OIL PRICE WILL CONTINUE INCREASE ?


Kuwaiti economy and oil analysts predicted that oil prices will continue to increase in global markets, but not go beyond the USD 120 per barrel barrier.
The experts confirmed in separate interviews with KUNA, that geopolitical events are still the main reason for the rise in oil prices and all concur that development in these events might cause a hike in prices to the USD 140 pb levels.

The wave of tornadoes that are taking place in the United States, expected to be the worst in years, may also be a factor in the rise of prices, over the medium range term, particularly in the events of closure of oil factories and the disruption of supply to markets.

However, Kuwaiti economy expert Hajjaj Bukhadhour predicted that oil prices would not exceed the USD 120 barrier, especially if current developments and geopolitical conditions stayed the same.

Bukhadhour added that current prices are being affected by geopolitical events in the Middle East, in addition to a wave of tornadoes that swept the United States of America.

For his part, Jamal Al-Gharabali, Kuwaiti oil expert, said that "it is possible that prices would reach the USD 130-40 pb range, in light of developments in Syria and the Iranian situation, especially after recent Iranian statements of linking security in Syria to its own security."

Al-Gharabali, also predicted that geopolitical events will change in the upcoming period, but stressed keenness by the producing and consuming countries to maintain prices at current levels.

Sumber : http://www.hellenicshippingnews.com

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GLOSSARY -- > F


Hello Malaysian .

New glossary for word F .

F.A.K.
Freight All Kind. System whereby freight is charged per container, irrespective of the nature of the goods, and not according to a Tariff.

F.A.S.
Free Alongside Ship.

F.C.L.
Full Containerload. Arrangement whereby shipper utilizes all the space in a container which he packs himself.

F.I.O.
Free In and Out.

F.O.B.
Stands for Free On Board which is a mercantile expression used in sale contracts denoting that goods have to be delivered by the shippers on board the vessel at a particular place, free of charge.

FCL/FCL
See CY/CY.

FCL/LCL
See CY/CFS.

Feeder Vessel
Vessel employed in normally short sea routes to fetch or carry goods and containers to and from ocean going vessels.

FEU
Forty-foot Equivalent Unit (40'' or 2 TEUs)

Final Destination (FND)
End of carrier liability where carrier delivers the cargo to consignee.

Flash Point
A temperature that when certain inflammable cargo reaches will trigger spontaneous ignition. It is an IMCO standard information requirement for dangerous goods.

FMC
Federal Maritime Commission. US Government Agency responsible for regulatory aspects of all maritime activities.

Freight
(a) The price paid to the carrier for the transportation of goods or merchandise by sea from one place to another. (b) Freight is also used to denote goods which are in the process of being transported from one place to another.

Fresh Air Exchange (FAE)
The fresh air exchange system on a reefer removes harmful gases from reefers carrying
sensitive perishable commodities. The fresh air vent is located on the reefer machinery end of the container. The fresh air vent is adjustable to accommodate a variety of cargo and chilled load operating conditions. The fresh air vent should be tightly closed when carrying frozen cargo.

Full Cellular Ship
A ship fitted for container carriage in all available space. The ship is fitted with vertical cells for container placement both below and above deck. No provisions are available for cargo other than containers.

Fumigation
Treatment with a pesticide active ingredient that is a gas under treatment conditions

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For this entry admin wants to share to all followers and visitors about another major achievement of Malaysia's construction of underground tunnels. Let's take a bit of knowledge about the project.

The "Stormwater Management And Road Tunnel" or "SMART Tunnel", is a storm drainage and road structure in Kuala Lumpur, Malaysia, and a major national project in the country. The 9.7 km (6.0 mi) tunnel is the longest stormwater tunnel in South East Asia and second longest in Asia.

The main objective
1.   To solve the problem of flash floods in Kuala Lumpur and;
2. To reduce traffic jams along Jalan Sungai Besi and Loke Yew flyover at Pudu during rush hour.

There are two components of this tunnel, the stormwater tunnel and motorway tunnel. It is the longest multi-purpose tunnel in the world.

Stormwater tunnel
Motorway tunnel
Construction cost: RM1,887 million (US$514.6 million)
Motorway tunnel length: 4 km (2.5 mi)
Stormwater tunnel length: 9.7 km (6.0 mi)
Structure type: Double Deck
Diameter: 13.2 m (43.3 ft) (outer diameter)
Ingress and egress: 1.5 km (0.93 mi) at Jalan Sultan Ismail and Jalan Imbi
Tunnelling method: Tunnel Boring Machine (TBM)
Length: 1.4 km (0.87 mi) at Jalan Tun Razak
TBM type: Slurry shield
Links: 1.6 km (0.99 mi) at Kuala Lumpur-Seremban Expressway Links: City Centre near Kg. Pandan Roundabout KL-Seremban Expressway near Sungai Besi Airport

FM Radio channels available in the tunnel


Radio
Frequencies
Klasik Nasional FM
87.7 MHz
KL FM
97.2 MHz
Nasional FM
95.3 MHz
Hot FM
97.6 MHz
Fly FM
95.8 MHz
Hitz FM
92.9 MHz
Traxx FM
90.3 MHz


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KELAS YG KE ?


