Assessment for Shipping Business International Trade

Assessment 3 Buyer: The Theatre of Wine, in Greenwich, London, United Kingdom Shipowners/Shippers: Carry Carefully, South Africa The copy of B/L is attached. A. 1. for the carriage of a consignment of wine from South Africa (which has incorporated the Hague-Visby Rules, under its own Carriage of Goods by Sea Act 1986) to London (the UK). 2. The wine was shipped and the master issued a clean straight bill for the goods, which contained a no liability for loss or damage caused by negligent preparation of the vessel clause. 3. The straight bill had to be presented for collection of the goods. 4. When the wine was discharged, The Theatre of Wine discovered that it had become contaminated by the ingress of rain and†¦show more content†¦Marine insurance covers, among other things, the transportation of cargo on land, sea or air. Claims for loss and damage to cargo under a marine insurance policy, when paid, give rise to subrogation, by which the insurer gets an opportunity to try to collect back from the party(ies) responsible for the loss or damage. Through subrogation, the insurer gets to stand in the shoes of the insured, who is most often the owner of the cargo. When the cargo owner (usually the insured) entrusts the goods to someone for storage or transportation, a bailment is created. If the goods move from or to the United States, internationally by ocean, that bailment relationship is controlled by the Carriage of Goods by Sea Act (COGSA), a statute of the United States. International shipments, not touching a U.S. port, may be controlled by other treaties, such as Hague-Visby or Hamburg Rules. BILL OF LADING: This is a key document for cargo claims. A bill of lading generally serves three purposes: (1) document of title; (2) a contract of carriage and (3) a receipt for goods. Ocean bills can be negotiable instruments and control possession of the goods. According to South Africa shipping amp; maritime legislation there is no marine insurance act . Where appropriate the British Marine Insurance Act is used as a persuasive reference. However the Institute Cargo Clauses issued under the auspices of the Institute of London UnderwritersShow MoreRelatedAssessment for Shipping Business International Trade4893 Words   |  20 PagesAssessment 3 Buyer: The Theatre of Wine, in Greenwich, London, United Kingdom Shipowners/Shippers: Carry Carefully, South Africa The copy of B/L is attached. A. 1. for the carriage of a consignment of wine from South Africa (which has incorporated the Hague-Visby Rules, under its own Carriage of Goods by Sea Act 1986) to London (the UK). 2. The wine was shipped and the master issued a clean straight bill for the goods, which contained a no liability for loss or damage caused by negligentRead MoreEssay On Containerized Shipping1724 Words   |  7 PagesFinal Paper Maritime Terrorist Attacks via Containerized Shipping Christopher Welch Author Note This paper was prepared for Operations Management 5993, taught by Dr. Livingston Executive Summary There is a growing concern over the vulnerabilities of port security and the possible exploitation of these vulnerabilities by a terrorist organization; specifically, the use of containerized shipping. The vastness of the process of maritime operations alone creates a large opportunity for vulnerability,Read MoreA New, Improved Way to Package Goods for Transport with Liner Shipping804 Words   |  4 Pages Introduction Liner Shipping developed new ways of packaging goods for transport; their growth has influenced the global trade. Even during economic crisis there has been tendency to move more and more goods through this means. Their growth influenced the efficiency of the whole supply chain. The progress of this trade has been faster than other sectors (Brooks 2000). Global environment of trading is constantly changing and Geographic concentrations of interlinked business and factories called clustersRead MoreAn Analysis Of The International Logistics Systems1481 Words   |  6 Pagesmechanisms for their supply chains (Coyle et al. 2015). In addition, the various firms or companies have to contend with the fact that the increased distances of transportation come with its fair share of risks. The firms need to carry out risk assessment to deal with the unexpected processes. From another point of view, the firms need to make several compromises as they enter into various agreements that will ensure that the transportation processes are well integrated into logistics activitiesRead MoreExport And Import Strategy For The Shipping Lines1045 Words   |  5 PagesEXPORT AND IMPORT STRATEGY FOR THE SHIPPING LINES: A COMPARATIVE STUDY DECLARATION I DECLARE THAT I HAVE COMPLETED THIS PROJECT ON EXPORT AND IMPORT STRATEGY FOR THE SHIPPING LINES: A COMPARATIVE STUDY SUBMITTED IS TRUE AND ORIGINAL TO THE BEST OF MY KNOWLEDGE. ACKNOWLEDGEMENT â€Å"FOR ANY SUCCESSFUL WORK, IT OWES THANKS TO MANY† The limited vocabulary will not fail me to express my loyal and vulnerableRead MoreThe Iraqi Dry Canal Profile1747 Words   |  7 Pagesvision called The Dry Canal project to transport goods between the North and South of the world quickly, safely and inexpensively. 