Shipbroking & Chartering Fundamentals - Melbourne 2013

Build your understanding of the components, the terminology and the dynamics of ship broking and chartering, and confidently clarify many of the misconceptions that surround it.

From 8:15 am to 5:00 pm

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.

Price
2 Day Training Course $ 2634.50 AUD

Key Learning Outcomes
• 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