SHIPPING MANAGEMENT

1 International Trade and Shipping:

Seaborne trade of the world. Composition and direction of cargoes – Commodity groups- different
types of ships which carry them – Technological developments. Measurement of shipping transport
in ton-miles. Demand and Supply of ships. Shipping is a derived demand. How do Lay-up, scrapping,
new-buildings and slow-steaming affect supply and demand.

2 Basic Structure of Shipping Industry:

Type of Shipping Services - Liner and Tramp –Types of ships and cargoes in Liner and Tramp
shipping. Freight brokers, Clearing and Forwarding AgentsBunker and Stores suppliers, shipping
Agencies.

3 Organization of Shipping Companies:

Role of Shipping Companies; Types of Shipping Companies - Manning – Business and cargo
management; Statutory regulations affecting Shipping. Various departments in shipping company’s
office and their functions. Role of superintendents and Designated person in supply of stores, spare
parts and other requisites to ships. Control of maintenance, surveys and inspections of ships.

4 Liner Trade characteristics:

Liner Conferences – How Freight rates are fixed - Components of Liner Freight – Non Conference
lines – competition. Procedures of Shipping cargoes and related documentation: Mate’s receipt, Bill
of Lading. Unitization. Containerization. Consolidation business. Consortiums of container ship
companies. Multi-modal transport.

5 Ship Chartering:

Meaning of charter. Types of charters and their relevance to trades – Procedures and
documentation relating chartering – Charter markets of the world – How freight/charter hire is fixed.
Freight Indices of the Baltic Exchange and how they are used. Sighting of common charter parties.
Charter party – various clauses and their interpretation

6 Role of ports:

Ports locations- functions and range of services. India ports, their organization and administration.
Modernization and development of ports.

7 Contract of Affreightment:

Responsibilities, obligations, immunities and liabilities of carrier and shipper and the limitations of
liabilities as per following: The Carriage of Goods by Sea Act, 1925 The Indian Multimodal Transport
of Goods Act, 1993 Hague Visby rules; Hamburg rules, Rotterdam Rules

8 Marine Insurance:
 Principles of marine insurance (Insurable interest, indemnity, subrogation, proximate clause).
Application of risk management and risk transfer to marine insurance. Covers provided by H & M
insurers and P & I liability insurers. Various policies and their salient clauses and warranties. Marine
Insurance Act.

9 General Average:

Particular and General Average. York-Antwerp Rules. Examples of GA and PA Acts.