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Shipbuilding & Ocean Development Business Operation
Shipbuilding & Ocean Development Business Operation June 4, 2009 Shiro Iijima Director, Executive Vice President, General Manager, Shipbuilding & Ocean development Headquarters 1 Contents 1. FY2008 Overview -3 2. Shipbuilding & Ocean Development - 4 Business Environment 3. FY2009 Earnings Outlook -7 4. Outline of FY2009 Measures -8 5. Company-wide Special Measure -9 “Challenge 09” 6. Restructuring of Business Strategies -10 (Headquarters Business Plan) 2 1. FY2008 Overview Order Receipt Net sales Operating Profits • After Lehman shock, no ・Ship deliveries: 23 (+1 YoY) • Bottom line improved, new orders for Car carrier: 10 but profits were eroded commercial-use ships LNG carrier: 5 by provision for losses LPG carrier: 1 in ordered work arising • Public-sector orders held at normal level Container carrier: 2 from yen appreciation Patrol boat: 2 and higher prices for • Ships ordered: 18 (-14 YoY) Ferry: 1 steel, and other materials. 1H: 16 Others: 2 2H: 2 (public sector) ・Sales o par with previous 5-yr average Initial FY2008 target Previous 5-yr average: 320.4 JPY240.7 billion (JPY billion) (2003~2007) Decline in orders for (JPY billion) (JPY billion) commercial ships 353.6 271.3 283.9 240.1 4.0 1.6 2007 2008 2007 2008 2007 2008 3 2. Shipbuilding & Ocean Development Business Environment Lehman shock has caused major changes in marine transport and shipbuilding industries. 1) Marine transport industry <Seaborne cargo volume (actual and forecast)> 100億トン million ton <Before Lehman shock> 140 ・Increased seaborne cargoes ⇒ Tonnage shortages -
Protecting Consignors' Interests and Rights to Recover Property
A NEW YORK LAW JOURNAL SPECIAL SECTION Corporate Restructuring & Bankruptcy WWW. NYLJ.COM MONDAY, JUNE 22, 2015 Protecting Consignors’ Interests And Rights to Recover Property BY CARREN B. SHULMAN onsignment is an arrangement between two parties for one to sell the goods C of another. If the goods are sold, a dis- counted sales price is paid to the original seller with the balance to the buyer/con- signee. Many retail industries have used consignment for years, but many are mov- ing towards consignment. Other industries have used consignment and consignment-like relationships, such as “conditional sales.”1 In this uncertain economy, consignment is realizing a resurgence and may be an effec- tive cost saving measure for vendors/con- signees. This article addresses the law on consignment and how consignors protect themselves. Consignment is governed by Article 9 of the Uniform Commercial Code (UCC). §9-109(a)(4). Consignment is defined in UCC §9-102 as: a transaction, regardless of its form, in which a person delivers goods to a mer- chant for the purpose of sale and: (A) the merchant (i) deals in goods of that kind under a name other than the name of the person making delivery; aggregate value of the goods is $1,000 ship rights. To the extent the consignment (ii) is not an auctioneer; and or more at the time of delivery; relationship fails sections (B) or (C) above, there may be a consignment relationship, (iii) is not generally known by its credi- (C) the goods are not consumer goods but it may not be governed by Article 9. -
Chartering Terms by Kevin Stephens
Chartering Terms By Kevin Stephens www.wwproject.net A B C D E F G H I J K L M N O P Q R S T U V W X Y Z ABBREVIATION MEANING AA Always Afloat AAAA Always Accessible Always Afloat AAOSA Always Afloat or Safe Aground. Condition for a vessel whilst in port AARA Amsterdam-Antwerp-Rotterdam Area ABAFT Toward the rear (stern) of the ship. Behind. ABOARD On or within the ship ABOVE DECK On the deck (not over it – see ALOFT) ABSORPTION Acceptance by the carrier of a portion of a joint rate or charge which is less than the amount which it would receive for the service in the absence of such joint rate or charge. ABT About ACCEPTANCE OF GOODS The process of receiving a consignment from a consignor, usually against the issue of a receipt. As from this moment and on this place the carrier’s responsibility for the consignment begins. ACKNOWLEDGEMENT OF RECEIPT A notification relating to the receipt of e.g. goods, messages and documents. Active Inventory covers raw material, work in progress, finished products that will be used or sold within a given period without extra cost or loss. This term does not cover the so-called reserve inventory. ACTUAL DEMAND Customers’ orders and often also the allocation of items, ingredients and/or raw materials to production or distribution. ACTUAL VOYAGE NUMBER A code for identification purposes of the voyage and vessel which actually transports the container/cargo. ADCOM Address Commission ADDED VALUE The value attributed to products, and services as the result of a particular process (e.g. -
Legal and Economic Analysis of Tramp Maritime Services
