1. (10%) Describe the matrix of key contracts used in the international maritime trade. Further explain the different types of charter parties commonly used and the three key applications of the Bills of Lading.
2. (10%) How would you best develop your relationship with your principals?
3. (10%) What are the key points to consider when accepting instructions from your Principal?
4. (10%) Select three different types of marine survey and briefly describe the particular skills a surveyor would require to carry out each of these survey types .
5. (10%) Chose and describe one example of the type of survey that you would like to carry out and describe your preparation for this work, including the equipment that you would take with you.
6. (10%) Outline the report to your principal on the survey carried out in Question 5.
7. (10%) Explain the origin and role of Classification Societies.
8. (10%) Describe briefly the development of Port State Control; explain the reasons behind its development, its coverage and its operation today.
9. (10%) In any business an accountant should produce three financial statements. Explain each one.
10. (10%) Explain the meaning of Working Capital. Why is cash flow so important especially for a small business such as a self-employed marine surveyor?
NOTE : You should aim for 1500 words to complete this assignment.