3 Lessons Learned:

Important Attributes To Evaluate As You Are Buying Davits

When you want to invest in the best dinghy davits, then you have to do good research. This will help you to know the nature of the dinghy davits that you are using. You will also have a good highlight of the quality characteristic of the dinghy davits. You need to have the dealership in dinghy davits that will do a good job. You do not want to have the dealership in dinghy davits that will take advantage. There is a need to settle for the most experienced company when it comes to the installation of the dinghy davits on your boat. If you have decided to install the dinghy davits on your boat, look for the following considerations.

If you want to install the dinghy davits onto your boat, then you will have to look at the quality. Various dealerships have been dealing with the fixing of the dinghy davits. Make sure that you have a good time with the company so that you know the nature of the dinghy davits they deal with. Most of the dealerships have counterfeits dinghy davits so that they make a lot of money. You will even have the contractors that will do a bad job so that you come back for maintenance. It is advisable that you look at the dinghy davits that will be durable. It is also good that you sit down and understand the nature and design of the dinghy davits that will please you.

The next feature of the best dinghy davits is the cost. The whole process of installing the dinghy davits on your ship will require a lot of work. You have to be prepared to pay for the dinghy davits as well as the labour. Again you need to ensure that you select the dealership in dinghy davits that will not disappoint you. Remember that you will have to pay a lot for the dinghy davits and this will mean that you are keen so that you have products worth your money. It is also good that you have in mind the certification of the dealership in dinghy davits. You will note that the company that have a license for dealing with dinghy davits will always do a good job.

Another factor to bear in mind as you are investing in the dinghy davits is trust. As you are choosing the best company that have been dealing with the dinghy davits, you will need to ensure that you look for the one that you are able to rely on. You do not want to have the company with staffs that are greedy. If you are working with a trustworthy company, then you will know that they will take care of your properties. When you fail to be keen, you realize that you make a lot of losses. Then next thing that you have to ensure as you are willing to have a good dinghy davit is to look at the compatibility with your boat.

Lessons Learned About

The Essential Laws of Explained

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Questions About You Must Know the Answers To

The Rights of Maritime Workers

Most countries are experiencing an increased demand for maritime workers. Some people fear to take training that will lead them to maritime jobs. Workers in the maritime industry are exposed to a large number of risks. Understanding the rights of the workers can help to reduce fear among learners to take out the maritime courses. Workers get to have peace of mind with a proper understanding of their rights within the maritime jobs. People can create interest with maritime jobs by reading maritime worker injuries to get a proper understanding of their rights enabling them to have peace of mind.

Individuals working in the maritime industry are protected certain laws. People injured within the workplace due to the negligence of other individuals are entitled to compensation according to Jones act. The workers should be compensated for medical expenses. Pain and suffering of the workers are among the issues that need to be compensated. Present and future loss of wages need to be compensated. The workers should visit maritime worker injuries learn about other losses which need to be compensated. Employers need to have proper understanding of the employee rights to avoid financial losses.

Employers are liable for ensuring the safety of the equipment and proper working conditions. Workers should be trained on the requirements for the given positions. The companies are liable in case of assault of the employees by their co-workers. Proper working conditions is a necessity for the maritime workers. The warning signs should be properly placed for visibility by the workers. Companies should consider maritime worker injuries to understand their responsibilities in ensuring employee safety. Overtime resulting in fatigue calls for compensation of the employees.

The cure and maintenance require employees to get compensation regardless of the incidents in which the accident occurred as long as it’s within their duties. Rent and food of the injured are covered according to maintenance and cure. Marine workers dealing with navigable Waters are entitled to compensation according to the Longshore and harbor workers policies. In case of disabilities, the employees are entitled to compensation. In case of death the dependents such as spouses and children should be compensated according to maritime worker injuries.

In case of accidents the maritime workers should be aware of the right procedures to follow for their compensation. Experienced maritime attorneys are of great importance for the workers to achieve their compensation in case of accidents within their duties. Information regarding the right procedures for the maritime to get compensated can be acquired from maritime worker injuries. Employee should give priority to reputable maritime attorneys.

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Impact Of Technology In Banking

In the world of banking and finance nothing stands still. The biggest change of all is in the, scope of the business of banking. Banking in its traditional from is concerned with the acceptance of deposits from the customers, the lending of surplus of deposited money to suitable customers who wish to borrow and transmission of funds. Apart from traditional business, banks now a days provide a wide range of services to satisfy the financial and non financial needs of all types of customers from the smallest account holder to the largest company and in some cases of non customers. The range of services offered differs from bank to bank depending mainly on the type and size of the bank.

RESERVE BANK’S EARLY INITIATIVES
As a central bank in a developing country, the Reserve Bank of India (RBI) has adopted development of the banking and financial market as one of its prime objectives. “Institutional development” was the hallmark of this approach from 1950s to 1970s. In the 1980s, the Reserve Bank focused on “improvements in the productivity” of the banking sector. Being convinced that technology is the key for improving in productivity, the Reserve Bank took several initiatives to popularize usage of technology by banks in India.

