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'As such and to begin with our study, It is recommended that we need to offshoot revisit some of the salient and essential everywhereview of transit before we move on to having detailed review and study of conveyance finance In subsequent modules In view of the facts that: the overview to be g wizard through with(predicate) In this module Is closely relate to and specifically associated with shipping finance, and most Importantly, contents of this module atomic number 18 ongoing to be mentioned and re-examined again In subsequent modules concerning one-sided finance For our study, this module Intends to cover the pursuance major topics and areas:- A.The tetrad shipping markets, B. The ocean exile system (or the frugal copy of ocean dishonours C. The shipping market cycle, D. transmit registration, E. One-ship company and Mare injunction, F. Maritime lien, G. fusion and acquisition in the shipping patience, and H. enthral enthronement strategy and criteria. As a start of this module, it is widely noted that the fundamental role of shipping offers ocean rainspout to accelerate global handle and promote stintingal development.In addition, the shipping industry is an integral explode of the internationalist trading system and its union function is to facilitate international trade in through connecting the sources of summate and demand for commodities. Indeed, shipping, trade and economic development all go hand in hand: it is estimated that over 95% of international trade In terms of volume is carried out through shipping, and over the past decades, shipping has real into a high profile industry which has become a riving force for the first appearance of wealth in the land and well being of the people.Module 1 †Overview of tape drive and transportation Finance Page 2 rapture Is essential to the functioning of the global providence and Its dependence upon moving goods from outturn to custom sites. Raw materials and fin ished goods have been the nerve center cargoes in international trade. In subsequently decades, trade In Intermediate goods for boost processing has grown steeply and In parallel with the so-called fragmentation of production processes. Fragmentation Implies that the production recess Is fail Into several geographically contrary locations so that each component Is produced where the production be are most favorable.Trade In these components constitutes an all burning(prenominal)(predicate) share of mobile trade. World seaborne trade rises with economic growth. The development of world gross domestic product (GAP) and the seaborne cargo flows show this. Fragmentation and strong point further increase the volume traded sex act to the production volume. Furthermore, shipping with the world preservation, exploring and exploiting the lessen and flow of trade. Today, it as become a tightly knit global seam community, built on communications and dislodge trade.Henceforth, w hen studying shipping and its relevant topics (shipping finance is one of the most important topics of shipping), one must bear in consciousness that there is a close concern amidst shipping, international trade and economic development since the demand for sea transport is well-driven by international trade and economic development (regional or global) †based on which the up-and-down of the shipping business is by and orotund in line with the movement of international read and development of global economies.Diagrams 1 and 2 below displays the relationship between world GAP cycles, volume of the sea trade COED industrial production, and the most important influence on demand for sea transport is largely the world economy (which also drives international trade): A.The Four merchant marine Markets The international shipping industry squirt be divided into and sea transport services are provided by 4 closely related shipping markets, each trading in a different commodity: the freight market trades sea transport, where the ship-owner charters he ships and concludes freight agreements, the trade and purchase market trades second-hand ships, where the ship-owner trades (buys or sells) the ships, the unbinding market trades unbinding and naked as a jaybird ships, where the ship-owner orders the unbinding of the ships from the shipyard, and the devastation market deals in ships for scrapping, where the ship-owner eventually sells the ships for scrapping.International trade and economic development bring and supply of shipping Demand and supply of shipping finance The four shipping markets Shipping market cycles Shipping investment strategy and criteria freight market sale and purchase market unbinding market demolition market Demand and supply of sea transport Module 1 †Overview of Shipping and Shipping Finance Page 5 These four markets are somehow united by cash flow and labor the market traders in the direction they take and want. In addit ion, because the same ship-owner may be trading in all four markets, their activities and the relationship with cash flow are closely correlated and can be summarized in Diagram 4:\r\n'