Shipbrokers are the key to a transaction between a ship owner and the shippers of cargo.
The broker is involved in many stages of a deal: presenting the business to potential clients, negotiating the main terms of a contract, finalising the details of the contract and following the deal through. Brokers provide clients with market intelligence and advice.
Charterparties are one of the key contracts used by brokers in the shipping industry – an industry worth billions of dollars. They are complex and detailed contracts, and using the
- Understand shipbroking – the profession, its origins, purpose and industrial relevance
- understanding of the practical, commercial and legal frameworks governing charter parties is absolutely essential.
- cover all aspects of key issues in chartering, legal and practical solutions to problems and techniques for avoiding such problems all together
- Recognise alternative chartering strategies U nderstand the charter party – its usage, purpose and legal influence on a charter agreement
- Comprehend CFR vs FOB sale terms
- Analyse voyage estimating – how ship owners determine freight rates
- Identify laytime definitions
- Gain a working knowledge of bills of lading
- Charters and ship brokers seeking guidance on drafting accurate charter party agreements
- Sea faring personnel requiring a comprehensive legal framework for key contracts
- Professionals working in associated sectors, such as lawyers, insurers, claims handlers and adjusters seeking an understanding of chartering within the maritime industry
- Logistics, operations and distribution managers requiring a legal understanding of the contracts which affect the shipping of goods.