Scenario

A. Company A produces and sells edible oil from Country A.

B. Company B trades edible oil. You are working for Company B in the operations department.

C. Company C imports edible oil into Country C.

D. Company D is domiciled in Country C and buys edible oil to refined into cooking oil.

E. Company E is a ship-owner with tonnages focused on edible oil trade.

Sequence of Events

– Company B bought 15,500 metric tons of edible oil from Company A on
FOB terms at $150 per metric ton and sold the parcel of edible oil to Company C on CFR terms at $200 per metric ton.

– Company B entered into a time-charter trip contract with Company E at
$12,000 per day pro rata for Vessel 1.

– Company C sold 10,500 metric tons to various Buyers in Country B and
3,500 metric tons to Buyers in Country C.

– Company C sold 1,500 metric tons to Company D. Company C requested
Company B to re-issue Bills of Lading with Company D as Consignee.
Company E re-issued the Bills of Lading against a Letter of Indemnity.

– Due to severe port congestion at Country B, Vessel 1 was delayed for one
month at Country B.

– Company D arrested Vessel 1 citing economic damages arising from
currency fluctuation losses due to Vessel 1 breaching its contractual

obligations to pursue the voyage with utmost dispatch. Vessel 1 was finally
released 10 days after the completion of discharge.

Buy Custom Answer of This Assessment & Raise Your Grades
Get A Free Quote

QUALITY: 100% ORIGINAL – NO PLAGIARISM

(USA, AUS, UK & CA PhD. Writers)

CLICK HERE TO GET A PROFESSIONAL WRITER TO WORK ON THIS PAPER AND OTHER SIMILAR PAPERS

The Best Custom Essay Writing Service

About Our Service

We are an online academic writing company that connects talented freelance writers with students in need of their services. Unlike other writing companies, our team is made up of native English speakers from countries such as the USA, UK, Canada, Australia, Ireland, and New Zealand.

Qualified Writers

Our Guarantees:

CLICK TO SUBMIT YOUR ORDER