Business and International Law Essay Example | Topics and Well Written Essays - 1000 words

Business and International Law - Essay Example One of them is that a flag state must have an established maritime organization capable of enforcing all international and national regulations and secondly is that a flag state must be a member of International Maritime Organization (IMO) that adopt the IMO's maritime safety Resolutions and Conventions. Mr. and Mrs. Lowell boarded one of the Diversified Worldwide Industries Inc. DWI's Small cruise ships known as Minnow for a week long journey from Miami. The Minnow flied the flag of Liberia. They returned to their cabin one of the nights and found two ship employees removing cash and Mrs. Lowell jewellery from their luggage. This paper discusses my duty as the VP for Risk Management of Diversified Worldwide Industries Inc. It will discuss how I will develop knowledge and expertise in all areas of business law, consult with corporate and outside counsel on legal matters, advice the board as to available options to reduce or minimize the risk and liability of DWI in its ongoing activi ties Mr. and Mrs. Lowell boarded one of the Diversified Worldwide Industries Inc. DWI's Small cruise ships known as Minnow for a week long journey from Miami. The Minnow flied the flag of Liberia. They returned to their cabin one of the nights and found two ship employees removing cash and Mrs. Lowell jewellery from their luggage. Mr. This paper discusses my duty as the VP for Risk Management of Diversified Worldwide Industries Inc. It will discuss how I will develop knowledge and expertise in all areas of business law, consult with corporate and outside counsel on legal matters, advice the board as to available options to reduce or minimize the risk and liability of DWI in its ongoing activities Business and International Law Mr. and Mrs. Lowell boarded one of the Diversified Worldwide Industries Inc. DWI's Small cruise ships known as Minnow for a week long journey from Miami. The Minnow flied the flag of Liberia. They returned to their cabin one of the nights and found two ship employees removing cash and Mrs. Lowell jewellery from their luggage. Mr. Lowell struggled with the robbers until he collapsed and suffered a fatal heart attack in the process. Mrs. Lowell was later locked inside the cabin restroom as the robbers escaped. The ship docked in Grand Cayman a few hours later and the robbers escaped with the cash and the jewellery stolen from Lowell's'. Mrs. Lowell was rescued after the ship left Grand Cayman and she identified the two employees who robbed them in a photo line up. My duty as the VP for Risk Management I will develop knowledge and expertise in all areas of business law, consult with corporate and outside counsel on legal matters, advice the board as to available options to reduce or minimize the risk and liability of DWI in its ongoing activities Despite the fact that the DWI cruise had a "flag of convenience", it had to comply with SOLAS standards and other international conventions monitored by the port states and the flag. For this case, DWI should be aware that the flag state has a key responsibility of ensuring that the cruise has all the requirements and guidelines established internationally. An annual ship examination is required whereby the cruise is thoroughly inspected to ensure that its safety systems are operational. 1 The DWI ought to be aware that since its cruise had a "flag of convenient", they are governed by a regulatory agency of maritime experts that ensures that the shipping firm is compliant with the laws of commercial vessels that are registered in that country in areas of practices and operational procedures. (International Council of Cruise Line, 2006) DWI also ought to be aware that the interest of a small cruise like Minnow with a passenger capacity of 16 is represented by an International Council of Cruise Lines (ICCL) that serves as a consultative non governmental organization to the International Maritime Organization. Its aim as a trade association is to ensure there is development of regulatory and policy