Vessel Chartering and Marine Insurance Training Course

Participants can match vessel capability to cargo, route, terminal and employment requirements.

• Handysize, Panamax, Supramax and Capesize employment patterns assessed
• Tankers classified by parcel size, trade and cargo segregation needs
• Container vessels evaluated through slot capacity, schedules and equipment
• Deadweight, gross tonnage and cargo capacity distinguished accurately
• Draft, air draft and port restrictions screened before vessel selection
• Cargo gear, grabs and cranes checked against terminal handling arrangements
• Class, flag and statutory certificates reviewed during pre-fixture screening

Participants can choose a charterparty structure based on control, cost and risk allocation.

• Voyage charters allocate voyage costs between owner and charterer
• Time charters separate vessel hire from voyage expense responsibilities
• Bareboat charters transfer possession, management and many operating obligations
• Contract of affreightment terms planned for repeated cargo liftings
• Trip time charter and period charter commercial uses compared
• Risk matrices identify responsibility for bunkers, port charges and delays
• Charter structure selected against cargo certainty, route complexity and control

Participants can prepare and evaluate chartering enquiries, offers and counteroffers.

• Cargo enquiry particulars defined using quantity, laycan and loading terms
• Position lists assessed for vessel availability and ballasting feasibility
• Firm offers distinguish subjects, conditions and binding commercial terms
• Counteroffers recorded through a controlled negotiation comparison sheet
• Subject details, subject stem and subject board meanings clarified
• Laycan ranges tested against vessel itinerary and port congestion data
• Offer validity, withdrawal and acceptance risks identified before confirmation

Participants can prepare a clear fixture recap and identify clauses requiring negotiation.

• Fixture recaps organised into commercial terms, clauses and documentary attachments
• GENCON 2022 provisions reviewed for voyage charter party allocation
• NYPE 2015 clauses examined for time charter operating responsibilities
• Rider clauses checked against printed form provisions and recap hierarchy
• Recap precedence clauses drafted to prevent inconsistent commercial instructions
• Broker commission, address commission and freight payment terms documented
• Execution authorities and recap approval controls established before signature

Participants can calculate core chartering costs and compare fixture economics.

• Lump-sum, per-tonne and worldscale freight structures calculated
• Time charter hire computed from daily rate and hire periods
• Bunker consumption estimated for laden, ballast and port operations
• Speed-consumption warranties tested against voyage estimate assumptions
• Port costs, canal dues and agency charges incorporated
• Time-charter equivalent revenue calculated from voyage revenue and expenses
• Sensitivity tables compare freight, bunker price and delay scenarios

Participants can administer laytime events, notices and contractual time counting.

• Laytime clauses distinguish berth, port and dock charter concepts
• Notice of readiness validity tested against arrival and readiness facts
• Statement of facts reviewed for berth, weather and cargo events
• Time counting applies SHEX, WIFPON, WIBON and UU clauses
• Interruptions classified under weather, strike and exception provisions
• Reversible laytime calculations combine loading and discharge allowances
• Notice registers establish evidence trails for terminal and vessel events

Participants can prepare and challenge delay claims using supporting operational records.

• Demurrage claims calculated from expired laytime and agreed daily rates
• Despatch clauses assessed for rate, basis and time-saving treatment
• Detention distinguished from demurrage where no laytime regime applies
• Time sheets reconcile notices, statements of facts and port logs
• Claim time bars monitored through charterparty notification provisions
• Supporting documents assembled for demurrage claim submission packages
• Settlement positions evaluated using claim quantum, evidence and commercial relationships

Participants can assess vessel performance claims and off-hire events under time charters.

• Speed and consumption warranties compared with good-weather performance data
• Weather routing records assessed before alleging underperformance claims
• Off-hire clauses tested against machinery failure and crew deficiency
• Causation analysis separates charterer delay from vessel-related lost time
• Performance calculations account for currents, weather exclusions and tolerances
• Logbooks, noon reports and engine data preserved as evidence
• Hire deductions controlled through contractual notices and legal advice escalation

Participants can assign cargo handling responsibilities and control cargo-related exposure.

• FIO, FIOS and liner terms allocate stevedoring cost responsibilities
• Stowage plans checked against cargo compatibility and stability requirements
• IMSBC Code risks identified for solid bulk cargoes
• IMDG Code documentation reviewed for packaged dangerous goods shipments
• Cargo surveys, draft surveys and tally records planned
• Moisture limits and transportable moisture limits checked before loading
• Damage prevention controls assigned among ship, terminal and charterer

Participants can manage shipping documents and identify cargo liability implications.

