Running Head: 5.3 Assignment: Textbook Questions 1
5.3 Assignment: Textbook Questions 4
5.3 Assignment: Textbook Questions
ERAU
LGMT 685
By
James Rock
5.3 QUESTIONS
Chapter 9
Using a browser such as Google, type ?Images for bill of lading example? and select a completed bill of lading of interest. First, identify the type of bill of lading chosen (i.e. ocean, uniform, to-order, negotiable, non-negotiable, intermodal, airway bill, etc.). Then discuss at least three particular areas on the bill that you find intriguing. For example, you may find special handling instructions for lifting and handling the cargo. Do not simply echo back information off the form.
The bill of lading in the image above for Ocean Transport or Multimodal
…show more content…
Port of discharge ? This is the name and address of the port where the compartment or freight will be emptied.
2. The US Export Administration Regulation (EAR) is particularly interested in export items that are considered dual use. What is a dual-use item? Provide examples of dual use items.
Dual-use items are products that may find usage in the private sector as well as military applications. This stuff includes goods, technology, software, diagrams and documents. Dual-Use items can extend from crude materials to parts and finish frameworks including aluminum composites, lasers or heading. They could likewise incorporate things that are utilized as a part of the generation or improvement of military products including machine devices, a synthetic assembling device, and PCs (Terpstra et al., 2012).
Chapter 10:
1. What is meant by the term "general average"? Provide an example with your answer. Do you feel it is fair practice?
General average is a law which is a lawful standard of oceanic law whereby all crew in an ocean venture relatively share any misfortunes emerging from a sacrifice of part of the freight or ship to spare the entire in an emergency. An example of this is an occasion where the team tosses some load over to make the ship lighter in an ocean storm (Billah,
…show more content…
It is fair as any of the cargo had equal chances of being thrown overboard as the crew often have no time to determine exactly whose cargo to jettison, and the merchant's cargo thrown overboard saves the rest.
2. Lloyd's of London is not an insurance company but rather a marketing company that brokers deal with other insurers for many unusual risks such as insuring satellites. It does so by finding a group of "members" willing to assume (insure) these type risks. Using the internet or any other source, investigate and discuss a recent news article involving Lloyd of London and logistics & supply chain management.
Mapping supply chain is a great approach to help Lloyd's London survey its whole portfolio to search for areas of risk accumulation, as well as identifying areas of opportunity where little insurance is written accompanied by little connection with insured risks. The technique set out can offer assistance to support a practical and predictable method for outlining presentation situations through bridging supply and distribution chain data as essential building blocks (Bichou et al., 2013)
25. In a science fiction movie, an officer is implementing an experimental process to prevent a catastrophic geologic event affecting a primitive indigenous alien population. A crew of a starship vessel is willing to save him; however, environmental conditions prevent simple extraction. The commander refuses to let the crew extract the officer, proclaiming “the needs of the many outweigh the needs of the few, or in this case, one.” The commander’s conclusion is based on which moral theory?
Bryan is speaking at the Democratic National Convention. His purpose is to speak for all businessmen and not just the trader. He is there to create unity and no longer sit back and watch big business take away what is theirs.
1.) According to Lao-tzu, what must the ruler provide the people with if they are to be happy?
A bond with an annual coupon of $70 and originally sold at par for $1,000. The current market interest rate (yield to maturity) is 8%. This bond will sell at _______. Assuming no change in market interest rates, the bond will present the holder with capital ________ as it matures.
1. Long-distance commerce acted as a motor of change in pre-modern world history by altering consumption and daily life. Essential food and useful tools such as salt were traded from the Sahara desert all the way to West Africa and salt was used as a food preserver. Some incenses essential to religious ceremonies were traded across the world because there was a huge demand for them. Trade diminished economic self-sufficiency by creating a reliance on traded goods and encouraged people to specialize and trade a particular skill. Trade motivated the creation of a state due to the wealth accumulated from controlling and taxing trade. Trade posed the problem of if the government or private
What do you think would be the most interesting aspect of working with firearm evidence? What do you think would be the most challenging part?
3. Geoff has a written agreement with Huck. To accomplish the objectives of this relationship, Geoff's authority can
Therefor there is a probability that the cards drawn will equal a sum of 10.
b) Species A is the predator and species B is the prey. When species B’s population increases, it allows for the increase in population for the predator species.
Smith, CPA, is a partner of Johnson Accounting Firm. Johnson audited the books of Hometown Bank. Smith’s independence would be impaired under which of the following circumstances?
Study Questions: Answer the following questions (based on the reading), save it and then submit it to the professor.
1 ship is exchanged 1 food on condition that they agree to trade ships and food at an international term of trade of 1. Athens should trade 12.5 ships to Troy, and Troy should trade 8.5 foods to Athens. Troy will experience the greater gains from trade.
uses budgeted fleet hours to allocate variable manufacturing overhead. The following information pertains to the company 's manufacturing overhead data:
1. Kennedy, Dissent(even though the K does not require payment against documents, it is necessarily implied by the term CIF, because otherwise the S would give up the goods, while B would still be able to reject them at the port of delivery, or would have to hold the B/L until goods were accepted, in violation of the K. This view was taken upon appeal to H of Lords.
ANSWER THE 4 QUESTIONS ON THE FOLLOWING PAGES. BEFORE REVIEWING THE QUESTIONS, PLEASE BE AWARE OF THE FOLLOWING ISSUES--