Marine Insurance Essay Example | Topics and Well Written Essays - 1500 words - 1

Marine Insurance - Essay Example The varied factors of floating policy along with marine open cover policy have been discussed with its conditions and aspects along with their roles in marine insurance. The discussion has provided an understanding that the marine insurance policy can be an extremely valuable component for the manufacturing organization in order to mitigate the risks of damage and loss during transaction of materials through the seas. Marine insurance is considered as a contract of insurance policies that cover up the losses or the damages for a person or a business entity that occurred during the transportation of the cargos or ships through the seas. Moreover, the marine insurance is a contract wherewith the insurer takes on to underwrite the assured with regard to various types of marine losses during acquired or transferred cargos or goods. The Marine Insurance Act 1906 (MIA), conveys certain consistency and uniformity that assures to be accomplished with the appropriate underwriting policies of the losses during the transportation of cargos or ships (Sitigorn n.d.). The â€Å"Floating Policy† is one of the major components that had been formulated under the MIA section 21. The floating policy possesses effective assurance of the goods and insured risks during the deliverance of the transported goods or cargos. The floating policy has been initiated comparatively at a large amount by the regular goods of the suppliers. The policy covers several shipments that are stated subsequently with other details. The floating policy is highly favorable for the exporters to avoid problems of issuing out another policy during every shipment (Insurance 2Day 2012). The floating policy within the MIA 1906 Act 29 depicts the insurance facilities in general terms. The policy makes use of the ship(s) name along with other particulars classified through succeeding statement in order to transport the cargos through the seas. The declaration may be formulated with

SOCIOLOGICAL Essay Example | Topics and Well Written Essays - 5250 words

SOCIOLOGICAL - Essay Example These social topics are studied through complex theoretical and methodological frameworks that address the broad range of concepts like positivism and anti-positivism, social structure, individual agency, materialism, globalization, modernity, post-modernity etc. The social theories aid back to the ancient Greek civilizations. Social theorizing aided the Greeks in making sense of their lives, and in questioning the value and meaning of things around them. However, in the 20th century, social theories appeared as a distinct discipline and involved critical thinking in order to gain knowledge of social behaviours through posterior methods of discovery rather than apriority methods of tradition. In order to explain social phenomena, sociologists developed several theories. Sociological theories range from grand theories to middle range and highly specific micro range theories. It is extremely difficult to cover the aspects of these broad range theories, therefore in the later sections of this report; I will broadly give an outline of the dominant sociological theories and critically discuss two sociological theories in detail. i. Functionalism: functionalism is the oldest and the most dominant approach which has served as a building block in the development of sociology as a distinct decipline. Functionalist movement was most popular from 1940’s-1950 but reached its decline in 1960’s. Overall, this theory talks about two main aspects: Scientific methods should be applied to understand the â€Å"objectivity† of the social world. It says that social sciences can be learned in the same manner as natural sciences. Functionalists view this world as â€Å"objective real†. Therefore, they emphasized that scientific methods and statistical techniques can be applied to research social phenomena. However, the research should be value-free. It should not be affected by the values, principles and perceptions of the