Hai Hai Hello Hello.. <3
Admin Shaa indahouse..
Semalam admin Shaa da bebel panjang lebar tentang apa itu Incoterm kan??
Kali ni admin Shaa share sedikit gambar2 yang admin Shaa amek. Tp bukan pasal kapal lah..
Gambar yang admin Shaa amek mase kelas Shipping td.. 

Meyh Cekitout..












Tulah dia muke-muke yang khusyuk study..
Huhuhuhuhu. Rajin sungguh kawan-kawan admin ni..


Erkk!! Orang lain sibuk dga lecture kat depan ni khusyuk tido??
Ish3.. Kawan-kawan apa denda yang kita
nak bagi kat dia neh?? Cepat fikir!


Yang lecture kt depan tu admin Saiful Fitri dan admin Shafiq.. hehehehe. hensem tak dorang??


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INCO TERM


Hai Hai Hello Hello.. <3 to all viewers and the beloved blogger. Thanks for comin.. Hehehe.

Lame tak hapdet blog kan? Kali ni admin Shaa pulak yang takeover blog neh. Biasanya admin Tiqa. Tapi sekang dia tga berehat seketika dpd aktiviti berbloging. Atas sebab2 pribadi. Huhu.

Hari ni admin Shaa nak cerita sedikit tentang INCOTERM. Uols pnh dga atau tahu pasal INCOTERM ni tak? Incoterm ni ialah sila klik THIS PAGE. Kat sini uols akan di beritahu tentang apa itu incoterm dan jenis jenis nya..


* Panduan nak tengok gmbar di atas:
  1. warna biru Seller Responsible.
  2. warna oren Buyer Responsible.
  3. warna biru cair Seller Responsible for insurance, (valued goods)
  • line pertama ialah cost
  • line kedua ialah risk
  • line ketiga ialah insurance (CIP dan CIF)

Sebelum tu, ada dua jenis Term of transportation untuk ni. EXW, FCA, CPT, CIP, DAT, DAP dan DDP untuk segala jenis mood of transport. darat atau udara kot. Yang selebihnya tu untuk sea and inland transportation. Yang guna jalan laut atau sungai.

ok. Tiba masanya untuk admin Shaa terangkan incoterm2 yang terlibat itu.

  1. EXW : Seller hanya bertanggungjawab dari segi RISK, COST hanya setakat seller premis atau warehouse dorang. selebihnya akan ditanggng oleh buyer.
  2. FCA : Seller hanya bertanggungjawab tentang Risk, Cost hanya sampai di carrier point of origin. 
  3. CPT : Dari segi cost, Seller yang bertanggungjawab sampai Named Place atau buyer Destination. Tapi dari segi Risk, Seller hanya bertanggungjawab sampai kat carrier sahaja.. 
  4. CIP : yang ni spesel sikit sebab dia ada insurance. Biasa untuk barang2 yang berharga. Dari segi cost Seller bertanggungjawab sampai Buyer Destination. Risk pulak seller responsible dari seller premis sampai naik carrier. Insurance pulak seller bertanggungjawab dari Carrier sampai Buyer Destination.
  5. DAT : dari segi Cost dan Risk, Seller responsible dari seller premis sampai terminal or arrival kat tempat buyer itu sendiri. 
  6. DAP : dari segi Cost dan Risk, seller bertanggungjawab dari seller premis sampai Buyer Destination. 
  7. DDP : dari segi Cost dan Risk, Seller yang bertanggungjawab dari Seller premise sampai buyer warehouse. Tapi ada yang cakap dan selalu diguna pakai. Responsible tu hanya sampai ke Buyer Destination bukan Buyer Warehouse. DDP ni pulak seller yang bayar segala taxes and duty dari point of origin to the point of consumption. 
  8. FAS : Cost dan Risk seller must responsible from Seller premise until loading bay kat port tu. Nak unload dia masuk kapal.. 
  9. FOB : dari segi Cost dan Risk, Seller yang bertanggungjawab dari Seller Premise sampai goods tu dah selamat kat atas kapal.
  10. CFR : yang ni lain sikit. dari segi Cost, seller bertanggungjawab sampai Port of Destination. maksudnya, barang tu sampai kat port buyer. Risk dia pulak, sampai goods tu dah selamat naik atas kapal dan sedia untuk belayar.. hehehe
  11. CIF : Cost dia seller tanggung sampai Port of Destination. atau dah sampai kat port buyer. Risk dia pulak, seller tanggung sampai goods tu dah sampai naik atas kapal dan siap sedia nak belayar. TAPI, INSURANCE pulak seller akan bertanggungjawab dari goods tu dah naik atas kapal sampai dia arrival kat Port of Destination. 
Fuhh! penat pulak jd lecturer ni. Bagaimana anak-anak? dah paham?
Senang je kan? siap ada gambar lagi..

Ok. Sekarang admin Shaa dah ngantuk. Admin Shaa nak tido.. semoga berjaya uolsss.. 

zzz...

12.01 a.m

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GLOSSARY --> E


Morning Malaysian :')

New glossary for this morning. Remember glossary for word E.

ECU
European Currency Units. A financial unit used for EC accounting.

En route
Along the route of movement.

ETA
Estimated time of arrival.

ETD
Estimated time of departure.

Ex Work
An INCOTERMS term of sale applicable to all modes of transport.

Export
Shipment of goods to another country.

Export Declaration
A government document permitting designated goods to be shipped out of the country.

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LOGISTICS MAKE THE WORLD WORK BETTER