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These threeRead MoreBrazil : A Snapshot Of Brazil1168 Words   |  5 Pageshas assumed a more prominent voice on global trade. After the global financial crisis in 2008, Brazil appeared to recover more quickly than many other countries mainly due to its industrial and agricultural exports. Topics being discussed: †¢ Brazil’s vast quality and quantity of resources for international exports †¢ Possible products/innovations Brazil is best known for †¢ Advantages that provides this country with the competitive edge in global trade †¢ Competitive advantages offered by this countryRead MoreA Brief Note On International Logistics Inc.2186 Words   |  9 Pages International Logistics Inc. Assessment Ashley Ellenberger MGT 370 International Supply Chain Management Dr. Irina Weisblat June 26, 2016 Introduction Working for International Logistics Inc. and being such an integral part of the growth of this company has been a real honor. Looking towards the future of International Logistics Inc. it is important to focus the company’s attention towards new international ventures in order to keep up with globalization. Working as the internationalRead MoreOpenness And Foreign Direct Investment1446 Words   |  6 Pagesresident in another economy.† In 2014, the flows of FDI into Qatar reached more than USD 1,040 million See Fig. 1 (â€Å"Qatar Foreign Investment,† 2016). Qatar is exceptionally open to FDI, as its objective is to become a world-class leader in terms of its business environment for foreign direct investment. Over the past several years, this has become a reality by way of improvements made to the country’s infrastructure and the creation of favorable foreign investment laws. Particularly, the main sectors that Assessment for Shipping Business International Trade Assessment 3 Buyer: The Theatre of Wine, in Greenwich, London, United Kingdom Shipowners/Shippers: Carry Carefully, South Africa The copy of B/L is attached. A. 1. for the carriage of a consignment of wine from South Africa (which has incorporated the Hague-Visby Rules, under its own Carriage of Goods by Sea Act 1986) to London (the UK). 2. The wine was shipped and the master issued a clean straight bill for the goods, which contained a no liability for loss or damage caused by negligent preparation of the vessel clause. 3. The straight bill had to be presented for collection of the goods. 4. When the wine was discharged, The Theatre of Wine discovered that it had become contaminated by the ingress of rain and seawater due†¦show more content†¦Seaworthiness not to be implied. There shall not be implied in any contract for the carriage of goods by sea to which the Rules apply by virtue of this Act, any absolute undertaking by the carrier of the goods to provide a seaworthy ship. Jurisdiction of courts. (1) Notwithstanding any purported ouster of jurisdiction, exclusive jurisdiction clause or agreement to refer any dispute to arbitration, and notwithstanding the provisions of the Arbitration Act, 1965 (Act No. 42 of 1965), and of section 7 (1) (b) of theShow MoreRelatedAssessment for Shipping Business International Trade4877 Words   |  20 PagesAssessment 3 Buyer: The Theatre of Wine, in Greenwich, London, United Kingdom Shipowners/Shippers: Carry Carefully, South Africa The copy of B/L is attached. A. 1. for the carriage of a consignment of wine from South Africa (which has incorporated the Hague-Visby Rules, under its own Carriage of Goods by Sea Act 1986) to London (the UK). 