Mistake of the law; When a party enters into a contract, without the Knowledge of the law in the country, the contract is affected by a mistake making it unenforceable on the grounds of ignorance. Note also that the ignorance of the law is not an excuse. CASE Lydia a foreigner entered into contract with Amina in Ghana with the view that, Amina should supply heroine on a contract basis for a token of GHC 5,637,600 for every supply made. Unknowingly to Lydia that it is illegal to trade heroine in Ghana. Hence
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INTRODUCTION Flat Cargo Berhad (FCB) was one of the largest air freight companies in Malaysia, FCB was a listed company operating primarily as an air carrier. Its core business was to provide air freight transportation, which included aircraft charter and leasing. Kencana & Associates served as its auditors. In 2006, during a routine financial audit, the auditors identified several suspicious findings that resulted in a delay in finalizing the auditor’s report. These are the issues found from
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UPS and FedEx Air Hubs: Comparing Louisville and Memphis Cargo Hub Operations by Alex Cosmas and Bastien Martini The economies of scale afforded to passenger airlines by the use of a hub-and-spoke model are also enjoyed, sometimes to an even greater extent, by cargo carriers. The world’s two largest integrated carriers, UPS and FedEx, run their central air hubs in Louisville (SDF) and Memphis (MEM), respectively. We present a case study of the air hub operations at SDF and MEM. The land-side
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ICS PRESENTATION CASE 2 Issue 3 : Auditor’s issue. The independence of auditor’s in Flat Cargo Berhad(FCB) is much questionable. This is mainly due to the fact that the appointed company auditor has been previously hit by another case of fraud in the other entity concern. This could be a very worring circumstances that the company has to face as there is high posibility of the auditor to commit fraud the second time in FCB. The lack of independence in the auditor could lead to inappropriate
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Kanan A. Jafarov Jlt, Cluster E, Global Lake View Tower, Flat No. 1307, Dubai 340581, UAE Mobile: | +97 1506 565 039 | Email: | kenan.jafarov@gmail.com | Professional Profile A dedicated and experienced business development professional with over 10 years’ management expertise within the Oil, Supply, Trade and Logistics industries. An enthusiastic and highly self-motivated individual who remains flexible to the changing demands of business environments, is able to develop and implement new
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which is the physical laws: x amount of fuel will power an EDS with a mass of x safely to its destination; and where x amount of fuel will not power an EDS with a mass of x +y safely to its destination (Godwin, T., 1954). X represents the mass of the cargo (serum)
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8.5 - Term Paper Assignment Submission Historic Air Disasters Richard DeWayne Gwinn Embry-Riddle Aeronautical University Abstract My paper will cover some of the most horrific air disasters in aviation history. I will be using information from the National Transportation Safety Board (NTSB), Federal Aviation Administration (FAA) and news media to draw my conclusion of the events. I will then explain how these air disasters changed aviation, what rules were put in place, what changes to aircraft
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possible. Like any other organization, supply chain also plays a very important role in the airline industry. Currently in the airline industry, various links in the supply chain are in tension leading to minimized profits, heavy losses and in some cases even shutting down of airlines. Various issues like maintenance and repair of aircrafts, on time performance of airlines, having adequate spare parts at the right time, sales of ticket to customers, vigorous airline cost-cutting, etc are putting the
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Sarah Allmond, Kamal Assaf, Doug Bice, and Renee Burkart Dr. Mike Marzano Logistics Management February 21, 2013 Infrastructure in India India’s port, road, and rail networks need massive capital investment. The ports in India are operating beyond their intended capacity in spite of the construction of a number of new sites. Moreover, there are bottlenecks when clearing goods from customs: the time required to clear goods in India is twice that of South Korea and Thailand and three times that
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Ocean Carrier Case Study Summary In order to accept the recently submitted leasing contract proposal, Ocean Carriers would have to purchase a new ship. The purchasing of a new ship is a considerable investment. We have analyzed whether or not Ocean Carriers should make this investment using Free Cash Flow and Net Present Value (NPV) analysis. Given the details of the contract, the forecasted daily time charter rates, and the costs data; we have concluded that Ocean Carriers should not accept
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