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5-Day Training Course

Chartering, Hiring of Vessels & Marine Insurance

Ship Chartering Principles, Liabilities & Compliance to Regulations

Course Overview

This Energy training course on Chartering, Hiring of Vessels & Marine Insurance is designed to equip participants with the knowledge of various types and concepts of vessel chartering. This expertise is crucial for ensuring the continued operation of the global shipping fleet.

Vessel charterers must stay connected with the market to identify the most efficient and cost-effective transport options. Ship brokers and owners need to understand the necessary arrangements to hire or charter vessels, ensuring that cargos are delivered to clients in the most cost-efficient and timely manner.

Key topics covered in this Chartering, Hiring of Vessels & Marine Insurance training course include:

  • Classification of the chartering market
  • The role of flag states in the maritime industry
  • Maritime governance and shipping regulations
  • Maritime conventions and their application
  • The ship chartering and broking process
  • Key clauses and concepts in charter parties
  • Chartering documentation
  • Ship management and logistics
  • Maritime liabilities and marine insurance

Course Objectives

This training course on Chartering, Hiring of Vessels & Marine Insurance aims to provide participants with a deep understanding of the key practical aspects of vessel chartering and brokerage operations.

Focused on enhancing the knowledge, skills, and expertise needed for a successful career in the highly competitive shipping industry, this PetroKnowledge course prepares attendees to navigate the complexities of the maritime world effectively.

Key objectives of this Chartering, Hiring of Vessels & Marine Insurance training course include:

  • Identifying the key players in the chartering market
  • Understanding the role of the shipbroker
  • Exploring the influence of international organizations and their conventions
  • The role and regulations of private organizations (NGOs)
  • Different types of vessel charter parties
  • Legal considerations between owning, operating, and chartering partners
  • Key chartering terms and their meanings
  • Understanding laytime interruptions (weekends, holidays, strikes, breakdowns)
  • Application of INCOTERMS and understanding CIF, CFR, and FOB export sales
  • Main types of Bills of Lading and their commercial functions
  • Managing ship operations and logistics
  • Understanding the fundamentals of marine insurance as a contract of indemnity
  • Handling insurance claims, subrogation, and recovery
  • Analyzing the economic parameters of sea-going vessels
  • Assessing the impact of current and future structures in maritime trade
  • Understanding record levels of LNG carrier rental prices

Training Methodology

This Chartering, Hiring of Vessels & Marine Insurance training course will utilise a variety of proven professional learning techniques to ensure maximum understanding, comprehension, and retention of the information presented. The workshops will be highly interactive and participative. This involves regular discussion between both delegates and consultant. This Energy training course will provide the participants with an in-depth knowledge through detailed information, real-life case studies, photos, and video animation.

Who Should Attend

This Energy Chartering, Hiring of Vessels & Marine Insurance training course is highly recommended for new entrants to the shipping industry, staff in liner shipping companies, chartering, and trading companies.

It is particularly useful for staff involved in day-to-day ship chartering & hiring operations or administration such as:

  • Charterers, Shippers and Maritime Attorneys
  • Contract Professionals / Negotiators
  • Procurement Personnel
  • Chartering Personnel
  • Legal Advisors / Personnel
  • Freight Forwarders
  • Shipping Agents
  • Marine Insurers
  • Legal Advisors
  • Individuals that are looking to expand shipping and international sea-trade knowledge
  • Fresh entrants to the industry whose job responsibilities depend on rapid absorption of specialist knowledge of the charterer industry
  • Shipping Company Owners, Directors, and Senior Manager

Course Curriculum

  • Introduction to ship chartering
    • What is ship chartering?
    • Basic terms used in shipping
    • Classification of chartering market
    • Ship characteristics
    • Ship classification societies
    • Flag states and its role in the maritime industry
    • The market players in chartering
    • The role of the shipbroker
  • Maritime governance and shipping regulations
    • International organisations
      • IMO, ILO & UNCTAD
    • Private organisations (NGO’s)
    • ICS, BIMCO, IACS, INTERTANKO, INTERCARGO & INCOTERMS
    • Maritime conventions
      • SOLAS, MARPOL, STCW & MLC
      • UNLCOS
      • Flag state and port state control
  • Ship chartering & broking process
    • Types of vessels
    • Types of vessel’s charter parties
      • Time charter
      • Voyage charter
      • Pare boat
    • Legal aspects between the owning, operating & chartering partners
    • General and additional clauses of the charter party
    • Responsibilities owners & charters under time / voyage charters
    • The responsibility of the master, officers and engineers
    • Shipbroking and chartering
      • Shipbroker – origin and practice
      • Brokers and their functions
      • Tanker chartering
  • Charter party common clauses
    • INCOTERMS and CIF, CFR, and FOB export sales
    • The concept of seaworthiness
    • Glossary of chartering terms
    • Charter party clauses
      • Laycan, laytime, notice of readiness, demurrage & dispatch
    • Clauses associated with costs
    • Interruption of laytime (weekends / holidays, shifting, strikes, breakdowns)
  • Chartering documents
    • Charter party
    • Bill of lading main types and commercial functions
    • The hague, hague visby, and hamburg rules and their legal impact on the parties to a bill of lading
    • Commercial invoice
    • Cargo manifest
    • Booking note
    • Cargo documents
      • Bill of lading, cargo manifest, certificate of origin, certificate of quality, notes of protests, statement of facts & SSSCL
  • Ship management and logistics
    • Roles of departments in a shipping company
    • Ship operations and management
      • Port agency, liner agency & freight forwarder
    • Transporting cargo
      • Methods of transporting cargo
      • Cargo handling equipment
  • Maritime liabilities
    • Shipowner loss & liabilities:
      • Collisions, jetty contacts and groundings
      • Hull and engine damage repairs and time lost
      • Cargo damage, pollution, crew injury and death
      • Sinking and total loss
    • Charterer liabilities:
      • Unsafe port and berth claims by shipowners
      • Stevedore damage
      • Contaminated bunker fuel damage to ship’s engines
      • Bunker pollution
    • Cargo owner loss & liabilities
      • Cargo damage, total loss or CTL while in transit
      • Cargo theft and piracy
  • Marine insurance
    • What is marine insurance
    • Principles of marine insurance
    • Functions of marine insurance
    • Basic principles of marine insurance as a contract of indemnity
    • Marine insurance policies
    • Types of marine insurance
    • Insurance claims settlement, subrogation, and recovery claims
    • The international group of P and I clubs
  • Vessel management & operational
    • Ship management
      • Technical management
      • Economical management
    • Economic parameters of sea-going vessels (shipping terminology, ship’s tonnage (weight, displacement, capacity)
      • Ship measurements
      • Tonnage
      • Capacities
    • Vessel certificates
      • Requirements according to vessel type
      • Requirements according to navigational geographical areas
    • The implication of the existing and future structure of the maritime trade and the current fleet
      • Registering flag requirements
      • Challenges for vessel registry
  • Vessel economical parameters
    • Procedures and processes for preparing the ship before handing it over to the charterer
    • LNG carrier rental prices reach record levels

