Chartering Practice and Methods

The module provides an insight to charter party types and clauses. The relevant chartering procedures are effectively presented and students have the possibility to apply such knowledge in a simulated environment.

  • Duration
    4 Weeks
  • Format
    Online
  • Language
    English
  • Start date
    Spring
  • Accredited by
Chartering Practice and Methods

The module provides an insight to charter party types and clauses. The relevant chartering procedures are effectively presented and students have the possibility to apply such knowledge in a simulated environment.

  • Duration
    4 Weeks
  • Format
    Online
  • Language
    English
  • Start date
    Spring
  • Accredited by
Overview

The course is an international “journey” about demonstrating knowledge and understanding of essential elements of marine insurance contracts, marine hull and associated liability risks and protection and indemnity insurance.

It would be of benefit to those involved in marine insurance related services, marine insurance brokers and those who wish to enhance their knowledge in the marine insurance field and understand marine insurance market, apply different marine and cargo policies, analyze and describe factors affecting marine insurance.

The aim of this study is to state the principles of marine insurance contract, the law as clearly as possible, relationship between Marine Insurance Act, case law and standard terms of Institute clauses, mainly hull and cargo and interaction with P&I insurances.

TUITION

€1.200

 

Meet the Instructor

Mr. Panagis Magoulas holds an MSc in Maritime Studies and International Transport from University of Wales, Cardiff College (1998), and a BSc in Business Administration from State University of New York, New Paltz College (1994) as well an Associate’s Degree in Business Administration from State University of New York, Empire State College (1992).
Since 1999 he has been working as a full time Chartering broker in Doric Shipbrokers S.A. in Athens. His main core of business is dry cargo chartering of handy up to supra size ships. He is a member of The Baltic Exchange in London since 2006 and a panelist for the Baltic Handysize Index (BHSI).
He has attended in an Educational Program on Shipping Derivatives and Risk Management, from The Research Centre of Athens University of Economics and Business in 2005.

Overview

The course is an international “journey” about demonstrating knowledge and understanding of essential elements of marine insurance contracts, marine hull and associated liability risks and protection and indemnity insurance.

It would be of benefit to those involved in marine insurance related services, marine insurance brokers and those who wish to enhance their knowledge in the marine insurance field and understand marine insurance market, apply different marine and cargo policies, analyze and describe factors affecting marine insurance.

The aim of this study is to state the principles of marine insurance contract, the law as clearly as possible, relationship between Marine Insurance Act, case law and standard terms of Institute clauses, mainly hull and cargo and interaction with P&I insurances.

TUITION

€1.200

 

Meet the Instructor

Mr. Panagis Magoulas holds an MSc in Maritime Studies and International Transport from University of Wales, Cardiff College (1998), and a BSc in Business Administration from State University of New York, New Paltz College (1994) as well an Associate’s Degree in Business Administration from State University of New York, Empire State College (1992).
Since 1999 he has been working as a full time Chartering broker in Doric Shipbrokers S.A. in Athens. His main core of business is dry cargo chartering of handy up to supra size ships. He is a member of The Baltic Exchange in London since 2006 and a panelist for the Baltic Handysize Index (BHSI).
He has attended in an Educational Program on Shipping Derivatives and Risk Management, from The Research Centre of Athens University of Economics and Business in 2005.

Introduction to Dry Cargo Market, Tanker Market, Ships Types, Trades, Routes, Cargoes and Patterns.

Description of Tanker and Container Markets and Chartering. Freight Market Players and Dynamics. Types of Contracts, introduction and analysis to particular terms.

Self-Assessment test at the end of each video

Seven (7) video lessons

Chartering Practice, Voyage and Time Charter orders, Negotiation, Offers & Counters.

Chartering Broker description and ethics involved. Financial Elements of Charter Parties. Freight & Hire.

Self-Assessment test at the end of each video

Four (4) video lessons

Charter Party Forms copies accompanying lessons.

Laytime Principals, Laytime Calculation.

Voyage Calculation Principals and Example.

Self-Assessment test at the end of each video

Voyage Estimation & Laytime Calculation assignments.

Five (5) video lessons

Useful Material accompanying the important aspects

Disputes Resolution & Arbitration Procedure introduction. P&I and H&M difference.

Essential Shipping Terms and Abbreviations. Derivatives & FFA introduction. Conclusion.

Self-Assessment test at the end of each video

Four (4) video lessons.

Useful Material accompanying the lessons.

What you’ll learn

Provide an understanding of Marine
Insurance Principles
with analysis of Marine Insurance Acts (UK), the Hull, Cargo, and Liability clauses commonly used in London market.

Analyse the relationship between Marine Insurance Act, case law and standard terms of Institute clauses,mainly hull and cargo and interaction with P&I insurances.

