Torben C' Strand

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Presented by Torben C. Strand Senior Manager
BIMCO Courses
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The science of morals in human conduct or moral
principles rules of conduct.
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Ethics may be defined as that branch of
philosophy, which applies to the great truths of
life to the social relationships of the
individual.
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Obedience to the unenforceable.
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You must not steal shopping trolleys from elderly
women.
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Exxon Valdez. Chernobyl. Barings Bank. I love
you.
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They have to create a company culture.
They have to formulate a policy commitment to
ethical conduct!
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It is part of their culture. We should not impose
our standards on other countries.
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Our money will benefit the area as such. It is a
form of aid to developing countries.
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Others do it, if we dont, we shall not be able
to win any business against our competitors.
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T.I.P.S. To Insure Prompt Service
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Active bribery and corruption involve offering or
seeking money, pledges or benefits in exchange
for favours.
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Passive bribery and corruption involve a person
accepting gifts, money, pledges or benefits in
exchange for which the person who accepts misuses
his position by favouring the giver.
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THE TEST Is the value of the gift too small for
any reasonable person to believe that it was a
factor in concluding the business
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Would you tell your boss?
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• Receipt
• Evidence of the Contract of Carriage
• Document of Title

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• To indemnify you and to hold you harmless in
  respect of any liability or expenses of
  whatsoever nature which you may sustain by reason
  of signing this bill of lading in accordance with
  our request.

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• In the event of any proceedings being commenced
  against you in connection with the delivery of
  the cargo to provide you on demand with
  sufficient funds to defend the same.

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• This indemnity shall be governed by and construed
  in accordance with English law and each and every
  person liable under this indemnity shall at your
  request submit to the jurisdiction of the High
  Court of Justice of England.

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Confirm telcon here recap fixture sub
details or GENCON CP sub dets
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Would you settle an invoice if you knew that the
figure was to the disadvantage of the other party?
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If you were selling one of your companys ships
and knew about a subtle but serious problem,
would you tell prospective buyers?
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A friend tells you of a merger between two large
shipping lines that his cousin, who worked on the
deal, just told him about in confidence. If the
story convinced you a fortune could be made on
the companys stock, would you buy it?
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If you are a broker and you left your company for
a better position with a competitor, might you
reveal to your new employer the confidential
circulation lists and other contacts of your old
firm?
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If you hired a new employee and he refused to
tell you some important confidential information
about his previous employer, would you value him
more or less?
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Would you pay a very high commission to an
off-shore bank account without asking questions
if you were otherwise happy with the deal?
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A man without ethics is a wild beast loosed upon
this world.