Curriculum
A four-day seminar
Being an expert in one field is no longer enough - an awareness of the whole business is essential. Environmental issues impact economics. Political shifts open up threats and opportunities. Changes in law, finance, marketing, energy and technology all create fresh challenges. Couple these issues with the worst trading conditions since the Great Depression and it is little wonder that senior executives are desperately seeking guidance.
The 'Business of Shipping' intensive four-day course provides answers to the challenging issues of today’s market. It is ideal not only for the senior executive seeking guidance but also for someone needing the big picture, for those whose roles have recently changed and for anyone entering the shipping industry for the first time.
Please note: this programme may be subject to alterations.
Overview
- Introduction to the Shipping Players and Markets
- How does a Ship Owner make Money
- Capital Markets
- Chartering Markets: Voyage versus Time Charter
- Demolition Market
- International Institutions and their Role in Shipping
- Ship Types and Their Commercial Earning Power
Finance and Ship Acquisition
- The Shipbuilding Market
- Sale and Purchase Markets
- Principles of Ship Finance
- Debt versus Equity Funding
- Banks versus Capital Markets
Technical Ship Management
- Maintenance and Repair
- Fuel Issues
- Flag of Registry
- Why Shipowners choose “Flags of Convenience”
- Third-Party Ship Managers and the Services they Provide
Commercial Ship Management
- The Role of the Classification in Shipping
- Crewing Issues Looming over the Horizon
- Tramp Shipping and Vessel Employment
Commercial Shipping Law
- Legal Framework of a Single-Purpose Shipping Company
- Flag and Mortgage Registration
- Position of the Bank
- Arrest or Attachment
- Limitation of Liability
- Commercial Law
- Charter Parties
- Key Features of a Contract
- Types of Charter Parties
- Risk Allocation between Owner and Charterer
- Bill of Lading
- Carriage of Goods by Sea Regulation
- Hague, Hague-Visby and Hamburg Rules
- Rotterdam Rules
- Time Bars and Limits of Liability
- Letters of Indemnity
- Contracts of Chartering in the Bulk Trades
- Voyage Charter Parties
- Time Charter Parties
- Key Clauses in Each
Marine Insurance
- Hull & Machinery Insurance Policies
- Particular and General Average
- How are War Risks dealt with
- Protection and Indemnity Mutual Insurance
- How are Piracy and Terrorism treated under the Different Policies of Insurance
Bulk Shipping Markets
- Dry Bulk Shipping Markets
- Main Bulks
- Minor Bulks
- Vessel Characteristics
- The Tanker Market
- Crude Oil Transportation
- Product Markets
- Specialist Markets: LNG, LPG and Chemical
- Hedging Risks for Shipping companies
- Post Fixture Operations
- Ship Operations: Who does What with Whom
- Laytime, demurrage & Despatch
- Calculating monies due
Liner Shipping
- Liner Shipping and the Container Trades
- Development of Vessels and Terminal Facilities
- Rise and Fall of the Conference System
- Characteristics of Consortia and Carrier Alliances
- Competition Regulation and its Impact on Carrier / Shipper Relations
- Container Hardware and Operational Logistics
- Feeder Networks and Inland Transportation
- Importance of Landbridges
- Freight Tariffs
- FAK Rates
- Surcharges
- How can Carriers Achieve Operational Efficiency
The Future of the Shipping Industry
- Development of World Seaborne Trade
- Lay-up and Demolition Options to Unemployment
- Vessel Orderbook and Anticipated Growth of the Fleet: Bulk and Container markets