Chartering Practice and Methods
The module provides an insight to charter party types and clauses. The relevant chartering procedures are effectively presented and students have the possibility to apply such knowledge in a simulated environment.
Format
Online
Language
English
Duration
4 weeks
Start Date
12/03/2021
End Date
12/04/2021
Accreditation
Institute of Marine Engineers, UK, BCA College
What You'll Learn
Week 1: Introduction to Dry Cargo Market, Tanker Market, Ships Types, Trades, Routes, Cargoes and Patterns.
Description of Tanker and Container Markets and Chartering. Freight Market Players and Dynamics. Types of Contracts, introduction and analysis to particular terms.
Seven (7) video lessons.
Self-Assessment test at the end of each video.
WEEK 2: Chartering Practice, Voyage and Time Charter orders, Negotiation, Offers & Counters.
Chartering Broker description and ethics involved. Financial Elements of Charter Parties. Freight & Hire.
Four (4) video lessons.
Charter Party Forms copies accompanying lessons.
Self-Assessment test at the end of each video.
WEEK 3: Laytime Principals, Laytime Calculation.
Voyage Calculation Principals and Example.
Five (5) video lessons.
Useful Material accompanying the important aspects.
Self-Assessment test at the end of each video.
Voyage Estimation & Laytime Calculation assignments.
WEEK 4: Disputes Resolution & Arbitration Procedure introduction. P&I and H&M difference.
Essential Shipping Terms and Abbreviations. Derivatives & FFA introduction. Conclusion.
Four (4) video lessons.
Useful Material accompanying the lessons.
Self-Assessment test at the end of each video.
Meet the instructor
Takis Magoulas
MSc in Maritime Studies and International Transport from University of Wales, Cardiff College
Mr. Takis Magoulas holds an MSc in Maritime Studies and International Transport from University of Wales, Cardiff College (1998), and a BSc in Business Administration from State University of New York, New Paltz College (1994) as well an Associate’s Degree in Business Administration from State University of New York, Empire State College (1992).
Since 1999 he has been working as a full time Chartering broker in Doric Shipbrokers S.A. in Athens. His main core of business is dry cargo chartering of handy up to supra size ships. He is a member of The Baltic Exchange in London since 2006 and a panelist for the Baltic Handysize Index (BHSI).
He has attended in an Educational Program on Shipping Derivatives and Risk Management, from The Research Centre of Athens University of Economics and Business in 2005.
Course Outcomes
Provide, enhance and develop knowledge of the chartering procedures (dry cargo and tanker), taking into consideration all parties involved in the process.
Develop students’ ability to assess the relevant market reports in order to determine and propose the proper chartering strategy for the company.
Develop students’ ability to effectively apply legal knowledge on the charter party drafting and negotiation stage.
Accredited by
Is this course right for you?
The module provides an insight to charter party types and clauses. The relevant chartering procedures are effectively presented and students have the possibility to apply such knowledge in a simulated environment. In particular the simulated process includes: market research, offers, counteroffers, presentations and misrepresentations, agreement on subjects, recap. Negotiation techniques and procedures and voyage estimation is thoroughly addressed. The main clauses of charter parties are examined in a comparative style in order to enhance the understanding of the consequences of different wording. Furthermore, a holistic approach to charter party is adopted focusing on the evaluation and comparison of charter parties based on total revenue. To this end a thorough examination of laytime calculation is undertaken.
This course will appeal to:
- Deck and Engine Officers
- Maritime Executives
- Aspiring students seeking to venture into the fascinating world of Shipping
Industry Testimonials
Studying at BCA 25 years ago gave me the necessary tools to start my career in shipping with strong foundations, learn new skills and help me to gain the necessary knowledge about the shipping industry. I would recommend anyone interested in shipping to go ahead and enroll themselves for MSc Shipping Business at BCA.
As a new student to BCA's Masters in Shipping degree, i am very excited to learn the secrets of the Shipping industry, learning from the world's very best.
Our company embarks on a new chapter; we are proud to send our executives to learn from the world’s best.
BCA College is one of Greece’s oldest and most reputable maritime academic institutions. Having evaluated its online Masters degree in Shipping, its modules cover all the knowledge FOR A SUCCESSFUL TRANSITION FROM A CAREER ONBOARD TO A POSITION ASHORE.
BCA is the oldest Maritime College in Greece, supplying our Shipping industry with some of its finest graduates.
BCA College has one of the leading positive reputations as an academic maritime institution offering Masters degrees in line with the needs of Shipping companies. Costamare Shipping Company SA possesses a number of BCA graduates in its ranks with excellent performance.
Our Alumni
Our 8,500 alumni work in the world’s most significant shipping companies and multinational enterprises of the maritime world.
Supported by
FAQ
What skills are assessed by the end of the course?
1
Analyse in detail charter market reports and other sources of market information.
2
Effectively undertake a voyage estimation and laytime calculation and analyse its results.
3
Critically interpret and evaluate the procedures relating to charter party drafting and the wording of main clauses of charter parties.
4
Critically evaluate the necessary changes of charter party clauses in order to protect the interests of the owner / charterer.
Will i receive a certificate?
Upon completion, you will receive a Certificate of Completion awarded by BCA College and accredited by IMAREST
What does my tuition cover?
Your tuition covers:
HD films per course, your own e-book, 24/7 support, professor video calls 3 times per month, extra webinars by Shipping industry titans
Are there any prerequisites?
Applicants can be admitted to the course if they possess:
1
Good command of the English Language via IELTS, TOEFL or any other internationally approved English language certification.
2
Employer/Professor recommendation.
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