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    Shipping Business NOV 2017

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    mehulgujar22
    Ics Shipping Business exam Paper NOV 2017

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    Shipping Business NOV 2017

    Uploaded by

    mehulgujar22
    114 views2 pages
    Ics Shipping Business exam Paper NOV 2017

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    © © All Rights Reserved

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    PDF, TXT or read online from Scribd

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    Ics Shipping Business exam Paper NOV 2017

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    114 views2 pages

    Shipping Business NOV 2017

    Uploaded by

    mehulgujar22
    Ics Shipping Business exam Paper NOV 2017

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    WEDNESDAY 15th NOVEMBER – AFTERNOON

    SHIPPING BUSINESS
    Time allowed – three hours

    Answer any FIVE questions – all questions carry equal marks

    Please read the questions carefully before answering

    1. Compare and contrast the structures available for creating a ships agency company and
    give the advantages and disadvantages for each. Discuss the one that is most appropriate to
    your region.

    2. The letter of credit for the cargo is about to expire and the cargo has still to be loaded
    on board the ship. The charterer asks you to sign and stamp the bills of lading for today’s date,
    even though the cargo will only be loaded in two days’ time. What are the dangers here and
    how would you respond to this request?

    3. The IMO plays an important role in shipping. Discuss the origins of this organisation,
    and its current structure. Comment on THREE important conventions for which it is
    responsible.

    4. Discuss FIVE ways in which a company can protect itself from foreign exchange
    fluctuations. Explain how each of these work and select one which you would use in your line
    of work.

    5. You have been nominated as the port agent by the charterer, but the owner is
    somewhat nervous of using the service of your new company. Explain to the owner your
    standard operating procedures for attending to their ship, from being appointed through to
    sending out the final disbursement account.

    PLEASE TURN OVER

    The Institute of Chartered Shipbrokers examinations


    November 2017
    6. There are FOUR Incoterms relating specifically to sea and inland waterways. Name
    these and give an explanation of how they work and at what point risk and property pass.

    7. What is the role of the S&P shipbroker and what skills does the broker require?

    8. Discuss FIVE different functions that a ship management company can carry out for an
    owner, and what is involved in each.

    The Institute of Chartered Shipbrokers examinations


    November 2017

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