Shipping Economics & Operations
This specialist course covers all the commercial complexities of owning, managing, timechartering and operating ships. Even if you never need to run your own vessels, it pays to understand the many problems that confront the Shipowner and Ship Manager.
Course content (20 Lessons)
Lesson Topics
- Ship Management — Shipowners — Ship Managers — Time Charterers — The objectives of Ship Management.
- The Management Contract — Agreement between Shipowner and Manager — Analysis of "Shipman" contract.
- The Ship — Common types of dry cargo vessels and tankers, their construction and equipment — Suiting the ship to the trade
- Finance and Computers — Sources and types of ship finance — Mortgages — Depreciation — Computers in shipping.
- Sale and Purchase — Market procedures and negotiations — Delivery — Documentation.
- Ship Registration — Flags — Registered Tonnage — Loadlines — Legislation.
- Manning — Master and Crew — On board tasks — Crew Agreements — Stowaways — Tax and Insurance.
- Chartering — A typical Chartering department — Working the market — Employment choices
- Voyage Estimating — Methods (Manual v Computer) — Practical examples..
- Operations — Before, during and after the voyage — Problems with documents
- Vessel Performance — Analysis — Weather routing — Bunkering — Cargo claims.
- Laytime — Types of laytime — Notice of Readiness — Laytime Exceptions — Demurrage and Despatch — Practical Timesheet examples (Dry Cargo and Tankers).
- Insurance and Legal — Hull insurance — P&I — Collision — Personal Injury — Cargo damage — Strikes — War Risks — General Average — Arbitration.
- Pollution & Salvage — Liabilities & Limitations — International legislation — Contingency plans — Salvage Conventions — Lloyd's Open Form.
- Technical — Surveys — Drydocking — Certificates — Maintenance
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