Description

This course is both a handy reference and a guide to bridge the knowledge gap between the ship and office staff and the other way around. The work starts with a comprehensive review of shipping terms and vessel characteristics, moves on to optimization of cargo capacity, voyage cost, detailed measurement of liquid cargo with a self-correcting ullage sheet and explanation of the wedge formula, dry cargo draft survey plus computerized worksheet, bunker management and financial planning in shipping (buy-lease or charter examples). Shipping is a business and it is essential to quantify all relevant costs, and as such is a necessary component of management. Also, there is excellent advice on using letters of credit. Finally, it illustrates what can happen when a dispute arises.

Program

MBA

Objectives

• The objective of this course is give the commercial manager detailed knowledge about voyage costs, charter parties, the proper wording of bills of lading and the optimum procurement of bunkers. It is also very important to safeguard freight payments and to be well prepared to assist in dispute resolution. The job entails developing and maintaining good contacts with ship brokers and agents, cargo and insurance interests, bunker suppliers, superintendents, bankers, lawyers, government agencies and regulators, surveyors -and above all- the key representative on board: the master. Upon completion of this course, students should be able to: • Understand the basic vessel characteristics. • Comprehend the maximizing cargo capacity. • Estimate voyage cost. • Demonstrate time charter parties. • Explain fuel management. • Develop financial planning.