10% group discount is available for registering 3 or more participants from the same company.
Commodity Trading & Chartering Masterclass Online is a series of 10 online sessions delivered over 5 days. Each day will run for 2x75 minutes with a short break in between. The course will examine commodity trading as a whole and discuss international contracts of sea carriage, which are heavily influenced by sale contracts.
The close links between the sale contract, the insurance contract and the carriage contract will be examined in presentations and cases 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.
|Monday 10 June
|The relationship between the sale, insurance and carriage contracts
|The shipowners’ duties: seaworthiness, care for cargo, proceeding with dispatch, release of bills of lading/sea waybills
|Tuesday 11 June
|The charterers’ duties: nomination of ship, provision of cargo, payment of freight, laytime and demurrage
|Dangerous cargo and safe port/safe berth
|Wednesday 12 June
|Fundamental principles of sale contracts: offer and acceptance, price, fitness for purpose, and common forms of sale contracts: INCOTERMS, payment mechanisms, letters of credit (UCP 600), required documentation
|Force Majeure Clauses, frustration and disruption of shipments
|Thursday 13 June
|Forms of contracts of carriage: long/short forms bills, incorporation of charter clauses, multimodal bills, sea waybills, delivery orders
|The main functions of the B/L and the transfer of rights and obligations between holders of the bill of lading
|Friday 14 June
|Letters of Indemnity (LOI): Delivery of cargo without bills, deviation, switch bills, unavailable bills under letters of credit etc
|Cargo insurance and other types of insurance (Charterer’s liability insurance and P & I cover)
This course is designed for those of you 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.
Participants will be given an option of taking a final assessment (one-hour open-book test) at the end of the course, and Certificate of Achievement will be issued with a grade (distinction, merit or pass). Those not taking the assessment will receive a Certificate of Attendance.
BIMCO issues electronic course files as an Adobe PDF file enabling you to make personal notes. All documentation and presentations will be in English. Course access details will be provided once the registration is completed.