Introduction to ShippingTerminology

Course

In London, Uk

£ 1,195 + VAT

Description

  • Type

    Course

  • Location

    London, uk

  • Class hours

    1h

Suitable for: This course is designed for non-specialist staff who interact with shipping companies, charterers and lawyers and other executives who need to understand the main terminologies. This course will provide you with all the basics to ask the right questions and get the right answers.

Facilities

Location

Start date

London, Uk (London)

Start date

On request

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Course programme

Course Summary
This one-day course provides an introduction to shipping terminology, including the main terms and activities that explain what the jargon means, the processes and the roles of who is involved in the shipping world.Its teachings will also include information on legislation, freight contracts and markets and negotiations within the industry.

Ship Types, Characteristics and Trades

  • Ship types: commercial definitions; AFRA types, knots, dwt, GRT, LOA, beam, draft
  • Ships by trade, products they carry

The Cast of Characters - Who Does What

  • Owners, operators, charterers, shippers, brokers
  • Institutions and organisations, e.g. PSC, IMO, Intertanko, SITGO, CDI, SIRE, OCIMF, Worldscale, Marpol, Solas, London Tanker Brokers Panel

The Voyage from Planning to Completion

  • Who gives orders
  • The sequence of events
  • Letters of Indemnity
  • Bills of Lading
  • The negotiation

Types of Freight Contract

  • Spot, T/C, COA, CVs, bareboat charters, terms e.g. TCE, owners/charterers responsibilities

Worldscale, AFRA and the Freight Markets

  • Ho- rates are reported

Demurrage
Inco Terms - FOB, CIF, CFR
Legislation and Its Impact

  • Single hull phaseout
  • IMO/EU/OPA 90

Contract Terms and Charter Parties

  • Charter party terms e.g. law, description of the parties, differences, other issues e.g. deadfreight
  • COA and T/C terms

Voyage Negotiation

Introduction to ShippingTerminology

£ 1,195 + VAT