Commodity Trading and Chartering Masterclass

  • Istanbul, Turkey
  • 28 Oct 2020 (3 days)
  • Available seats 23
  • Payment: visa visa visa visa

Course price

Early bird discount BIMCO member From EUR 1035 (Normal price EUR 1150)
Expires 28-08-2020 Non-member From EUR 1395 (Normal price EUR 1550)

Course programme


This masterclass examines commodity sale as a whole. The close links between the sale contract, the insurance contract and the carriage contract will be examined to see why and how the various documents interrelate. 

It requires that the parties enter an international contract of sea carriage, which is heavily influenced by the sale contract. The documents demanded from the ship and cargo underwriters must satisfy the requirements of the sale contract, and carriers and traders need to understand how the various aspects of the overall arrangement inter-relate since their expectations and requirements are influenced by the expectations and requirements of the other parties.

The close links between the sale contract, the insurance contract and the carriage contract will be examined in presentations and case studies to see why and how the various documents which are customarily issued interrelate. Each aspect of the arrangement such as the cargo sale, the cargo insurance and the carriage contracts will be considered both separately and in relation to the other relevant aspects:

  • principles and common forms of commodity sale contracts
  • the relationship between the sale, insurance and carriage contracts
  • principles of cargo and liability insurance
  • the shipowners' versus the charterers' duties
  • forms of contracts of carriage
  • the relevance of compulsory international conventions
  • the bill of lading as a receipt, evidence of contract of carriage and document of title
  • the transfer of rights and obligations between holders of the bill of lading
  • letters of indemnity (LOI).

Who should attend

All staff in operations and chartering as well as traders, importers/exporters, port agents and brokers looking for a content specific course and wide-ranging overview of the chartering field, and the mechanisms driving the market. It is also well suited for finance, accountants and legal consultants who wish to broaden their knowledge base.


10% group discount is available for registering 3 or more participants from the same company.

Members of the following organisations, but who are not BIMCO members can take advantage of the discount BIMCO member rate. 

Please contact the organisation for the discount code, which should be entered when signing up in the webshop.

  • Istanbul & Marmara, Aegean, Mediterranean Black Sea Regions - Chamber of Shipping
  • Turkish Shipbrokers Association






Richard Williams

Richard Williams

Baris Soyer

Baris Soyer


Peter Grube



  • Turkish Chamber of Shipping
  • İmeak Deniz Ticaret Odası Majlis-i Mebus
  • No: 22 34427 Fındıklı-Beyoğlu-İstanbul
  • Istanbul
  • Turkey
  • Website:

The fee includes coffee breaks, lunch and course materials, but not transport or accommodation, which should be arranged by the participant directly with the hotel.

Your safety when attending BIMCO courses

BIMCO works closely with the venue to ensure safe distancing throughout the course, including lunch and coffee breaks, by following local authority guidelines. BIMCO will provide setup details of the room(s) where the training will take place.

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Need more information?

Peter Grube

Peter Grube, Head of Training