Introduction to Shipping Terminology - IST 

CPE Credits Awarded:
Categories: Oil Industry, Shipping and Bunkering

Course Date Duration Venue Price Register by Date Register
Open date - Not scheduled. Please enquire.
IST

Gold Course This one-day course provides an introduction to shipping terminology, including the main terms and activities that explain what the jargon means, the processes and the roles of who is involved in the shipping world. Its teachings will also include information on legislation, freight contracts and markets and negotiations within the industry.

 

Do you have a question or enquiry regarding this course?

Please contact your local sales team:

Asia Pacific Europe, Middle East, Africa, Central & South America North America

This course is designed for non-specialist staff who interact with shipping companies, charterers and lawyers and other executives who need to understand the main terminologies. This course will provide you with all the basics to ask the right questions and get the right answers.

Ship Types, Characteristics and Trades

  • Ship types: commercial definitions; AFRA types, knots, dwt, GRT, LOA, beam, draft
  • Ships by trade, products they carry

The Cast of Characters - Who Does What

  • Owners, operators, charterers, shippers, brokers
  • Institutions and organisations, e.g. PSC, IMO, Intertanko, SITGO, CDI, SIRE, OCIMF, Worldscale, Marpol, Solas, London Tanker Brokers Panel

The Voyage from Planning to Completion

  • Who gives orders
  • The sequence of events
  • Letters of Indemnity
  • Bills of Lading
  • The negotiation

Types of Freight Contract

  • Spot, T/C, COA, CVs, bareboat charters, terms e.g. TCE, owners/charterers responsibilities

Worldscale, AFRA and the Freight Markets

  • How rates are reported

Demurrage

  • Inco Terms FOB, CIF, CFR

Legislation and Its Impact

  • Single hull phaseout
  • IMO/EU/OPA 90

Contract Terms and Charter Parties

  • Charter party terms e.g. law, description of the parties, differences, other issues e.g. deadfreight
  • COA and T/C terms

Voyage Negotiation

This is a one day course with the following keywords: ship, ships, shipping, tanker, tankers, tankering, maritime, chemicals, LNG, Liquefied Natural Gas, gas tankering, sea transportation, gas carrier, tanker ownership, chartering, crude shipping, cargo, cargoes

Faculty

Mr Charles Lawrie

Testimonials

If you have attended a past course please provide us with some feedback.

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