5.3 Assignment: Textbook Questions

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5.3 Assignment: Textbook Questions
LGMT 685
James Rock

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)

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