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Essentials of Shipping

The essential training course for shipping industry professionals wishing to acquire an understanding of the commercial, regulatory and technical elements of the marine shipping industry.

LIVE ONLINE TRAINING | 4-Part series | Over 4 days
February/March 2024 Course: 27 Feb | 28 Feb | 29 Feb | 1 Mar | 9am – 1pm SGT

Book Now Register Your Interest Download Brochure

Register 2 and third attends free

overview

Key Learning Objectives

  • The Global Maritime Supply Chain:
    – Its Critical Importance, the Principal Trades and Vessel Types.
  • Flag Registers and Classification Societies:
    – Their separate but related functions and shipowner choices.
  • Shipping Economics:
    – Supply and demand, freight market cycles, forecasting and hedging strategies.
  • International Trade:
    – The essential role of INCOTERMS, Bills of Lading and Letters of Credit.
  • Ship Chartering:
    – The principal charter types and the role of the Shipbroker in negotiating and ‘fixing’ a charter.
  • International Maritime Conventions:
    – The regulation of shipping and its enforcement.
  • Shipmanagement:
    – Understanding the Commercial,Technical and Crew management functions and operational impacts.
  • Shipowner and Charterer Liabilities and Marine Insurance:
    – Understanding policy terms and cover.
  • Sustainable Shipping:
    – Impacts of climate change, future fuels and remotely controlled or autonomous ships.

About the Course

This live online course – delivered during 16 interactive hours over four consecutive days is essential for shipping industry professionals wishing to acquire an understanding of the commercial, regulatory and technical elements of the marine shipping industry.

The course is suitable for both commercial professionals who may benefit from fundamental technical knowledge; and for technical professionals to improve essential commercial aspects

Who Will Benefit

This course is designed for people who may have had either no or a limited exposure to all of the commercial, legal and technical aspects of the the shipping industry but would benefit from an interconnected overview and perspective of how the industry operates.

  • New or recent entrants to the shipping or port industries.
  • Ship Charterers and Chartering Brokers.
  • Bankers and Commodity Traders engaged in international trading.
  • Lawyers and In-House Counsel.
  • Ship Owners and In-House Ship Managers.
  • Third Party Ship Managers providing Commercial, Technical or Crew management.
  • Flag State Administrators.
  • Classification Societies.
  • Port Authorities.
  • Logistics providers, including Freight Forwarders and Non Vessel Operating Common Carriers (NVOCCs).
  • Marine insurance Underwriters, Brokers and Claims Executives

pricing

Packages Price
Live Online Training 2024SGD $2995

Great Savings:
Register 2 and third attends free. Call us today on +65 6973 3571 or email sgtraining@informa.com to take advantage of the discount offer.

Testimonials

“Trainer is engaging, and the subject was well simplified. I learned a whole lot of new things.”
Lawyer, Adepetism, Caxton-Martins, Agbor & Segwal

“Trainer provided information extremely vital for shipping business, making the programme well worth my time and energy.”
Director, GWK Maritime

“I enjoyed the real-life experience of the lecturer and his Q&A approach to our questions.”
Corporate Counsel, Ampol Singapore

Live Online Training

Learn Anywhere, Learn Anytime
Catering to meet all your learning needs:

  • Get high quality practical training from our expert instructors
  • From Face To Face, Online and Blended Learning, get a superior solution for your learning needs
  • Learn live online in an interactive environment
  • Invest in yourself. Invest in your team.

Register today for our Live Online Training courses and fi nd out how they can help you transform the way you work. Contact one of our training consultants on sgtraining@informa.com to find out more.

View Live Online Training Brochure

trainer

Capt. Robert Gordon Shipping Law & Contract Fundamentals

Capt. Robert Gordon

Master Mariner & Solicitor (England & Wales) Managing Director, SeaProf Executive Education Former MD and Chairman, SEAsia P&I Services

Agenda

DAY 1

THE BUSINESS OF SHIPPING AND ‘90% OF EVERYTHING’

  • Origins of ships and shipping as ‘the handmaiden of international trade’.
  • Today’s principal trade routes.
  • Differences between bulk trades (wet & dry) and liner trades.
  • Past drivers of shipping change and future disruptors?
  • Understanding ship tonnage including DWT, GT and NT.
  • Global merchant fleet review:
    • Dry bulk carriers
    • Oil & Chemical Tankers
    • Containerships
    • Multipurpose vessels
    • Ro- Ro’s & Flo-Flo’s
    • Service ships including OSV’s, Dredgers, Drill Rigs etc.
  • Ship owning company basic organisation and structure.
  • Flag options, issues and choices

SHIPPING MARKETS AND ECONOMICS

  • Global economics and the fundamentals of product & materials supply and demand.
  • The ‘Four Primary Markets’
    • New building acquisition.
    • Chartering revenue.
    • S&P and ‘asset play’.
    • Demolition/Scrap sale.
  • Freight market impacts and the shipbuilding time lag.
  • Problems of overcapacity:
    • How many ships are there?
    • How many being built?
    • Shipyard subsidies and market distortions?
  • Shipping market cycles, their history, frequency & duration.
  • Market forecasting, the foreseeable and unforeseeable risks.
  • What part of the shipping cycle are we in today?

