This paper concentrates on the primary theme of using a diagram, identify the different compartments of a typical 20,000 ton passenger ship in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 40. For more details and full access to the paper, please refer to the site.
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]