Shipping Business

AIM

  1. To ensure a sound understanding of the elements of knowledge common to all sectors of shipping
  2. To develop relevant communication skills

THE SHIPPING BUSINESS ENTITY

  • Sole traders, partnerships, private and public limited companies, conglomerates and multinationals; company organisation and management; vertical and horizontal integration; quality assurance systems.

SHIPPING BUSINESS SECTORS

  • Dry Cargo Chartering: Role of the broker; relationship with shipowners and
  • charterers, the market and how it operates.
  • Tanker Chartering: Distinctive features of the market; brokers, owners and charterers (including oil majors, producers, traders); use of Worldscale.
  • Ship sale & purchase: Buyers, sellers, brokers and valuers; the stages in the sale of a ship; the market in ships.
  • Ship operation & management: The need for ship managers, in-house or independent; services offered, including total, commercial, technical management; crewing agencies.
  • Port Agency: Tramp & tanker agents; scope of work; relationship with shipowner and charterer; supervisory/protecting agents.
  • Liner agency: In-house or independent; types of appointment; range of
  • responsibilities; relationship with line operators, exporters, shippers, forwarders, NVOCs.
  • Freight forwarders and non vessel operating carriers. Agency role and carrier role.
  • Multi-modal transport, logistics and supply chain management.

BUSINESS ETHICS

  • Business ethics in shipping; maritime fraud; minor fraud and default; Areas of major fraud and its avoidance.

GEOGRAPHY OF TRADE

  • Trading patterns of main raw materials; Major ports, their principal trades and characteristics; The choice of transport modes; Effects of weather and other natural phenomena upon shipping and trade.

INTERNATIONAL TRADE & FINANCE

  • Terms of sale in international trade; INCOTERMS; obligations of buyer and seller.
  • Importance of documentation; the insurable risk.
  • Methods of payment, including documentary letters of credit; ICC Uniform Custom & Practice; bills of exchange.
  • Regulatory control of imports and exports including customs procedures & licensing.
  • Foreign currency transactions; currency hedging.
  • Calculating, collecting and remitting freight, hire and other funds; accounting with principals; clients’ funds; freight hedging.

BUSINESS COMMUNICATIONS

  • All forms of business communications, including letters, memos, formal reports, market reports, articles for publication in different media, e-mail. The use of computers and computer networks in communication and other business applications.

SHIPPING ORGANISATIONS – THEIR ROLE AND CONTRIBUTION

  • Shipowner organisations – INTERCARGO; INTERTANKO; Baltic and International Maritime Council (BIMCO); International Chamber of Shipping; National Shipowners’ Associations.
  • Brokers and agents organisations – Institute of Chartered Shipbrokers; The Baltic Exchange; Federation of National Associations of Shipbrokers and Agents (FONASBA); International Federation of Forwarding Agents Associations (FIATA).
  • United Nations agencies – International Maritime Organisation (IMO), United Nations Council for Trade & Development (UNCTAD).
  • Chambers of Commerce; International Chamber of Commerce; International
  • Maritime Bureau.
  • The Corporation of Lloyds and other insurance markets.
  • Classification Societies, including Lloyds Register of Shipping; International
  • Association of Classification Societies.
  • International Transport Workers’ Federation (ITF).

NB: No exemption is permitted from this subject. Compulsory subject year 1 of qualifying examinations

© Norsk Skipsmeglerforbund ⎪ +47 22 33 02 00 ⎪ mail@shipbroker.noDisclaimerTil toppen