Course description
Welcome to the 5-day course on Vessel Ownership & Ship Finance! This intensive program provides a comprehensive understanding of the critical aspects of owning, financing and managing ships in the maritime industry. Whether new to the field or seeking to expand your knowledge, this course will equip you with the essential concepts, tools, and strategies to navigate the complexities of vessel ownership and ship finance.
Throughout the course, you will delve into various topics, including the shipping cycle, types of vessels, forms of ownership, trade routes, ship finance, purchasing second-hand vessels, capital and operating costs of shipping, revenue generation, accounting for shipowners, insurance, ship sales, and turnaround strategies. The content is structured and practical, combining theoretical insights with real-world examples and case studies to enhance your learning experience.
Upcoming start dates
Outcome / Qualification etc.
By the end of Ship Finance and Vessel Ownership Course, participants will:
- Understand the fundamental concepts of vessel ownership and ship finance, including the shipping cycle, types of vessels, forms of ownership, and trade route implications.
- Explore the sources of finance available for buying and financing a ship, and develop insights into working capital management, debt considerations, and credit management.
- Acquire the knowledge and skills to effectively negotiate ship sale and purchase transactions, including understanding the legal framework, contract documents, and contingency planning.
- Gain insights into the capital and operating costs associated with shipping, including revenue generation strategies, cost management techniques, and decision-making processes.
- Develop an understanding of accounting models for shipowners, including cash flow management, budgeting, and financial reporting.
- Familiarize yourself with the concepts of ship insurance, industry practices, risk management, and the procedures involved in ship sales, including voluntary and forced sales.
Training Course Content
Introduction to Vessel Ownership & Ship Finance
- Shipping cycle and vessel types
- Forms of vessel ownership and trade routes
- Legislation and regulations in vessel ownership
- Ship finance: stock exchange, prospectus rules
- Ship registration and flag choice
- Introduction to tax considerations: tonnage tax
Buying, Financing, and Managing a Ship
- Sources of finance for ship acquisition
- Debt and credit management in ship financing
- Key considerations for purchasing second-hand vessels
- Commercial aspects and effective negotiation in ship sale
- Legal framework and contract documents in ship transactions
Revenue Generation and Capital Costs of Shipping
- Chartering and revenue streams for ships
- Overview of operating costs and cost management strategies
Financial Management for Shipowners
- Accounting models and cash flow management
- Budgeting and financial reporting for shipowners
- Financial analysis and decision-making in shipping
Risk Management and Ship Sales
- Concepts of insurable interest and risk attachment
- Overview of Lloyd's Market and ship insurance
- Voluntary and forced sales of ships
- Procedures during ship possession and sale
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London Maritime Academy
London Maritime Academy provides a wide range of maritime training courses tailored to the global industry. Located in London and known for international standards, we offer diverse Classroom and Online courses taught by highly experienced experts in the maritime sector....