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SB 2017 (Question)

This document provides a list of 8 questions for a shipping business exam. The questions cover topics like Protection and Indemnity Associations, port and liner agencies, voyage and time charters, roles of protecting and charterer's agents, general average principle, structure and roles within a ship management company, seeking appointment as port agents, and functions of bills of lading. Students are instructed to choose 5 questions to answer in the 3 hour exam.

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Mrat Lynxx
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360 views2 pages

SB 2017 (Question)

This document provides a list of 8 questions for a shipping business exam. The questions cover topics like Protection and Indemnity Associations, port and liner agencies, voyage and time charters, roles of protecting and charterer's agents, general average principle, structure and roles within a ship management company, seeking appointment as port agents, and functions of bills of lading. Students are instructed to choose 5 questions to answer in the 3 hour exam.

Uploaded by

Mrat Lynxx
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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WEDNESDAY 10TH MAY - AFTERNOON

SHIPPING BUSINESS
Time allowed – three hours

Answer any FIVE questions – all questions carry equal marks

Please read the questions carefully before answering

1. Protection and Indemnity Associations are an integral part of the shipping industry. Describe
their functions and why a ships agent/broker would use one.

2. Explain the main business functions for TWO of the following and comment on the
practitioner/principal relationship.
i. Port Agency
ii. Liner Agency
iii. Ship Operations and Management
iv. Ship Sale and Purchase
v. Dry Cargo Chartering
vi. Tanker Chartering

3. Discuss the similarities and differences between voyage charters and time charters.

4. What are the different roles of the protecting agent and the charterer’s nominated agent?
Use examples to support your answer.

5. Explain the principle and operation of General Average.

6. Answer BOTH parts of the question.


a) Show the structure of a large ship management company using a diagram to support
your answer.
b) Explain the role of the different departments within the company and explain how they
work together to ensure an efficient service to a ship's owner.

PLEASE TURN OVER


The Institute of Chartered Shipbrokers examinations May 2017
7. Write to a shipowner, seeking the appointment of your company to act as port agents for their
vessels.

8. Describe the main functions of the Bill of Lading and explain the concept of a 'clean' B/L and its
significance to the buyer and seller in international trade.

The Institute of Chartered Shipbrokers examinations May 2017

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