Impact of Changes Brought by Rotterdam Rules Research Paper

Impact of Changes Brought by Rotterdam Rules - Research Paper Example Rotterdam Rules is the United Nations Convention for the International Carriage of Goods Wholly or Partly by Sea (Lannan). It was adopted on 11 December 2008 by the UN General Assembly and was signed on 23 September 2009 and was signed initially by 16 participating countries (Lannan). Later on, other countries also contributed to bringing the number up to a total of 21 (Lannan). Existing expansion to include door-to-door transport and extends the carriers responsibility for goods from the point of time when goods are received to the point of time when goods are delivered. (UN). The new Rotterdam Rules 2009 has a great impact on the carriers. This can be seen with respect to the changes in the provisions of liability and obligations. According to the Rotterdam Rules, the overall liability of the carrier has been increased exponentially. Under the convention, there will be a "uniform" liability regime instead of a "network" liability regime as long as there does not arise any conflict with any other international law. The various effects are discussed here as under. The convention has increased the maximum liability levels to 875 SDRs (...Imposition of liability on a carrier to ensure seaworthiness of vessel throughout the journey (UN). Increase in the limit of liability to 875 SDRs per package and 3 SDRs per kilogram (UN). Imposition of liability on carriers for a delay in delivery to an amount equal to "2.5 x the amount of freight of the cargo in question" (UN). Extension in the time to suit period by the cargo claimant against the carrier to 2 years (UN). Expansion of shipper's obligation and liability in terms of information available for hazardous cargo (UN). It supports widely the use of electronic commerce (UN). Containerization plays an important role in Rotterdam Rules and in-depth rules with details are provided (UN). Carrier's employees, agents, and independent contracts are allowed to have the same rights and obligations as enjoyed by the carrier as long as they are deemed to be "Maritime performing parties" (UN). We will now discuss the impact of this new convention with respect to the carriers, the performing parties, and the insurer. Impact on Carrier

Read the case and answer the questions ( but focus more in the first Assignment

Read the case and answer the questions ( but focus more in the first question) - Assignment Example The difference in treatment of financial institutions during and in the aftermath of the 2008 crisis was but well order; for with large risks is the chance to succeed and/or fail, all of which the very institution must bear the most burden. 2. Many experts argue that when the government bails out a private financial institution it creates a problem called â€Å"moral hazard,† meaning that if the institution knows it will be saved, it actually has an incentive to take on more risk, not less. What do you think? No one individual among those in search of growth wishes to fail, and so are the institutions with humans at the helm. Equally true is the very fact that entities only reap rewards commensurate to the seeds sowed; anything else only happens in the charity world. With risk, however, comes responsibility; a case where an institution has â€Å"masked† bad assets and excessive liabilities outside the proximity of determinable levels is but incurable, and a lesson of some sort must be read across the system. It is public knowledge that by the time Lehman Brothers filed for bankruptcy with Federal Reserve, the financial crisis was well underway, and that bailing out the institution wasn’t a priority; the entire system was. To hit right at the tip, getting the right buttons at that particular moment was but hard to call, and that no one knew for sure that lending the Lehman Brothers a hand was that very right button on behalf of the entire system. If indeed its consequential failure had the weight alluded by a section of scholars in quashing off the crisis, then, it was a mistake on behalf of the government. The foregoing notwithstanding, the downward spiral with exorbitant losses on its books of account wasn’t anything to overlook. Both ways, the decision taken was a double-edged sword with no specified guarantees

