Commodity Trading & Chartering Masterclass Online

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  • Online, 08:00 UTC
  • 10 Jun 2024 5 days
  • Available seats 25
  • Payment: visa visa visa visa

Course price

BIMCO member EUR 1320
Non-member EUR 1750

Discounts

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

Overview

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.

What will you learn?

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.

Dates and topics of Commodity Trading & Chartering Masterclass

 Day  Session  Topic Speaker
Monday 10 June 1 The relationship between the sale, insurance and carriage contracts  
2  The shipowners’ duties: seaworthiness, care for cargo, proceeding with dispatch, release of bills of lading/sea waybills
Tuesday 11 June 3 The charterers’ duties: nomination of ship, provision of cargo, payment of freight, laytime and demurrage  
4 Dangerous cargo and safe port/safe berth
Wednesday 12 June 5 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  
6  Force Majeure Clauses, frustration and disruption of shipments
Thursday 13  June 7  Forms of contracts of carriage: long/short forms bills, incorporation of charter clauses, multimodal bills, sea waybills, delivery orders  
8  The main functions of the B/L and the transfer of rights and obligations between holders of the bill of lading
Friday 14 June 9  Letters of Indemnity (LOI): Delivery of cargo without bills, deviation, switch bills, unavailable bills under letters of credit etc  
10  Cargo insurance and other types of insurance (Charterer’s liability insurance and P & I cover)

Starting time (for all sessions)

08:00 UTC
09:00 CET

See the time in your local time zone.

How will this course help your professional development?

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. 

Course certification

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.

Course materials

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.

Speakers

Punit Oza

Punit-Oza

Baris Soyer

Baris Soyer

Organiser

Wei Zhuang

Wei-Zhuang

Sibyl Xu

 

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Need more information?

Peter Grube

Peter Grube, Head of Training