Incorporating the Cost of Capital Research Proposal

Incorporating the Cost of Capital - Research Proposal Example On the other hand, A negative net present value is a bad management decision. Thus, management must not push through with the planned investment. The Net present value is arrived at by the following: The managers will invest in a capital asset only if the net cash inflows are more than cost of capital. The difference between the two is the net cash inflow. The entire articles gives evidences that this very popular formula is more than just a formula. The entire journal is devoted to giving importance to the factors of sales, variable expenses and costs, as well as fixed expenses an costs. Clearly, the objective of the paper is persuade managers of the importance of cost of capital in decision making activities. The objectives are correctly stated. The objective truly draws the reader to the reasons of managers in using the various components in the cost volume profit analysis. For, the article clearly explains how the sales, variable expenses and costs as well as fixed expenses contributed to the increase and decrease of net income. The article clearly shows that cost of capital is a very important tool in determining if it would be economically profitable to infuse more money into a high monetary value assets (Schneider,1). Obviously, the objectives are correctly stated. One of the key issues considered in the article shows that cost of capital is arrived at by by including the interest expense spend fo... the net present value in determining if it is profitable to invest large sums of money in a new equipment or other similar large funded investments. The articles states that Cost Volume Profit Analysis incorporates the cost of capital. Evidently, one of the key issues considered in the article shows that cost of capital is arrived at by by including the interest expense spend for borrowing money. Further, this same article also explains that there is a strong relationship between cost of capital and factors like net revenues, variable expenses and fixed expenses. In addition, the articles tells that managers would make better decisions if the cost of capital is included in the cost volume profit analysis. The article also tells that the manager's process improvement decisions must also include financial data under product mix and pricing. This formula is the mathematical representation of the economics of producing a product. The article shows that the investment is not good if the cost of capital is more than the net cash inflow from operating the investment. On the other hand, an investment in high value items is an excellent management decision if the net cash inflow exceeds the cost of the capital. The article also discusses that increases in variable costs will decrease profits. On the other hand, increases in net revenues increases profits. Further mathematical computat ions show that net profit is the difference between the net revenues and total expenses and costs. Truly, this same article also explains that there is a strong relationship between cost of capital and factors like net revenues, variable expenses and fixed

American Flag Desecration Essay Example | Topics and Well Written Essays - 1500 words

American Flag Desecration - Essay Example George Washington said "We take the stars from Heaven, the red from our mother country, separating it by white stripes, thus showing we are separated from her, and the white stripes shall go down to posterity representing Liberty" ("History of the Flag," 2007). Other nations often take the red as the blood of those who risked their life for the nation's freedom, and white as purity for the ideal freedom they fought for. The Congress in 1977 was credited for speaking of the flag's symbols as "the star is a symbol for heaven and a divine goal to which man has aspired from time immemorial; and the stripe is symbolic of the rays light emanating from the sun"("The United States Flag," 2006.) This is how much Americans value their symbols of nationalities. However, through freedom of speech and expression towards presidential governance, some use the flag to extend their disagreement; such as burning, ripping or any indecent display that could attract the administration's attention to listen to their stipulations (Foppian, 2007). The massive public burning of flag during the Vietnam conflict on 1968 alarmed the Congress that was forced to come up with the first federal flag protection of general applicability. However, due to the Supreme Court's refusal to review the statute, it took a couple of decades that only the lower courts were the ones that upheld its constitutionality (Luckley, 2003) According to John Luckley's (2003) study of Flag Protection, up until now, the Congress finds difficulty in fully enforcing the federal law of flag desecration. To fully constitute the statute is to suppress the freedom of speech, but it may appear also as if the constitution is tolerating the desecration of the American flag (Luckley 2003:4). The 108th Congress Report of the House of Representatives (Library of Congress, 2007) cites that flag desecration is protected under the First Amendment as expressive conduct. The only stated law from the same source is that "The Congress shall have power to prohibit the physical desecration of the flag of the United States." The ineffectivity of this law is due to the conflict of freedom of speech which the Supreme Court favors more and is the inclined stance taken mainly by the State (Luckley, 2003). Federal Law of Flag Desecration about Burning The United States Flag Code outlines flag etiquette. The Federal law states that "when American flag has worn out due to regular use and no longer fit for display, it should be destroyed by burning in a dignified manner" ("Cracking the Flag-Burning," 2005). The specified term allows the burning of the flag in order to discharge the worn-out flag in respectful conduct. Its implication is that any manner and intent of the flag burning act aside from the mentioned tolerable act is punishable. As accounted for by the Library of Congress, House Joint Resolution 4 gives Congress authority to legislate the federal law even though not precisely recognized by the State (Luckley, 2003). The United States Veterans of Affairs stated that "there is no penalty for failure to comply with the Flag Code, and that it is not widely enforced." This insinuates that to emphasize or enforce the flag code of conduct would conflict with the First Amendment's right of freedom of sp