To Kill a Mockingbird Essay Example for Free

To Kill a Mockingbird Essay â€Å"It takes one step at a time. Small changes eventually add up to huge results.† Life lessons are important in the way life is understood. Without life lessons to teach the importance of life there would be much suffering and unhappiness. To Kill a Mockingbird is a classic novel written by Harper Lee. It was written in the early 1960’s about a young girl named Scout and her family about the racism that was provoked in the town. Harper Lee, in her novel To Kill a Mockingbird, illustrates three main lessons with the Tom Robinson trial: Stand up for what you believe in, racism is painful and avoid mob mentalities. One of the most important lessons in To Kill a Mockingbird is to stand up for your beliefs. The character Atticus is a promonate example Harper Lee used to express the importance of standing up for your beliefs. â€Å"Atticus had used every tool available to free men to save Tom Robinson, but in the secret courts of men’s hearts Atticus had no case. Tom was a dead man the minute Mayella Ewell opened her moth and screamed.† (Lee 323). Atticus throughout the novel displays the courageous and daring act of standing up for his beliefs. Atticus presented a strong defence for the coloured man, even though he knew that there was nothing he could really do. Atticus was appointed to defend Tom Robinson in his case. Atticus took the case seriously and took it upon himself to take all evidence into close examination. â€Å"This case, Tom Robinson’s case, is something that goes to the essence of a man’s conscience-Scout, I couldn’t go to church and worship god if I didn’t try to help that man.† ( ). Atticus strongly defends Tom Robinson for his own personal beliefs and took this case ‘white vs. Black’ seriously and he has taken all odds against society to justify this man. Standing up for what you believe in is a strong way to under mind authorities and prove a strongly arguable point. Atticus did not end up winning the case, but he still stood up for what he believed was right and held on to those beliefs until the end. Roberts 2 Racism causes pain to so many coloured people in the 1930’s, still to this day racism affects the lives of many. The Tom Robinson case is a prime example of how racism can negatively affect the lives of many. Maycomb the town in To Kill a Mockingbird is very racial. The town folk locked Tom Robinson up for a crime he simply did not do. The men in Maycomb did not care if this man did it or not, they just wanted him to be imprisoned because of the colour of his skin. â€Å"To Maycomb, Tom’s death was typical. Typical of a niger to cut and run. Typical if a niggers mentality to have no plan, no thought for the future, just run blind first chance he saw. Atticus Finch might’ve got him off scot free, but wait-Hell no. You know how they are. Easy come, easy go. Just shows you, that Robinson boy was legally married, they say he kept himself clean, went to church and all that, but when it comes down to the line the veneers mighty thin. Nigger always comes out in ‘em.’’ ( ). Tom died because he was convicted of a crime committed by a white man. Tom was sent to jail, and first chance at free dome so he ran, ending himself with 17 bullet shots in him. Anger when associated with racism can drive a man insane. Bob Ewell let both of them get to him. â€Å"Mr. Finch-wasn’t crazy, mean as hell. Low-down skunk with enough liquor in him to make him brave enough to kill children. He’d never have met you face to face.† ( ). All just because Atticus was appointed to defend Tom Robinson in his case, Bob Ewell got angry. Bob Ewell was furious with modem to kill because in the trail, Atticus’ defence for Tom Robison was rather embarrassing for Bob Ewell. Atticus made an embarrassment of Bob Ewell by presenting the jury and the courtroom to the evidence that clearly indicates that Bob Ewell was the one who abused Mayella. Bob Ewell being mad he had enough modem to go after Atticus’ children just because he did his job and defended a black man. Racism is still painful to many today. Harper Lee expresses the real pain behind racism in To Kill a Mockingbird. The white men of Maycomb posses mob mentalities which Harper Lee presents as despicable. All of Maycomb County think that black people are so different, but in reality no one is here to tell everyone who can be better or not. â€Å"A quiet, respectable, humble Negro who had the unmitigated temerity to ‘feel sorry’ for a white woman has to put his word against two white people’s. Need not remind you of their appearance and conduct on the stand-you saw them for yourselves. The witnesses for the state, with the exception of the Sheriff of Maycomb County, have presented themselves to you gentlemen, to this court, in the cynical confidence that their testimony would not be doubted, confident that you gentlemen would go along with them on the assumption-the evil assumption-that all Negros lie, that all Negros are basically immortal beings, that all negro man are not to be trusted around women, an assumption one associates with minds of their caliber.† (273). Maycomb judges coloured people on the colour of their skin and not what really matters. Tom Robinson was brutally exposed to racism and never got the chance to live it down. Atticus is very well to avoid mob mentalities. Atticus makes a point of making what he wants to be heard, heard. Atticus is very courageous in Roberts 4 the way that he will stand up for and defend his beliefs and not follow in the same corrupt path that others are on. â€Å"I shall be brief, but I would like to use my remaining time with you to remind you that this case is not a difficult one, it requires no minute sifting of complicated facts, but it does require you to be sure beyond all reasonable doubt as to the guilt of the defendant, To begin with, this case should never have come to trial. This case is as simple as black and white.† (271) Atticus actually took the time to consider all the evidence in the Tom Robinson case. Atticus presented his evidence before the jury and he strongly believed that it was not Tom Robinson. Atticus did not follow in the ways of others with no just assuming that because he is black he did it. Atticus took into all the consideration the evidence he had pulled together to treat Tom as an equal and give him a fair defence against a white man. Mob mentalities are everywhere. People believe in anything they hear and go along with it, but it takes one person to stand up and represent those who cannot. Standing up for what you believe in, racism is painful and avoiding mob mentalities are really important life lessons that Harper Lee expresses throughout the novel, epically in the Tom Robinson trial. Harper Lee incorporated life lessons into her novel to teach the reader the importance in knowing right from wrong and to teach you things you may not learn in schooling. History is full of examples of people that kept making the same mistakes because they fail to learn the first time. Life lessons are everywhere, you learn something new every day that builds your character and defines who you are as a person.