• Bills of lading distinguish receipt, evidence and document-of-title functions
• Mate's receipts checked before clean bill of lading issuance
• Claused bills assessed against apparent cargo condition and documentary obligations
• Hague-Visby Rules applied to carrier duties and liability limits
• Sea waybills and straight bills compared for delivery control
• Letters of indemnity evaluated for delivery and clean-bill risks
• Document instructions aligned with sales contracts and letters of credit

Participants can evaluate seaworthiness and regulatory issues affecting charter performance.

• Seaworthiness obligations examined under charterparty and cargo carriage regimes
• ISM Code responsibilities linked to vessel management and safety systems
• SOLAS requirements considered for cargo declarations and verified mass
• MARPOL restrictions assessed for bunkers, emissions and cargo residues
• Sanctions screening applied to parties, ports, cargoes and payment routes
• Port state control history reviewed during vessel due diligence
• Pre-fixture compliance checklists document acceptance, escalation and approval decisions

Participants can structure a marine insurance programme around chartering exposures.

• Insurable interest identified for cargo owners, charterers and shipowners
• Utmost good faith and fair presentation duties examined
• Policy schedules matched with voyage, cargo and contractual exposures
• Deductibles, limits and aggregation provisions assessed before placement
• Broker submission information prepared from vessel, cargo and route data
• Certificate wording reviewed against contractual insurance requirements
• Insurance placement calendar coordinates renewals, declarations and voyage-specific cover

Participants can identify vessel physical-damage cover and war-risk issues affecting charters.

• Hull and machinery cover responds to insured physical loss
• Institute Time Clauses Hull provisions reviewed at clause level
• Sue and labour costs distinguished from insured repair costs
• General average contributions linked to casualty and cargo interests
• War-risk exclusions assessed for named areas and hostile acts
• Additional premiums considered for listed war-risk trading areas
• Casualty notification sequences coordinated among owner, charterer and insurer

Participants can assess P&I liabilities arising from vessel operation and charterparty commitments.

• P&I mutual structure explained through clubs, pooling and reinsurance
• Cargo liability cover assessed against bills of lading and carriage rules
• Pollution, collision and wreck-removal liabilities assigned under P&I rules
• Crew, passenger and third-party injury exposures identified
• Charterers' liability cover compared with shipowners' P&I protection
• Contractual indemnities checked against club cover and exclusions
• P&I letters of undertaking distinguished from bank security

Participants can select cargo insurance terms and assess common recovery issues.

• Institute Cargo Clauses A, B and C compared
• All-risks wording tested against exclusions, conditions and insured perils
• Warehouse-to-warehouse transit scope traced through multimodal cargo movements
• General average, salvage and sue-and-labour interests recognised
• Inherent vice, delay and insufficient packing exclusions assessed
• Cargo values declared using invoice, freight and anticipated profit
• Survey instructions and mitigation actions initiated after cargo damage

Participants can manage chartering and insurance claims from notification through recovery strategy.

• First notices preserve contractual rights and insurer notification compliance
• Evidence plans identify documents, witnesses, surveys and electronic records
• Subrogation rights tracked after insurer payment to insured parties
• Recovery targets prioritised among carriers, terminals, charterers and suppliers
• Without-prejudice communications separated from operational fact reporting
• London arbitration, LMAA terms and jurisdiction clauses compared
• Mediation and commercial settlement evaluated before formal proceedings

Participants can negotiate commercially defensible terms and establish post-fixture controls.

• Negotiation mandates define walk-away positions and delegated authorities
• Clause comparison matrices expose unacceptable deviations from company positions
• Risk-priced concessions exchange value without obscuring responsibility
• Operational teams review clauses affecting notices, bunkers and cargo handling
• Post-fixture handover packs assign owners, dates and escalation triggers
• Obligation registers track charterparty milestones, notices and payment dates
• Management reporting combines exposure, operational status and claim indicators

Participants can build, review and present a complete chartering and marine insurance plan for a defined vessel movement.

• Cargo movement brief converted into vessel, route and laycan requirements
• Charter structure justified through cost, control and risk analysis
• Fixture recap drafted with negotiated commercial terms and priority clauses
• Freight, hire, laytime and delay exposure modelled using assumptions
• Cargo, P&I, hull and war-risk cover mapped
• Claims response plan assigns notifications, evidence and recovery actions
• Peer review tests presentation against commercial, operational and insurance challenges