Search Results for: hong Kong

BY MONICA DOBIE
UNDERWRITERS in Hong Kong have set a precedent by invoking a law for the first time that dates back to 1906, to avoid paying a claim on cargo that disappeared in the high seas aboard a phantom ship.…

BY MONICA DOBIE
PHANTOM ships may become less common on the high seas because of a Commonwealth-based law dating back to 1906, that was recently invoked for the first time in a Hong Kong court.

Section 44 of the Chinese territory’s Marine Insurance Act (MIA) says that a theft liability risk does not attach to a ship’s cargo if the ship’s managers had no intention from the outset of sailing to an agreed destination; it was used to defeat insurance claims made against mainland-China based and state-owned defendant China Insurance Company Limited by the owner of missing cargo worth US$2.5 million aboard the merchant vessel, the Pacifica.…

BY PHILIP FINE

AMAZON – the world’s largest online book retailer – could soon be selling clothes. The New York Times has reported several unnamed retail industry executives being approached by the on-line giant. Retailers Nordstrom, Gap, Banana Republic and Old Navy are expected to be first on board for a launch in the coming months.…

BY MARK ROWE
LAUNCHED in America in 1954, Kent is now sold in more than 70 countries and remains the pioneer of the micronite filter. BAT’s premier free-standing lights brand has been earmarked to add competency to BAT’s portfolio in the premium, lights and Adult Smokers Under the Age of 30 (ASU30) segment of the market.…

BY MARK ROWE
HONG Kong’s pork industry has been struck by a cut-throat price war. The row was sparked after two major supermarkets slashed their prices by 30 per cent, prompting retailers to blockade a slaughterhouse accused of offering preferential prices to supermarkets.…

BY ALAN OSBORN
SLOWLY but surely, the world is becoming a little more open and honest in its business transactions. Bribery and corruption have existed as long as people have traded with each other and in some parts of the world remain as matter-of-fact as ever.…

BY MARK ROWE
THE EAST Asian rights holder for cartoon characters such as Garfield is to lower prices for copyright products including books and comics in a groundbreaking attempt to combat rampant counterfeiting and piracy in Thailand. RM Licensing, which is based in Hong Kong, has said that the prices of licensed items will never be more than five per cent higher than the market price of fake products in Bangkok.…

BY MARK ROWE
THE CHINESE Petroleum Corporation (CPC), one of Taiwan’s largest state-owned enterprises, is setting up a joint company with the China mainland counterpart company China National Petroleum Corp (CNPC) to extract and refine oil. CNPC does not have the means to refine crude oil and currently contracts out this work to Japan but is keen to use Taiwan, because it can offer lower coats and is closer to markets in southern China.…

BY MARK ROWE
A CHINESE garment factory has threatened male employees with dismissal if they take a mistress; the practice has become rampant in recent years on the Chinese mainland, usually involving Hong Kong men, and one employer has had enough.…

BY KEITH NUTHALL
IT is common knowledge that deepening concern about terrorism following the September 11 attacks has led to tighter security in the civil aviation industry, but there have also been important implications for the shipping sector. Keith Nuthall reports.…