Rotterdam Rules Essay Example | Topics and Well Written Essays - 3500 words

Rotterdam Rules - Essay Example After coming into effect these changes are bound to reflect on different stakeholders in the maritime business. With an increase in business activities, all around the globe, the sea route has become very busy and active, thus generating more demand for regulations and expertise in Maritime law. Container and shipping industry is capital intensive business and requires huge amount of investment to start the business. Safety and environmental concerns obviously result in high levels of regulations for the industry. It took well over seven years for the U.N. Commission on International Trade Law (UNCITRAL) and its Working Group III on Transport Law, to deliberate on the nuances of the new legislation for the shipping industry. Subsequently the Comit Maritime International (CMI) took another four years of preparatory work to pave the way for the United Nations to adopt the 'Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea' in December 2008 meeting (Sturley, 2009). The Rotterdam convention is bound to have an impact on different stakeholders in the maritime business in varying measures, depending upon a number of factors. The Cargo owners are certainly an important part in this business. With projections of the global marine industry to be worth $924.5 billion by the year 2013, registering an increase of 23.4 percent since 2008, the Rotterdam rules are bound to play a crucial role in the marine industry (Datamonitor, 2009). Futuristic projections say that the global marine industry is bound to witness a volume of about 21.7 in the year 2013, which makes the role of cargo owners all the more crucial. In fact Rotterdam rules are seen the first serious attempt to replace the age old maritime rules with a new set of modernistic guidelines to make the maritime business more attractive and less speculative. With trade volumes increasing as we move along in the 21st century, the global marine trade has been growing at a rapid pace. Research reports indicate that the rate of growth between 2004 and 2006 had been quite attractive, but subsequent years saw decline owing to the prevalence of all round recessionary trends. Though the recession is far from over yet, but the industry is witnessing higher volume of trade in the recent months. Rotterdam has got the honours of hosting the UN Convention because of its being one of largest ports around the world. In fact, the traditional competition for the best and largest has been between Rotterdam and Singapore. But, the phenomenal rise of China in global trade has made Shanghai as a tough competitor for being the number one port in terms of cargo handling. More movement of goods and services due to the trend amongst the MNCs to manufacture products in countries like China and then transport it back to the western world or Europe, implies greater opportunity for the shipping industry. As per the United Nation estimates, the shipping industry was able to move 8 billion tons of cargo in 2007. This amounts to about 80 percent of the volume of world trade. Oil comprised of the main cargo shipment followed closely by iron ore and coal (UN, 2009). The cargo owners have therefore a big role in carrying forward the globalisation and liberalisation regime. Rotterdam rules have brou ght about a series of changes in the existing framework while making provisions for emerging situations in the increased transportation of the goods around the world.

Where The Five Functional Areas Of Network Management (FCAPS) Are Not Essay

Where The Five Functional Areas Of Network Management (FCAPS) Are Not Adhered To - Essay Example They also have committed to provide business to the tune of 100 seats in the next two year. The organisation also wants to setup offices across many cities out of US. Presently the system of the company x is not good enough to cater the needs of the customers and the company x is also facing some problems because it has not implemented the OSI application functions namely, fault, configuration Accounting performance and security management. Due to this the present system of networking management is facing the following problems: First the fault management in the company x is not working properly i.e. not providing clear and correct report about the incident/fault which has occurred and therefore the problem arises about identifying the fault and its source. In this way the system cannot priorities the fault, which has occurred and cannot be able to restore services on time and properly. Some Hardware faults to be handled instantaneously through replacement to restore services cannot be attended immediately. Due to fault in network, a user is immediately affected and the better services could not be provided to the users. The most common and serious problems of networks are connectivity failure, which are in the category of fault management. The network failure is caused more often by a node failure than by failure of passive links. When this happens all downstream systems from the interface are inaccessible. Such failures are associated with the network interface card, which needs replacement. The nod failures manifest as connectivity failures to the user. Another cause of network connectivity failure is procedural but very common. Network connectivity is based on IP address, which is a logical address assigned by the network administrator. The IP address in uniquely associated with a physical MAC address of network component. However mistakes are made in assigning duplicate IP addresses, especially in an enterprise environment with many system administrators. A host or system interface problem is a shared medium can bring the entire segment down. It becomes nightmare for the network manager to isola te problem without causing interruption is services. The intermittent problem could also occur as a result traffic overload, which would cause packets to be lost. Sometimes the management system indicates failure, when in actuality data traffic is flowing normally. Power hits could reset network component configuration, causing network failure. The network has a permanent configuration (default) and a dynamic configuration (runtime) and thus a performance problem could manifest as a network delay. The company is using LAN networking system, which is not sufficient for the organization. Because of connection through wires / cables and switches, it is not useful. So without proper network connecting Architecture, Company is facing lots of problems. Due to circuit - switch connection security of data and information has always been at stake. Security conscious clients always looking for more security proof network. Security plays a crucial role in deciding network architectures. Due to multiple servers at single location cannot fulfill the requirement of the organisation. Organisation had a network having lesser bandwidth and this creates lots of problem. The network used at a time by number of concurrent users for various applications and which takes longer response time and at times posting websites will be more than that of an organisation processing manufacturing orders. (Also the cost of the LAN system where