Warehouse

A warehouse is a commercial building for storage of goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial areas of cities and towns and villages. They usually have loading docks to load and unload goods from trucks. Sometimes warehouses are designed for the loading and unloading of goods directly from railways, airports, or seaports. They often have cranes and forklifts for moving goods, which are usually placed on ISO standard pallets loaded into pallet racks. Stored goods can include any raw materials, packing materials, spare parts, components, or finished goods associated with agriculture, manufacturing and production. The process of storing goods within a storage facility

The building or place where goods are stored is known as warehousing. There is a need to store for the product, until it is shipped to the customer. A producer produces the product but all the products are not shifted quickly to the hands of the customers. It takes some time, there are also some other factors which are responsible for warehousing like utility and demand. Definition of Warehousing:- Robert Hughes has defined it in following words, "Warehousing is a set of activities that are involved in receiving and storing of goods and preparing them for reshipment." Keeping in view the various definitions we may say that warehousing is not only concerned with storage facility it is also involved in various other activities like receiving, identifying, holding, assembling and preparing available to meet the demand.

Types of warehouses

Overseas warehouses

Packing warehouses

Railway warehouses

Canal warehouses

Types of warehousing

1. Private Warehousing

These are owned or leased by the firm. A firm has complete control over its activities. It is used when a firm has special storage and handling needs. A firm uses it when it product is moving to large areas. Private warehousing is used by the firm which has high volume of goods. 2. Public Warehousing:- These are operated by the professionals. They provide the services to the large number of firms. They charge the fee from the firms. A firm may choose the warehousing, keeping in view the location and fright rates. There is no fixed investment involved in it. Fixed costs are widely distributed among users. In this case managerial control is limited.

Maritime fraud

An international trade transaction involves several parties - buyer, seller, ship-owner, charterer, ship's master or crew, insurer, banker or agent. Maritime fraud occurs when one of these parties succeeds, unjustly and illegally, in obtaining money or goods from another party to whom, on the face of it, he has undertaken specific trade, transport and financial obligations.

Maritime fraud occurs when, in a maritime context, one party knowing it to be false, and with the intention of obtaining an illegal benefit, makes a misrepresentation to another party who, believing it to be true, acts upon the misrepresentation to his or her potential detriment, or to the potential detriment of an innocent third party or parties.

The misrepresentation may take any form, it may be by word or deed, written or implied, by way of affirmation or denial and may even be constituted by an omission in appropriate circumstances.

It is a maritime loss when:

Loss or injury to, prejudice or deprivation of property or proprietary rights, b) loss suffered due to deceit, fraudulent misrepresentation, concealment or an act of deliberate dishonesty, and c) the injured party must have acted on the deception or falsehood.

Types of fraud Bunkering Frauds Cargo and document frauds Chartering frauds Port related frauds Blackmail frauds Cyber fraud Fake job ads Information phishing