affreightment". The charterer agrees to pay a freight charge for cargo space. The voyage‚ amount of cargo space‚ and time of delivery will all be covered by the contract. One common type of contract is the “voyage” charter. This type of charter usually concerns the hire of a vessel‘s entire cargo space for one or more specific voyages. If the charterer does not require the use of an entire ship‚ the agreement will specify what portion of the cargo is used and is referred to as a "space" charter. With these
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Roles and Responsibilities of the Pilot and the Master The compulsory state pilot directs the navigation of the ship‚ subject to the master’s overall command of the ship and the ultimate responsibility for its safety. The master has the right‚ and in fact the duty‚ to intervene or displace the pilot in circumstances where the pilot is manifestly incompetent or incapacitated or the ship is in immediate danger (“in extremis”) due to the pilot’s actions. With that limited exception‚ international law
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Supply Chain and the Economy Accessibility: The ability of the carrier to provide service between the origin and destination. It also refers to the carrier’s ability to serve the shipper or consignee’s place of business. For example‚ in order to ship and receive a railcar‚ both the origin and destination must have a side track. Aggregate demand: The total effective demand for the nation’s output of goods and services. This can also refer to the sum of individual demands for a mode’s or carrier’s
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DB SCHENKER 1. HISTORY & EVOLUTION DB SCHENKER is a German company originally founded on 1872 in Vienna‚ Austria‚ by Gottfried Schenker with the name of Schenker & Company. It is classified as a forwarding company. Its first operations were undertaken to link Paris with Vienna aimed to fulfil make possible the luxury desires of the high Vienna’s society; a year later this route grew to become an excellent way to transport all kind of items between both cities [Martin Murray‚ 2014]. In
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Gujarat University‚ Ahmedabad – MBA in MM Programme GUJARAT UNIVERSITY B. K. SCHOOL OF BUSINESS MANAGEMENT MBA IN MARITIME MANAGEMENT CURRICULUM EFFECTIVE FROM ACADEMIC YEAR 2011-12 ONWARDS (ACADEMIC COUNCIL DATED:-18/08/2012) GU/Syllabus MBA in Maritime Management / 11-12 Onwards Page 1 of 88 Gujarat University‚ Ahmedabad – MBA in MM Programme Programme structure a) Duration of the programme b) No. of semesters : : Two years full time programmes. Two semester each in the1st and 2nd year
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By ab Introduction • Ocean Carriers Inc. owned and operated cape-size dry bulk carriers worldwide. • Major Cargo type : Iron ore. • Vessel sizes : 80000 DWT to 210000 DWT. • Cape-size carriers travel around Cape Horn rather than the Panama Canal due to size constraints. Operations Maintenance Maintaining Supplies And on board Stores Supply of Lubricants Cargo Operations Repairs Insurance Business Model • Mostly chartered on “time charter ” basis for one‚ three
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Prediction of Market in future: Domestic market: VOSCO will still be the biggest shipping company especially in bulk and dry bulk cargo transportation while continuing to develop oil and container shipping International market: VOSCO tend to be more active and concentrate on seaborne trade within Asian Region (such as Korea‚ China‚ Indonesia…) as well as furthering other freight routes all over the world (Africa‚ Europe and America). Motivation why VOSCO want to expand their market to foreign
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Huffman Trucking James Roswell University of Phoenix BSA/310 Instructor: Eric Wilson November 11‚ 2010 Introduction Huffman Trucking Company was created in 1936 with a single tractor-trailer. There growth is due to World War II and the U.S. Governments demand for carrier services for factories in the Midwest to ports on the East Coast. In 1945‚ there growth increased to 36 trailers and 16 tractors. There growth is due to internal sales with the acquiring of five Eastern regional carriers
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Investment Analysis4 Operating Policy7 Conclusion8 Appendix Introduction Ocean Carrier Inc. owned and operated cape-size dry bulk carriers worldwide. Major Cargo type is iron ore and coal. Vessel sizes are 80‚000 DWT to 210‚000 DWT. Cape-size carriers travel around Cape Horn rather than the Panama Canal due to size constraints. The cargo operations include maintenance‚ repairs‚ insurance‚ supplying of lubricants‚ maintaining supplies and on board stores. Fundamental Analysis Business Model Mostly
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[2] Major ports handled over 74% of all cargo traffic in 2007. . Cargo handling is projected to grow at 7.7% until 2013-14.[3] Some 60% of India’s container traffic is handled by the Mumbai Port and Jawaharlal Nehru Port Trust in Navi Mumbai. There are also 7 shipyards under the control of the central government of India‚ 2 shipyards controlled by state governments‚ and 19 privately owned shipyards. The major ports handled 423.4 million tons of cargo for the financial year 2005-2006‚ with Vishakhapatnam
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