Editorial ON Afro-Caribbean Diaspora, how the Jompy can provide Essay

Editorial ON Afro-Caribbean Diaspora, how the Jompy can provide convenience and speed in the UK and Health and Wealth in Africa and the Caribbean - Essay Example To keep you outdoor rejuvenating exercise safe, you should never use the untreated wild water for drinking purpose. The Jompy portable heater is a great option to take out with you while camping or BBQing. It has been developed by Scottish inventor David Osborne. The Jompy has a frying pan shape comprising of lightweight metal tubing bent into flat coil with side by side joined ends. When the water source is attached on one end of tubing, the water flow through the coil and then exits from the remaining end of the tubing. The jumpy could be placed over fire or any type of burning fuel to generate maximum heat. The water will boil in the tubing and will become purified for drinking and other uses. It comes in three different sizes to suit different water needs of people. Jompy is not simply aimed to help the campers and people seeking outdoor fun but it has even wider applications because it could help people in the deprived area to make water pure and usable for drinking and cooking purpose. Jompy makes it possible for you to have safe outdoor adventure while helping your countryman living with contaminated water problems. When you take one jompy with you during your outdoor activity you got the chance to send another one to the people living anywhere in the Afro-Carrabin region. There is a great deal for the people who want to add ease and safety to their lives as well as to the lives of people living at their homeland. The Jompy portable heaters not only make the outdoor activities safe and convenient but it also allow people living in the Afro-Caribbean Diaspora to make their health qualities better by purifying the water using this innovative and useful product. It is found that over one billion of people of world have no access to clean water for drinking due to which they are suffering from various life

Reform movement Essay Example | Topics and Well Written Essays - 1000 words

Reform movement - Essay Example Selfish needs of certain people especially if they are in power often result in backlash and revolt. Such revolts arise mostly because of suppression and lack of freedom. There have been many revolutions throughout the world which has changed the world for better. Abolitionist movement is one such revolution which arose in 1800’s with a motive to achieve emancipation for all slaves and to end all kind of racial discrimination in Unites States of America. People who supported the movement or advocated immediate end to slavery were known as abolitionist. Abolitionist movement which had started centuries ago was not new to the American people as many African slaves used to kill either themselves or their captors in order to resist slavery. In nineteen century when the society became more liberal and aware, more and more white people condemned slavery as unchristian.1 The first white people to denounce slavery in Europe and European colonies were known as Quakers. Quakers believed in universal equality and demanded equal rights for black and white man. They played an important role in abolishing slavery in Europe and were also behind the abolitionist movement in United States.2 Slaves were chained and were transported in crowded diseases ridden ships. These slaves were subject to abuse from the ship crew. Many of the Africans died on their way to America. The working conditions of these slaves were inhuman and were made to do rigorous labor in dreadful conditions. Although the movement started in 1800’s the overall sentiment regarding the abolitionist movement remained muted until 1830 when American Anti Slavery Society was formed to raise voice against slavery and the overall anti slavery movement gathered pace. The movement was very controversial as many powerful businessman and politicians opposed ending slavery, as it meant huge economical losses to them. The movement which started in the year 1800‘s gathered momentum in

