Shipbroking and Chartering Fundamentals

Shipbrokers are the key to a transaction between a ship owner and the shippers of cargo.

The broker is involved in many stages of a deal: presenting the business to potential clients, negotiating the main terms of a contract, finalising the details of the contract and following the deal through. Brokers provide clients with market intelligence and advice.

Charterparties are one of the key contracts used by brokers in the shipping industry – an industry worth billions of dollars. They are complex and detailed contracts, and using them with clarity and confidence will provide definite commercial advantage.

This course reviews the shipping industry in general from a chartering context, and touches on maritime law, insurance, charter party negotiation, contract documentation and post fixture operational administration.

This course is designed to give all those working with charterparties, including brokers, owners, charterers, operations department staff, lenders and insurers, a practical and commercial grounding.