Every business big and small would involve the shipment of products from one location to another. The type of products being shipped, the value of the consignment being shipped and the mode of shipment would all vary. Some businesses rely on shipment companies to get the cargo shipped and some have in-house shipment arrangements. Based on what is owned the choice of marine cargo vs. marine hull insurance would vary. Choosing an insurance company that caters to every type of marine insurance including cargo and hull insurance would be a good idea as this would be a perfect future ready option.
If you are looking for marine insurance in Singapore, you should consider Allegiance Associates Marine Insurance. They cover both Marine Cargo and Marine Hull insurances. You should definitely look them up above if you are serious about protecting your marine goods or properties.
Marine cargo insurance- as the name indicates this one covers the damage of the cargo being shipped.
Marine hull insurance- marine hull insurance covers the vessel that carries the shipment
Marine cargo insurance
If your business has outsourced the cargo shipment then a marine cargo insurance would be sufficient. This one can benefit not just the shipper but also the consignee as well as the distributors. If there is some damage caused to the goods being shipped then the insurance cover would automatically take care of the associated expenses. The policy can be chosen so as to cover inland shipments as well as those that occur to foreign countries. The value of the insurance premium here would depend mostly on the type of products being shipped (some risky cargo might attract higher premiums) and the value of the goods on the whole. Another factor that might affect the details of the policy would be the distance between the start and stop points of the shipment.
Marine hull insurance
If yours is a shipment business, one that handles cargo transportation via. ocean route, air or other modes of transport then you would definitely need a marine hull insurance. Particularly businesses that own the cargo vessel requires this type of vehicle insurance to meet the costs incurred in the maintenance of the vehicle. Hull insurance covers the vessel carrying the cargo and any damage that occurs to it. The type of products being shipped might not influence the premium in this case. But the trade routes that the vessel takes, machinery on board, the overall nature of the vessel and other such factors about the shipment vessel would determine the premium of the insurance policy. Hull insurance is handy because any repairs and maintenance work that happens at an unexpected time might in turn affect the shipment and this means there would be additional costs involved.
So choose the right type of insurance so as to get a proper insurance cover. The capital spent on marine cargo and hull insurance is one of the best investment any business can make.
According to the Business Dictionary, economics attempts to explain how wealth is created and distributed in communities, how people allocate resources that are scarce and have many alternative uses, and other such matters that arise in dealing with human wants and their satisfaction. If we see the point, economics really has a lot of things to do with our lives. It affects us in many ways. If you are struggling to understand the purpose of economics in school, you should check out Advo education centre to understand the importance of excelling in this subject. In this article, we will explore how economics is involved in our daily lives.
Cynthia Clark will now tell us how economics affect our daily lives. Let us read about it below.
How Does Economics Affect Our Daily Lives?
Economics is a social science that deals with the life-cycle of goods and services. It is a study of how innovation and finance revolve around human needs and desires to provide products and services to the public. Understanding economics is critical to business success.
Supply and Cost
Economics has an enormous effect on the daily lives and wallets of all people, even if they aren’t actually involved in economic studies. The principles of supply and demand play out everyday for every person making purchasing decisions on goods and services, and in keeping or finding a job. Changes in circumstances or government mandates on any aspect of an industry creates a ripple effect of price changes through multiple industries to the end consumer. Read more here.
The supply and cost alone has already a tremendous effect on our lives. It’s almost every day that we buy and consume products and it is also almost every day that we think about cost and expenses. On the other hand, Tejvan Pettinger will tell us about the importance of economics in our daily lives.
Importance of economics in our daily lives
Economics affects our daily lives in both obvious ways and more subtle ways. From an individual perspective, economics frames many choices we have to make about work, leisure, consumption and how much to save. Our lives are also influenced by broader economic trends, such as inflation, interest rates and economic growth. Force we have little control over but can change our lives.
Economic choices – opportunity cost
We are constantly faced with choices. It may be a matter of limited time. For example, at the weekend:
Each choice has an opportunity cost. The opportunity cost of earning 8*£5.60 £44.80 is that we don’t have time to study. This could lead to poorer exam results, which could lead to lower future earning potential. Read more here.