Green Technology: Impact and Uses

Green Technology: Impact and Uses As human lives are advancing constantly, the basic needs of human being are increasing tremendously as well. The human intrusion needs have altered the natural environment and arouses problems such as pollution, climate change and global warming. In order to get rid of these problems, Green Technology is introduces to recover the Earth back to a healthy state. Green Technology is a new technology that introduced to protect the Earth against environmental pollution. (Renewable Solar Energy, n.d.) It plays an important role in conserving the natural resources and environment. (Whitney, n.d.) Green technology is known environmental technology or clean technology as well. It produced energy to non-toxic cleaning products by using different methods and materials. (Green Technology, n.d.) Green Technology is introduced to reach five goals which are sustainability by satisfying the societys needs without damaging or depleting the availability of the resources for the future generations, cra dle to cradle design by designing products that are reusable, source reduction by changing the amount of raw materials consumption and ways of production to reduce the waste products, innovation by developing new and alternative technologies and viability by creating economic activity such as new career that associated with technologies and products. (Green Technology, n.d.) Currently, green technology is developing in 5 majors areas which are energy, green building, environmentally preferred purchasing, green chemistry and green nanotechnology. (Green Technology, n.d.) Green Technology has a great impact on the international market. According to the BBC research, the international market of green technologies will grow about 9.2 per cent which is from $200 billion in 2010 up to $311.7 billion by the year of 2015. (Companies Sand Market, 2011) Besides that, the global market for installation and retrofitting of combined heat and power was $55 billion in the year 2009. In 2010, it has grown about 9.1 per cent which is equivalent to $60 billion. Therefore, the BBC estimated that the compound annual growth rate (CAGR) will be maintained around 8.4 per cent until 2015 with a total amount of $90 billion. (Companies Sand Market, 2011) Moreover, the BBC research also predicts that the compound annual growth rate (CAGR) of the global market for waste-to-energy installation and retrofitting will be around 6 per cent from the year 2010 to 2015. This means, it will grow from $22.3 billion in 2010 to $30 billion in 2015. (Companies Sand Market, 2011) On the other hand, the Senior Adviser of Environmental Technology and Service (ITC), Nikolai Semine stated that, from the year 1988 to 2008, green technologies have provided a global market the roughly worth about $650 billion. (Semine, 2010) It was the same amount as the aerospace and pharmaceutical revenues of the leader countries such as United States, the European Union and Japan. Moreover, the European Forum on Eco-Innovation predicts that the global market will increase another $1,650 billion by 2020. (Semine, 2010) According to Nikolai Semine, the developments of South-South trade in green technology has brought up the opportunities on the exportation of green technology and increase its revenues, sustainable development and creates green jobs. (Semine, 2010) There are several countries that are successful in the exportation of green technology, such Malaysia, China, India, Pakistan, Philippines and Thailand. Lets take Thailand as an example. In 2007, Thailand has exported pol lution control, water treatment and renewable technologies that generated revenues about US$ 2.3 billion. (Semine, 2010) Green technology also contributes in the expanding of environmental businesses. For examples, the United Kingdoms Joint Environmental Markets Units predicts that the environmental business will expand about 10 per cent which is equivalent to US$ 178 billion. (Semine, 2010) On the other hand, green technology also brings benefits to the environment. It helps to protect the sustainability of natural resources and the environment by removing the threat to the environment. Lets look at one example of the green technology. There are at least 600 million of cars around the world. In addition, the huge amount of cars burn about 120 billion gallons of gas annually and 19 pounds of carbon dioxide is released to the atmosphere by each gallon of gas. (Taheshea, n.d.) According to the United States Transportation Specialists, vehicles that are not energy sufficient have contributed about 45 per cent of the carbon emissions of the world. (Taheshea, n.d.) To overcome these problems, several automobile manufacturers such as Toyota, Honda and Peugeot started to execute green technology by manufacturing hybrid vehicles. Compare to traditional gasoline vehicles, hybrid vehicles emit 97 per cent lesser of carbon, save 169 gallons of gasoline each year and its car batteri es can last about ten years. (Taheshea, n.d.) The lesser amount of carbon dioxide emission can help to prevent acid rain, global warming. Carbon dioxide reacts with rain water to form carbonic acid which causes acid rain to occur. Highly acidity rain can affect the sea life by lowering the pH value of sea water, forest on the world due to the highly acidic soil that is not suitable for the plant to grow and human health by drinking contaminated water. (Oracle, n.d.) By reducing the amount of carbon dioxide emitted to the atmosphere, less carbon dioxide can react with rain water and reduce the acidity of rain water. Thus, it can protect the welfare of the environment as well as human being. Since carbon dioxide is the major type of greenhouse gasses that trapped heat energy within the Earth and cause global warming to occur, according to Global Commons Institutes, if the total carbon dioxide emission decrease about 2.5 per cent per year, it can definitely slow down the process of global warming by 10 years. (Cooper, n.d.) Thus, t he issues such as biodiversity of plants and animals and extinctions of endanger species that cause by global warming can be prevented. (Britannica, n.d.) Hybrid car can save about 169 gallons of gasoline per year. Non-renewable sources of energy such as gasoline and petroleum can be prevented from over exploitation by using hybrid car as an alternative vehicle. (Cars Direct, n.d.) Besides that, hybrid vehicles use lesser amount of gasoline. It emits less gas fumes and carbon dioxide to the atmosphere. (Car Direct, n.d.) Therefore, the air in the atmosphere can be cleaner and contain more breathable oxygen. With a cleaner and breathable air, it can prevent human being from respiratory diseases such as asthma and reducing the death rate due to respiratory diseases. Lastly, hybrid car helps in reducing the noise pollutions in the environment as well. This is because the engine of hybrid cars only churning the amount of horsepower required and without any extra roaring. When it is changed to electric power mode, the cars operate silently compare to traditional gasoline consumption car. (Buzzle, n.d.)Therefore, green technology brings seve ral benefits to the environment such as preventing acid rain and global warming, protecting the plants, animals as well as human being, providing cleaner and breathable air and reducing noise pollution.