DAY 2

INTERNATIONAL TRADE, INCOTERMS AND BILLS OF LADING

  • Shipping’s supporting role as the sea transport component of an exported goods sale.
  • INCOTERMS and CIF, CFR and FOB export sales.
  • The ‘Letter of Credit’ system for the secure payment of exported goods.
  • Bills of Lading, main types and commercial functions.
  • The Hague, Hague Visby and Hamburg Rules and their legal impact on the parties to a Bill of Lading.
  • Obligation on the carrier to issue a Bill of Lading and the information it must contain.
  • Problems with Bills of Lading that can expose the carrier to serious liabilities.
  • Bills of Lading, Letters of Credit and compliance with UCP 500
  • Electronic Bills of Lading and their growing utilisation

SHIP CHARTERING

  • Chartering as a key revenue generator.
  • Chartering options including:
    • Voyage chartering as the payment of freight.
    • Time chartering as the hire of a ship, crew & services at daily rate.
    • Bareboat chartering as the long hire term of a ship and no crew or services.
  • Shipowner and Charterer port and voyage costs allocation.
  • Charter party principal terms and obligations.
  • BIMCO and other ‘standard form’ chartering contracts and clauses.
  • Role of the Chartering Broker as an intermediary and agent.
  • Process of ‘fixing’ a vessel and negotiating a ‘clean fix’.
  • Post fixture roles of the Charterer’s Operations Dept. and Port Agents.
  • Issue and signature of Bills of Lading under Charter Parties.

DAY 3

MARITIME GOVERNANCE AND SHIPPING REGULATION

  • International Organisations
    • IMO
    • ILO
    • UNCTAD
    • CMI
  • Private Organisations (NGO’s)
    • ICS & BIMCO
    • IACS
    • INTERTANKO
    • INTERCARGO
    • ASF, SSA and FASA
  • Martime Conventions
    • SOLAS
    • MARPOL
    • STCW Convention
    • MLC
  • Turning Conventions into Law.
  • Compliance and enforcement:
    • UNCLOS
    • Flag State, Coastal State and Port State control.
    • Class Societies as Flag State ‘Registered Organisations’.
    • Singapore MPA as a maritime authority and shipping regulator.
    • Commercial inspection by P&I insurers and charterers e.g. Rightship.
    • Legal and commercial penalties for regulatory non-compliance

COMMERCIAL & TECHNICAL SHIP MANAGEMENT

  • Principal functions including:
    • Company executive, policy and strategy.
    • Commercial management, chartering, operations and compliance.
    • Technical management, planning, procurement & compliance.
    • Crewing recruitment, retention, training and compliance,
  • Development of 3rd party ship management.
  • Consideration of potential outsourcing benefits and downside risks.

DAY 4

MARITIME LIABILITIES AND MARINE INSURANCE

  • Shipowner loss & liabilities:
    • Collisions, jetty contacts and groundings.
    • Hull and engine damage repairs and time lost.
    • Cargo damage, pollution, crew injury and death.
    • Sinking and total loss.
  • Charterer liabilities:
    • Unsafe port and berth claims by shipowners.
    • Stevedore damage.
    • Contaminated bunker fuel damage to ship’s engines
    • Bunker pollution.
  • Cargo owner loss & liabilities:
    • Cargo damage, total loss or CTL while in transit.
    • Cargo theft and piracy.
  • Exposure to Salvage costs and General Average (GA).
  • Loss of income and profits.
  • Basic principles of marine insurance as a contract of indemnity.
  • Global impact of the Marine Insurance Act 1906
  • Common policy terms and the risks covered by:
    • Hull & Machinery (H&M) insurance.
    • Shipowner’s & Charterer’s Protection & Indemnity (P&I) + FD&D.
    • Cargo Insurance.
    • Ancillary covers including War, Terrorism & Piracy.
  • Insurance claims settlement, subrogation and recovery claims.

‘SUSTAINABLE SHIPPING’ & FUTURE SHIPS

  • Global impact of climate change and increasing environmental awareness and regulation.
  • IMO’s 2030 and 2050 reduction targets for Green House Gas (GHG) and Carbon emissions by shipping.
  • IMO’s Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII) obligations (in force January 2023).
  • New ‘green’ fuels including Biodiesel, LNG, Methanol, Ammonia, Hydrogen, Storage Batteries and Wind Power
  • CAPEX and OPEX increased cost impacts on the business of shipping and international trade
  • Potential for cost reductions using real time data and Artificial Intelligence (AI) analysis in tandem with remotely controlled or autonomous ships.

when & where

27 Feb - 01 Mar 2024

Live Online Training

On-site & in-house training

Deliver this course how you want, where you want, when you want – and save up to 40%! 8+ employees seeking training on the same topic?

Talk to us about an on-site/in-house & customised solution.

contact

Still have a question?

Devi Nyunt
Training Consultant
+65 6992 8760
sgtraining@informa.com

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