INTRODUCTION
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 the
OBJECTIVES
Understand shipbroking – the profession, its origins, purpose and industrial relevance understanding of the practical, commercial and legal frameworks governing charter parties is absolutely essential.
cover all aspects of key issues in chartering, legal and practical solutions to problems and techniques for avoiding such problems all together
Recognise alternative chartering strategies U nderstand the charter party – its usage, purpose and legal influence on a charter agreement
Comprehend CFR vs FOB sale terms
Analyse voyage estimating – how ship owners determine freight rates
Identify laytime definitions
Gain a working knowledge of bills of lading
WHO SHOULD ATTEND ?
Charters and ship brokers seeking guidance on drafting accurate charter party agreements
Sea faring personnel requiring a comprehensive legal framework for key contracts
Professionals working in associated sectors, such as lawyers, insurers, claims handlers and adjusters seeking an understanding of chartering within the maritime industry
Logistics, operations and distribution managers requiring a legal understanding of the contracts which affect the shipping of goods.
Day 1
Introduction, Market Context and Broking
What is a charterparty?
Types of charterparty
Commercial context of charterparties
Examples of charterparties used in different trades
Key issues of contract law as applicable to charterparties
Broker s role in negotiating and fixing charterparties
Day 2
Time Charterparties I – Introduction and Owners’ Issues
Trade ‘jargon’ and abbreviations
Owners and time charterers – who are they?
Main features of a time charterparty
Routing and due despatch
Description of the vessel
Seaworthiness and maintenance
Delivery obligations
Customary assistance
Bunkers – supply and liability issues
Obligations to cargo interests
Day 3
Time Charterparties II – Charterer Issues
Hire
Failure to pay hire – owners’ remedies
Cargo loading/discharge and description
Use and employment of vessel and indemnity
Cargo claims – Interclub Agreement
Day 4
Voyage Charterparties I – Introduction and Owners’ Obligations
What is a voyage charterparty?
Commercial context
Stages of the charterparty
Vessel description
Expected ready to load/eta
Seaworthiness
Hague Visby Rules
Owners’ lien on cargo
Day 5
Voyage Charterparties III – Laytime and Demurrage
What is laytime?
Starting laytime
Exceptions to laytime
General exceptions
Demurrage and despatch
Laytime calculations
Charterers’ defences
