Key Learning Outcomes
- Understand the types of charter and the commercial, technical and financial obligations of owners and charterers
- Discuss dry and wet cargo charterparty obligations and know who is responsible for what
- Know the relevance of Hague / Hague-Visby / Hamburg / Rotterdam Rules and the advantages and disadvantages of each
- Appreciate the role of port agents and their vital functions and obligations
- Understand the role of shipbrokers – for owners or charterers and the best methods of fixing ships and cargoes
- Analyse what can go wrong with wet or dry cargo chartering and how to prevent them
- Learn practical voyage estimating, its importance and how it affects laytime calculations
- Mediation, litigation and arbitration – know which will work for your dispute resolution
Who Should Attend
- Charterers including Importers, Exporters and Traders
- Ship Managers
- Port and ship agents
- Freight forwarders
- Legal advisers
- Government bodies and representatives
Jeffrey Blum’s involvement in shipping and trading spans over 45 years. He is the fourth generation of a shipping family, has been an active member of the Baltic Exchange since 1976 and has worked with a Lloyd’s underwriter and as a shipbroker, ship owner and operator, gasoil futures broker, charterer and commodities trader in London and abroad.
He achieved Fellowship of the Institute of Chartered Shipbrokers by examination in 1979 and since 1983 has served on the ICS International Controlling Council, the International Membership Committee and the UK & Ireland Zone Committee. He has served on the London & South East Branch Committee since 1983, including its Education Officer 2000 – 2015, Chairman 2005-2007 and Vice Chairman 2015-2017.
Jeffrey has been a Fellow of the Chartered Institute of Arbitrators since 1997 (Associate since 1979), is an active Supporting Member of the London Maritime Arbitrators Association (LMAA) and has been an arbitrator (both sole and tribunal) since 1994 and an expert witness since 1983. He has been on the controlling council of the International Commodity and Shipping Arbitration Service (ICSAS) since its creation in 2005.
Since 1984 he has been lecturing on maritime commercial subjects and law at universities and colleges throughout the UK. Since 2002 he is the founder director and principal lecturer of METL (Maritime Education & Training Ltd), a college in central London which provides bespoke training and prepares examinees for the ICS worldwide exams in eight core subjects. Since 2007 he is a Visiting Professor at the UN IMO’s World Maritime University in Malmo and at the Shanghai Maritime University and is a frequent presenter at conferences and masterclass workshops worldwide. For many years he has contributed to trade magazines and books and is currently editing the 12th edition of a long-established textbook on Chartering.
Jeffrey provides maritime and commodities commercial claims consultancy and training through Interlink International Trading (UK) Ltd which he founded in 1994. His clients include oil majors, commodity traders, shipowners, P&I Clubs, shipbrokers, law firms, banks, governments and international shipping organisations.
VESSEL EMPLOYMENT METHODS – VOYAGE AND TIME CHARTERING
- Types of charter
- Commercial / Financial / technical responsibilities of owners and charterers
DRY AND WET CARGO CHARTER PARTY OBLIGATIONS
- Who is responsible for what
- How dry cargo problems differ from tanker cargo problems
- History and relevance or irrelevance of each set of rules
- Advantages and disadvantages of application of each set of rules
- Why the Hamburg Rules have a small following
- Why the Rotterdam Rules are not yet in force
BILLS OF LADING
- Main functions
- Charter Parties
- Letters of Credit / UCP 500 v UCP 600
THE ROLE OF PORT AGENTS
- Vital functions and obligations – to whom and why
- Less essential (but nevertheless important) obligations
- Agency Law
THE ROLE OF SHIPBROKERS
- Why brokers for Owners or Charterers
- Exclusive or Direct or Competitive International shipbroking markets
- How to negotiate
- How not to negotiate
- The marriage bureau – best methods of fixing ships and cargoes
CARGOES AND TROUBLES!
- What can go wrong and why – dry cargoes
- What can go wrong and why – wet cargoes
- How to prevent such problems
- Bills of Lading and Letters of Indemnity
- Theory – why it is important
- Practice – how it affects Laytime calculations
LAYTIME AND DEMURRAGE – THEORY AND WORKED CALCULATIONS
- Which documents are essential and why
- How to use and abuse those documents
- Readiness of the vessel
- When the clock starts to tick
- Exceptions and Interruptions
- Dry cargo laytime examples
- Tanker laytime examples
DISPUTE RESOLUTION METHODS
- Mediation, Litigation, or Arbitration? Why?
- Personnel involved with each of these methods
- Likely costs of each of these methods
- Binding? Precedence?
- Enforcement of international awards, including New York Convention 1958
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.