another spacefaring race yet, but the Universe is a big place, with millions of light years between habitable planets, and even more between galaxies. The battleship Desolation slid through the same void, heading towards the Epsilon system. The ship was only visible when outlined by a star, its sides bristling with the outlines of laser cannons, rail guns, particle beams, missiles, plasma launchers, and the first of its kind, sitting in a turret above the main observation deck, the PSB. The PSB