Race and Racism Essay Example for Free

Race and Racism Essay In comparison to the almighty universe in which people all live in, human beings are merely a speck of dust at the size of it all. Then here are these beings on planet earth, with all 7 billion people under the same moon, divided. No longer are human equals as beings, but separate because of the system of ignorance, exploitation, and power used to oppress people on the basis of ethnicity, culture, mannerisms, and culture (Marable 1). Racism is the issue Americans have swept under the rug; the problem is being ignored, leaving cultures in the dark of their own history causing blame to be shifted on to all sorts of hosts, and it’s time to pick up the rug to dust. Society as a whole seems to have broken down what makes a person unique, dehumanizing them and leaving them susceptible to oppression (Marable 2). One must not be so quick to forget that every single human being is made up of the same genetic material, to forget something so broad is to undermine the gift of thinking itself. Manning Marable writes in Racism and Sexism that stereotypes are at the heart of every form of racism today. Racism is not a topic that sits around at the front of everybody’s brain. Racism does not twist on the tip of your tongue begging to be talked about. Racism is something that is ignored and denied. Shocking statistics from Tim Wise’s On White Privilege were discussed, stating that in 1962, 80% of white folk believed that racism was not even a problem. In the same year, 90% of white folk believed that colored children had equal education opportunities as white children. To believe that racism was not even a problem would be to say that over the 750 race riots 228 people were not actually killed, 12,741 people were not critically injured, and that the 15,000 acts of arson did not leave black urban neighborhoods in ruins, in the same year of 1962 (Postrel). White people are completely unburdened by race; where as colored people constantly feel their capabilities are always being second guessed. However, Charles M. Blow, author of Escaping Slavery, explains to the reader that apparently white people think their actions are justified! And Blow goes as far as to say that â€Å"the idea that progress toward radical harmony would or should be steady and continuous is fraying† (Blow 1). In On White Privilege, the speaker Tim Wise pointed out that white people were asked in 2009 if they believed that racial discrimination is still a problem and only 6% said ‘yes. ’ To put that into perspective: more people would believe that Elvis is still alive than to believe that racial discrimination is still a problem (Wise). Perhaps the density of the universe compromised the carrying capacity of the human brain causing a malfunction making it so the only thing people can think about is them self. Definitely not progress (Blow 2). The white system of ignorance and exploitations is causing the cultures of color to completely lose track of their own histories (Marable). People who are oppressed themselves begin to lose touch with their own traditions of history, community, love, celebrations, struggle, and change (Marable). Tim Wise reminds viewers whose history we are truly learning in school- text books are filled only with white history; people of color are forced to regurgitate white history, white literature, white art, white theater, etc. , while if a white person does not know an ounce of black history, it can go virtually unnoticed in this country (Wise). Actions speak louder than words and people seem to continue to prove their ignorance. As part of the Civil Rights Movement and an effort to create a solution to unlawful discrimination in housing based on race, color, sex, nation origin, or religion, the Fair Housing Act was passed in 1968 (Russell). Fast forward 38 years later where 2006 showed the highest level of discriminating housing complaints based on race (Wise). 38 whole years later and the only thing society can show on terms of progress is the lack of acceptance being distributed around the country. There is not enough change taking place as a country in order to move forward into truly being the United States of America; home of the Brave but we still fear what we do not know. It is always easier to accuse other forces for a problem than to admit that you are actually making the mess yourself. It has been said that if one is not a part of the solution then one is a part of the problem; however, some people are purely unburdened by race, they don’t know racism because they have never had to experience it- people are completely surrounded by and completely oblivious of the problem. Failure to talk about racism feeds the denial (Wise). The finger can be pointed in any direction, and instead of calling it â€Å"blame† the word â€Å"cause† is used instead because that is more constructive, and let’s face it, we need as much progress as we can get. However, progress seems to be unbearably intangible when Blow points out that the pillars of the institution- the fundamental devaluation of dark skin and stained justifications are for the unconscionable- have proved surprisingly resilient (Blow). The ignorance and lack of education only feeds the pillars’ strength. Completely blinded by utter fear, America seems to be in a standstill of progress towards the issue on racism. Starting with Charles Blow’s work in Escaping Slavery, down to Manning Marable’s Racism and Sexism, and what Tim Wise said in On White Privilege, it can be assumed that progress will always need to be made to bring this country closer to unity. Breaking down racial barriers and stereotypes have proven to be an especially lengthy process, however that does not justify the slothfulness of it all. Open minds and hearts is what it is going to take to shatter the structure that leaves this country divided. Word Count: 1,100 Works Cited Blow, Charles. â€Å"Escaping Slavery. † New York Times 4 January 2013. Marable, Manning. â€Å"Racism and Sexism. † Race, Class, and Gender in the United States, 5th ed. Ed. Paul Rothenberg. New York: Worth Publishers, 2001. 124-129. Pring. Wise, Tim. On White Privilege: Racism, White Denial, and the Costs of Inequality. The Media Education Foundation, 2008. DVD. Postrel, Virginia. The Consequences of the 1960s Race Riots Come Into View. The New York Times. N. p. , 30 Dec. 2004. Web. 18 Feb. 2013.