The Euro Essay examples -- essays papers

The Euro To most people in the United States hearing the word Euro brings about blank stares. Ask this same question in England or another European country and it means bringing Europe together under one common currency. The Euro can be defined as the common monetary system by which the participating members of the European Community will trade. Eleven countries Germany, France, Spain, Portugal, Ireland, Austria, the Netherlands, Belgium, Luxembourg, Finland and Italy will comprise the European Economic Monetary Union that will set a side their national currency and adopt the Euro in 2002. A new National bank, based in Frankfurt Germany, will be constructed and the interest rates that control the economies of these nations will be in the hands of this new system. It is indeed a great experiment, being masterminded in Frankfurt, one that will be felt through out Europe as well as the rest of the world.1 The combined countries, now more commonly referred to as Euroland, will fall under one national bank. This bank, the European Central Bank, will determine the economic fate of the entire â€Å"Union†. The merging of eleven currencies is a daunting and somewhat lethal task. The ECB is comprised of seventeen members, each having one vote within the governing council. What has most Europeans concerned is the ECB’s secrecy of conducting business. There is no voting record nor will there be published minutes of the meeting that take place. Wim Duisenberg president of the ECB and a native Dutchman stated that he wanted the ECB to be one of the most open banks in the world.1 When BBC reporter Steve Levinson confronted him about this in Frankfurt Germany Wim replied I reconcile these two positions by not defining openness as publishing everything that will be available, but by defining openness as explaining every decision, every consideration. Also the pros and cons and to be very open about that and to be frequent and immediate in that openness. (Livinston, Euroland 3) Why does the ECB operation so much secrecy? Is does not want economic policy moved by political influence. In January of this year the Bank of Ireland became a regional branch of the ECB. Morris O’Connell, its governor, supports the ECB’s tight lips stating I don’t think it’s appropriate that you should be announcing how each person may have voted. I think you’re creating other p... ...ause they cannot gauge the governing council’s true thinking. The fourth concern of the implementation of a solitary currency in Europe is that of who is in control?4 Officially the ECB is independent and answers to no political nation. But can one council possibly have the ability to control and balance eleven different economies at the same time? Some say no, but if it can even succeed only a little bit what is good for one economy may not be good for another. This leads into the final concern: Does one economy fit all? When the economy is in the basement the first thing that politicians ask for is a cut in interest rates. In the beginning this may give the desired results but in the long run may entirely destroy an economy. It becomes macroeconomics versus microeconomics.4 What is good for the economy as a whole may not be good for every sector and region. What one can conclude by the scheme of things that the Euro is going to happen. What the out come will be and what effects it will have towards the economic world can only be speculated. The entire world will be watching as the largest economic experiment of our time unfolds before in front of us half way around the world.

