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overview
Key Learning Objectives
- Understand the types of charter and the commercial, technical and financial obligations of owners and charterers
- Discuss dry and wet cargo charterparty obligations and know who is responsible for what
- Know the relevance of Hague / Hague-Visby/Hamburg/Rotterdam Rules and the advantages and disadvantages of each
- Appreciate the role of port agents and their vital functions and obligations/li>
- U nderstand the role of shipbrokers – for owners or charterers and the best methods of fixing ships and cargoes
- Analyse what can go wrong with wet or dry cargo chartering
- Learn practical voyage estimating, its importance and how it affects laytime calculations
- Mediation, litigation and arbitration – know which will work for your dispute resolution
About the Course
Shipbroking and chartering are two of the most important aspects of ship operations and understanding the commercial and legal considerations in charter negotiations are key to successful maritime transportation of cargoes. All players involved in charter parties, including ship owners, charterers, brokers and agents need to have a firm grasp of the complexities involved in fixing a vessel.
Shipbroking and Chartering is a practical course that covers in detail the obligations of owners and charterers, the relevance of international shipping regulations, the common issues in transporting cargoes and the vital functions of other key players when chartering a vessel. Learn practical voyage estimating, charter negotiation, laytime & demurrage calculation and manage common issues associated with your shipping contracts/documents.
Through a combination of theory, discussion, practical examples and exercises, gain a comprehensive understanding of the fundamentals involved in shipbroking and chartering.
Who Will Benefit
- Shipowners
- Charterers including Importers, Exporters and Traders
- Ship Managers
- Port and ship agents
- Shipbrokers
- Freight forwarders
- Legal advisers
- Government bodies and representatives
- Bankers
Live Online Training
Learn Anywhere, Learn Anytime
Catering to meet all your learning needs:
- Get high quality practical training from our expert instructors
- From Face To Face, Online and Blended Learning, get a superior solution for your learning needs
- Learn live online in an interactive environment
- Invest in yourself. Invest in your team.
Register today for our Live Online Training courses and fi nd out how they can help you transform the way you work. Contact one of our training consultants on training@informa.com.au to find out more.
Testimonials
“The course helps me learn a lot more about the laws governing charter parties, the functions of a ship broker as well as responsibilities of owners/charterers in charter parties”
Bunker Trader, Integr8 Fuels
“The program expands my understanding of shipping practices. I enjoy the new subjects like dry bulk shipping”
Senior Trade Operations, Petronas
“Trainer speaks well and has a lot of knowledge and experience. I learned a lot about bills of lading as well as the differences between UCP500 and UCP600”
Accounting Executive, Dava
Course Outline
SESSION 1
VESSEL EMPLOYMENT METHODS – VOYAGE AND TIME CHARTERING
- Types of charter
- Commercial/Financial/technical responsibilities of owners and charterers
SESSION 2
DRY AND WET CARGO CHARTER PARTY OBLIGATIONS
- Who is responsible for what
- How dry cargo problems differ from tanker cargo problems
SESSION 3
HAGUE/HAGUE-VISBY/HAMBURG/ROTTERDAM RULES
- History and relevance or irrelevance of each set of rules
- Advantages and disadvantages of application of each set of rules
- Why the Hamburg Rules have a small following
- Why the Rotterdam Rules are not yet in force
SESSION 4
BILLS OF LADING
- Main functions
- Endorsement
- Charter Parties
- Letters of Credit/UCP 500 v UCP 600
SESSION 5
THE ROLE OF PORT AGENTS
- Vital functions and obligations – to whom and why
- Less essential (but nevertheless important) obligations
- Agency Law
SESSION 6
THE ROLE OF SHIPBROKERS
- Why brokers for Owners or Charterers
- Exclusive or Direct or Competitive
- International shipbroking markets
- How to negotiate
- How not to negotiate
- The marriage bureau – best methods of fixing ships and cargoes
SESSION 7
CARGOES AND TROUBLES!
- What can go wrong and why – dry cargoes
- What can go wrong and why – wet cargoes
- How to prevent such problems
- Bills of Lading and Letters of Indemnity
SESSION 8
VOYAGE ESTIMATING
- Theory – why it is important
- Practice – how it affects Laytime calculations
SESSION 9
LAYTIME AND DEMURRAGE -THEORY AND WORKED CALCULATIONS
- Theory
- Which documents are essential and why
- How to use and abuse those documents
- Readiness of the vessel
- When the clock starts to tick
- Exceptions and Interruptions
- Dry cargo laytime examples
- Tanker laytime examples
SESSION 10
DISPUTE RESOLUTION METHODS
- Mediation, Litigation, or Arbitration? Why?
- Personnel involved with each of these methods
- Likely costs of each of these methods
- Binding? Precedence?
- Enforcement of international awards, including New York Convention 1958
On-site & in-house training
Deliver this course how you want, where you want, when you want – and save up to 40%! 8+ employees seeking training on the same topic?
Talk to us about an on-site/in-house & customised solution.
contact
Still have a question?
Sushil Kunwar
Training Consultant
+61 (0)2 9080 4395
training@informa.com.au