White Sea Conference began in 1905‚ with 112 members in Copenhagen‚ Denmark. It was designed to represent the shipping industry and establish acceptable industry-wide freight weight for the carriage of wood. BIMCO developed charter parties for the ships and cargoes which were carried by them. Here the first Charter Party‚ Balton‚ was used in 1908. Brief History of BIMCO cont’d Due to the extensive growth of the organization‚ representing various entities for trade‚ the name was then changed
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classical story of the ship of Theseus. Change and identity becomes complex and the definition of objects change. An object is a thing that exists in time and space and has many properties or aspects such as size and colour. As these properties change‚ so do the object and the object’s identity‚ so therefore objects are always changing with time. The story of the ship of Theseus has had philosophers puzzled for centuries. The classical story is told by Plutarch (46-120 AD)‚ ‘The ship wherein Theseus
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Contents Executive summary 2 Industry analysis………………………………………………………………………………………………………………………….3 Major external environmental factors 3 Money exchange………………………………………………………………………………………3 Economic situation……………………………………………………………………………………4 The politics……………………………………………………………………………………………4 Five forces…………………………………………………………………………………………………………………………...5 Main strategies…………………………………………………………………………………………………………………….6 Site visit and company report 7 Value chain 7 Research and development
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scenario in shipping industry 45% of sea accidents is attributed to communication deficiencies. Actually I would like to highlight about how far maritime English can influence ship’s safety. The human element is a critical feature of all aspects of ship and operation. The human element has long been recognized as important to marine
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transporting people. Any vessel (cruise ship mostly) that carries people from one State to another or a United Sates territory must also follow the rules outlined in section 27 (Text
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“Containerization (or containerisation) is a system of intermodal freight transport using standard intermodal containers as prescribed by the International Organization for Standardization (ISO). These can be loaded and sealed intact onto container ships‚ railroad cars‚ planes‚ and trucks.” The shipping container is one of the most significant inventions of the twentieth century. Along with the internet‚ it has revolutionised the global economy and the way we conduct business today. Consumers in
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are increase/decrease in product and process innovations. Just like every other industry‚ the ship-breaking industry has the following phases – 1. Introduction phase of the industry life cycle: Emerging industries are new or reformed industries that originate from technological innovation‚ changing the relationship between relative costs‚ new customer needs or other economic and social changes. Ship breaking industry is no exception to this. From early 60’s to till now there has been lots of technological
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Risk Management in the Shipping Industry Shipping is a business that is extremely in tune with prevailing market sentiment. Its success depends on a prospering economy‚ due to the increased global trade. It is also partially sheltered from temporary downturns because businesses will switch from more expensive air freight‚ and save costs by using shipping as their means of transporting their goods instead. The industry is also an extremely competitive one‚ as there are only two main considerations
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Introduction In this paper‚ we will attempt to research how freight costs can be reduced. We will evaluate three possible outcomes as well as create an operational definition of the research problem. We will identify the constructs for the operational definition and point out the benchmarks used for measurements. The outcomes will be compared to the operational definition. An outline for addressing or finding a solution will also be included. Evaluate three possible outcomes to your research
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Abstract The article is about modeling the resilience of surface freight transportation systems. Healthy freight movement between different areas is significant for trade development and economic production. The authors examine how to make sure that a transportation system can still work properly after criticism and major revision. The authors want to give the audience some general ideas about the modeling of the resilience of freight transportation systems‚ and provide an example of its application
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