2. The wine was shipped and the master issued a clean straight bill for the goods, which contained a no liability for loss or damage causedRead MoreEssay On Containerized Shipping1724 Words   |  7 PagesFinal Paper Maritime Terrorist Attacks via Containerized Shipping Christopher Welch Author Note This paper was prepared for Operations Management 5993, taught by Dr. Livingston Executive Summary There is a growing concern over the vulnerabilities of port security and the possible exploitation of these vulnerabilities by a terrorist organization; specifically, the use of containerized shipping. The vastness of the process of maritime operations alone creates a large opportunity for vulnerability,Read MoreA New, Improved Way to Package Goods for Transport with Liner Shipping804 Words   |  4 Pages Introduction Liner Shipping developed new ways of packaging goods for transport; their growth has influenced the global trade. Even during economic crisis there has been tendency to move more and more goods through this means. Their growth influenced the efficiency of the whole supply chain. The progress of this trade has been faster than other sectors (Brooks 2000). Global environment of trading is constantly changing and Geographic concentrations of interlinked business and factories called clustersRead MoreAn Analysis Of The International Logistics Systems1481 Words   |  6 Pagesmechanisms for their supply chains (Coyle et al. 2015). In addition, the various firms or companies have to contend with the fact that the increased distances of transportation come with its fair share of risks. The firms need to carry out risk assessment to deal with the unexpected processes. From another point of view, the firms need to make several compromises as they enter into various agreements that will ensure that the transportation processes are well integrated into logistics activitiesRead MoreExport And Import Strategy For The Shipping Lines1045 Words   |  5 PagesEXPORT AND IMPORT STRATEGY FOR THE SHIPPING LINES: A COMPARATIVE STUDY DECLARATION I DECLARE THAT I HAVE COMPLETED THIS PROJECT ON EXPORT AND IMPORT STRATEGY FOR THE SHIPPING LINES: A COMPARATIVE STUDY SUBMITTED IS TRUE AND ORIGINAL TO THE BEST OF MY KNOWLEDGE. ACKNOWLEDGEMENT â€Å"FOR ANY SUCCESSFUL WORK, IT OWES THANKS TO MANY† The limited vocabulary will not fail me to express my loyal and vulnerableRead MoreThe Iraqi Dry Canal Profile1747 Words   |  7 Pagesvision called The Dry Canal project to transport goods between the North and South of the world quickly, safely and inexpensively. Road and rail schemes should be planned to run this project in Iraq could change the ordinary shape on the regional trade. In short: Shipments (Cargo) coming across the Gulf will be loaded in trains and trucks from the Iraqi Grand port of Al-Faw Southern of the country, and then will travel across the country to Turkey and then to Europe. This would give shippers companiesRead MoreQuestions On Value Chains And Business Activities Essay1850 Words   |  8 PagesCHAPTER 1 TOPIC Value Chains Value Chains is considered to be a combination of nine business activities that work together within any business to provide value for customers. Within the nine activities the three core ones are inbound and outbound logistics, these are activities that are combined in distribution. Production which is the manufacturing from raw materials. Sales and marketing which is the interface between producers and customers, such as customer service and advertising. These threeRead MoreBrazil : A Snapshot Of Brazil1168 Words   |  5 Pageshas assumed a more prominent voice on global trade. After the global financial crisis in 2008, Brazil appeared to recover more quickly than many other countries mainly due to its industrial and agricultural exports. Topics being discussed: †¢ Brazil’s vast quality and quantity of resources for international exports †¢ Possible products/innovations Brazil is best known for †¢ Advantages that provides this country with the competitive edge in global trade †¢ Competitive advantages offered by this countryRead MoreA Brief Note On International Logistics Inc.2186 Words   |  9 Pages International Logistics Inc. Assessment Ashley Ellenberger MGT 370 International Supply Chain Management Dr. Irina Weisblat June 26, 2016 Introduction Working for International Logistics Inc. and being such an integral part of the growth of this company has been a real honor. Looking towards the future of International Logistics Inc. it is important to focus the company’s attention towards new international ventures in order to keep up with globalization. Working as the internationalRead MoreOpenness And Foreign Direct Investment1446 Words   |  6 Pagesresident in another economy.† In 2014, the flows of FDI into Qatar reached more than USD 1,040 million See Fig. 1 (â€Å"Qatar Foreign Investment,† 2016). Qatar is exceptionally open to FDI, as its objective is to become a world-class leader in terms of its business environment for foreign direct investment. Over the past several years, this has become a reality by way of improvements made to the country’s infrastructure and the creation of favorable foreign investment laws. Particularly, the main sectors that