Course Details
Your Growth, Our Mission
Course Description
This five-day training course is essential for marine and shipping personnel dealing with chartering and marine insurance. All applicable terms, abbreviations, types of charter parties, and shipping documents were discussed. Attendants will receive a solid foundation of the chartering and shipping process, marine insurance, and commercial terms.
This course will concentrate on chartering and charter terms, shipping terms, marine insurance, trade terms, laytime, and demurrage.
The topics presented during this training course will provide companies with the information necessary to meet current and proposed compliance requirements more economically while maintaining the highest level of safety.
The Training Course Will Highlight ?
Organizational Impact
Organizations dealing with the chartering of vessels benefit tremendously when their leaders possess a high degree of the inner competencies gained in this seminar. They will be better able to understand the various charter types, shipping and trade terms, types of marine insurance, commercial terms, laytime and demurrage. They will access in-depth thinking potential to make decisions and solve problems more effectively.
- Understanding of the chartering terms and different types of charter parties
- Minimizing number of mistakes when working with various vessel charters
- Speeding up operations
- Serving clients more efficiently
- Enhancing human relations within the organization
- Improving vision of future opportunities for development
- Developing necessary employee’s skills
- Saving costs
Personal Impact
This training course teaches the competencies that enable leaders to:
• An enhance knowledge of the chartering process, bill of lading and other shipping documents
• Appreciate of INCOTERMS, shipping conditions and documents required
• Practically understand of how to apply their knowledge to their everyday work environment
• Which tools provide the best results
• Integrate strategic knowledge and operations with other forms of management practice within the sector
• Understand of charter conditions and limitations and how to deal with different CP types
• Know of the legal framework
• Understand of the shipping and commercial terms and abbreviations
• Get acquired into the marine insurance
• Know of the resources available
• Predict risks and possible constraints
Training Objective
Organizational Impact
Organizations dealing with the chartering of vessels benefit tremendously when their leaders possess a high degree of the inner competencies gained in this seminar. They will be better able to understand the various charter types, shipping and trade terms, types of marine insurance, commercial terms, laytime and demurrage. They will access in-depth thinking potential to make decisions and solve problems more effectively.
- Understanding of the chartering terms and different types of charter parties
- Minimizing number of mistakes when working with various vessel charters
- Speeding up operations
- Serving clients more efficiently
- Enhancing human relations within the organization
- Improving vision of future opportunities for development
- Developing necessary employee’s skills
- Saving costs
Personal Impact
This training course teaches the competencies that enable leaders to:
• An enhance knowledge of the chartering process, bill of lading and other shipping documents
• Appreciate of INCOTERMS, shipping conditions and documents required
• Practically understand of how to apply their knowledge to their everyday work environment
• Which tools provide the best results
• Integrate strategic knowledge and operations with other forms of management practice within the sector
• Understand of charter conditions and limitations and how to deal with different CP types
• Know of the legal framework
• Understand of the shipping and commercial terms and abbreviations
• Get acquired into the marine insurance
• Know of the resources available
• Predict risks and possible constraints
Target Audience
This training seminar will greatly benefit all individuals who wish to improve their leadership skills and develop their power and effectiveness:
- Managers
- Team Leaders
- Supervisors
- Professionals
- Technical Staff
- Superintendents
- Operators
- Officers
- Procurement professionals
- Suppliers
- Planners
- Inventory professionals
Training Methods
Daily Agenda
Seminar Outline
DAY 1
- What is Ship chartering? Charter terms explained
- What is Ship chartering?
- What are the different types of ship chartering
- Voyage charters
- Time charters
- Bareboat charters
- What is a Charter party? Charter abbreviations
DAY 2
- Chartering and Shipping terms
- Laytime and Timesheets
- Bills of Lading
- Liner Shipping, Containerization, and Multimodal
- The ship, Shipping Operations, and Shipping Terms
- Tonnage of Ships
- Classification of Ships
DAY 3
- Marine Insurance and Mutual cover
- Introduction
- Marine Insurance
- Mutual Associations
- General Average
- Salvage
- Summary and conclusions
DAY 4
- Trade terms, INCOTERMS, and Documentary Credits
- Trade Terms
- INCOTERMS 2020 update
- Some INCOTERMS in the glance
- Letter of Credit
- Documentary Credits
- Summary and conclusions
DAY 5
- Laytime and demurrage
- Types of laytime
- Start and stop of laytime
- Calculation of laytime for dry and wet cargoes
- Demurrage
- Laytime and demurrage clauses
- Management of Demurrage Claims
Accreditation
BTS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration.
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