Question

describe some of the risks that an ocean shipment faces.

Answer 1

Answer- Some of the risks that an ocean shipment faces-

1.Weather Hazards-It is one of the main risks an ocean shipment faces, it is uncertain in nature and cannot be stopped or controlled by human beings, whether hazards can destroy the ship partially or completely. Sometimes ship sunk into the seas with all cargo which results in a huge loss for the exporter as well as the cargo owner. Hurricanes, sea storms, typhoons, dangerous winds are an example of weather hazards.

2.Technological Hazards-It is a kind of hazard that can be caused any time during the run time of the ship. Technological hazards include engine failure, failure of navigational equipment, etc.

3.Geographical Hazards-These are types of hazards which caused due to the some inside see things like coral reefs ,sandstone ,iceberg etc,these type of hazards also leads to the loss for the exporter as well as owner of the ship.