Name: Chartering, Hiring of Vessels & Marine Insurance Training Course
Rating: 4.7 (1076 reviews)

Scheduled Dates

Classroom

29 Jun - 03 Jul 2026

Dubai - UAE

$5,950

21 - 25 Sep 2026

Abu Dhabi - UAE

$5,950

15 - 19 Mar 2027

Dubai - UAE

$5,950

28 Jun - 02 Jul 2027

Dubai - UAE

$5,950

20 - 24 Sep 2027

Abu Dhabi - UAE

$5,950

Online

19 - 23 Oct 2026

Online

$4,950

18 - 22 Oct 2027

Online

$4,950

Why Choose this Training Course?

This Chartering, Hiring of Vessels & Marine Insurance training course is designed to prepare the delegates for vessels chartering types and concepts. This beneficial knowledge will directly lead for keeping the world’s shipping fleet in business.

The vessel charterers need to be in touch with the market to find the most suitable and cost effective transport options. the ship brokers or ship owners should be familiar with the arrangements to hire or charter ships to get the cargoes to their clients by the most cost-effective and timely means.

This PetroKnowledge training course will highlight the following:

Classification of chartering market
Flag states and its role in the maritime industry
Maritime governance and shipping regulations
Maritime conventions
Ship chartering and broking process
Charter party common clauses and concepts
Chartering documents
Ship management and logistics
Maritime liabilities and marine insurance

What are the Goals?

This Chartering, Hiring of Vessels & Marine Insurance training course aims to develop an appreciation of the key practical issues for anyone involved with the vessel chartering or brokerage operations.

This PetroKnowledge training course focuses on developing the attendees’ skills, knowledge, and expertise required for a successful career in the demanding and highly competitive world of shipping.

The main objectives of this Chartering, Hiring of Vessels & Marine Insurance training course are:

The market players in chartering
The role of the shipbroker
International organisations and its conventions
Private organisations (NGO’s) roles & regulations
Types of vessel’s charter parties
Legal aspects between the owning, operating, & chartering partners
Glossary of chartering terms
Interruption of laytime (weekends / holidays, shifting, strikes, breakdowns)
INCOTERMS and CIF, CFR, and FOB export sales
Bill of lading main types and commercial functions
Ship operations and management
Basic principles of marine insurance as a contract of indemnity
Insurance claims settlement, subrogation, and recovery claims
Economic parameters of sea-going vessels
The implication of the existing and future structure of the maritime trade
LNG carrier rental prices reach record levels

Who is this Training Course for?

This 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

How will this Training Course be Presented?

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 PetroKnowledge training course will provide the participants with an in-depth knowledge through detailed information, real-life case studies, photos, and video animation.

Organisational Impact

The organisation will benefit by:

Having a team that will fully understand the fundamentals of ship chartering practice
Managing the market players in chartering
Providing options to management on how best to deal with chartering contracts claims and the solutions
Understanding of interruption of laytime (weekends / holidays, shifting, strikes, breakdowns)
Managing insurance claims settlement, subrogation, and recovery claims
Applying economic parameters of sea-going vessels

Personal Impact

This Chartering, Hiring of Vessels & Marine Insurance training course teaches the competencies that enable delegates to:

Understand the essential aspects and basis of maritime and shipping matters
Improve understanding of how charter parties can be made and or resolved
Gain an understanding of the basis of laytime and demurrage and how to minimise demurrage claims
Gains skill sets to be better prepared to deal with difficult issues relating to chartering and insurance claims
Know the different dispute resolution methods used in resolving these maritime disputes

Daily Agenda

Day 1: Introduction to Ship Chartering, Maritime Governance, and Shipping Regulations

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

Day 2: Ship Chartering & Broking Process and Charter Party Common Clauses

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)

Day 3: Chartering Documents & Ship Management and Logistics

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

Day 4: Maritime Liabilities & Marine Insurance

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

Day 5: Factors Affecting the Vessel Management of Operational / Economical Parameters

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

Certificate

On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.

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