2023 Sep assignments

SEP 2023 Unique Assignments contact

[email protected]

+91- 9503094040

Custom Shipping and Insurance

1. You have started your own import export business with good financial background. You also have a good team of friends as partners who have good experience in shipping, freight forwarding and customs clearance. Your company has been invited to fill one tender for one project export from Mumbai to Singapore which is nearly a ship load of goods. Please discuss with your team and suggest a suitable charter for this job. (10 Marks)

2. You have joined as a Head of Insurance section of one Construction Company. This company carries out turn key projects all over the world. Your company got a contract to erect a tower in Kolkata and all goods and manpower have to be sent from Mumbai. You also have to hire some expensive machines from third parties to complete this project. Please suggest a suitable insurance policy to your company to carry out this project. (10 Marks)

3. An importer imported 50 Laptops from U S on FOB basis. During the examination of consignment the customs broker found that the boxes were in damaged condition and 5 laptops are missing. The importer is your friend and is asking:

a. Whether he has to pay duty for the missing 5 laptops (5 Marks)

b. How will he get the insurance claim for these missing 5 laptops (5 Marks)

SEP 2023 Unique Assignments contact

[email protected]

+91- 9503094040