Contract and Seller

The Present Worth of this project with a 36,000 bbl/day facility is $404.5M and the total profit that Wildcat Oil is expected to make is $404.5M - $260.4M, which amounts to $144.1M.

2. Maritime services to include electricity, water and refuelling; dry stack storage, winter layup onshore, wash down and general servicing facilities including refits and anti-fouling as well as a lift for vessels.

Many of the laws and regulations regarding the shipment of crude oil were created before this rapid increase, and are inadequate for the unforeseen boom in transporting oil by rail. This document provides an overview of major policy issues and recommendations on this topic gathered from

The process on ocean freight started with picked up the goods. Freight forwarder will picked up the goods from shippers. In this stage, there were many documents that have to be completed such as invoice, packing list, certificate of origin, letter of instruction, dangerous goods declaration and CITES certificate. These documents were required in order to allowed the shippers to sent their goods. In ocean freight, Ocean Bill of Lading as part of those required document is needed to be the evidence of the delivery as well as a contract of carriage between the shipper and the ocean freight company (Transportation Best Practices Manual, 2011). Dangerous goods declaration is needed if shippers want to transfer dangerous items, because the improper

In contract law concerning sales transaction, a Right to Cover is a remedy that is available to a buyer under Article 2 of the Uniform Commercial Code (UCC), which governs the sales of goods. The UCC states a buyer may use a cover as a protection in an action of a breach in a sales contract. The buyer, in good faith, would purchase substitute goods when the seller violated the contract and fail to deliver the goods the buyer has asked for. The buyer can recover from the seller the difference of the cost of cover and contract price with any additional incidental or consequential damages. In other words, after the seller breaches the contract, the buyer is able to look for reasonable substitute goods. Then the buyer would have the damages recover from the seller. For example Bob, the buyer owns a hair salon. Bob orders 15 boxes of shampoos from John, the seller. John runs a hair supply store. Bob specifically orders the Green Tea scented shampoos. In his order, Bob states that he must have the shampoos by January 21. Bob pays the full contract price of $30 per box (a total of $450) to John. However on January 21, John delivers 15 boxes of peppermint-scented shampoos. The goods are nonconforming because the shampoos are not what Bob has ordered. One option that Bob has is to cover or purchase reasonable replacement goods. Bob then decides to contact another supplier; Susan to order the Green Tea scented Shampoos and having it deliver on the same day. But Susan’s hair supply

Ocean Carrier Inc. owned and operated cape-size dry bulk carriers worldwide. Major Cargo type is iron ore and coal. Vessel sizes are 80,000 DWT to 210,000 DWT. Cape-size carriers travel around Cape Horn rather than the Panama Canal due to size constraints. The cargo operations include maintenance, repairs, insurance, supplying of lubricants, maintaining supplies and on board stores.

The Seller will sell, transfer and deliver to the Purchaser on or before May 30, 2014, the following good (the ‘Goods’): 10,000 widgets.

* Outbound freight : Charged back to Product lines based on Actual No. of Pounds of Product Shipped.

1. for the carriage of a consignment of wine from South Africa (which has incorporated the Hague-Visby Rules, under its own Carriage of Goods by Sea Act 1986) to London (the UK).

Liner shipping companies are still struggling hard with capacity management due to deliveries of ships accounting for 1.3 million TEU. Most of the companies are reducing their services which enabled them to push through rate increases temporarily, But the profit margin is still limited (Clarkson PLC 2014). To cope with the market environment focusing on intense pricing pressure, shipping companies have started to cooperate in many forms, ranging from slot-chartering, vessel sharing, cargo sharing, strategic alliances, mergers and acquisitions etc. The main reason for alliances is due to the need of cargo volumes in the scale of operation and to spread the risk associated with investment in the huge vessels.

a. A subsystem that is similar to but not exactly the same as subsystems used by competitors; several large companies offer to make modifications to the subsystem to fit your requirements.

A contract is a legal document that tends to create an extended relationship between a buyer and seller of an output, in which they specifically tend to restrict the buyer and seller to exchange at terms indicated in a legal document. Also, contracts are also another way to purchase inputs. Moreover, contract length is mainly depends on the output where it may be short, or lengthy and complicated. Also, contracts clearly need to indicate the set of tasks that each contracting party expects the other to perform. Along with specifying the set of tasks, they also have stated some of the solutions to the problems in the event where if the buyer or the seller are not able to perform the tasks or able to fulfill its requirement properly. In addition, if the contract is not done the way a firm want it, then the injured party may happen to go to court to enforce the contract. By obtaining input with contracts, the purchasing firm appreciates the reimbursements of specializing in the things in what it does best because there are other firms who actually only produces the inputs the purchasing firm needs. A contract allows the acquiring firm a greater ability to buy ‘nonstandard’ inputs for which there might not be enough suppliers. In addition, these strategies of obtaining inputs are most likely to work very well because they are relatively easy to write a contract that completely give full details about the characteristics of the inputs needs in a document. In the future, it can be

1. for the carriage of a consignment of wine from South Africa (which has incorporated the Hague-Visby Rules, under its own Carriage of Goods by Sea Act 1986) to London (the UK).

goods or cash, particularly for long supply routes. There are however exceptions, such as in

In exercise of the power conferred by subsection (8) of section 467 of the Merchant Shipping Ordinance 1952, the Minister makes the following rules: