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Review of chapter 1 The Lifetime Period of Commercial Vessels Engineering Essay Commercial vessel has limited lifetime period. After useful Economical commercial life every vessel should be replaced. Either sold to the local feeder community or sold to the scrap market for recycling. Disposal option rather as Storage fleet at oil rig or sell to The Scrap Market. Environment, Safety of workers, Technical Expenses, geographical area available consideration concern for disposal ship would be considered according to the Local government guidelines as well as International Maritime Organization and Basels convention Guidelines. By selling ship to the Scrap Market, This methodology are influence at the Capital intensive return cycle .Additionally ship owner finance his ship with a portion of return back Capital. Owner could use his capital return as a lease option in Islamic Ship Finance or Equity at shipping finance. Scrap methodology in ship layup cycle is popular methodology for any ship owner or a large shipping company. Most of the scrap market establishes south Asia or Indian subcontinent occurs in low Wages and huge demand for second hand technical equipment. Still industry of those country fully depend on the second hand ship scrap market. Between 2005 to 2010,Bangladesh ,Pakistan and India mainly ship Recycling yard of the world. Pakistan scrap market located in Gadani Beach,Chittagong is ship recycle Place in Bangladesh near to Chittagong port. During the busy time up to 15,000 workers involved with ship recycling project. The worker using little cutting Mechanization. All the scrap materials moved by manually with assistant of King post truck and Fork lift truck. Gujerat State of Indian is very large ship recycling industry.It was open in 1983.IT has very modern Equipment and Tug boat.In busy time about 50,000 worker engage with cutting operation manually. The natural benefit of this State that is very shallow water beach. In 2005, about 4600 GT scraping in Chittagong ,Bangladesh. It is about 75% of Total scraping.( Index 125 page 22) In this table showing from the baseline cost increasing toward 2 % per year, Total cost would be double. Dry Docking cost and interval continues arise every year. Following this process vessel could be used for storage in drill project or large crude oil project. Maximum lifetime of storage vessel up to 100 years. A case study chosen to allow The Storage cost will be $4.7 billion dollar and approximately discounted by $1.2 billion dollar.


Look at overview questions Overview questions: 1. Give two typography words in the text? --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2. What is the heading of the text? --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------3. What is the topic sentence? --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Close study questions 1. What happened between 2005 to 2010? ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2. What is the index used in this passage? --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------3. What is the maximum number of years to keep the vessels?


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Composition

1. Define : Computer hardware look at page 39 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2. What three things are needed for short term formal definition? ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3. Give me a long term definition of Chemical Solution look a page 43 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------


Correction of relative clause

1. We can define pressure as the force which exerted divided by supporting area. 2. A catalyst is a substance scientists use it to speed up a chemical reaction. 3. An evergreen is a tree or bush which its leaves do not fall in winter.


Review of Chapter 1