using a diagram, identify the different compartments of a typical 20,000 ton passenger ship

using a diagram, identify the different compartments of a typical 20,000 ton passenger ship

THE BUSINESS OF SHIPPING

 

Instructions to candidates:

a) Time allowed: Three hours (plus an extra ten minutes’ reading time at the start – do not write anything during this time)

b) Answer any FIVE questions

c) All questions carry equal marks. Marks for each question are shown in [ ]

 

1. using a diagram, identify the different compartments of a typical 20,000 ton passenger ship. [20]

 

2. Outline the advantages and disadvantages of large ships. Use a diagram where appropriate to illustrate your answer. [20]

 

3. ‘The practical responsibility for safe navigation rests on masters and navigating officers’ (International Chamber of shipping resolution). In addition the Chamber recognises there are important management functions.

 

a) List and explain the FIVE functions. [12]

b) What are the TWO recommendations made by the IMO in 1978 with regard to this issue? [8]

 

4. Cost classification is normally divided into three groups. List the THREE groups with an explanation for EACH. [20]

 

5. a) The carrying capacity of ships comprises four main factors. List and describe the FOUR factors. [10]

    b) Identify the THREE major developments that produced what is referred to as ‘modern shipping’. [10]

 

6. a) In shipping finance what is meant by equity, debt, and bank financing? [12]

    b) Explain the terms ‘default risk’ and ‘default ratings’. Use a diagram to illustrate your answer. [8]

 

7. In preparing a voyage estimate, list the FOUR steps involved, with an explanation of EACH step. [20]

 

8. a) What are the TWO main functions of the marketing department of a shipping company? [6]

    b) List and explain the roles of forwarding agents, ship’s agents and loading brokers. [14]


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