It is really important that we have knowledge of economics especially in making our choices. We have to know how to weigh things better under the principles of economics. If we want to know more of the importance of economics in our daily life, then let us read an article the Assignment Prime which is found below.
Importance of Economics in Our Daily Life
When someone mentions economics as a subject, the most common assumption that comes to the mind of every student is that it is dull and boring. Many senior school students don’t opt for this subject because they think it is very difficult to understand its various concept. Even if they do choose the field, they doze off half the time during the classes. But, if you study it with more interest and concentration, you will notice that it is one of the most applied subjects in real life. In fact, many of our day-to-day activities involve the use of the major concepts including production, distribution, and consumption which are very helpful in taking certain decisions in our daily life.
Let us take a look at some of the major concepts that economics has taught us which are important in life: Read more here.
According to the article above, one important thing where we could apply economics is in our investment decisions. We all want to invest a lot of things, but through economics, we can determine if the investment would be proper and right. Economics really has something important to do with our lives. It helps you manage your properties and belongings and it helps you in a lot of other different aspects.
During the last twenty-five years, a lot of advancement has been made in the area of DNA profiling and this advancement has made it possible for individuals to be identified through their DNA, which can be gotten from biological materials like the hair, semen, blood, and others. The DNA contains the genetic materials that it is in the billions of cells that are in our bodies. It basically holds all the unique information that makes us who we are.
The sequence of the DNA code is almost the same in every human, but there are important constituents in the DNA that separates an individual from another. The differences between DNA are what scientists have used in accurately identifying individuals.
New research has shown that DNA profiling can identify an individual in a more efficient and accurate way especially when compared to the traditional fingerprint method. DNA profiling has been used countless times to determine paternity and family relationship which of course the fingerprinting system cannot do.
DNA profiling is very effective when it is used on people with different DNA, but in the case of identical twins, it is somewhat different, obviously because identical twins usually begin their life with the same exact DNA. But this does not mean that DNA profiling cannot be used to distinguish them. The DNA of identical twins can be distinguished through advanced techniques.
Lastly, tests can be done using DNA to find out if one has defective genes, and this can help identify what diseases your future offspring is susceptible to. By knowing this, one can adjust their lifestyle to mitigate or put their future offspring at lesser risk. There are many commerical companies that offer this service to consumers, one of them is Mapmygenes and more infomation can be found on their page here http://www.mapmygene.com/services/disease-susceptibility-test
Method used in DNA profiling
In recent years, a lot of people have thought deeply about the role DNA profiling plays in modern times. Interestingly, there have been numerous cases in both the private and the public sector where DNA profiling has been used in the identification of individuals and establishing family relationships. These cases show that DNA profiling matters are important.
Next, we are going to be looking at four ways DNA profiling has been used in recent years.
Identification of criminals
DNA profiling plays a very important role especially when a crime scene is been investigated. It can be used easily to identify a culprit through any body fluid or biological matter that is left at a scene. This is particularly important in the rape case. Prior to the use of DNA profiling, rape cases were almost impossible to solve, but now, things have changed in that small, biological remains like hair follicles or shedding skin can be used to identify a culprit of a crime.
This technology has also been used to exonerate people who have been jailed falsely for a crime that they did not commit. You can learn more about how DNA profiling has helped in exonerating innocent people from prison here.
Identifying the remains after a tragedy or disaster
After a disaster like an air crash, flood or a car crash, it might not be possible to identify the remains of victims physically. DNA profiling is used here to identify bodies that might be unrecognizable. DNA profiling makes it possible for the family members of accident victims to be able to put their dead loved ones to rest and to start recovering from their loss.
If a child and his/her parents are separated since birth, finding the identity of one’s biological father is not easy, but it is possible through DNA testing. Over the years DNA profiling has been used to establish the relationship between people.
Many today are really curious about their ancestry. Through DNA testing it is now possible to establish relationships between an individual in a particular area and beyond.
In this article, we have been able to see the important roles that DNA profiling has played in the past.
In the future, it is likely going to be used in predicting as well as knowing the role it plays in a child’s intelligence level as well as other important areas of life.
