Course Description

The shipping industry is responsible for transporting 90% of the world’s trade. The safety record of shipping is the envy of shore-based transport sectors and is by far the most environmentally friendly form of transport. The shipping industry is a truly global community. It is intrinsically international; indeed it was the very first global industry. Because of the international nature of shipping it is regulated by United Nations agencies and the International Maritime Organization (which is based in London) in particular. Modern shipping involves companies from every nation on the planet and virtually every nationality is represented in the seafaring population and the industry’s shore-based workforce. This training course covers the basics of shipping

Course Goal

To enhance the participants’ knowledge, skills, and abilities necessary to understand the essentials of business practice and the elements of shipping business

Course Objectives

By the end of this course, the participant will be able to:

1.  Understand contracts of carriage

2.  Be familiar with law of carriage

3.  Be familiar with the basics of accounting

Course Outline

• Commercial Geography

1. Continents
2. Oceans
3. Currents and Tides
4. Weather and Climate
5. Canals and Waterways
6. Geographical Regions
7. Location of Major Countries and Ports
8. Latitude and Longitude.

•  International Trade

1. Global Markets and the Need for Shipping.

• Cargoes and Trade Routes

1. The role of Liners and Tramps
2. The Dry Bulk Trades.
3. The Oil and Other Liquid Trades.
4. Manufactured Goods.
5. Origins and Distributors of Principal Cargoes and Trades.

•  Ship Types

1. Bulk Carriers
2. Tankers
3. Containerships
4. Ro-Ro and General Purpose Vessels.

•  Contracts of Carriage

1. The Basic Anatomy of Voyage and Time Charter Parties
2. The Main Specialist Terms and Expressions.
3. Basic Functions of the Bill of Lading with a Comparison of its Role in the Liner and Tramp Trades.

• Law of Carriage

1. The Fundamental Difference between Contract and Tort.
2. Hague/Hague-Visby/Hamburg Rules.
3. The Role of International Conventions.
4. Legal Aspects of Bills of Lading.
5. The Role of Marine Insurance and P and I Associations.

• Ship Registration and Classification

1. Flag State, Offshore Registers and Flags of Convenience
2. The Function of Classification Societies.

• The Practitioners in Shipping Business

1. Principals

• Ship-Owners
• Charterers
• Shippers and NVOCs

2. Intermediaries

• Dry Cargo Chartering Brokers
• Tanker Chartering Brokers
• Ship Sale and Purchase Brokers
• Port Agents
• Liner Agents
• Ship Managers
• Freight Forwarders