Situation problem and solution and evaluation Essay

Situation problem and solution and evaluation - Essay Example Burning of fossil fuels results in green house gas emission (Adger, 2005, p.23). It pollutes the atmosphere. On the other hand, deforestation results in lesser rain. Limited reserve of rain water is increasing the temperature of earth’s surface. Global warming can negatively impact on the survival of earth’s life. Just a difference of few degrees in the earth’s average temperature can result major climate change (Arnold, 2011, p.121). Whole world is experiencing this climate change since 19th century. Global warming has become one of the most important global phenomenons. Greenhouse Gas emission is the major consequence of global climate change or global warming. All countries are co-operating with each other and collaboratively trying to minimize the impact of global warming on the society. Increasing green house gas emission due to unethical business practices of several organizations is posing real threat for future generation. It is assumed that if the greenh ouse gas emission increases at continuous rate, then several animal species can get wiped out from earth within next 100 years (Jamieson, 1992, pp.139-153). It is important to control the greenhouse gas emission in order to control the effect of global warming. Problem Both greenhouse gas emission and global worming have critical intergenerational effects. Carbon dioxide is considered as the most deadly and prominent greenhouse gas. The temporal diffusion of climate change can develop various collective ethical problems. Environmental damage and global climate change become most critical global threats (Maslin, 2007, p.43). Heating up of earth’s surface due to carbon dioxide and methane gas emission is prominently affecting modern civilization. Several unethical human activities are responsible for this rapid global climate change. People are trying to implement the potential opportunities that are developed due through globalization and modern technology (Postel and Richter, 2003, pp.34-35). Number of consumption of vehicles rapidly increased over last few decades. Every single individual are trying to satisfy their comfort level by application of advanced technological instruments. Refrigerators and washing machines are important daily-life consumer durable goods. Global warming is the consequence of increasing Ozone layer in atmosphere (Rijseberman, 2006, p.12). Deadly CFC released into the atmosphere by the havoc usage of refrigerators and washing machines. Moreover, consumption of fossil fuels largely increased over past few decades. Burning of fossil fuels increases the emission of methane and carbon dioxide. The number of serious human diseases, such as cancer, TB, mental disorder and respiratory problem are increasing due to atmospheric pollution and increasing GHG emission (Vanderheiden, 2008, p.34). Deforestation is highly responsible for loss of rainfall. Water is the source of life. People are cutting down rain forest in order to develop ind ustries and complexes. Day-by-day, several species of birds are wiping out from earth due to deforestation. It is affecting ecological balance as each and every animal has effective contribution in effective ecological balance. Solution It is clear from the above discussion that government of all the countries, leading global organizations and present human generation has the responsibility to control and reduce the effect of global warming. Following

Banking and Insurance Law Essay Example | Topics and Well Written Essays - 2750 words

Banking and Insurance Law - Essay Example Letters of Credit (LCs) is an instrument of maritime trade which has long been acclaimed as the nerve center of international trade. LCs are not "contracts" or "surety ship obligations" or "negotiable instruments" or an "agency agreements", but separate independent obligations to be interpreted on their own terms and conditions without reference to any other documents. ... or non-performance; transfer, assignment and back-to-back LCs; wrongful dishonor and anticipatory repudiation of it etc.UCPDC have technical rounded-up the standardized procedures and definitions on types of credit, teletransmitted and pre-advised credits, standard for examination of documents, discrepant documents and notice, disclaimer on effectiveness of documents, disclaimer on the transmission of messages, Force Majeure, bank-to-bank reimbursement arrangements, ambiguity as to the issuers of documents, unspecified, issuers or contents of documents, issuance date of documents v. credit date, Marine/Ocean Bill of Lading, Non-Negotiable Sea Waybill, Charter Party Bill of Lading, Multimodal Transport Document, Air Transport Document, Road, Rail or Inland Waterway Transport Documents, Courier and Post Receipts, Transport Documents Issued by Freight Forwarders, 'On Deck', 'Shipper's Load and Count', Name of Consignor, Clean Transport Documents, Freight Payable/Prepaid Transport Documents, Insurance Documents, Type of Insurance Cover, Commercial Invoices etc (UCPDC 500, 1993).In fact complete codified instructions on documentary credits can be had only through joint readings of the UCPDC and universal commercial codes (UCC). Despite the support of uniformity and standardization provided by provisions of UCPDC and UCC disputed transactions have grown multifold in maritime trade. Some of these disputes were genuine trade disputes and could be resolved by fulfillment of deficiencies whereas a good number of them were categorized as trade malpractices with the primary objective of defrauding the other part(ies).It is the latter category of documentary credit transactions which forms the focus of this paper and the general leeway given to fraudulent parties by English