ASSINGMENT CONSISTS OF TWO QUESTIONS. 1ST PART: 500 WORDS 30%:1. In the context of purchasing newbui

ASSINGMENT CONSISTS OF TWO QUESTIONS.
1ST PART: 500 WORDS 30%:1. In the context of purchasing newbuild vessels, discuss the differences between guarantees and warranties. In your answer you should provide examples of each.
2. You are an advisor to the Community of European Shipyards Associations. Compile a briefing report itemising examples of direct and indirect subsidies provided by two governments in competitor non-European countries of your choice. Briefly, identify the international rules applicable to the provision of state subsidies to shipyards. In addition to your course materials you may also wish to use the following websites as starting points in researching your subject:
https://www.livemint.com/Industry/nAVDxZh52M1ZPP4eq0i4YN/Shipbuilding-subsidy-plan-back-in- reckoning.html
https://www.bbc.co.uk/news/business-23344489 https://thediplomat.com/2014/10/chinas-subsidized-shipbuilding/ https://www.bath.ac.uk/e-journals/jtep/pdf/Volume_11_No_1_79-93.pdf 2ND PART: (250 words) 20%. 3. Describe the main standard obligations of a yard under a typical shipbuilding contract, particularly with regard to standard of work, liability for risk, insurance, and environmental matters. If a vessel is not built according to contractual specifications, what remedies are available to the affected party?
https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&ved=0ahUKEwjF3eGLuYrQ AhVLCsAKHV5oBlIQFgghMAE&url=http%3A%2F%2Fwww.ncl.ac.uk%2Fprocurement%2Fdocuments% 2FConditionsofContract-Shipbuilding.doc&usg=AFQjCNGdYR76V5-oWwJcNwXdh6lKmrmSjg
https://www.admiraltylaw.com/fisheries/Papers/ship_building_contracts.htm https://en.wikipedia.org/wiki/Shipbuilding_contract https://www.steamshipmutual.com/publications/Articles/Gearbulk0908.html

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