BOW WAVE 209

Eve of Rio Edition

news and views on trade, insurance and risk

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Wavy Line	sam@wavyline.com
(c)2003 WavyLine.com	Issue No 209 24 Nov 03
Published free of charge to Readers
Editor: Sam Ignarski
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In this issue:

1. Welcome
2. New Institute Hull Clauses
3. UNCTAD Conference on E-business, Trade Facilitation and Logistics
4. FDA Bioterrorism Rules Take Effect December 12
5. On-Line Logistics
6. And Finally...

1. Welcome

This week's Issue finds your editor off to Rio de Janeiro to attend an UNCTAD Conference. I shall be staying at the Hotel Rio Internacional and would be delighted
to meet any Reader who wants to swap views. Please send me an e-mail or leave a message at the hotel:

tel: (55 21) 2546-8000
fax: (55 21) 2542-5443

New Readers this week include:

Jaime Avanzini of Cesmar in Madrid
Michael McCarthy of NZ lawyers Hesketh Henry
Robert Lynn
Nikolay Nikolov of the West of England Club
Surveyor Walter Vervloesem of IMCS in Antwerp
Lucy Budd of Merlin PR Company
Dean of Croatian Maritime Law Harry Kacic

News of Readers

Capt Ravindra P Varma the General Manager & Principal Surveyor of marine suveyors Metcalfe & Hodgkinson in Mumbai, India is moving to Los Angeles this December.

He would like to get to know some mariners in Los Angeles, as well as meeting the local surveyors, agents, forwarders and yacht managers.

Contact him at:-

rpvarma@bom5.vsnl.net.in

Walter Vervloesem of IMCS in Antwerp is the author of a book on hatch cover inspections published recently by the Nautical Institute. The book forms part of a nautical accredited 1,5 day training course on hatch covers for operators of class type approved ultrasonic equipment.

His next training course will beheld in New Orleans on 15 & 16th December 2003. He saus that the systematic checking of hatch covers with ultrasonic equipment using qualified operators has resulted in a spectacular reduction in claims.

Contact him at:-

w.vervloesem@village.uunet.be

This Issue finds your editor about to leave for South America. It is accordingly less prolix than usual.

Enjoy.

2. New Institute Hull Clauses

In November 2002 the London Market Joint Hull Committee introduced a new set of Hull Clauses known as the International Hull Clauses 1/11/02. (IHC 2002).

The IHC 2003 wording includes a number of further improvements in cover, both in the standard and optional clauses, and has clarified some of the difficulties identified with the 2002 version.

The experts in Richards Hogg Lindley have now produced a detailed commentary on the new IHC 2003, which can be obtained from any of the relevant offices:

go to

http://www.charlestaylorconsulting.com

or contact

richard.cornah@rhl-ctc.com

3. UNCTAD Conference on E-business, Trade Facilitation and Logistics

Your editor has been invited along as a "resource person" at the UNCTAD Regional Conference on ICT Strategies for Competitiveness and Development in Rio de Janeiro on November 25-27. The aim is to focus on promoting E-business, Trade Facilitation and Logistics in Latin America and the Caribbean.

Jan Hoffman whose own e-zine did so much to promote awareness of the transport issues in the region will be there and he has mentioned that UNCTAD has decided "to broaden participation in the conference and to demonstrate how ICTs are being used in practice, UNCTAD and RITLA are pleased to announce that Sessions 2, 3B, 4A, and 6A (see the agenda below) of the conference will be open to online participants".

To register for any of these on-line sessions please simply send anraino2.com with your name, company, phone number, and email address and you will receive more detailed information on how to join the online sessions. To get an idea of the proceedings go to:-

http://r0.unctad.org/ecommerce/event_docs/rio_conference.htm

4. FDA Bioterrorism Rules Take Effect December 12

Specialist transport brokers Avalon have just published the November edition of their on-line journal the Quest which contains a lengthy introduction to the latest addition to the new preoccupation with security post 9-11.

Read more at:

http://www.avalonrisk.com/questnewsletter/November/index.htm

5. On-Line Logistics

It was only recently we discovered this rather good place at the Lloyd's List site which concentrates on the transport and logistics side of things:

http://www.lloydslist.com/hubtalk

6. And Finally...

Many thanks to Niels Kim Balling for this new version of an old favorite...

DEMOCRAT
You have two cows.
Your neighbor has none.
You feel guilty for being successful.
Barbara Streisand sings for you.

REPUBLICAN
You have two cows.
Your neighbor has none.
So?

SOCIALIST
You have two cows.
The government takes one and gives it to your neighbor. You form a cooperative to tell him how to manage his cow.

COMMUNIST
You have two cows.
The government seizes both and provides you with milk. You wait in line for hours to get it.
It is expensive and sour.

CAPITALISM, AMERICAN STYLE
you have two cows.
You sell one, buy a bull, and build a herd of cows.

DEMOCRACY, AMERICAN STYLE
You have two cows.
The government taxes you to the point you have to sell both to support whatever wars Bush might feel like starting.

BUREAUCRACY, AMERICAN STYLE
You have two cows.
The government takes them both, shoots one, milks the other, #pays you for the milk, and then pours the milk down the drain to ensure the rest of the world's farmers are screwed.

AMERICAN CORPORATION
You have two cows.
You sell one, lease it back to yourself and do an IPO on the 2nd one.You force the two cows to produce the milk of four cows. You are surprised when one cow drops dead. You spin an announcement to the analysts stating you have downsized and are reducing expenses. Your stock goes up.

FRENCH CORPORATION
You have two cows.
You go on strike because you want three cows.
You go to lunch, meet your mistress and drink wine. Life is good.

JAPANESE CORPORATION
You have two cows.
You redesign them so they are one-tenth the size of an ordinary cow and produce twenty times the milk. They learn to travel on unbelievably crowded trains. Most are at the top of their class at cow school.

GERMAN CORPORATION
You have two cows.
You engineer them so they are all blond, drink lots of beer, give excellent quality milk, and can run a hundred miles an hour. Unfortunately they also demand 13 weeks of vacation per year.

ITALIAN CORPORATION
You have two cows but you don't know where they are. While ambling around you pick up the first female tourist you can find.You break for lunch.Life is good.

RUSSIAN CORPORATION
You have two cows.
You have some vodka.
You count them and learn you have five cows.
You have some more vodka.
You count them again and learn you have 42 cows.
The Mafia shows up and takes over however many cows you really have.

TALIBAN CORPORATION
You have all the cows in Afghanistan, which are two. You don't milk them because you cannot touch any creature's private parts. Then you kill them and claim a US bomb blew them up while they were in the hospital.

IRAQI CORPORATION
You have two cows.
They go in hiding.
They send radio tapes of their mooing.

FLORIDA CORPORATION
You have a black cow and a brown cow.
Everyone votes for the best looking one.
Some of the people who like the brown one best, vote for the black one.Some people vote for both. Some people vote for neither. Some people can't figure out how to vote at all. Finally, a bunch of guys from out-of-state tell you which is the best-looking cow.

CALIFORNIA CORPORATION
You have millions of cows.
Most are illegals.
Arnold likes the ones with the big teats.

PS from Andrew Charlton:

World Toilet Day a flushing success
http://uk.news.yahoo.com/031119/325/eec3z.html

BOW WAVE is published each week to around 9000 Readers in the transport,insurance,shipping and finance industries.

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