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Home / Project Management Articles and News / JP Morgan Owned Transport Vessel Seized with $1.3b in Cocaine (2019)

JP Morgan Owned Transport Vessel Seized with $1.3b in Cocaine (2019)

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Ethics Case Controversy
On June 17, 2019, the USA Customs and Border Safety seized 20 tons of cocaine which had been enclosed inside the delivery containers aboard the MSC Gayane in Philadelphia, OA because it travelled from Chile to Europe. This makes it one of many largest seizures of cocaine within the historical past of the USA. The Gayane is a delivery vessel that’s owned by JP Morgan and leased out to the Mediterranean Transport Firm. The 20 tons of cocaine had been hidden inside delivery containers whose seals had been taken off and changed with close to equivalent ones.
The state of affairs and JP Morgan’s subsequent silence on the incident has introduced up questions on whether or not the group was concerned with any of the drug trafficking. As a result of JP Morgan is simply the proprietor, we’d wish to take a look at whether or not the Mediterranean Transport Firm may very well be at fault right here. The case is at present being investigated by the USA Authorities.

Stakeholders
The stakeholders on this case could be: JP Morgan, the Mediterranean Transport Firm, drug sellers, and cocaine customers. Because the Gayane is a vessel owned by JP Morgan, any flawed doings can be linked again to them. JP Morgan wants to verify it has management over the sorts of operations occurring on board to stop scandals that may break the bank.

Individualism
An Individualist would view JP Morgan’s conduct as moral because the group was not knowingly partaking in drug trafficking. Individualism is the concept companies ought to be targeted on making as a lot revenue however doing so legally (Salazar 17). As a result of JP Morgan is leasing the vessel to a different group, they’re receiving funds for principal plus curiosity. They are not receiving cash from the transportation of medication. In line with a July 2019 Wall Road Journal article, the folks making the most of this had been those getting cocaine on board (Paris).

Utilitarianism
A Utilitarian may view this as unethical when taking the shortage of response by JP Morgan into consideration. Utilitarianism is the speculation {that a} enterprise resolution ought to be made to verify the happiness of everybody affected is maximized (Salazar 19). As a result of JP Morgan solely owns the ship, they don’t seem to be those answerable for loading cargo and transporting it. When a state of affairs like an enormous drug bust happens and your identify is hooked up to the scandal, you’d wish to reply and clear your identify. Nonetheless, JP Morgan hasn’t carried out so. This will result in most of the people or shareholders to be disgruntled as a result of they wish to know what the corporate has to say about it.

Kantianism
A Kantian would view JP Morgan as moral on this state of affairs. In Kantianism, a call is made rationally and with respect for everybody concerned (Salazar 20). JP Morgan decided to go together with one of many high delivery firms on the planet as a result of the possibilities they’d enable one thing like this to happen could be very slim. Though drug trafficking by means of delivery vessels is on the rise, it might be unreasonable to name out a company for utilizing a ship. Inside Kantianism is the formulation of humanity. It states that it’s “flawed to make use of folks as mere means to get what you need” (Salazar 22). JP Morgan doesn’t violate the formulation of humanity on this case as they had been simply conducting a traditional enterprise deal, not making an attempt to drag a quick one on the delivery firm. Additionally included in Kantianism is the motivation of a company. The motivation of JP Morgan could be impartial as they had been considering that their ship was getting used for regular enterprise use.

Advantage Principle
Advantage Theorists would doubtless not view this as moral primarily due to the response by JP Morgan. Advantage Principle is an moral idea primarily based on somebody’s character. The 4 predominant virtues are: braveness, honesty, temperance, and justice. Being brave means that you could arise for what is correct. On this case, JP Morgan didn’t showcase this by not taking motion after the incident. They’ve stayed silent on the problem, the place they very effectively may have despatched out a press launch or speak to the delivery firm a few potential resolution. JP Morgan has not talked about this example which places them in an unfavorable place within the sincere class. As soon as once more, had they launched a press release saying they’re wanting in to the state of affairs, they’d have proven honesty. JP Morgan has proven the attribute of temperance, which is to have sensible expectations. When JP Morgan leased out their vessel, their expectations had been to obtain funds.. Thats all they needed from the deal; they’d no concept that the transportation of medication was occurring. JP Morgan has general been simply of their intentions with the vessel, simply not on offering updates in regards to the state of affairs.

Justified Ethics Analysis
I don’t suppose JP Morgan has dedicated any flawed doing throughout this incident. They’re simply the homeowners of the ship and determined to lease it out for a delivery firm to make use of. JP Morgan didn’t rent the crew that introduced the cocaine aboard. I believe that JP Morgan may have talked about it somewhat bit to indicate they don’t seem to be simply ignoring it. JP Morgan may additionally speak to the delivery firm about potential modifications to how they deal with the ship. The corporate acted ethically all through all the incident.

P. Perzanowski

References

Brito, Christopher, and Jason Silverstein. “Ship Seized in $1.Three Billion Cocaine Bust Is Owned by
JP Morgan Chase.” CBS Information, CBS Interactive, 11 July 2019,
www.cbsnews.com/information/ship-seized-in-1-3-billion-cocaine-bust-is-owned-by-jp-morgan
-chase/.
Mohamed, Theron. “four Stunning Details in regards to the $1 Billion Value of Cocaine Discovered on a Ship
Owned by JPMorgan | Markets Insider.” Enterprise Insider, Enterprise Insider,
markets.businessinsider.com/information/shares/cocaine-ship-jpmorgan-boat-liberian-flag-1-bill
ion-drugs-surprising-2019-7-1028346364#the-sheer-quantity-of-cocaine1.
Paris, Costas. “Inside Transport’s Report Cocaine Bust.” The Wall Road Journal, Dow Jones &
Firm, 24 July 2019,
www.wsj.com/articles/inside-shippings-record-cocaine-bust-11563960604.
Salazar, Heather. The Enterprise Ethics Case Handbook.
Sandler, Rachel. “U.S. Authorities Seize 20 Tons Of Cocaine From Ship Owned By JP Morgan.”
Forbes, Forbes Journal, 12 July 2019,
www.forbes.com/websites/rachelsandler/2019/07/11/us-authorities-seize-20-tons-of-cocaine-f
rom-ship-owned-by-jp-morgan/#5e1441e2ea33.





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