Have you ever watched television news, movies, or dramas related to crime where investigators or detectives have to identify a certain body or identify a criminal or the assailant? The process done is actually called DNA profiling. According to Science Learning Hub, DNA profiling is the process where a specific DNA pattern, called a profile, is obtained from a person or sample of bodily tissue which can be used to identify individuals. However, that is not the only purpose of DNA profiling because there are other wonderful things about this. There are many commercial organizations that used dna profiling technologies to help people identify their traits. One such organization is Mapmygenes can more information can be found on their dna profiling page at http://www.mapmygene.com/services/disease-susceptibility-test/
In an article by Bio Ninja, we would be able to know more about DNA profiling. Let us read below.
DNA profiling is a technique by which individuals can be identified and compared via their respective DNA profiles
DNA profiling is commonly used in criminal investigations (forensics) and to settle paternity disputes
The procedure involved is common for both:
So Bioninja provided us with information about the procedure in conducting DNA profiling which is quite similar for both purposes which is for forensic investigation and paternity testing. Now, let us take a look at the importance of DNA Profiling which will be discussed to us by Maita Independent through their article below.
The Importance of DNA profiling
“I think it is important that without killing a human life, you avoid that it is conceived – especially if you know the child will be born with a disability. In saying this, I don’t think it reduces the life or dignity of the person with a disability,” a parent, whose child was born with a disability, told the Social Affairs Committee last week.
The session was held behind closed doors to protect the identity of the speaker. She was referred to as Paula.
She explained that her sister became pregnant several years ago. During a routine check-up in her seventh month of pregnancy, the doctors realised that the baby’s head was larger than it should be.
She was immediately referred to St Luke’s Hospital and after further investigations, it was found that the baby had a condition called hydrocephalus – a condition where an abnormal accumulation of fluid in the cerebral ventricles causes enlargement of the skull and compression of the brain, destroying much of the neural tissue. Read more here.
So that is a true story showing us how important DNA profiling is especially if you are planning or about to conceive a child. Below, we are going to read more about real life cases where DNA profiling changed everything. The Forensic Outreach Team will provide us with those.
5 Real-Life Cases Where DNA Profiling Changed Everything
DNA testing on crime scene evidence is considered conclusive, but it was not always so. 30 years ago, this tool was considered too controversial to make a difference in identifying or clearing a suspect.
DNA profiling is the process whereby a string of deoxyribonucleic acid (DNA) is extracted from a cell of an organism, mixed with a ‘restriction enzyme’ which, when processed reveals the blueprint of an individual; ‘instructions’ in each of 23 pairs of chromosomes that dictate physical characteristics, function and individuality, each is completely unique to an individual. DNA signature is duplicated in every cell of a person’s body, including urine, tears or semen, therefore scientifically accurate identification can be made.
A fifteen year old school girl, Lynda Mann was abducted in Narbourough, England. The next day, her body was discovered raped and murdered. Three years later, another young woman met the same fate near Lynda’s resting place. Richard Buckland was arrested and confessed to the second murder only. An untested technique was applied; ‘genetic fingerprinting’ through DNA analysis. Surprisingly, there was no match in either murder, so the test was repeated. Ultimately, Buckland was proven innocent. As to why he confessed, he claimed he had been pressured by police. Read more here.
DNA profiling and DNA fingerprinting has really helped a lot in crime and investigation. Imagine how those criminals would be caught without this, they might still be roaming around and innocent people might have been arrested. So basically, DNA profiling is one of the most important discoveries right now. Without it, police investigation could’ve been more difficult right now, justice is not served well, and illnesses wouldn’t have been detected early.
DNA testing also known as DNA profiling is a technique pertaining to forensic science that helps to identify and determine an individuals characteristics through the help of the DNA. Now what is the DNA profile of an individual? It is a small set of DNA that is likely to vary between unrelated individuals. It is a unique as the fingerprint of an individual. DNA testing is very different from genome sequencing. DNA testing is mostly used in crime investigation and establishing the paternity of an individual. However there are many other uses of DNA profiling as well.
How is DNA testing done?
