Lesson series

Shipping Contracts Management

This Master Class offers a practical, case study-focused analysis of essential shipping contracts, including Ship Management, Sale & Purchase, Contracts of Carriage and Affreightment, designed to minimize disputes and support business growth. It emphasizes best practices, the risks of poorly drafted agreements, and the consequences of homemade clauses. The course also examines alternative dispute resolution methods, outlining their pros and cons.

Mode

Online Program (Zoom)

Language

English

Total Duration

14 hrs

Total Sessions

4 (3.5hrs each)

Price

USD$
1287

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Program Overview

Program Overview

This Master Class offers a practical, case study-focused analysis of essential shipping contracts, including Ship Management, Sale & Purchase, Contracts of Carriage and Affreightment, designed to minimize disputes and support business growth. It emphasizes best practices, the risks of poorly drafted agreements, and the consequences of homemade clauses. The course also examines alternative dispute resolution methods, outlining their pros and cons.

Professionals: Senior Management, Shipmanagement, Chartering, Asset Managers, Finance, Law Firms, Financial Institutions

Language: English

MAFT Code: MC040

Program Format:

Mode – Online Program (Zoom)

Language: English

Course Fee: HKD 10000

MATF Code: MC040

Total Duration: 14hrs

Total Sessions: 4 (3.5hrs each)

Session Dates: 18 Jan 2025 | 25 Jan 2025 | 08 Feb 2025 | 15 Feb 2025

Session Timings (Saturdays): Hong Kong: 14.30 - 18.00 Hrs | INDIA: 12.00 - 15.30 Hrs | DUBAI: 10.30 - 14.00 Hrs

Session 1: The Introduction to Contract Law discusses how to form valid and binding contracts, highlighting the significance of clear language and interpretation while cautioning against homemade clauses and recognizing implied terms from national laws and industry standards. The Ship-Management Contract segment explores the Construction of Shipman 2009, focusing on rights and obligations, limits of liability, and the differences between English and US law regarding these limits and indemnity.

Session 2: The Charter Parties section examines the construction of various charter types, including voyage and time charters, and their key differences and implications. It addresses disputes related to underperformance in time charters and laytime in voyage charters. Additionally, it discusses important concepts such as arrived ship, valid notice of readiness (NOR), demurrage, and detention.

Session 3: The Ship Sale & Purchase section discusses the evolution of standard forms, focusing on differences among the 1987, 1993, 2012, and 2022 versions, and covers condition on delivery, including detailed discussion on average damage affecting class. It concludes with an examination of sale and purchase disputes and the relationship between contract performance and market conditions.

Session 4: The Contract of Affreightment (CoA) section details its construction, credit risk management, and mitigation strategies for cargo charterers and ship owners, including cash flow forecasting and voyage delays. The Bareboat Charter contract section compares operating and financial leases, examines key financial elements and changing regulations, and discusses the Barecon contract's focus on asset preservation, ship management, and the impact of new IMO regulations on cost-sharing.

Lead Trainers Profile:

Mr. Jagmeet Makkar FICS – Independent Arbitrator

https://www.linkedin.com/in/skillsplus-jagmeet-makkar

Payment Mode Accepted

Bank Transfer

Acc Name: SkillsPlus Limited

Add: 1703, W-50, 50 Wong Chuk Hang Road, Aberdeen, Hong Kong

Bank: Hang Seng Bank Limited

83, Des Voeux Road Central, Hong Kong

Account No. 239-762149-883

SWIFT: HASEHKHH

Credit Card

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For more information on Maritime Skills+ Curriculum

LSF Global +852 95279124 | anamika.chhawal@lsfglobal.com
SkillsPlus +852 94686314 | info@skillsplus.sg

Lead Trainers Profile:

Mr. Jagmeet Makkar

Independent Arbitrator & Mediator; Former IME(I) Chair - Indian Maritime University; Sea Ambassador ISWAN; Chairman - Institute of Chartered Shipbrokers (HK Branch); Ambassador HK - Baltic Expert Witness Association