Shipping Essay

KEY TRENDS SHAPING THE GLOBAL ECONOMY IN GENERAL AND THE SHIPPING INDUSTRY IN SPECIFIC We are living in interesting times where the rate and scale at which change is happening is immense. The impacts of the changes happening today have far reaching impacts than the ones the world has had hitherto. Technology has been the sole enabler in taking the changes to the lower rungs of the society the world over. The underprivileged today have a better scope of having a decent livelihood. The benefits of

Technology have greatly impacted the transportation field and in effect have completely changed the way the human race travel, the way goods are shipped and the economy of every developed nation. Technology in transportation is not something new, technology have continually had in impact on travel and transportation. This impact can be see ranging from the Viking “Longships”, which were very fast for their times. These Longships facilitated the Vikings expansion and helped them conquer new lands

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 brought suit against Goodpasture, Shipper Stevedoring, Skulptor and Baltic Shipping to compensate the damages. When calculated the damages conclude 42,120 cans

Shipping is one of the best examples of generators of externalities. There is a range of externalities involved in shipping such as water, noise, air, congestion, death and injury. The economics of maritime safety and environment specialises in studying the relationship between the economic system and the maritime safety and environment system and the way the two systems interact. Such a study aims at achieving a balance between the objectives of the two systmems. In order to face these externalities

Summary – “The Box”, by Marc Levinson. Princeton 2006 Marc Levinson brings together in his book “The Box”, How The Shipping Container Made The World Smaller And the World Economy Bigger, a history in unitised freight handling in its birthplace, and shares with us an education in obsession, innovation, and invention. He describes through his main character, Malcom McLean, how to do business by integrating shipper, transporter, and customer in controlled logistics/ in a smooth supply chain. Further

COMPANY PROFILE- GSN FREIGHT FORWARDING INDIA PVT LTD BACKGROUND The firm was incorporated on 6th, November, 2013 as ‘GSN Shipping & Logistics India Pvt Ltd’. Mr Swami Naidu Prudhukumar & Mr Malik Sharif were its founding directors & shareholders. Mr. Swami Naidu was appointed as its MD & Mr Malik Sharif as its Joint MD. Mr Abdul Hamid, Mr Vaidheshwaran & Ms Vahini Naidu were inducted as its additional directors. The company had its HQ at Vishakhapatnam with registration from ROC, Hyderabad. Mr

FJCA 4; Civil Appeal No.07 of 1979 (25 July 1979) aff’g. INTRODUCTION The case discusses two groups where the importer (Burns Philip) relegates a shipping company (Marine Pacific Ltd). The shipping company was conveying the payload on the deck of a barge and the barge was damaged amid the course. The importer documented a case expressing that the shipping company needs to compensate for the loss of merchandise (under rupture of obligation under the Sea Carriage of Goods Ordinance). One of the provisions

Introduction The modern day system of international commerce has developed over roughly 200 years. Much until about the end of the eighteenth century it was most unlikely to transact export trade as it is today because of lack of technological infrastructure. The important legal framework which would have made for the use of the bill of lading as a document of transfer was lacking. Today much of the world’s tonnage is transacted under cif contracts which debuted about 150 years ago. In international

A description of the following for the 3 countries or geographic regions within countries you identified and based on your research findings: – Economic conditions within the international markets, as well as expenditure on the products or services the company provides and trends in use of such products or services; Selected overseas countries Economic conditions Overseas country 1: Indonesia GDP: 4.02 % by the end of this quarter National currency:Rupiah Local currency to Australian Dollar

been rendered this criteria must be met before revenue is recognized (Phillps, Luehlfing, & Daily, 2001). In this circumstance delivery or partial delivery has occurred but there is a possibility of the shipments being returned because of the shipping instructions of the customers. There are times when exceptions to these rules do exist, and when that type of circumstance arises there must be clear communication between the external auditors and the finance departments. Next are the Sarbanes-Oxley