Course description
Certificate in Chartering - A 12-week online programme on legal skills for chartering
For professionals working with charters, an understanding of the practical, commercial and legal frameworks governing charter parties is absolutely essential. With significant losses stemming from the smallest of errors or misunderstandings, comprehensive and practical knowledge in chartering operations offer chartering organisations significant savings.
This part-time, distance training course is designed to cover all aspects of key issues in chartering, legal and practical solutions to problems and techniques for avoiding such problems all together. Upon completion of this course, Participants will have an understanding of:
- What terms to put into a charter party
- What not to include in a charter party
- How a charter party will affect other obligations and contacts.
Suitability - Who should attend?
This distance learning Certificate in Chartering has been designed to accomodate the schedules of working professionals. Suitable candidates may include, but are not limited to:
- 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.
Outcome / Qualification etc.
Upon completion of this course, Participants will be awarded a Certificate in Chartering from Lloyd's Maritime Academy.
Training Course Content
Delivered entirely online, this training course will cover the following modules:
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
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
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
Time Charterparties III – Ports and Performance
• Safe ports• Performance
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
Voyage Charterparties II – Charterers’ Obligations
• Freight• Cargo• Cancelling rights• Loading/discharging• Taking delivery
Voyage Charterparties III – Laytime and Demurrage
• What is laytime?• Starting laytime• Exceptions to laytime• General exceptions• Demurrage and despatch• Laytime calculations• Charterers’ defences
Conflict, Interaction and Resolution
• Bills of Lading• Charterparties v. Bills of Lading• Incorporation of charterparties into bills• Competing charterparties (time and voyage)• Letters of Indemnity• Dispute resolution• Contractual losses – English law
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Lloyd's Maritime Academy
Lloyd’s Maritime Academy was born from Lloyd’s List. Lloyd’s Maritime Academy is the trusted brand for professional development, working with leading academic and industry bodies to provide accredited education and training where it is much needed.We are stepping up investment...