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Price: $(USD) 229
Course Level
Intermediate
Delivery Method
On-Demand Self-Study Course
Professional Development Credit Hours
2
Pre-requisites
There is no pre-requisite for this course.


Faculty

All on-demand self-study courses are written by members of our Faculty in their areas of expertise.

Accreditations

NASBA: Mennta Energy Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org

CPD Certification Services: The CPD Certification Service works with Mennta Energy Solutions to ensure valuable knowledge is structured to complement the universal guidelines of Continuing Professional Development. Mennta Energy Solutions courses are approved by CPD at one credit per training hour.

BAC: Mennta Energy Solutions is pleased to be endorsed by the BAC for Independent Further Education as a Short Course Provider. Endorsement covers courses delivered in the UK only.

GARP: Mennta Energy Solutions is registered with GARP as an Approved Provider of Continuing Professional Development (CPD) credits.

Introduction to Shipping Contracts (ON-DEMAND) - ISC


Course Summary

Course developed in association with Richardson Lawrie Associates Ltd. Introduction to Shipping Contracts is an online training course that provides a practical understanding of the commercial aspects of shipping contracts (‘charter parties’) and the implications for the business of chartering which result from specific charter party clauses. The course will cover the provisions of spot related and time charter parties as used in the oil, LPG, LNG and liquid bulk chemicals markets. It will cover the types of contract arrangement that are available, the construction of charter parties and the relevance of key charter party clauses. This course will guide you through some of the essential features of shipping contracts (‘charter parties’) for the transportation of crude oil and petroleum products and, to a lesser extent, Liquefied Natural Gas (LNG), Liquefied Petroleum Gas (LPG) and bulk liquid chemicals. The focus is on those key clauses which can have a major impact on the successful outcome of a contract, for either the charterer or the ship owner/operator.

Who Should Attend?


Course Content

You will learn to:

  • Distinguish between different types of charter arrangement
  • Recognise the main concepts behind the construction of spot and time charter parties (shipping contracts)
  • Point out that while there are many versions of spot charter parties which deal with the same concepts their wording, interpretation and financial implications may differ
  • Identify some of the practical issues that arise from certain time charter party clauses Identify the key clauses which have an important commercial impact in relation to the performance of the contract
  • Identify one example each of a spot and time charter party. (The course will provide you with a copy of one single voyage charter party and one time charter party to enable you to put the key points from each lesson in a wider context, these can be found in the drawer under ‘Resources’ and can be saved or printed.)
  • Recognise some of the special provisions which need to be made for specialist ships carrying liquid cargoes

 

Practice exercises and self-assessment quizzes are included to help reinforce key topics introduced throughout the course.

A comprehensive final test will be given at the end of the course.

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