Chartering Workshop 2
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Introduction to Chartering Market
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Recap market participants and their roles (owners, brokers, charterers).
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Procedure, including cargo/vessel circulars, indications, and firm offers
Types of Charters
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Time charter, voyage charter, bareboat charter, on contrast basis.
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Hybrid forms and their relevance to this market.
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Details to be included in offers for both voyage and time charters, drafting a firm offer
Negotiation Techniques
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Effective negotiation strategies in charter agreements - trading risk and profit.
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The use of Subjects.
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Case studies and practical examples
Introduction to Chartering Market
-
Recap market participants and their roles (owners, brokers, charterers).
-
Procedure, including cargo/vessel circulars, indications, and firm offers
Types of Charters
-
Time charter, voyage charter, bareboat charter, on contrast basis.
-
Hybrid forms and their relevance to this market.
-
Details to be included in offers for both voyage and time charters, drafting a firm offer
Negotiation Techniques
-
Effective negotiation strategies in charter agreements - trading risk and profit.
-
The use of Subjects.
-
Case studies and practical examples
GENCON Charterparty
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Detailed analysis of terms and conditions.
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Practical application in break-bulk and general cargo contexts.
HEAVYCON Charterparty
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Specific provisions for heavy lift and oversized cargo.
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Key clauses and their implications.
PROJECTCON Charterparty
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Understanding project cargo logistics and contractual nuances.
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Case studies from real-world projects.
GENCON Charterparty
-
Detailed analysis of terms and conditions.
-
Practical application in break-bulk and general cargo contexts.
HEAVYCON Charterparty
-
Specific provisions for heavy lift and oversized cargo.
-
Key clauses and their implications.
PROJECTCON Charterparty
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Understanding project cargo logistics and contractual nuances.
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Case studies from real-world projects.
Laytime
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Definition and types (weather, strike, etc.).
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Calculating laytime exceptions and exceptions clauses.
Notice of Readiness (NOR)
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Legal requirements and practical considerations.
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Case studies on NOR disputes and resolutions.
Laytime Calculation
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Methods for laytime calculation (Laytime Definitions).
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Practical exercises on calculating laytime and demurrage.
Laytime
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Definition and types (weather, strike, etc.).
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Calculating laytime exceptions and exceptions clauses.
Notice of Readiness (NOR)
-
Legal requirements and practical considerations.
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Case studies on NOR disputes and resolutions.
Laytime Calculation
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Methods for laytime calculation (Laytime Definitions).
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Practical exercises on calculating laytime and demurrage.
Financial Aspects
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Profitability analysis in chartering operations.
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Cost control and revenue optimization strategies.
Dispute Resolution
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Types of disputes in charter agreements.
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Arbitration vs. litigation: pros and cons.
Case Studies
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Real-world scenarios and how disputes were resolved
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Lessons learned and best practices.
Financial Aspects
-
Profitability analysis in chartering operations.
-
Cost control and revenue optimization strategies.
Dispute Resolution
-
Types of disputes in charter agreements.
-
Arbitration vs. litigation: pros and cons.
Case Studies
-
Real-world scenarios and how disputes were resolved
-
Lessons learned and best practices.
Review and Recap
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Summary of key points from each session.
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Interactive Q&A session for participant queries and discussion.
Review and Recap
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Summary of key points from each session.
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Interactive Q&A session for participant queries and discussion.