Session 1: Chartering Market Practice

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