Shipping Operations Management

Course Info

Length: 1 Week

Type: Online

Available Dates


  • July-22-2024


  • Aug-26-2024


  • Sep-23-2024


  • Oct-07-2024


  • Nov-11-2024


  • Dec-30-2024


Course Details

Course Outline

5 days course

Fundamentals of Ship Management

  • Overview of The Global Maritime Industry
  • International trade and the global shipping network
  • Identify how vessels are measured and described
  • Understand how cargo loaded on a vessel is identified and quantified 
  • Ship registration and the options available to a shipowner/operator
  • The organisations responsible for regulating ‘safety at sea’ issues
  • Options available to an owner/operator when insuring a vessel

Understanding The Commercial Operations Of Ship Ownership Or Management

  • The various options available to a ship owner/operator to earn revenue
  • The interests involved in overseeing a successful commercial voyage
  • Identifying the costs involved in operating a ship
  • The benefits and design of an appropriate financial model

Understanding Various Ship Types and Crewing Challenges

  • Learn how various types of ships are identified
  • The challenges facing ship crewing agencies to meet the demand for trained seafarers
  • Crew compliments on various classes of ships
  • Flag State remuneration arrangements
  • IT Fremuneration arrangements
  • Passenger ships contract arrangements

Understanding Shipping Contracts

  • BIMCO freight, chartering, wreck removal, agency, crew engagement etc.
  • Identify common acronyms used by shippers, buyers and ship operators
  • Identify advantages/disadvantages of FOB and CIF contracts
  • The purpose and use of a Bill of Lading
  • The use of a Letter of Credit to meet an international debt obligation
  • The use of SALEFORM 2012 when buying or selling a vessel
  • The use of a Letter of Indemnity and a Booking Note

The Charter Market The Complexities As It Relates to Cargo and Shipping

  • The most commonly used charter parties used today
  • The difference between a voyage charter and a time charter
  • The options for sub-chartering
  • Evaluate indices such as the Baltic Dry Index (BDI) and identify the risks involved in spot chartering compared to time chartering
  • Identify how Laytime is calculated and the calculation of demurrage and dispatch

Course Video