Evaluate concepts, policies, procedures together with an understanding of associated aspects of Marine Insurance and their application to various situations.

Demonstrate knowledge and
understanding
of essential elements of marine insurance contracts, marine hull and associated liability risks
and protection and indemnity insurance.

ASSESSMENT STRATEGY

Based on the Programme Specification, students are formally assessed through the submission of coursework. The forms of coursework depend on the characteristics of each module and may include the following types
of assessments: case study, essay, report, dissertation, market analysis,project output, valuation, etc.

In addition each module incorporates multiple self-assessment tests. Self-assessment tests are not part of the formal assessment but completion is strongly encouraged as students will be able to monitor and evaluate their learning process and identify areas requiring improvement.

FINAL AWARD

Certificate awarded by BCA accredited by IMAREST
As per university regulations

What you’ll learn

Provide an understanding of Marine
Insurance Principles
with analysis of Marine Insurance Acts (UK), the Hull, Cargo, and Liability clauses commonly used in London market.

Analyse the relationship between Marine Insurance Act, case law and standard terms of Institute clauses,mainly hull and cargo and interaction with P&I insurances.

Evaluate concepts, policies, procedures together with an understanding of associated aspects of Marine Insurance and their application to various situations.

Demonstrate knowledge and
understanding
of essential elements of marine insurance contracts, marine hull and associated liability risks
and protection and indemnity insurance.

ASSESSMENT STRATEGY

Based on the Programme Specification, students are formally assessed through the submission of coursework. The forms of coursework depend on the characteristics of each module and may include the following types
of assessments: case study, essay, report, dissertation, market analysis,project output, valuation, etc.

In addition each module incorporates multiple self-assessment tests. Self-assessment tests are not part of the formal assessment but completion is strongly encouraged as students will be able to monitor and evaluate their learning process and identify areas requiring improvement.

FINAL AWARD

Certificate awarded by BCA accredited by IMAREST
As per university regulations

Requirements

Applying to the course with some simple steps.

EDUCATIONAL REQUIREMENTS

In order to be considered for admission in the Online MSc Shipping programme, it is essential that applicants fulfil the following entry requirements:

English Language Qualifications:
ELTS: a minimum score of 5.5 (with a minimum score of 5.5 in

each component of the test)
Cambridge English: Proficiency (CPE): Pass at C1 level
Cambridge English: Advanced (CAE): C and above
Cambridge English: First (FCE): B and above
Examination for the Certificate of Proficiency in English (ECPE): P
(Pass) and above
Pearson Academic (PTE): 53 (with a minimum score of 51 in
each component of the test)
BCA IELTS Placement Test: a minimum score of 6.5 (with a
minimum score of 6.0 in each component of the test)
Other English language qualifications may be considered.

Working Experience:
No relevant experience required.

DOCUMENT REQUIREMENTS

Before completing the Online Application, please make sure that you possess the following documents for your own convenience:
Proof of English Language Proficiency
Employer/Professor recommendation (two letters of recommendation)
Photocopy of identification card or Passport
One passport-size photograph
Proof of Work Experience (where necessary)
CV or resume

Requirements

Applying to the course with some simple steps.

EDUCATIONAL REQUIREMENTS

In order to be considered for admission in the Online MSc Shipping programme, it is essential that applicants fulfil the following entry requirements:

English Language Qualifications:
ELTS: a minimum score of 5.5 (with a minimum score of 5.5 in

each component of the test)
Cambridge English: Proficiency (CPE): Pass at C1 level
Cambridge English: Advanced (CAE): C and above
Cambridge English: First (FCE): B and above
Examination for the Certificate of Proficiency in English (ECPE): P
(Pass) and above
Pearson Academic (PTE): 53 (with a minimum score of 51 in
each component of the test)
BCA IELTS Placement Test: a minimum score of 6.5 (with a
minimum score of 6.0 in each component of the test)
Other English language qualifications may be considered.

Working Experience:
No relevant experience required.

DOCUMENT REQUIREMENTS

Before completing the Online Application, please make sure that you possess the following documents for your own convenience:
Proof of English Language Proficiency
Employer/Professor recommendation (two letters of recommendation)
Photocopy of identification card or Passport
One passport-size photograph
Proof of Work Experience (where necessary)
CV or resume

FAQs

1

Assess the different stages of crafting, executing and reviewing a strategy.

2

Critically evaluate how these functions are applied in shipping.

3

Apply performance monitoring and management in the shipping context.

4

Evaluate Commercial Shipping Management Strategies.

Your tuition covers:

HD films per course, your own e-book, 24/7 support, professor video calls 3 times per month, extra webinars by Shipping industry titans

1

Good command of the English Language via IELTS, TOEFL or any other internationally approved English language certification.

2

Employer/Professor recommendation.

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