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