The process of DNA testing is established by the father of genetics, Sir Alec Jeffreys. In this process, a sample of the persons DNA (called a reference sample) is collected. The most common method of collecting this reference sample is through a buccal swab is not expensive and easily available and also non-invasive. If a buccal swab is not obtainable then other samples like saliva, blood, semen, sweat and other fluid tissue are used to collect the sample. This reference sample is then analyzed to determine an individuals DNA profile.
There are different types of DNA testing:
Polymerase Chain Reaction (PCR) Analysis: the PCAR analysis produces millions of precise DNA replications even from the smallest cell. Hence it has the advantage of analyzing even the miniscule sample that is gathered from the crime site.
Restriction Fragment Length Polymorphism (RFLP): this was one the first techniques of DNA analysis in forensic science but is slowly becoming obsolete. This technique is becoming obsolete because large size of samples are needed as compared to other techniques.
Short Tandem Repeat (STR) Analysis: this technique analyses individual areas of the DNA. In criminal investigation thirteen areas are analyzed to establish DNA profiles.
Mitochondrial DNA Analysis: this technique is used for samples on which the STR or RFLP techniques fail. There are two types of DNA mitochondrial and nuclear DNA. In all the types of DNA testing the nuclear DNA is removed from the sample, but in this analysis the mitochondrial DNA is removed from the sample.
Y-Chromosome Analysis: the Y chromosome passes from the father to the son and this analysis is used to determine parental disputes.
Uses of DNA testing:
Archaeologists are now using DNA tests to record genetic codes and how life has progressed on earth that date back to centuries. DNA databases are maintained that are used to compare DNAs. DNA profiling has helped scientists to understand mutation and evolution.
DNA testing is the most definitive way of establishing a childs paternity. Either for mental peace or for legal matters often it becomes imperative to establish the father child relationship biologically. This is when DNA testing plays a huge role.
To establish a family tree and trace back to ones genetic ancestors often DNA testing is done. As the Y chromosome found in male are not likely to change from generation to generation, the analysis of Y chromosome can be done to establish family lines.
One major use of prenatal DNA testing is that it helps doctors to understand the health condition of the fetus and also diagnose any health issues. The probability of risk in certain genetic diseases is also determined with the help DNA testing.
Another wide usage of DNA testing is seen in criminal investigation. DNA profiles are stored by the police to solve cases. Often serial offenders are identified through analysis of a DNA sample.
In the wide spectrum of science DNA testing is done on new species and unidentified objects from outer space.
Many Dna testing are also done on gifted children in to identify which mixture of genes from their parents gave them their intelligence.
What is an insurance?
We all need to protect ourselves from monetary losses. There has to be some security in case some mishap happens due to which we end up having huge financial losses. Financial losses can happen to an individual or an organization as a whole. There might be also cases where you end up harming your physical wellbeing due to which you need some kind of a security to fall back upon. It is for such scenarios that we need insurance. An insurance is an arrangement by which a company or may be the state ensure to give some kind of compensation in case of any kind of losses or damage or even in case of death.
There are many different types of insurances like medical insurance that a company might provide to its employees as an employee benefit in case of any kind of illness or accident during their tenure in the organization; then there is the corporate insurance that secures the company against any sudden financial loss. Apart from this there is the error and omission insurance often used by doctors to secure themselves from undue claims made by patients in case of any mishap. Finally there is a policy for those individuals who go out of their native lands to work in a foreign country. This insurance is known as the foreign workers insurance.
Industries that benefit from foreign worker medical insurance :
The foreign workers insurance is availed a lot by those industries where people come to work from different countries. For example in the hospitality business, a hotel can employ someone from a foreign country. That person then becomes liable to be covered under the foreign workers medical insurance. Also we are living in a global world. Every year, every day, every hour people are travelling from one end of the globe to the other end for work. Each time an individual travels to a foreign country whether from the manufacturing sector or the service sector, whether from the utility industry or the entertainment industry, the industrial products sector or the infrastructure sector, they come under the purview of the foreign workers insurance that give them the much needed medical security. This insurance is provided by the employer under state regulations that differ from country to country. However, the premise of the insurance remains the same all over the world.