Attention Leads to Confidence in the Chrysanthemums Essay -- John Stein

Women, always have and always will love receiving attention; especially when that attention is from a male because girls just like feeling special above all else. In The Chrysanthemums by John Steinbeck, Elisa Allen likes this recognition as well. However, her husband Henry is selfish and too occupied to deal with Elisa and this makes her feel unimportant. Later on, when the man on the wagon arrives at the ranch Elisa and her chrysanthemums find the respect that every woman hopes to secure. Nonetheless, that respect given to Elisa was brief since the man discards her confidence and her chrysanthemums on the road. Therefore, it is clearly evident that the amount of notice bestowed to Elisa and her chrysanthemums alludes to her level of confidence. Throughout the story, Henry Allen’s selfishness and mixed priorities result in the neglect of Elisa which causes her to feel unappreciated and unloved. Elisa is not very comfortable around her husband Henry, this fact is illustrated when â€Å"he leaned over the wire fence that protected her flower garden from cattle and dogs and chickens† (Steinbeck 270). By keeping Henry outside of the garden, on the other side of the fence it is shown that Elisa does not trust him to get near her chrysanthemums. The chrysanthemums are very symbolic in the story as they symbolize Elisa Allen herself, and her only source of joy in the world. Henry is not welcomed into the garden for fear that her confidence, joy and beauty may be crushed. Henry opposes Elisa and the hard work the protagonist has put into her chrysanthemums. Henry tells her that â€Å"[he wishes she would] work out in the orchard and raise some apples [as big as her chrysanthemums]† (Steinbeck 270). In d oing so, Elisa’s efforts go un... ... cries because her dignity is gone, and it becomes a realization that she will never get the attention she seeks, the one that will give her the confidence she needs. It appears as though hope is non existent for Elisa Allen and that is why the protagonist is described as â€Å"crying like an old woman†. In conclusion, Elisa’s level of confidence is directly proportional with the amount of attention given to herself and her chrysanthemums. Henry’s selfishness causes Elisa to experience feelings of neglect. The bearded man’s interest in Elisa makes the protagonist feel very confident as a woman. Eventually, this same man makes Elisa realize that her expectations of men were too high as the man threw away her only source of joy in the world. When receiving unexpected extra attention, be prudent because it may be for other reasons than the one originally thought.

Business Essay

Convenience Internet marketing enables you to be open for business around the clock without worrying about store opening hours or overtime payments for staff. Offering your products on the Internet is also convenient for customers. They can browse your online store at any time and place orders when it is convenient for them. Reach By marketing on the Internet, you can overcome barriers of distance. You can sell goods in any part of the country without setting up local outlets, widening your target market. You can also build an export business without opening a network of distributors in different countries. However, if you want to sell internationally, you should use localization services to ensure that your products are suitable for local markets and comply with local business regulations. Localization services include translation and product modification to reflect local market differences. Cost Marketing products on the Internet costs less than marketing them through a physical retail outlet. You do not have the recurring costs of property rental and maintenance. You do not have to purchase stock for display in a store. You can order stock in line with demand, keeping your inventory costs low. Personalization Internet marketing enables you to personalize offers to customers by building a profile of their purchasing history and preferences. By tracking the web pages and product information that prospects visit, you can make targeted offers that reflect their interests. The information available from tracking website visits also provides data for planning cross-selling campaigns so that you can increase the value of sales by customer. Relationships The Internet provides an important platform for building relationships with customers and increasing customer retention levels. When a customer has purchased a product from your online store, you can begin the relationship by sending a follow-up email to confirm the transaction and thank the customer. Emailing customers regularly with special, personalized offers helps to maintain the relationship. You can also invite customers to submit product reviews on your website, helping to build a sense of community. Social Internet marketing enables you to take advantage of the growing importance of social media. An article on the Harvard Business School Executive Education website highlighted the link between social networking and online revenue growth. According to the article, a group of consumers that responded most strongly to the influence of social networks generated increased sales of around 5 percent. You can take advantage of this type of influence by incorporating social networking tools in your Internet marketing campaigns.