Shipping Industry and the Global Economy, the Markets and
International Organisations • World trade development
• Demand for shipping services
• Economics of sea transport
• International trade, trade balance and trade routes
• The impact of transport costs
• Shifting world markets
• Shipping markets
- The Liner and Tramp Markets
- The Dry Bulk Market
- The Liquid Bulk Market
- The Container Market
- The RoRo Market
- The Cruise Market
- Specialist Markets
• Shipping companies
• International organisations
Development of Ships, Regulation, International Conventions, Ship
Manning and Port Operations • Ship operations
- The four segments of the cargo shipping industry
- Types of charters
- Shipbroking
• The history of the development of ship types
• Ship characteristics
- Dimensions
- Seaworthiness and cargoworthiness
• Ship manning
• Management on board
• International regulations and conventions
- Who makes the rules and how they are enforced
• Introduction to ports and terminals
- Role of ports
- Types of port facility
- Harbour authorities and operators
- Port agency
- Cargo operations
Ship Finance – Financing, Purchasing and Trading of Ships • The financial decision
• General principles of financing ships
• Borrower structures
• Senior debt
• Capital markets
• Securitisation
• Mezzanine finance
• Project financing
• Leasing
• ECA financing
• Hedging
- Interest rates
- Currency
- Bunkers
- Forward freight agreements
Registration and Classification, Ship Operations, Revenues and Costs • Ship Registration
- Open registries
• Ship Classification
• Third party ship management
• Sale and purchase markets
• Demolition market
• Charter markets
• Ship operation
- Crewing and training
- ISM Code
- Bunkering
- Maintenance and repair
• Trading
- INCOTERMS
- Financial aspects of trade
- Forward freight agreements
- Laytime and Demurrage
- Post fixture work
• Ship revenues and expenses
Maritime and Commercial Law, the Carriage of Goods by Sea
and Liability • Fundamentals of law: the legal system
- Common law
- Equity
- Civil law
- Common law and statute
- Criminal law
- Tort
- Arbitration
• Fundamentals of law: Law of Contract
- Offer and acceptance
- Consideration
- Intention to create legal relations
• Maritime law: origins
- English maritime law
- Admiralty maritime law
- Maritime liens
• Aspects of maritime law
- Acquisition and ownership of ships
- Registration of ships
- Maritime safety and security
• International institutions and legislation
• Commercial shipping law
- Contracts in international trade
- Contracts of affreightment
- Carriage of goods by sea and documentation
- The bill of lading
• International regulations
- Hague Rules
- Hague-Visby Rules
- Hamburg Rules
- Rotterdam Rules
Marine and Cargo Insurance, P&I Clubs and the Insurance Market • Origins
- The need to spread the risk
- General average
• Legal background
- Maritime law
- Cargo vs hull
- Utmost good faith
- Disclosure and warranties
• Hull and Machinery insurance
- Premiums and claims
- Insured perils
- Exclusions
- Port risks
• Protection and Indemnity Insurance (P&I)
• Cargo insurance
- Insurance certificates
- Clauses and exclusions
- Cargo claims
• The marine insurance market.
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