EU Report COMP/2006/D2/002 LEGAL AND ECONOMIC ANALYSIS OF TRAMP MARITIME SERVICES Submitted to: European Commission Competition Directorate-General (DG COMP) 70, rue Joseph II B-1000 BRUSSELS Belgium For the Attention of Mrs Maria José Bicho Acting Head of Unit D.2 "Transport" Prepared by: Fearnley Consultants AS Fearnley Consultants AS Grev Wedels Plass 9 N-0107 OSLO, Norway Phone: +47 2293 6000 Fax: +47 2293 6110 www.fearnresearch.com In Association with: 22 February 2007 LEGAL AND ECONOMIC ANALYSIS OF TRAMP MARITIME SERVICES LEGAL AND ECONOMIC ANALYSIS OF TRAMP MARITIME SERVICES DISCLAIMER This report was produced by Fearnley Consultants AS, Global Insight and Holman Fenwick & Willan for the European Commission, Competition DG and represents its authors' views on the subject matter. These views have not been adopted or in any way approved by the European Commission and should not be relied upon as a statement of the European Commission's or DG Competition's views. The European Commission does not guarantee the accuracy of the data included in this report, nor does it accept responsibility for any use made thereof. © European Communities, 2007 LEGAL AND ECONOMIC ANALYSIS OF TRAMP MARITIME SERVICES ACKNOWLEDGMENTS The consultants would like to thank all those involved in the compilation of this Report, including the various members of their staff (in particular Lars Erik Hansen of Fearnleys, Maria Bertram of Global Insight, Maria Hempel, Guy Main and Cécile Schlub of Holman Fenwick & Willan) who devoted considerable time and effort over and above the working day to the project, and all others who were consulted and whose knowledge and experience of the industry proved invaluable. -
Instructions for Completing Form BIS-711, Statement of Ultimate Consignee and Purchaser
Instructions for completing Form BIS-711, Statement of Ultimate Consignee and Purchaser All information must be typed or legibly printed in each appropriate Block or Box. Block 1: Ultimate Consignee. The Ultimate Consignee must be the person abroad who is actually to receive the material for the disposition stated in Block 2. Therefore, a bank, freight forwarder, forwarding agent, or other intermediary is not acceptable as the Ultimate Consignee (For a definition of intermediate consignee, please see page 2 of this document.) If the ultimate consignee is an individual, please state the name as listed on a government-issued ID. If the ultimate consignee is a company, please state the company name and address as listed on the business license/business certificate. * Please note: The information given in Block 1 must match the name and address listed on your Bill of Lading/Air Waybill issued by a freight forwarder. Block 2: Disposition or Use of Items by Ultimate Consignee named in Block 1. Place an (X) in “A.,” “B.,” “C.,” “D.,” and “E.,” as appropriate, and fill in the required information. * Please note: Certain armored vehicles are considered a controlled item under Department of Commerce export regulations (ECCN 0A606), and cannot be resold, transferred or re-exported without prior authorization from the US Department of Commerce. Block 3: Nature of Business of Ultimate Consignee named in Block 1. Complete both “A” and “B”. Possible choices for “A” include: broker, distributor, fabricator, manufacturer, wholesaler, retailer, value added reseller, original equipment manufacturer, etc. Possible choices for “B” include: contractual, franchise, distributor, wholesaler, continuing and regular individual business, etc. -
Consignment Accounting Journal Entries
Definition and Explanation of Consignment: Learning Objectives: 1. Define and explain the terms consignment, consignor and consignee. The word consignment can be generally defined as the act of sending a quantity of goods by the manufacturers and producers of one country or place to their agents in another at the risk of the principals for the purpose of sale. Goods so sent are known as "consignment". The sender of the goods is called the consignor. Generally the manufacturers or producers are consignors. The person to whom goods are forwarded for the purpose of sale is known as the consignee. The consignment can beclassified as: 1. Outward consignment. 2. Inward consignment. It is called "outward" when the dispatch of a quantity of goods from one country to another is made for the purpose of sale and is called "inward" when the receipt of the quantity of goods is made for the purpose of sale. Goods sent on consignment do not become the property of the consignee. He has not bought them. The ownership remains with the sender or the consigner. If the goods are destroyed, the receiver (consignee) is not responsible. The loss will fall on the consignor. The consignee tries to sell the goods according to the instructions of the consignor. When the goods have been sold, he will deduct his expenses, commission, etc., from the sale proceeds and the balance is remitted to the consignor. The relationship between the consignor and the consignee is that of principle and agent. The consignee is the agent. The consignee acts entirely on behalf of the consignor. -
CONSIGNMENT & JOINT VENTURE Meaning and Features Of
