Ship Brokering
AT THE END OF THIS SEMESTER,
YOU WILL BE ABLE TO
- Provide students with a thorough understanding of the ships and its particulars
- To gain an insight into the financial aspects in day-to-day vessel's operations and special operations.
- To understand the process of Marine claims, Insurance, and ship owner's position with regards to financial liabilities, and the participant's role in protecting the owner's interests.
- To apply the above knowledge towards effective cost-saving measures for ship owners
- Thorough understanding of Voyage Estimation
Curriculum includes
Unit 1
Introduction to Ship Brokering
- Basics of ship brokering practice
- Introduction to top ship brokering houses
- Job of a ship broker
- Skills and qualification required & advantage IMBA
Unit 2
Market Study
- Dry market study
- Baltic report
- Platts report
- Study of various routes
- Market report study for various size of vessel
- Study of market influencing factor
Unit 3
Client Development
- Charterers and owners database exploring
- Consolidating list of owners and charterers
- Consolidating list of in-house brokers, contacting the prospective clients
- Build your own client base.
Unit 4
Negotiations
- Firm offers from Charterers and owners
- Thorough study of the offers
- Passing the counters
- Consolidating and colour coding of the counters
- Negotiating on terms not agreed
- CP analyses
- Consolidating counters
- Prepare clean recap
- Prepare clean fix recap after lifting of subs
Unit 5
Charter Party
- Understanding of sea contracts
- Contract of carriage
- Various Charter parties
- Legal aspect of charter party
- Preparation of Voyage and Time CP
- Understanding of various clauses
Unit 6
Pre/Post Fixture Operation
- Passing of voyage orders
- Allotment of the agent
- Issuance of LOI
- B/L, Switching B/L
- Laytime checking and preparation
- Passing of invoices
- Timely payment of hire/freight
- Raising of brokerage invoices
Unit 7
Claim settlement
- The legal rights and duties of parties including the charterers and the owners
- Procedure for amicable claim settlement
- Settlement of laytime