Examination

2 - Written exam - 75

Coursework

1 - Set exercises - 25

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Session 1: Introduction 
<ul><li>Introduction: Different types of ships and shipping contracts. </li><li>Analysis of Supply and Demand factors in Shipping. </li><li>Analysing market data and identifying best chartering opportunities. </li><li>Overview of the different Freight markets. </li><li>Shipping Platforms and Sources of Data. </li></ul>
Session 2: The Freight Market and market Practice 
<ul><li>Main actors: charterers, owners, operators: key responsibilities, information channels and freight structures. </li><li>Methods of employment: Voyage, CVV, Trip-charter, COA, Period, Bareboat and Shipping Pools. </li><li>Comparing Between Alternative Methods of Employment: the role of market fundamentals. </li><li>Voyage estimating, comparing alternate voyage results including TCE, COA, bunker and load-line. </li><li>Ballast Bonus Calculations. Relation between voyage and time-charter rates. </li></ul>
Session 3: Negotiation and Contract Execution 
<ul><li>The economics of Information. </li><li>The economics of market negotiations. </li><li>Chartering Negotiations: Knowledge and procedure of offer and counter-offer. </li><li>Essential details and key documents. </li><li>Digitalisation and e-Bills of Lading.</li></ul>
Session 4: Voyage Charters 
<ul><li>Voyage charter-parties: single voyage and COA </li><li>Types of standard forms for world trades. </li><li>Operation of vessels under voyage charter. </li><li>Key responsibilities of owners, charterers, and brokers. </li></ul>
Session 5: Period Charters 
<ul><li>Time-charter parties. </li><li>Main types of contracts and most important clauses. </li><li>Key responsibilities of owners, charterers, and brokers. </li><li>Energy Efficiency Clauses and emissions </li><li>Typical problems including speed claims, withdrawal, defaulting principles. </li></ul>
Session 6: Tanker &amp; Gas Chartering 
<ul><li>Tanker chartering and voyage estimation. </li><li>Main types of contracts and most important clauses. </li><li> Key responsibilities of owners, charterers and brokers. </li></ul>
Session 7: Laytime Calculations 
<ul><li>The arrived ship Notice of readiness.  </li><li>Time allowed and Lay-time exceptions. </li><li>Calculation of lay-time, demurrage, and despatch. </li><li>Understanding the principals of lay-time, differentiated from &#96;Lay-can’ </li></ul>
Session 8: Dispute Resolution 
<ul><li>Disputes and Professional Indemnity </li><li>Arbitration and its popularity in international shipping markets. </li><li>Bills of Lading, construction, interpretation, and application of clauses. </li><li>Issue of Mates receipts. </li><li>Disputes: Bills of Lading and Cargo Claims.</li></ul>
Session 9: The Sale &amp; Purchase Market 
<ul><li>The market for sale and purchase of second-hand ships. </li><li>The process of Sale and Purchase: Key documents and steps. </li><li>The process of Ship Valuation: Determinants and practical examples. </li><li>Case Study: Valuing the Fleet of a Shipping Company. </li></ul>
Session 10: The Scrap Market 
<ul><li>The economics of the scrapping market: Supply and Demand Factors. </li><li>The process of scrapping: Key documents and steps involved. </li></ul>

Feedback is provided in a number of ways throughout your module. This includes feedback you receive during teaching from both peers and lecturers and that provided for formative assessment. Following an assessment, you will be given your marks and feedback in line with the assessment regulations and policy. More information on the timing and type of feedback that will be provided for each assessment will be available from the module leader. <a href='https://www.citystgeorges.ac.uk/about/governance/policies/student-policies-and-regulations'>https://www.citystgeorges.ac.uk/about/governance/policies/student-policies-and-regulations</a>

This module will support the development of all the graduate attributes. Your module leader will provide you with information about how your learning, teaching and assessment activities support your development of these attributes. The graduate attributes are: - Always learning - Engaged in the world - Technical and digital - Connected Professional - Creating Impact

Self-directed - 

Directed Asynchronous - 

In-Person - 

The Essential Guide to Chartering and the Dry Freight Market

Shipping Derivatives and Risk Management

Shipbroking and Chartering Practice

Tanker Chartering

Dry Cargo Chartering

BBM126 - Chartering, Freight Trading and Sale & Purchase

BBM126-PRD2-PER-ALV1

This module will be taught through lectures, guest lecturers, case studies and applied practical sessions using an online shipping platform. Self-directed learning hours are for independent study and account for the indicative amount of time you should spend studying independently.

Contact hours are designed to be flexible and are delivered using a variety of methods to help you learn in the most effective way. A proportion of the core content may be delivered online and additional support materials and content will also be made available through Moodle.

Chartering, Freight Trading and Sale & Purchase

Assess the current state of the various shipping segments and identify effective chartering strategies. 

Knowledge

Synthesise the various supply and demand drivers and use them to compare the value of different types of shipping contracts, such as voyage, period COA etc. 

Assess the different options available for dispute resolution in shipping contracts. 

Demonstrate how the economics of bulk shipping work and their impact on chartering decisions. 

Be cognisant of the best practice for shipping contract negotiations. 

Values and attitudes

Produce a firm offer for the main trades and types of shipping contracts. 

Skills

Be aware of the key responsibilities of the various parties, as these emanate from the different shipping contracts and the Baltic Code. 

Calculate lay-time, demurrage, and despatch calculations. 

Evaluate the responsibilities and obligations under the main types of charter parties. 

Critically assess the value of different types of freight contracts and appraise their profitability. 