CONSIGNMENT & JOINT VENTURE Meaning and Features of Consignment Consignment is a process under which the owner consigns/handovers his materials to his agent/salesman for the purpose of shipping, transfer, sale etc. Following are the points that throw more light on the nature and scope of a consignment − Here, ultimate ownership of the goods remains with the manufacturer or whole seller who handovers goods to his agent for sale on commission basis. Consignment is merely a transfer of possession of goods not an ownership. Since ownership of goods remain with the manufacturer (consignor), consignee (agent) is not responsible for any loss or destruction of goods. The goods are sold on owner’s risk and hence, profit/loss goes to owner. Consignee only gets re-imbursement of expenses incurred by him and commission on sale made by him, because sale that proceeds, belongs to owner (consignor). Why is Consignment not a Sale? Following are the reasons that explain why consignment is not a sale − Ownership − Ownership of goods need to be transferred from seller to buyer in case of sale, but ownership of goods remains with the consignor, till the goods are sold by the consignee. Risk − In case of a consignment, normally, risk remains with the consignor in the event of goods being lost or destroyed. Relationship − The relation between a seller and a buyer will be of debtor and creditor in case where goods are sold on credit basis. On the other hand, the relationship between a consignor and a consignee is that of principal and agent. Goods Return − Usually, the sold goods cannot be returned back; however, if there is any manufacturing defect or any other technical fault, seller is obliged to take them back. -
1Judge John Holland and the Vice- Admiralty Court of the Cape of Good Hope, 1797-1803: Some Introductory and Biographical Notes (Part 1)
1JUDGE JOHN HOLLAND AND THE VICE- ADMIRALTY COURT OF THE CAPE OF GOOD HOPE, 1797-1803: SOME INTRODUCTORY AND BIOGRAPHICAL NOTES (PART 1) JP van Niekerk* ABSTRACT A British Vice-Admiralty Court operated at the Cape of Good Hope from 1797 until 1803. It determined both Prize causes and (a few) Instance causes. This Court, headed by a single judge, should be distinguished from the ad hoc Piracy Court, comprised of seven members of which the Admiralty judge was one, which sat twice during this period, and also from the occasional naval courts martial which were called at the Cape. The Vice-Admiralty Court’s judge, John Holland, and its main officials and practitioners were sent out from Britain. Key words: Vice-Admiralty Court; Cape of Good Hope; First British Occupation of the Cape; jurisdiction; Piracy Court; naval courts martial; Judge John Holland; other officials, practitioners and support staff of the Vice-Admiralty Court * Professor, Department of Mercantile Law, School of Law, University of South Africa. Fundamina DOI: 10.17159/2411-7870/2017/v23n2a8 Volume 23 | Number 2 | 2017 Print ISSN 1021-545X/ Online ISSN 2411-7870 pp 176-210 176 JUDGE JOHN HOLLAND AND THE VICE-ADMIRALTY COURT OF THE CAPE OF GOOD HOPE 1 Introduction When the 988 ton, triple-decker HCS Belvedere, under the command of Captain Charles Christie,1 arrived at the Cape on Saturday 3 February 1798 on her fifth voyage to the East, she had on board a man whose arrival was eagerly anticipated locally in both naval and legal circles. He was the first British judicial appointment to the recently acquired settlement and was to serve as judge of the newly created Vice-Admiralty Court of the Cape of Good Hope. -
Aaa800ews0p1260outi0june0
Report No. AAA80 - DJ Republic of Djibouti Public Disclosure Authorized Study on regulation of private operators in the port of Djibouti Technical Assistance Final report June 2012 Middle East and North Africa Region Public Disclosure Authorized Transport Group World Bank document Public Disclosure Authorized Public Disclosure Authorized Study on regulation of private operators in the port of Djibouti Contents CONTENTS INTRODUCTION ...................................................................................................................... 8 EXECUTIVE SUMMARY ........................................................................................................... 9 REGULATION ACTION PLAN FOR PORT ACTIVITES IN DJIBOUTI ........................................ 13 REPORT 1 - DIAGNOSIS ................................................................................................................. 16 1. PORT FACILITIES AND OPERATORS ................................................................................. 17 1.1. An outstanding port and logistics hub .......................................................... 17 1.2. Doraleh oil terminal ...................................................................................... 18 1.3. Doraleh container terminal ........................................................................... 18 1.4. Djibouti container terminal ........................................................................... 19 1.5. Djibouti bulk terminal .................................................................................. -
Shipping and Incoterms
