...1a) What is the purpose of an exclusion clause in an agreement? An exclusion clause is basically a section in the contract that limits or excludes or appears to limit or exclude any form of liability for breach of contract. Many contracting parties will use this technique to avoid liability for breach of contract. An exclusion clause may go as far as to completely exclude any liability or may just limit the amount or form of liability to certain amount. Exclusion clauses most commonly appear in standard form contracts. In contracts were the terms are already set, and they form a kind of 'take it or leave it' contract, where there is no negotiation of the terms. Whereas in the contract above is to put Petaling Jaya Forwarding Sdn. Bhd. Fully and solely liable should any damage or loss happen to the vessel “Hang Tuah” thus making it not seaworthy. If the said condition happen during transportation or during handling by Petaling Jaya Forwarding Sdn. Bhd., The owners “ West Port Shipyard Sdn Bhd” will be claiming for it from Petaling Jaya Forwarding. 1b) Is it necessary that an exclusion clause must be one of the terms of an agreement In these events, an exclusions clause is a must. The exclusion clause is used to protect the owner of the vessel should any loss or damage to the vessel occurred during handling by Petaling Forwarding. Petaling Forwarding will have to pay or bear the cost for making good of the vessel. The existence of...
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...1.0 ACKNOWLEDGEMENT All praise goes to Allah the Lord of Universes. It has been real privilege to work under our lecturer, Encik Ismail Bin Ibrahim who has been a wise facilitator of our learning and development during the Risk Management (FIN 610) subject. Thanks to his warm and cool personality, thanks for his unfailing guidance, valuable suggestions, advice and useful criticism for setting us on the path to being an effective students and for always saying yes-even when he was busy and tired. As a matter of fact, if it had not been for his help and understanding, this report would not have been possible. Our debt to his leadership, guidance, and support can never be adequately expressed with words. Suffice to say that we are regarding his as our role model of whom we will always be appreciating. Instead of that, our deepest thankfulness and gratitude to Mr Lim Soon Huat, the Manager of Merison (M) Sdn Bhd, the independent distributor of Nestle (Malaysia), for the territory of Melaka. He has given a very good cooperation and gave all information that we need during the interview for the purpose of our research. Our thanks go to our families, thank you for all their prayers and for their emotional support which gave us strength and determination to continue our report. A special word of appreciation goes to Universiti Teknologi Mara Kampus Bandaraya Melaka, for allowing us to pursue our Bachelor in Accountancy (Hons), and for the facilities...
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...applications package that covered most function of an organization. There are some factors to look into the company especially on IT infrastructure, accounting system and acceptance the new system for ATLAM staff. Mr. Zulkifli Osman, as the Finance Manager since 1995, had to critically assess the risks associated with the decision of whether changing to SAP system suggested by PETRA Group or ACCPAC System suggested by Mr. Lim (User Representative). The issues and solution The major problem faced by ATLAM was not the cost of implementing the SAP system but the resistance to change of ATLAM's staff because not ready to embrace the new system. There are some argumentation between Mr.Zulkifli and members of the new system upgrade especially Mr.Lim. Mr Zulkfili believed that implementing SAP would involved risks and challenges in the management of ATLAM. It is because ATLAM was previously a government agency, and these individuals...
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...Events Management *************** Introduction Event management is a continuous process that revolves around the utilization of project management practices, in the creation and programming of events such as conferences, seminars, festivals and business exhibitions. It involves the planning, monitoring and controlling of activities and resources that would be used, as an event evolves from a preliminary concept into an active and operational implementation. The process of event management involves studying the purpose of the event, identifying the prospective target audience, inventing a suitable event concept, planning and coordinating the logistics and finally executing the proposed event. It is important to note that event management continues even after the execution of the actual event. Post-event analysis is necessary to gauge the ultimate success or failure of an event. This essay first distinguishes between various requirements for the design and staging of events and the response to these from the business, leisure and tourism companies. And critically analyze the interconnectedness of international event tourism with its economic, technological, socio-culture and political contexts. And then demonstrate close industry consultation and partnership and draw on numerous practical projects and case studies from a range of national and international organizations (private, public and third sectors) in order to produce critical appraisals...
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