Certificates Awarded

Certificate of Completion

After successfully completing this training course, participants will be awarded The Energy Training Centre Certificate of Completion — a respected validation of their dedication to continuous learning and professional excellence. This certificate signifies that participants have gained the essential knowledge and skills required to make a measurable impact in their field.

Upcoming Sessions
Dubai, UAE
Dubai, UAE
Abu Dhabi, UAE
Live Virtual Session

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Frequently Asked Questions

Our training courses are conducted at partnered hotels located within the specified training areas. Please note that venue assignments may vary based on availability. For the most current information, do not hesitate to contact us at [email protected].

Yes, we do. We provide tailored training courses designed to meet the specific requirement of larger group of individuals. These customized training courses can be conducted both classroom and online formats, allowing you the flexibility to choose you preferred dates and duration.

Please contact us at [email protected] to discuss your group’s training needs, and we’ll work with you to create a personalized training course that aligns with your objectives.

Upon successful completion of the training course, you will receive The Energy Training Centre Certificate of Completion with corresponding learning hours.

Yes, special discounts are available upon request if you have more than one registrant for a course. For further information please email us at [email protected]

We offer two convenient payment options:

  • Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
  • Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.

Upon receiving your registration details, either via email at [email protected] or through our online registration form, we will send you the following by email within 24-48 hours of registration.

  • Joining Instructions
  • Invoice/receipt (where appropriate)

There are two convenient options to register for a training course:

  • Online Registration Form – Register for your desired training course by completing the online registration form available on our website. Simple click on the registration button or select your preferred dates and provide the requested information.
  • Email Registration – You can email us your intention to register at [email protected]. Our team will guide you through the registration process and provide assistance you may need.

We understand that time zones may be different between our Senior Consultants and our delegates. Our standard online course timings (11:00 AM to 4:00 PM, GMT+4 – Dubai, UAE) may be adjusted upon confirming the programme. Our team shall communicate between the confirmed registered delegates and suggest a suitable course timing for all.

Our standard course duration for our classroom programmes is 6 hours per day while our online session is 5 hours per day.

Our training courses span across diverse industries, encompassing sectors such as but not limited to:

  • Power & Utilities
  • Oil & Gas
  • Financial Institutions
  • Government and Regulatory bodies
  • Manufacturing & Production Industry

Our commitment lies in continuously refining and expanding our training course offerings to align with evolving industry landscapes. We encourage individuals to explore our website or engage with our dedicated support team for the latest information on available courses, ensuring access to the most pertinent and current educational resources.

Yes, The Energy Training Centre is certified and recognized by several prominent industry standards. Specifically, it holds certifications from ILM, Continuing Professional Development (CPD), and the Project Management Institute (PMI).

  • ILM (ID# 002398B) – This certification indicates that our training programmes meet high standards for leadership and management development, ensuring that they are designed to enhance participants’ skills in these critical areas.
  • Continuing Professional Development (CPD) – Our recognition by CPD reflects our commitment to providing educational opportunities that support ongoing professional growth and skill enhancement. This accreditation ensures that our training courses are relevant and effective for professionals seeking to advance their careers.
  • Project Management Institute (PMI) – Being recognized by PMI signifies that our training programmes align with industry best practices in project management. This certification assures participants that our offerings are in line with the standards required for effective project management and are valuable for those pursuing or maintaining PMI credentials.

These certifications underscore our dedication to providing high-quality, industry-relevant training that fosters professional growth and meets established standards. Additionally, we are actively pursuing further certifications and affiliations to enhance our offerings and ensure we remain at the forefront of industry best practices.

About Energy Training Centre

Energy Training Centre is a leading provider of professional development programs for the energy and public sectors. With over 15 years of experience, we have trained more than 50,000 professionals across the Middle East and beyond.

Our expert-led courses are designed to meet the evolving needs of modern organizations, combining theoretical knowledge with practical applications that deliver immediate value to your career and organization.

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