Build your understanding of the components, the terminology and the dynamics of ship broking and chartering, and confidently clarify many of the misconceptions that surround it. Key Learning Outcomes
Understand shipbroking _ the profession, its origins, purpose and commercial relevance
Explain shipping abbreviations _ their origins, meaning and the risks that their usage can bring
Recognise alternative chartering strategies
Understand the charter party _ its usage, purpose and legal influence on a charter agreement
Comprehend CFR vs FOB sale terms
Analyse voyage estimating _ how ship owners determine freight rates
Identify laytime definitions
Gain a working knowledge of bills of lading
Learn about arbitration and litigation
About the Course
Shipbrokers are the key to a transaction between a ship owner and the shippers of cargo.
The broker is involved in many stages of a deal: presenting the business to potential clients, negotiating the main terms of a contract, finalising the details of the contract and following the deal through. Brokers provide clients with market intelligence and advice.
Charterparties are one of the key contracts used by brokers in the shipping industry _ an industry worth billions of dollars. They are complex and detailed contracts, and using them with clarity and confidence will provide definite commercial advantage.
This course reviews the shipping industry in general from a chartering context, and touches on maritime law, insurance, charter party negotiation, contract documentation and post fixture operational administration.
This course is designed to give all those working with charterparties, including brokers, owners, charterers, operations department staff, lenders and insurers, a practical and commercial grounding.
Time: 9:00 am - 5:00 pm
Price: $2744.50 AUD
+61 2 9080 4307