Shipbroking & Chartering Practices

Main Topics of Study

Introduction to Chartering and Shipbroking

  • Roles of Shipbrokers and Chartering Agents
  • Benefits associated with the work of shipbrokers
  • Types and functions of shipbrokers
  • Types of charterparties
  • Functions associated with Chartering

Chartering Activities

  • Chartering negotiations
  • Voyage and time charters
  • Chartering procedures
  • Offers and counter offers
  • Ethical considerations and market practices

Voyage and Time Charterparties

  • Voyage and Time charterparties documentation
  • Differences between voyage and time charter activities
  • Elements and clauses of voyage charterparies
  • Elements and clauses of time charterparties

Voyage estimating

  • Benefits associated with the calculation of voyage estimates
  • Bunkers, ports and distances, load line zones
  • Techniques and approaches used in voyage estimate calculations
  • Applications of voyage estimates

Laytime calculations

  • Relevance of charterparties
  • Time sheets
  • Preparation of timesheets
  • Statement of facts
  • Applications and practical value of laytime calculations

Dry Cargo Chartering

  • Key features of Dry Cargo Chartering operations
  • Types of ships and ship specifications
  • Vessel utilisation
  • Dry bulk cargo fleet and specifications
  • Types of dry bulk cargoes
  • Transport considerations of different types of dry cargo
  • Ports and key characteristics
  • Exporters and importers

Tanker Chartering

  • Differences between Dry Cargo Chartering and Tanker Chartering
  • Sale and purchase activities
  • Role and contributions of charterparties
  • Elements of different contracts relating to Tanker Chartering
  • Characteristics of Tanker Chartering market
  • Factors affecting the operations of the market