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.

Upon the successful completion of this course, each participant will be able to:

• Apply and gain in depth-knowledge and skills on chartering and marine insurance
• Define charter parties and types of shipping as well as prepare the document required
• Recognize bill of lading/waybill, commercial invoice packing list and certificate of origin/free trade agreement certificate
• Identify which marine insurance if required
• Explain the international commercial terms of sea freight and air freight
• Carryout essential skills of shippers and receivers covering reading text, document use, writing, numeracy, oral communication, thinking skills, problem solving, decision-making and critical thinking
• Employ job task planning and organizing including significant use of memory, finding information, working with others, computer use and continuous learning

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

This training seminar will greatly benefit all individuals who wish to improve their leadership skills and develop their personal power and effectiveness: 

• Managers
• Team Leaders
• Supervisors
• Professionals
• Technical Staff
• Superintendents
• Operators
• Officers
• Procurement professionals
• Suppliers
• Planners
• Inventory professionals

This interactive Training will be highly interactive, with opportunities to advance your opinions and ideas and will include:
• Lectures
• Workshop & Work Presentation
• Case Studies and Practical Exercise
• Videos and General Discussions

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 Charter party? Charter abbreviations

DAY 2

Chartering and Shipping terms

• Laytime and Time sheets
• Bills of Lading
• Liner Shipping, Containerization and Multimodalism
• 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 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

RECTUS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration