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International trade - Essay Example

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British Marine Equipment Association (BMEA), established in 1966, is a market oriented trade association, works for the promotion of British manufacturers and suppliers, in other countries and supplies marine equipments to ports, terminals, off shore industries, and fishing industries…
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International trade
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International trade

Download file to see previous pages... Second, as it operates in an international environment, it is subject to considerable competition and economic pressure from foreign competitors." http://www.transport.gov.za/library/docs/greenp3d.html




As a maritime organisation, it has to take all its decisions keeping the external factors in view. It is impossible for it to function keeping only UK laws in mind, as it has to deal with almost all the countries, their companies, their shipping industry and other connected industries, and hence, the organisation automatically comes under laws made by those countries that could be suitable only for them. But an international organisation has to find ways and means to adapt itself into those laws.



Education and training of the staff, making them aware of other cultures and alien atmospheres had been of great value. It is difficult for an organisation like BMEA not to get influenced by external environment. Most of the maritime organisations try to adapt themselves as much as possible to the environments, rules and policies of other countries, without which they cannot run their business. Shipping corporations have to adhere to the rules of flag ports, terminals and high seas only. But BMEA has to abide with even the country's internal laws, as its supplies go to the off shore industries and Government agencies. It has to learn every liaison rule prevalent in that particular country, deal with Government agencies and quasi government institutions for their supplies to get approved, because it represents the interests of its members, suppliers and manufacturers in Britain. To negotiate the supplies, prices, with markets abroad, it has to have its personnel ready and trained for the...
British Marine Equipment Association (BMEA), established in 1966, is a market oriented trade association, works for the promotion of British manufacturers and suppliers, in other countries and supplies marine equipments to ports, terminals, off shore industries, and fishing industries.Several International conventions lay down the rules for the maritime organisations to follow as they are bound by these rules. Environmental rules have made the shipping difficult; but at the same time, it is definitely necessary as the seawater or seabed pollution could create unfortunate results, killing the sea animals, birds, fish and eventually affecting the health of humans. Stringent laws have been laid down against oil spill, paints and so many other hazards that could happen through the maritime industry. “The International Convention on the Control of Harmful Anti-fouling Systems on Ships will prohibit the use of harmful organotins in anti-fouling paints used on ships and will establish a mechanism to prevent the potential future use of other harmful substances in anti-fouling systems”. Education and training of the staff, making them aware of other cultures and alien atmospheres had been of great value. It is difficult for an organisation like BMEA not to get influenced by external environment.As BMEA deals with sales and services of equipments, it comes under the Sale of Goods Act and Sale Contract Act. All these international laws have to be honoured by the company while making a deal and supplying the equipments and servicing it later. ...Download file to see next pagesRead More
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