though some writers opine that it was in 3000 BC (not in the present form) when the Chinese merchants were dispersing their shipments along with several vessels with a view to minimize the damage to the shipments. Then a time came when the insurance of ships and cargo came in the form of bottomry that was essentially a monetary protection in the case the cargo is lost at sea or damaged. Then‚ the Danish sometime in 1132 started reimbursement of the loss occurring at sea. When Italian merchant came to England
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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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increased to 12 days per year for ships operating for more than 5 years. • For ships operating for more than 10 years the repair and maintenance days increased to 16 day per year. Operating Policies • Ocean Carriers didn’t operate ships which were more than 15 years old. • As per international maritime regulations they underwent special surveys every 5 years for seaworthiness of the carriers. • As per the norms maintenance costs of ships older than 15 years was too high.
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Contents |Question No. | |Page | | | | | |1 |Critically assess the key drivers of the Shipping Industry. |1 | | |
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Working with a company called Ocean Rig there was very few issues with Pirates. However most recently on October 5th‚ seven Tanzanian pirates attempted to board a ship that Ocean Rig owns and has currently on its maiden voyage (first voyage out at sea) named‚ the Ocean Rig Poseidon. Tanzanian pirates fired on the ship with automatic rifles but they were soon thwarted by the Tanzanian navy and armed guards on the Ocean Rig Poseidon. How has the strategy of pirates changed over time? With
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History of Piracy Across the World Circa. 69 -- 1730 C.E. Prepared by: Franz Q. Dunsworth Prepared for: Mr. Evans World Civilization 10/31/2014 Webster defines the word pirate‚ as someone who engages in robbery‚ particularly the robbery of ships at sea. However‚ pirates were also known for occasionally attacking coastal towns. Some pirates were referred to as corsairs or buccaneers‚ determined by their time period and area of operation. During the 15th through 18th centuries‚ pirates who
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Win a Norwegian Fjords trip from Casino Cruise! Have you been dreaming of the most beautiful experience - a mega-exciting Norwegian cruise to see the authentic nature of the breath-taking Norwegian Fjords? With Casino Cruise‚ you have an opportunity to win an all-inclusive one week trip for two people aboard Holland America Line’s magnificent Koningsdam cruise ship. How to enter the Draw for this Dream Cruise? Promotion runs from 16th April until 30th June 2016. It’s very easy to participate –
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organization‚ Noauthor provided] b-If the Vessel comes into collision with another ship as a result of the negligence of the other ship and any act‚ neglect or default of the Master‚ Mariner‚ Pilot or the servants of the Carrier in the navigation or in the management of the Vessel‚ the owners of the cargo carried hereunder will indemnify the Carrier against all loss or liability to the other or non- carrying ship or her Owners in so far as such loss or liability represents loss of‚ or damage to‚
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rather stable – perhaps not as successful as in the years before‚ but still doing quite good. According to a Lloyd’s List article from October 2012‚ the LNG market has been doing much better than the other shipping sectors‚ with only around 5% idle ships. This of course is mainly due to the high demand for energy from Japan‚ where the same figure was twice as large prior to the Fukushima disaster (Lloyd’s list‚ 2012c). The situation in the spot and in the time charter markets has been different in
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hire rates are determined according to supply and demand of the shipping capacity. According to the article‚ the supply of ships available equals the number of ships currently in the fleet plus any new ships added‚ minus any scrapings and sinking. According to Exhibit 2‚ there are a limited number of ships older than 24 years which are likely to be scraped. For those ships under the age group from 15 to 19‚ they will continue to provide supply and are not likely to be scrapped because a lot of them
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