Periodically, almost once in five years since the early 1980s, the Reserve Bank appointed committees and working Groups to deliberate on and recommend the appropriate use of technology by banks give the circumstances and the need. These committees are as follows:
-Rangarajan committee -1 in early 1980s.
-Rangarajan committee -11 in late 1980s.
-Saraf working group in early 1990s.
-Vasudevan working group in late 1990s.
-Barman working group in early 2000s.

Based on the recommendations of these committees and working groups, the Reserve Bank issued suitable guidelines for the banks. In the 1980s, usage of technology for the back office operations of the banks predominated the scene. It was in the form of accounting of transactions and collection of MIS. In the inter-bank payment systems, it was in the form of clearing and settlement using the MICR technology.

Two momentous decisions of the Reserve Bank in the 1990s changed the scenario for ever there are:
a) The prescription of compulsory usage of technology in full measure by the new private sector banks as a precondition of the license and
b) The establishment of an exclusive research institute for banking technology institute for development and Research in Banking Technology.

As the new private sector banks came on the scene as technology-savvy banks and offered several innovative products at the front office for the customers based on technology, the demonstration effect caught on the reset of the banks. Multi channel offerings like machine based (ATMs and pc-Banking), card based (credit/Debit/Smart cards), Communication based (Tele-Banking and Internet Banking) ushered in Anytime and Anywhere Banking by the banks in India. The IDRBT has been instrumental in establishing a safe and secure, state of the art communication backbone in the from of the Indian Financial NETwork (INFINET) as a closed user group exclusively for the banking and financial sector in India.

CHANGING FACE OF BANKING SERVICES
Liberalization brought several changes to Indian service industry. Probably Indian banking industry learnt a tremendous lesson. Pre-liberalization, all we did at a bank was deposit and withdraw money. Service standards were pathetic, but all we could do was grin and bear it. Post-liberalization, the tables have turned. It’s a consumer oriented market there.

Technology is revolutionizing every field of human endeavor and activity. One of them is introduction of information technology into capital market. The internet banking is changing the banking industry and is having the major effects on banking relationship. Web is more important for retail financial services than for many other industries.

Retail banking in India is maturing with time, several products, which further could be customized. Most happening sector is housing loan, which is witnessing a cut-throat competition. The home loans are very popular as they help you to realize your most cherished dream. Interest rates are coming down and market has seen some innovative products as well. Other retail banking products are personal loan, education loan and vehicles loan. Almost every bank and financial institution is offering these products, but it is essential to understand the different aspects of these loan products, which are not mentioned in their colored advertisements.

PLASTIC MONEY
Plastic money was a delicious gift to Indian market. Giving respite from carrying too much cash. Now several new features added to plastic money to make it more attractive. It works on formula purchase now repay later. There are different facts of plastic money credit card is synonyms of all.

Credit card is a financial instrument, which can be used more than once to borrow money or buy products and services on credit. Banks, retail stores and other businesses generally issue these. On the basis of their credit limit, they are of different kinds like classic, gold or silver.

Charged cards-these too carry almost same features as credit cards. The fundamental difference is you can not defer payments charged generally have higher credit limits or some times no credit limits.
Debit cards-this card is may be characterized as accountholder’s mobile ATM, for this you have to have account with any bank offering credit card.

Over the years, the banking sector in India has seen a no. of changes. Most of the banks have begun to take an innovative approach towards banking with the objective of creating more value for customers and consequently, the banks. Some of the significant changes in the banking sector are discussed below.

MOBILE BANKING
Taking advantages of the booming market for mobile phones and cellular services, several banks have introduced mobile banking which allows customers to perform banking transactions using their mobile phones. For instances HDFC has introduced SMS services. Mobile banking has been especially targeted at people who travel frequently and to keep track of their banking transaction.

RURAL BANKING
One of the innovative scheme to be launched in rural banking was the KISAN CREDIT CARD (KCC) SCHMME started in fiscal 1998-1999 by NABARD. KCC mode it easier for framers to purchase important agricultural inputs. In addition to regular agricultural loans, banks to offer several other products geared to the needs of the rural people.

Private sector Banks also realized the potential in rural market. In the early 2000’s ICICI bank began setting up internet kiosks in rural Tamilnadu along with ATM machines.

NRI SERVICES
With a substantial number of Indians having relatives abroad, banks have begun to offer service that allows expatriate Indians to send money more conveniently to relatives India which is one of the major improvements in money transfer.

E-BANKING
E-Banking is becoming increasingly popular among retail banking customers. E-Banking helps in cutting costs by providing cheaper and faster ways of delivering products to customers. It also helps the customer to choose the time, place and method by which he wants to use the services and gives effect to multichannel delivery of service by the bank. This E-Banking is driven by twin engine of “customer-pull and Bank-push”.

CONCLUSION
Technology has been one of the most important factors for the development of mankind. Information and communication technology is the major advent in the field of technology which is used for access, process, storage and dissemination of information electronically. Banking industry is fast growing with the use of technology in the from of ATMs, on-line banking, Telephone banking, Mobile banking etc., plastic card is one of the banking products that cater to the needs of retail segment has seen its number grow in geometric progression in recent years. This growth has been strongly supported by the development of in the field of technology, without which this could not have been possible of course it will change our lifestyle in coming years.

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