Shipping and Incoterms Practice Guide UNDP PRACTICE SERIES Shipping and Incoterms Practice Guide Graphic Design, Layout and Print Production: Phoenix Design Aid A/S, Denmark. ISO 9001/ISO 14001/OHSAS 18001 certified. Printed on: This publication is printed on certified environmentally approved paper with vegetable-based inks. The printed matter is recyclable. Contents Introduction 1 1 Shipping 2 Section 1 of these guidelines is intended for persons dealing with purchasing and shipping, but it is recommended that persons at the receiving end also read it to be more familiar with how shipping operates, its terminology and documentation. Chapter 1: Importance of Transportation and Summary 2 Chapter 2: Methods of Dispatch 2 Chapter 3: Selection of Method of Dispatch 7 Chapter 4: Packing – Markings – Addresses 8 Chapter 5: Parties Involved in the Chain of Transport Events 10 Chapter 6: Shipping Documents 11 Chapter 7: Forwarding Arrangements 14 Chapter 8: Shipping Instructions 15 Chapter 9: Distribution of Shipping Documentation 16 Chapter 10: Insurance Coverage 18 Chapter 11: Insurance Claim 21 2 Receiving 24 Section 2 will explain the steps to be taken for the withdrawal of supplies upon their arrival, and especially what to do when the consignment is not in good order. Chapter 1: Retrieval 24 Chapter 2: Receipt and Inspection 25 Chapter 3: Reporting and Claims 26 Chapter 4: Feedback and Cooperation 28 Chapter 5 Examples of Claim Letters 29 3 Terms and Glossary 34 Section 3 introduces Incoterms, UNCITRAL and contains a glossary of the most common terms used in the shipping world. Chapter 1: Incoterms 34 Chapter 2: Uncitral 44 Chapter 3: Glossary 46 UNDP Practice Series, Shipping and Incoterms, November 2008 This Practice Guide is protected by international copyright laws. -
Download the Shipping Network June 2014
Legal Eagles Do you have a burning legal question for the HFW Shipping Legal Network team? Email [email protected] for them to answer your question in the next issue of the Shipping Network . Questions should be of a general nature and not specific to a Eagles... particular live issue. Holman Fenwick Willan’s crack team of specialist shipping lawyers answer your legal questions Under a combined transport bill of lading, “Freight: shall be the freight and all charges, costs, duties where the shipping line is responsible for and expenses whatsoever, payable to the carrier, or incurred by Q delivery to the named destination, should the carrier in carriage of the goods in accordance with the the shipper or any party named as consignee applicable tariff and this bill of lading, including storage, per diem or notify party be responsible for any charges and demurrage.” Guy Main if the container is delivered within the A freight definition of this type arguably includes any charges demurrage-free period shown in the bill of incurred by the carrier as a result of the contract of carriage. There lading, but where the UK port of discharge only allows the may be an argument that ‘expected’ charges are not included shipping line a shorter period free for quay rent? as they should have been provided for in the original quotation, but charges that arise out of a delay to the carriage or otherwise Ascertaining the rights of various parties arise from an event outside of the normal carriage of goods will under a bill of lading is a question of almost certainly be included. -
Stevedoring Level 1
LEARNERS GUIDE Transport and Logistics - Stevedoring Level 1 Commonwealth of Learning (COL) Virtual University for Small States of the Commonwealth (VUSSC) Copyright The content contained in this course’s guide is available under the Creative Commons Attribution Share-Alike License. You are free to: Share – copy, distribute and transmit the work Remix – adapt the work. Under the following conditions: Attribution – You must attribute the work in the manner specified by the author or licensor (but not in any way that suggests that they endorse you or your use of the work). Share Alike – If you alter, transform, or build upon this work, you may distribute the resulting work only under the same, similar or a compatible license. For any reuse or distribution, you must make clear to others the license terms of this work. The best way to do this is with a link to this web page. Any of the above conditions can be waived if you get permission from the copyright holder. Nothing in this license impairs or restricts the author’s moral rights. http://creativecommons.org/licenses/by-sa/3.0/ Commonwealth of Learning (COL) December 2009 The Commonwealth of Learning 1055 West Hastings St., Suite 1200 Vancouver BC, V6E 2E9 Canada Fax: +1 604 775-8210 E-mail: [email protected] Website: www. www.col.org/vussc Acknowledgements The VUSSC Team wishes to thank those below for their contribution to this Transport and Logistics / Stevedoring - Level 1 learners’ guide. Alexandre Alix Bastienne Seychelles, Africa Fritz H. Pinnock Jamaica, Caribbean Mohamed Liraar Maldives, Asia Ibrahim Ajugunna Jamaica, Caribbean Maxime James Antigua and Barbuda, Caribbean Griffin Royston St Kitts and Nevis, Caribbean Vilimi Vakautapola Vi Tonga, Pacific Neville Asser Mbai Namibia, Africa Kennedy Glenn Lightbourne Bahamas, Caribbean Glenward A.