MP102-Shipbroking & Chartering Fundamentals

$4000 USD
Available Dates: Anytime

Key Learning Objectives

  • 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.

Who Will Benefit

  • Trainee shipbrokers and operations department staff
  • Managers already in shipping and chartering to refresh on fundamentals
  • Ship brokers, owners, charterers, government bodies, lenders and insurers
  • Bulk commodity traders, purchasing officers for bulk commodities

When & Where


MP102-Shipbroking & Chartering Fundamentals

5* Hotel (Name to be confirmed)

September 13, 2019

from 9 AM to 13:00 PM (4 Days)

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Melcome Fish DrivingMedicalTraffic

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