CHAPTER 1 THE PROBLEM AND ITS BACKGROUND Introduction Due to the continuous efforts towards trade liberalization‚ there has been a substantial increase for transport and logistics‚ and thus an increase in the supply of service from custom brokers. Custom brokers have been traditionally playing an important role as an intermediary between trade and Customs administration. The procedures performed evolved from mere cargo transportation to the provision of complete logistics solution‚ which
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profitable? Case Analysis The opening of the St. Lawrence Seaway along with the development of new locks in the Welland Canal and Sault Ste. Marie in 1959 attributed to 14 giant grain elevators‚ allowance of larger freighter ships to enter the lakes‚ and an increased density of ship passage (Bell‚ 1998). As a result of the new development along the waterfront‚ SEG was able to grow steadily and eventually maintained shipment volumes of a million tons for the first time in company history in 1979. Since
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The approach that I thought would be best would be to take a weighted average of Price/DWT for 4 closely comparable ships. Upon taking an average of these Price/DWT factors‚ I multiplied this value by the 172‚000 weight of the Bet Performer to get its worth. I also considered the Capsize index in pricing the Bet Performer off of its comparable. The max Index value was now 12‚479 in May 2008‚ so solving for an index factor to adjust my 76.65 million result‚ yields a selling price of $135.36 million
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office or on the ship is mentioned in these manuals. Usually the crew on the ship is always low‚ about 25‚ including officers and supporting officers (ratings).People in this industry are not prone to following the specified safety rules‚ and so they end up facing disastrous consequences‚ such as cutting and mincing of fingers because of not taking safety precautions. PNSC is one of the very few companies in the World‚ which has latest and effective equipment for the safety of the ships. Such as ISET
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English and how does it contributed to my career in maritime field. Maritime English is very important since English is the universal language; seafarers should learn different terms concerning navigation for ensuring safety‚ efficient and profitable ship operation. Language learning is to improve the student’s four skills of listening‚ speaking‚ reading and writing‚ with the base of good grammar and large vocabulary‚ including technical and maritime jargon. It is also an English language used by maritime
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Eurasia International is a wholly owned subsidiary with a mandate to operate as a competitive third party ship manager. It provides suite of services that covers end-to-end solution for the shipping industry. As highlighted in this case report‚ the key issue confronting Eurasia International is being able to maintain the necessary HR focus while controlling the ship’s cost structure‚ staying in tune with customer requirements and anticipating the competition. The company’s mantra of success is “Being
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Collings 1 Transportation is one of the most important parts of society today and even five hundred years ago. In Elizabethan England‚ travel was very basic‚ just feet‚ hooves‚ and wheels on cobblestone streets (Singman 86). Ships were also very important to travel and colonization‚ for England is an island nation (Time Life Ed. 132). Many towns were put on navigable rivers just to make travel easier because many people in this time used rivers and oceans for transportation
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flexible attitude. Now‚ how can I best represent myself as a Filipino seafarer‚ I can best represent myself as a ship piercing through the waves of the seas. We know that a waves is one factor that makes the ship capsize‚ it can slows down a ship or can make a ship vanished and then appear again. A ship in a sea is like an island‚ but the only difference is that an island is not moving while the ship is moving. Loneliness will always be there. You will be away from your family and love ones for a month or
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communication is very vital especially through radio communication on board which is very helpful during navigation at sea. Radio communication is the easiest forms of communication on board and the most useful method. Through radio communication a ship can provide information to where be there location‚ in times of many unpredictable circumstances the crews and officers will be able to ask assistance during emergency cases. The utilization of radio communication in sending data and information to
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ITTC – Recommended Procedures and Guidelines Testing and Extrapolation Methods Propulsion‚ Performance Propulsion Test 7.5-02 -03-01.1 Page 1 of 14 Effective Date 2002 Revision 01 Table of Contents 1 2 3.3.2.1 Propeller Thrust .............................7 3.3.2.2 Propeller Torque ............................7 3.3.3 External Tow Force.......................7 3.3.4 Rate of revolution..........................8 3.3.5 Sinkage and trim ...........................8 3.3.6 Speed
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