Case Study 8-1 Great Lakes Carriers OVERVIEW: With the demand for Great Lakes Carrier’s traditional commodities of iron ore and grain movement on a constant decline‚ Great Lakes Carrier is in need of a new market for its bulk cargo business to stay in business. CASE QUESTIONS: 1 When considering a new business venture‚ Great Lakes Carriers (GLC) will need to gather vital marketing data to support the transition. Issues to consider would include: will the current market support a new waterway
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trade with the rest of the world and pirates strived on the ocean and took upon themselves to intercept many merchant ships and take their goods and wealth for their own. Rediker discusses how even though pirates were nothing but robbers and thieves‚ they were actually the first to create a community that resembles much like a democratic system where all of the crew had a voice on the ship. And social integration that piracy brought in as many ethnicities were welcomed to sail under the Jolly Roger‚ even
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Mather‚ Cotton. “The Seas Is a School of Vice.” Voyages‚ The Age of Sail. Ed. Smith‚ Joshua M. and the National Maritime Historical Society. Gainesville‚ Florida: University Press of Florida‚ 2009. 90-93. Print. Roland‚ Alex et. al. The Way of the Ship: America’s Maritime History Reenvisioned‚ 1600 – 2000. Hoboken‚ New Jersey: John Wiley and Sons‚ Inc.‚ 2008. 82-88 Print.
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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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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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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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As a child you would have heard tales about ships and seamen‚ pirates and shipwrecks. As you grew older you would have learned that ships are the lifeline of trade among countries. Everything from food to machinery comes by way of sea in huge ships piloted by sea captains. But what you may not know is that the captains are responsible for guiding the ship until they reach a port. Bringing the ship into the harbor and anchoring it is a task taken up by a different captain: one who belongs to a specific
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Palestinian prisoners held in Israel and threatened to blow up the ship if intervention were attempted‚ and to start to kill the passengers if their demands were not met.1 Subsequently a Jewish American passenger‚ Mr Klinghoffer‚ was shot dead and his body thrown overboard. Several days later the four men gave themselves up to the Egyptian authorities‚ following negotiations between them‚ with the aid of an intermediary‚ while the ship was lying off Port Said. These negotiations resulted in an offer
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CHAPTER 10 LONGITUDINAL STABILITY AND TRIM A ship floating at equal draught all along is said to be on an even keel‚ or to have zero trim. If the fraughts are not the same from bow to stern‚ the ship is floting with a trim. Deeper draughts aft than forward result in trim by the stern. If the draught forward exceeds the draught aft‚ the condition is called trim by the head or bu the bow. The measure of the amount of trim is simply the difference between the after and forward draughts
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