Practical Dry Cargo Chartering

Low freight markets may appear to be advantageous to charterers. However, chartering has always been a complex business, and today the risk is greater than ever. The rapid rise then fall of the freight markets have exposed owners, disponent owners and charterers to hire payment defaults in the charter party chain. It is therefore essential that managers responsible for a company’s chartering activities should possess a knowledge of their markets and the skills to properly protect the company’s interests. “Practical Dry Cargo Chartering” has been held annually in London for over 20 years, and many senior executives in today’s top businesses can be counted amongst its alumni.

Programme Content

INTRODUCTION

  • Contractual Relationships and Types of Charter Parties
  • What a Charterer Looks for in a Deal

MARKET FACTORS

  • Dry Cargo Market: Demand Factors
  • Dry Cargo Market: Supply Factors

THE LAW & CHARTER PARTIES

  • Legal Principles of Charter Parties and Bills of Lading
  • Key Clauses in Dry-Cargo Charters
  • Payment of Freight, Hire and Commission Clauses and their implications
  • Charter Parties: Special and Additional Clauses

VOYAGE ESTIMATING

  • Voyage Estimating Principles
  • Voyage Estimating Practical Exercise

POST FIXTURE

  • Who does What with Whom
  • Laytime and Demurrage Principles
  • Laytime and Demurrage Practical Exercises

IMPORTANCE OF SHIP FINANCE

  • Ship Finance and its Commercial Significance
  • Market Practice

HOW IT ALL FITS TOGETHER: CASE STUDY

  • Fixing a Ship Case Study Introduction
  • Time Charter Negotiation
  • Comparison of Time Charter Fixtures
  • Voyage Charter Selection

CONCLUSION

Speakers

The following have lectured on the course in recent years and will form the core of presenters for the above programme:

  • Karina Albers, Mediator, Arbitrator and FFA Expert, Alstertrader London & Hamburg
  • Catharine Bacon, Former Manager, Ocean Transportation Division, Cargill Plc
  • Jeffrey Blum FICS FICArb, Past Chairman, ICS London Branch, & Director, Interlink International Trading (UK) Ltd
  • Andrew Craig-Bennett, Deputy General Manager, Cosco Maritime UK Ltd
  • David Cross, former Chartering Manager, Fairwind Shipping and Member of the Baltic Exchange
  • Dr John M Doviak, Managing Director, Cambridge Academy of Transport
  • Stephen Kirkpatrick, Partner, Reed Smith
  • Mrs Jean Richards, Director, Fairwind Shipping Ltd
  • Capt Philip J Wood, Executive Director, Trade & Transport (UK) Ltd

Course information

Dates to be announced
Novotel London Paddington

Course fee

The cost of the four days is £3,100 per person, fully inclusive of UK Value Added Tax, tuition, refreshments, and lunch each day. Accommodation is NOT included but our nominated travel agency company would be pleased to suggest alternatives in London at a range of prices.

Programme and Booking Form

To download a programme giving fuller details of the course,  click here.

For a Booking Form,  click here.