Sky Rocketing Oil Prices - a ‘Stealth Threat’ to Shipping Industry The extraordinary rise in oil prices has an indelible impact on many industries. Being an activity that depends greatly on oil‚ shipping has not escaped this development. Shipping is a crucial facilitator of much of the world’s trade; hence‚ the rising cost of shipping as a result of the rise in oil prices is naturally a matter of great concern to the industry and beyond. Shipping companies are decidedly edgy to market trends
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1. Discuss the basic inventory problem confronting this firm. The basic inventory problem is that there are very little inventory supplies on hand so more often than not‚ inventory supplies have to be ordered. As a result‚ the inventory supplies have to be ordered and shipped air freight; which is very expensive. 2. Air freight bills keep growing both in numbers and in total dollar value of freight transported. What are the factors that have contributed to the development of this situation? Do
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Order Size‚ Transportation Costs‚ and Economic Order Quantity Jerome Benedict 604 488 9691 Prepare answers to the following questions prior to class. In class you will be given time to discuss your findings in small groups. Be prepared to present your findings either individually‚ or as a group‚ to the class. This discussion exercise is worth 2.5% of the overall mark for this module. 1. Is it reasonable to think order sizes are infinitely variable? How does this relate to LTL (less-than-truckload)
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BILL OF LADING (B/L) A B/L is one of the key documents in international trade and mostly in the shipping industry. It is document issued by the agent of a carrier to a shipper‚ signed by the owner of the vessel to provide proof that the goods have been received. In a nutshell the B/L is a contract between the person shipping the goods‚ the carrier and the receiver of the goods. The B/L is a legal document that must be thorough‚ accurate and complete. For example‚ suppose that a logistics company
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Name: Ch 8 Question 1 Fill in the Blank 5 points Freight terms of FOB destination indicate that the __________ is to pay the shipping cost. Question 2 Fill in the Blank 5 points When a shipment is labeled ____________ __________ __________‚ this means the seller pays the shipping charge and adds it to the invoice. Question 3 Fill in the Blank 5 points If an invoice is dated March 17‚ with credit terms of 4/20‚ N/50‚ this means a discount
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Lecture topic‚ Knowing YACHT Story about Taiwan Yacht Industry & Horizon Group The history shows that the yacht sailing starts from Ming Dynasty “Zheng He’s Expedition”. The business Flow of yacht industry as below‚Boat show→Contract/Spec. Negotiation→Simple Sketch drawing→Manufacturing→Shipping/delivering→After sale service. At class‚ I was thinking the high price of buying a yacht so I raised a question “The yacht price is high‚ is the payment term important for your company? What is the payment
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Terms and Conditions for Purchase Order 1) If unable to make shipment on date specified‚ notify procurement department at once. 2) No charges will be allowed for boxing‚ crating or cartage unless previously agreed. If through routing is not specified‚ ship by route providing lowest rate‚ otherwise excess will be charged to your Account. 3) The right is reserved to cancel this order if not fulfilled in accordance with our delivery schedule. 4) This order is subject to modification
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Biovail Corporation Issues : 1) The company has the problem with their recognition of the profit Whether they should realize or not the revenue for the third quarter. 2) Issues on the concepts of revenue recognition that have been apply in the company to show their financial results. Whether Biovail Corporation recognize its revenue using FOB shipping point or FOB destination. Suggested Solution 1) FOB Destination shipping term The truck accident had no impact on company’s third quarter
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Introduction Stolt- Nielsen Limited is the world’s leading provider of integrated transportation and storage solutions for specialty and bulk liquid chemicals and a wide range of other liquid products. Stolt- Nielsen has a long and rich history‚ dating back as far as 1959. The history of Stolt- Nielsen has shown the relationship that they have maintained with the customer and reflects the company’s sustained focus on innovation‚ quality‚ safety and service. Stolt-Nielsen’s corporate services are
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EIN5346 Logistics Engineering Ibanez‚ Maria Elisa Panther ID #1289184 November 20‚ 2014 Case 2.1: Senco Electronics Company 1. If you were Skip Grenoble‚ which alternative would you advise Jim Beierlein to implement? What criteria would you use to arrive at your decision? If I were Skip Grenoble‚ an alternative I would advise
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