Exercise

Exercise 1
Hung Vuong Vsl with an insurance value of 10mil USD – transported
cargoes of shipper A (rice, 1.5 mil in value), and Shipper B (tea, 2.5 mil in
value), Shipper C (coffee, 3.5 mil in value). The ship suddenly met a storm
and Master decided to throw the cargo of shipper A, a loss of 1 mil, for the
safety of the whole trip.
Freight of all cargoes that will be collected at the destination is 500,000usd.
The master also decided to speed up the vessel, avoiding the storm area.
At the port of destination, the master announced GA and asked all the
shippers to pay a deposit. The repair cost of the machine is 200,000usd.
Calculate the contribution to this GA.
Exercise 2
Rich Queen Vessel with insurance value of 20mil USD, transported cargoes of
Company 1 (rice, 1 mil in value), and Company 2 (tea, 2 mil in value), Company 3
(coffee, 3 mil in value).
During the trip, the storm came and blew away 500,000 USD of coffee in the sea.
The master decided to threw the cargo of Company 3, a loss of 1 mil, for the safety
of the whole trip.
Freight of all cargoes that will be collected at the destination is 300,000usd.
The master also decided to speed up the vessel, avoiding the storm area. At the port
of destination, the master announced GA and asked all the shippers to pay a
deposit. The repair cost of the machine is 250,000usd. Calculate the contribution to
this GA
Exercise 3
Poseidon Vessel with insurance value of 100mil transported cargoes of Company 1
(rice, 1 mil in value), and Company 2 (tea, 2 mil in value), Company 3 (coffee, 3 mil in
value).
During the trip, the storm came and blew away 500,000usd of coffee in the sea. The
master decided to throw cargo of Company 3, loss of 1 mil, for the safety of the
whole trip.
Freight of all cargoes that has been paid 300,000usd.
The master also decided to speed up the vessel, avoiding the storm area. At the port
of destination, the master announced GA and asked all the shipper to pay the
deposit. The repair cost of the machine is 250,000usd. Calculate the contribution to
this GA
Exercise 4
A vessel with insurance value 10mil transported cargo of shipper
A(1mil) and shipper B (2mil), freight to collect was 300,000USD.
During the shipment, the storm came and blew away 200,000USD of
shipper B. The master decided to throw the cargo of shipper A
(200,000USD) into the sea and speed up the engine of vessel.
At the port of destination, the master declared G/A and asked
shipper A and shipper B pay the bond for G/A. The repair cost of
engine was 300,000USD. Calculate the contribution to this GA