Inchcape Shipping Services Senior Accounts Payable Executive Interview Questions and Answers

India has multiple ports located along its coastline.

• India has 13 major ports and around 200 minor ports.

• Some of the major ports in India include Mumbai Port, Chennai Port, Kolkata Port, and Jawaharlal Nehru Port Trust.

• These ports play a crucial role in facilitating international trade and commerce.

• They handle a wide range of cargo including containers, petroleum products, coal, iron ore, and more.

• The ports are managed...read more

Ship management involves overseeing the operations and maintenance of ships.

• Ship management involves the overall management of a ship's operations, including crew management, maintenance, and safety.

• It includes ensuring compliance with international regulations and standards, such as the International Safety Management (ISM) Code.

• Ship managers are responsible for coordinating various activities, such as vessel inspecti...read more

Marine procurement is the process of acquiring goods and services for marine operations.

• It involves sourcing and purchasing equipment, supplies, and services for marine vessels and facilities.

• Marine procurement also includes managing inventory and logistics for these goods and services.

• Examples of marine procurement items include fuel, spare parts, safety equipment, and maintenance services.

• Effective marine procurement...read more

Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence, or other factors.

• Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet.

• It is calculated by dividing the cost of the asset by its useful life.

• There are different methods of calculating depreciation, such as straight-line, declining balance, and sum-of-the-years-digits.

• Examples of assets th...read more