NEW ONLINE COURSE OFFERING
The Association of Shipbrokers and Agents (USA), Inc. is pleased to announce that its popular course:
Business of Shipping Intensive
This course has been offered live at venues across the United States and abroad for the past 15 years. It will now also be offered online. Students will have access to audio lectures and other materials posted on a dedicated learning platform. There will also be a Q and A forum where students and the Professor can interact. Special ZOOM meetings will be scheduled to master the materials. Students are encouraged to share their insights throughout the course.
Our instructor, Professor Jeffrey A. Weiss (see his biography and invitation below) has advised that the materials covered will be similar to those covered in a business of shipping course offered at a maritime university’s graduate level (modified for the benefit of the working professional).
6 weeks - Fall Session: Monday Sept. 21 through Nov. 1, 2020
Weekly Time Commitment - 5-6 hours - audio lectures and written materials
Topics to be Covered
1. Dry Cargo Vessels and Trades
Students will become knowledgeable about dry cargo vessels and the cargos they carry.
2. Tankers and Tanker Trades
In this part of the course, we learn about tankers and tanker
3. Registry and Flag
A ship that is registered under a nation’s flag becomes subject to the laws of that nation. Choosing one flag over another has consequences impacting taxes, ship finance, maritime safety compliance, crewing and terms of employment, among others.
4. Classification Societies
Classification societies are independent of the insurance industry and of the government of the nation in which they are located. Whether you work on owner’s side, charterer’s side, or as an intermediary, you need to have a better understanding of the role of class.
Fuel oil is a major voyage cost. The price of fuel will vary substantially from port to port as well fuel oil quality can also be an issue.
6. Sale and Purchase of Vessels
The sale and purchase of a vessel may involve listing the vessel for sale with a broker, negotiating the sales contract, preparing the sales agreement, inspection of the vessel by the buyer or its designee and the payment of funds and the closing of title.
7. The Underlying Trade Transaction
The trade transaction involves a seller and the buyer who must agree on who is to be responsible for the transport, cargo insurance and related costs. They will utilize standard terms and shipping documents. You will better understand the relationship between the underlying sale and the shipping transaction.
8. Cargo Considerations
The ocean carrier enjoys generous protections under the maritime law against responsibility for cargo loss or damage no matter the differences between types of trades.
9. Cargo Insurance Basics
Cargo may be lost or damaged while in transit or a general average may arise during the voyage. Cargo interests need marine cargo insurance to protect against these and other risks.
10. Time Charter Basics
We will examine the time charter party concept and frequent issues that arise out of a time chartered voyage.
11. Voyage Charter Basics
We will examine the voyage charter party concept and frequent issues that arise out of a voyage charter party.
12. Demise (Bareboat) Charter Basics
We will discuss bareboat charter party concepts and select issues that might arise out of this form of contract.
We will examine the role of the shipbroker, the rich history of ship brokerage, and the high standards expected of those in the ship brokerage profession.
14. Ship’s Agency
Ship's agents play a crucial role in international shipping and trade and represent their principals in the ports of call around the world.
15. Maritime Law Basics
Admiralty, or maritime law, is the result of customary practices, judicial precedent, statutes, and legal practices that govern navigation and maritime commerce.
16. More Efficient Dispute Resolution
Shipping transactions often give rise to disputes. Dispute resolution costs time and money and must be managed effectively.
17. The Bill of Lading
Bills of lading is a critical component of the trade transaction that must be understood. We discuss select B/L issues in this part of the course.
18. Hull and Machinery Cover and Markets
A good working knowledge of hull and machinery insurance is essential for ship owners, operators, managers, lenders, and just about everyone else in shipping.
19. Protection and Indemnity Cover
Protection and Indemnity (P&I) is often underwritten on a mutual basis and subject to sophisticated reinsurance agreements. We talk about this fascinating aspect of shipping in this part of the course.
20. Private Regulation – Ethics in Trading
There is a famous expression in shipping: “Our Word Our Bond”. We talk about shipping ethics including the ASBA Code of Ethics.
21. Cutting Edge Issues in Shipping
We use this part of the course to identify some of the most pressing issues in shipping today.