Abstract:
ABC shipping (private) Limited is a limited liability company incorporated in Sri
Lankan and registered under the companies Act no 7 of 2007.It is a
transportation Company. Company owns a ship which is called as “Meritine”.
The principle activity of this Company is transporting gas & fuel by using this
ship.
Generally there are two cylinders in every ship in order to balance the ship. Most
of the ships have filled these cylinders by using oil but here, this ship has used
gas to fill these cylinders. Normally this ship is repaired once per every four
years. When repairing ship, the gas filled in the cylinders will release to the air
which would be a lost to the company.
