By Alan E. Branch F.C.I.T., F.I.Ex., A.I.T.A. (auth.)
BY Sir Frederic Bolton, M.C. Chairman zero/ F. Bolton staff Ltd, Director zero/ Sealink Ltd and a prior President o/the normal Council zero/ British transport The transport has continuously lacked a physique which may confer specialist prestige on would-be practitioners: in that experience, not like these heavily allied to his duties - the marine engineer, the shipowner or supervisor is obliged to stay an unqualified novice. the most recent addition to Mr Branch's record of titles is going some distance in the direction of correcting this place: a formal learn of the fabric in his booklet could basically pass a ways to confer the prestige of 'complete send operator' upon an individual who used to be tested on its contents. comprehend ledge as accomplished as that got via Mr Branch's publication needs to offer a valid base on which to construct the event of perform. Contents Foreword v Pre/ace xi Acknowledgements xiii Diagrams xiv 1 prone Rendered via Sea delivery to overseas alternate 1 functionality zero/ transport and its courting to foreign alternate. stability zero/ alternate and stability zero/ funds. dating among global seaborne alternate and global mercantile fleet. 2 Economics of overseas alternate thirteen functionality zero/ overseas alternate. Survey zero/ foreign alternate. Commodity trades. stream o/manu/actured items. Multinational businesses. Freight /orwarding. significant buying and selling parts o/the international. Pre/erential buying and selling teams. foreign trade premiums. three Economics of send layout 31 effect zero/ fee, development and sa/ety /actors. send layout standards. Economics zero/ send propulsion.
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Extra resources for Economics of Shipping Practice and Management
Transactions are conducted verbaIly, but where the commodity is not immediately transferred to the buyer against payment, written confirmations are exchanged. These take the form of standard 'contracts' that have evolved over time and must be employed by all parties. 2. Any dispute between buyer and seIler is submitted to arbitration as laid down by the market authorities. 3. Where any commodity is sold by specification, the actual consignment is inspected and the price adjusted to take account of any divergence from standard.
SHIP DESIGN CRITERIA The scope for making the wrong decision in ship design has increased greatly in recent years with the increase in the size of vessels and the expansion in the range of types available. It is axiomatic that a ship design must be the best for the job, but technical criteria such as minimum resistance are not enough. It is now gene rally accepted that the main criterion must be an economic one that gives full weight to technical factors. To design the optimum ship, the influence of different design features on initial cost must be evaluated in depth; the shipbuilder is much better able than the shipowner to quantify accurately the cost of alternative hull proportions, materials or machinery arrangements.
Finland became an associate member in 1961 and Iceland a full member in 1970. Now that Denmark and the United Kingdom have joined the EEC, the significance of EFTA has declined considerably. European Economic Community (EEC) As the reconstruction of Europe was beginning after the end of the Second World War, there emerged the idea of a supernational European community based initially on economic union but developing towards political union. It evolved through the following stages: (a) Belgium, the Netherlands and Luxembourg formed the Benelux customs union in 1948.
Economics of Shipping Practice and Management by Alan E. Branch F.C.I.T., F.I.Ex., A.I.T.A. (auth.)