Question: BACKGROUND AND OBJECTIVE Power Plant International is scheduled to import a GT 6 Bladed Rotor. Exported in April 10th 2022, it is now ready for importation and installation at the power plant. Timely arrival is critical since the non- availability of the unit is costing the company 1 million US dollar penalties per day. The unit is scheduled for installation
Show transcribed image textIndeed, even the most painstakingly arranged undertaking can run into inconvenience. Regardless of how well you plan, your venture can generally experience unforeseen issues. Colleagues become ill or stopped, assets that you were relying upon end up…View the full answerTranscribed image text: BACKGROUND AND OBJECTIVE Power Plant International is scheduled to import a GT 6 Bladed Rotor. Exported in April 10th 2022, it is now ready for importation and installation at the power plant. Timely arrival is critical since the non- availability of the unit is costing the company 1 million US dollar penalties per day. The unit is scheduled for installation on November 1st 2022. MOVEMENT SCHEDULE 1 Pickup and inland – 1 day 2 Sailing circa 15 days 3 Local clearance and delivery – 2 days – MOVEMENT SCHEDULE 1 Pickup and inland – 1 day 2 Sailing – circa 15 days 3 Local clearance and delivery – 2 days VESSEL ROUTINGS 1 Houston / Port of Guaira / PTL POTENTIAL LOGISTICS CHALLENGES AHEAD 1 – At the Houston port, delays in loading cargo may arise 2 – The vessel is being shipped in the hurricane season and stormy weather is anticipated on the day of loading 2 – Offloading from the vessel at Point Lisas port 3 – Possibility of damage at Houston port 4 – The agent or supplier not following proper lifting protocol 5 – Sea blast during inclement weather 6 – Industrial unrest at the Port of Guaira 7 – Unsuitable incoterms for the shipment 8 – Injury of workmen causing delay in loading 9 – Poor choice of shipper leading to damaged ship and incompetent crew 10 – Berthing delay due to rough seas Freight forwarder’s plan: Collect cargo on the 10 of October. 1. 2. 3. 4. Deliver to Houston port on the 14th October Load on the ship on the afternoon of the 16th October Arrive at port in Venezuela on the 25th October Deliver to port of Point Lisas on the 28th October a. Develop and discuss a risk assessment plan for the foreseeable challenges ahead. Consideration must be given to the choice of incoterms and transport mode applied in your review. Any risk template of the learners choice can be used for this scenario.(25 marks) ROTOR MOVE RISK 2 3 5 A IDENTIFIED RISK / CHALLENGES B C D PROBABILITY IMPACT SCORE (1-5) (1-5) (B x C) SUPPLY CHAIN DEPARTMENT RISK TEMPLATE – GT 6 ROTOR 0 0 0 a a 0 0 0 0 E RISK F PLANT SERVICEABILITY IMPACT BUSINESS IMPACT H EXTREME HIGH MEDIUM LOW RISK MITIGATION / CONTINGENCY PLAN careful coordination of mave in line affecting power penalty from client for not meeting required reliability in the medium with shipping line. All parties that is logistics, freight forwarder and inspector now in standby mode mega watts in the contract to long term ACTION STATUS an gaing