Chartering, Hiring of Vessels & Marine Insurance

This training course will utilize a variety of proven professional learning techniques to ensure maximum understanding, comprehension and retention of the information presented. The training course will be highly interactive and participative. This involves regular discussion between both delegates and course director. The training course will provide the participant with an in-depth knowledge through detailed information, real-life case studies, photos and video animation.

This training course is aimed at developing an appreciation of the key practical issues for anyone involved with the Vessel Chartering or Brokerage Operations.

This training course focuses on developing the attendees’ skills, knowledge and expertise required for a successful career in the demanding and highly competitive world of Shipping.

The main objectives of this training course shall include:

• The Market Players in Chartering
• The Role of the Shipbroker
• International Organisations and its conventions
• Private Organisations (NGO’s) roles & Regulations
• Types of Vessel’s Charter Parties
• Legal Aspects between the Owning, Operating & Chartering Partners
• Glossary of Chartering Terms
• Interruption of laytime (weekends/holidays, shifting, strikes, breakdowns)
• INCOTERMS and CIF, CFR and FOB export sales.
• Bill of Lading main types and commercial functions.
• Ship Operations and Management
• Basic principles of marine insurance as a contract of indemnity.
• Insurance claims settlement, subrogation and recovery claims
• Economic Parameters of Sea-Going Vessels
• The Implication of The Existing and Future Structure of the Maritime Trade
• LNG carrier rental prices reach record levels.

This Gulf Rowad Chartering, Hiring of Vessels & Marine Insurance training course is highly recommended for new entrants to the shipping industry, staff in liner shipping companies, chartering, and trading companies. It is particularly useful for staff involved in day-to-day ship chartering & hiring operations or administration such as

• Charterers, Shippers and Maritime Attorneys
• Contract Professionals / Negotiators
• Procurement Personnel
• Chartering Personnel
• Legal Advisors / Personnel
• Freight Forwarders
• Shipping Agents
• Marine Insurers
• Legal Advisors
• Individuals that are looking to expand shipping and international sea-trade knowledge.
• Fresh entrants to the industry whose job responsibilities depend on rapid absorption of specialist knowledge of the Charterer industry.
• Shipping company owners, directors and senior manager.

Organisational Impact

The organisation will benefit by:

• Having a team that will fully understand the fundamentals of Ship Chartering Practice
• Managing The Market Players in Chartering
• Providing options to management on how best to deal with chartering contracts claims and the solutions.
• Understanding of Interruption of laytime (weekends/holidays, shifting, strikes, breakdowns)
• Managing Insurance claims settlement, subrogation and recovery claims
• Apply Economic Parameters of Sea-Going Vessels

Personal Impact

This training course teaches the competencies that enable delegates to:

• Understand the essential aspects and basis of Maritime and Shipping matters
• Improve understanding of how Charter Parties can be made and or resolved
• Gain an understanding of the basis of laytime and demurrage and how to minimize demurrage claims
• Gains skill sets to be better prepared to deal with difficult issues relating to Chartering and Insurance claims
• Knowing different dispute resolution methods used in resolving these maritime disputes