Course Introduction
This training course is designed to prepare the delegates for Vessels chartering types and concepts. This beneficial knowledge will directly lead for keeping the world’s shipping fleet in business.
The Vessel Charterers needs to be in touch with the market to find the most suitable and cost-effective transport options. The Ship Brokers or ship owners should be familiar with the arrangements to hire or charter ships to get the cargoes to their clients by the most cost-effective and timely means.
This training course will highlight the following;
- Classification of Chartering Market
- Flag States and its Role in the Maritime Industry
- Maritime Governance and Shipping Regulations
- Maritime Conventions
- Ship Chartering and Broking Process
- Charter Party Common Clauses and Concepts
- Chartering Documents
- Ship Management and Logistics
- Maritime Liabilities And Marine Insurance
Course Objectives
This training course is aimed at developing an appreciation of the key practical issues for anyone involved with the Vessel Chartering or Brokerage Operations.
This training course focuses on developing the attendees’ skills, knowledge and expertise required for a successful career in the demanding and highly competitive world of Shipping.
The main objectives of this training course shall include:
- The Market Players in Chartering
- The Role of the Shipbroker
- International Organizations and its conventions
- Private Organizations (NGO’s) roles & Regulations
- Types of Vessel’s Charter Parties
- Legal Aspects between the Owning, Operating & Chartering Partners
- Glossary of Chartering Terms
- Interruption of lay time (weekends/holidays, shifting, strikes, breakdowns)
- INCOTERMS and CIF, CFR and FOB export sales.
- Bill of Lading main types and commercial functions.
- Ship Operations and Management
- Basic principles of marine insurance as a contract of indemnity.
- Insurance claims settlement, subrogation and recovery claims
- Economic Parameters of Sea-Going Vessels
- The Implication of The Existing and Future Structure of the Maritime Trade
- LNG carrier rental prices reach record levels.
Who Should Attend?
This training course is highly recommended for new entrants to the shipping industry, staff in liner shipping companies, chartering, and trading companies. It is particularly useful for staff involved in day-to-day ship chartering & hiring operations or administration such as
- Charterers, Shippers and Maritime Attorneys
- Contract Professionals / Negotiators
- Procurement Personnel
- Chartering Personnel
- Legal Advisors / Personnel
- Freight Forwarders
- Shipping Agents
- Marine Insurers
- Legal Advisors
- Individuals that are looking to expand shipping and international sea-trade knowledge.
- Fresh entrants to the industry whose job responsibilities depend on rapid absorption of specialist knowledge of the Charterer industry.
- Shipping company owners, directors and senior manager.
Course Outline
Introduction to Ship Chartering, Maritime Governance and Shipping Regulations
- Introduction to Ship Chartering
- What is Ship Chartering?
- Basic Terms Used In Shipping
- Classification of Chartering Market
- Ship Characteristics
- Ship Classification Societies
- Flag States and its Role in the Maritime Industry
- The Market Players in Chartering
- The Role of the Shipbroker
- Maritime Governance and Shipping Regulations
- International Organizations
- IMO, ILO & UNCTAD
- Private Organizations (NGO’s)
- ICS, BIMCO, IACS, INTERTANKO, INTERCARGO & INCOTERMS
- Maritime Conventions
- SOLAS, MARPOL, STCW & MLC
- UNLCOS
- Flag State and Port State control.
- International Organizations
Ship Chartering & Broking Process and Charter Party Common Clauses
- Ship Chartering & Broking Process
- Types of Vessels
- Types of Vessel’s Charter Parties
- Time Charter
- Voyage Charter
- Pare Boat
- Legal Aspects between the Owning, Operating & Chartering Partners
- General and additional Clauses of the Charter Party
- Responsibilities Owners & Charters under time/voyage charters
- The responsibility of the Master, Officers and Engineers
- Shipbroking and Chartering
- Shipbroker – Origin and Practice
- Brokers and their functions
- Tanker Chartering
- Charter Party Common Clauses
- INCOTERMS and CIF, CFR and FOB export sales.
- The Concept of Seaworthiness
- Glossary of Chartering Terms
- Charter Party Clauses
- Laycan, Lay time, Notice of Readiness, Demurrage & Dispatch
- Clauses associated with Costs
- Interruption of lay time (weekends/holidays, shifting, strikes, breakdowns)
Chartering Documents & Ship Management and Logistics
- Chartering Documents
- Charter Party
- Bill of Lading main types and commercial functions.
- The Hague, Hague Visby and Hamburg Rules and their legal impact on the parties to a Bill of Lading.
- Commercial Invoice
- Cargo Manifest
- Booking Note
- Cargo Documents
- Bill of Lading, Cargo Manifest, Certificate of Origin, Certificate of Quality, Notes of Protests, Statement of Facts & SSSCL
- Ship Management and Logistics
- Roles of Departments in a shipping company
- Ship Operations and Management
- Port Agency, Liner Agency & Freight Forwarder
- Transporting Cargo
- Methods of Transporting Cargo
- Cargo Handling Equipment
Maritime Liabilities & Marine Insurance
- Maritime Liabilities
- Shipowner loss & liabilities
- Collisions, jetty contacts and groundings
- Hull and engine damage repairs and time lost
- Cargo damage, pollution, crew injury and death
- Sinking and total loss
- Charterer liabilities:
- Unsafe port and berth claims by shipowners
- Stevedore damage
- Contaminated bunker fuel damage to ship’s engines
- Bunker pollution
- Cargo owner loss & liabilities
- Cargo damage, total loss or CTL while in transit.
- Cargo theft and piracy.
- Shipowner loss & liabilities
- Marine Insurance
- What is Marine Insurance
- Principles of Marine Insurance
- Functions of Marine Insurance
- Basic principles of marine insurance as a contract of indemnity.
- Marine Insurance Policies
- Types of Marine Insurance
- Insurance claims settlement, subrogation and recovery claims
- The International Group of P and I Clubs
Factors Affecting the Vessel Management of Operational / Economical Parameters
- Vessel Management & Operational
- Ship Management
- Technical Management
- Economical Management
- Economic Parameters of Sea-Going Vessels (Shipping terminology, Ship’s tonnage (weight, displacement, capacity)
- Ship Measurements
- Tonnage
- Capacities
- Vessel Certificates
- Requirements According to Vessel Type
- Requirements According to Navigational Geographical Areas
- The Implication of The Existing and Future Structure of the Maritime Trade and The current Fleet
- Registering Flag Requirements
- Challenges for Vessel Registry
- Ship Management
- Vessel Economical Parameters
- Procedures and processes for preparing the ship before handing it over to the charterer.
- LNG carrier rental prices reach record levels.