Course Description

The shipping adventure, sometimes called the carriage of goods by sea involves several stages from the loading voyage, with the vessel sailing in ballast to the loading port, the loading operation and then the carrying voyage until the unloading or discharging of the cargo. The shipowners and charterer roles and responsibilities in every stage and the inter-play between them and how it pans out during the course of a voyage will determine the success or failure of that voyage. It is important to understand contractual provisions in a charter party and negotiate the terms in order to avoid pitfalls in chartering of the ships and to provide for the calculating of laytime and demurrage which will invariably affect all the parties’ bottom line.

What you'll learn in this course?

• Attain a comprehensive and in-depth knowledge of ship charter contracts

• Recognise the differences between the many types of charter parties

• Appreciate the rights and obligations of Charterers and Owners

• Manage & mitigate the risks involved in chartering of vessels