Advance Chartering Practice Syllabus on Advanced skill based training T. Balasubramanian - 25 February 2015 ADVANCE CHARTERING - EDUCATOR BALASUBRAMANIAN 1 Introduction Dry Bulk Carriers plays a very vital role in economy, it is employed to move bulk raw materials from the Mining areas into end user country. The size vessel can vary from 40,000 dwt to 200,000+ vessels can carry almost all type of bulk cargoes. Employment and management of these types of require lot of expertise and our syllabus covers most of the commercial aspect of the management. We will handle the whole subject in a practical approach. Ship Types employed in Transportation of the Bulk cargoes International Trade and the Global Shipping Network Patterns of Trade Domestic Trade - shipping versus road and rail The International and Indian Regulatory Regime with IMO conventions IACS - international Association of Classification Societies Flag and Tax The key differences between liner trades and the Tramp trade Cargo types, general reviews Dry Bulk Trades, Routes, tanker both clean and dirty carrier, and Liner Trades Trading Contracts and terms of sale with transport as part of the contract, duties and responsibilities of each Parties: INCO TERMS 2010 - Eleven points applicable for different transportation Common Commercial Terms and abbreviations used in maritime transport ADVANCE CHARTERING - EDUCATOR BALASUBRAMANIAN 2 Contract of Goods by Sea Act, FAS, FOB, CFR & CIF Mates Receipt, Bills of Lading functions and obligations international sale Transections, Letter of Credit Liner Booking Notes, Heavycon A Complete run down of Ship Chartering Process: Roles of Shipowners, Charterers and Shipbrokers Circulation of enquiry for Cargo and Vessel Collection of data and matching vessel with cargo and vice versa. Run Voyage Estimation Taking decision right cargo for right vessel taking into account Preparation of Firm Offer by Shipowners to the Charterers. Counter offer by the charterers Main term finalisation Subjects - by the owners, , need for subject provisions, time validity, how to lift subjects procedures Charter Party Finalisation, terms negotiations based on executed charter party, addendum when it is drawn etc Preparation of final clean fixture recap Preparation of final Charter Party POST FIXTURE DEPARTMENT ROLLS Interpretation of the Charter Party Voyage Instruction to the Master of the vessel giving next intended employment, brief details of c/p, notifying parties, agents name, voyage details etc Bunker Placement, Instructions, arranging funds, quality check etc Agency Nominations, cash advance to the Master of the vessel for salary distribution, petty expenses. Weather routing services, appointment Appointment of survey, Hold cleanliness, quantity determination Instruction related to issuance of Bills of Lading balance freight payment, if any, to be ADVANCE CHARTERING - EDUCATOR BALASUBRAMANIAN 3 collected Laytime Calculation, Demurrage/ Despatch settlement Handle cargo claims/short landing of cargoes Insurance, Arbitration and other legal issues Liaising with P&I Club Liaise with Ship Management company/Dept advising vessels itinerary etc Banking, account and funds arrangements etc The Legal aspects of ship operations SOLAS Regulations, STCW, ISPS, MARPOL, OCIMF ISM Code, implementation shore/inShip ITF Regulations Marine environment and marine pollution Terrorism and piracy Market overview Function of international commodity and shipping market Factors affecting demand and supply Baltic Exchange, BIMCO its function Cabotage, Coastal Shipping Basic Marine Law, Trade imbalances ADVANCE CHARTERING - EDUCATOR BALASUBRAMANIAN 4
