Answer the below four questions in accordance with the below placed case. Turkish citizens X and Y and English citizen Z decide to buy a ship (M/V Demir) from S on 1st of November 2016. Y puts 30.000 TL, X puts 300.000 TL and Z puts 320.000 TL in order to register and operate the ship under the participated owner's entire name and under special commercial title. The participated owners have agreed on the carriage of 100 containers of tomato from Izmir to Hamburg on 10th of November 2016 with cargo owner X. 1. Determine the ship M/V Demir is a "commercial" one. When answering this question consider that; the ship is carrying one of the owners' goods and the difference in between previous and new Turkish Commercial Code in terms of the definition of a commercial ship. Why it is important to determine whether the ship is a commercial one or not? (30 points) 2. What type of participation that X, Y and Z are involved? Can this ship fly the Turkish flag and get benefit from the right of cabotage? Briefly explain your groundings separately. (30 points) 1 3. What is the missing information to determine whether this vessel "should be registered to Turkish National Ship Registry? Assume that the ship will be moved to Turkish International Ship Registry but has mortgage right on her records; discuss the possibility of this transaction. (20 points) 4. Determine the contracts and their parties conducted in the above case. Are there any special forms to be obeyed for their validity? (20 points) Answer the below four questions in accordance with the below placed case. Turkish citizens X and Y and English citizen Z decide to buy a ship (M/V Demir) from S on 1st of November 2016. Y puts 30.000 TL, X puts 300.000 TL and Z puts 320.000 TL in order to register and operate the ship under the participated owner's entire name and under special commercial title. The participated owners have agreed on the carriage of 100 containers of tomato from Izmir to Hamburg on 10th of November 2016 with cargo owner X. 1. Determine the ship M/V Demir is a "commercial" one. When answering this question consider that; the ship is carrying one of the owners' goods and the difference in between previous and new Turkish Commercial Code in terms of the definition of a commercial ship. Why it is important to determine whether the ship is a commercial one or not? (30 points) 2. What type of participation that X, Y and Z are involved? Can this ship fly the Turkish flag and get benefit from the right of cabotage? Briefly explain your groundings separately. (30 points) 1 3. What is the missing information to determine whether this vessel "should be registered to Turkish National Ship Registry? Assume that the ship will be moved to Turkish International Ship Registry but has mortgage right on her records; discuss the possibility of this transaction. (20 points) 4. Determine the contracts and their parties conducted in the above case. Are there any special forms to be obeyed for their validity? (20 points)