Maritime Department

Master of Science (MSc) in Chartering and Arbitration 

Key Feature

Code                              MMSC204

Modules                        13

Duration                       13 months

Registration                 Any time

Teaching                       Distance learning

Credits                           96

Tuition Fees                 $5,700

* Partial Scholarship (reduced amount of tuition fees) valid until 31st July 2022.

The Master of Science (MSc) in Chartering and Arbitration has been designed in order to provide the necessary knowledge to people who are willing to work in the shipowning chartering department or to work as competitive brokers in the shipping industry.

It must be noted that graduates of the Master of Science (MSc) in Chartering and Arbitration have obtained a demanding professional skill necessary for persons working or intending to work in high executive positions concerning sea transport such as ship’s operation, in charterers’ offices, claims department, marine insurance, ship’s agents, marine lawyers’ offices, arbitrators, average adjusters, marine surveyors, bankers, etc.

The program’s goal is to equip students with a thorough knowledge of aspects of the maritime business to enable them to fulfill the requirements to enter within the maritime world and its associated industries. To achieve this purpose, the program offers its students a unique blend of professional and academic courses. Students after this program will become rapidly adaptive to the needs of employers and respond appropriately and imaginatively to emerging issues in a dynamic industry.

Learning Outcomes
This course will equip the students with a strong background in the standard core curriculum of business administration subjects. Also, it will provide an innovative, “hands-on” approach to instruction directed by dedicated faculty composed of experts in their fields and to provide a good grounding for variety of careers in range of management functions.

At the end of this program the students should be able to demonstrate knowledge and understanding in the field of shipping and maritime management, structure and operation; to describe the functions of shipping companies, to understand the role of international organizations and Associations, to identify and describe the major issues in the port management, handling of cargoes and documentation involved. At the end of this program the student will be comfortable with the main Maritime Terminology. Also, they will know the standard form contracts, the shipping documents and the Key International Conventions of the IMO, they will develop their capacity for independent learning and continuing professional development as well as they learn scientific writing skills.

2. Types of Ships, Shipbrokers and Agents, The Baltic Exchange, Shipping Organizations
• Types of ships, Part 1
• Types of Ships, Part 2, Ship’s Demolition
• Shipbrokers and Agents
• The Baltic Exchange – Associated Shipping Organizations
3. Voyage Charter – Laytime 1 (Dry cargo)
• Voyage Charter Party 1: Wording and clauses of the charter party, Printed text, Riders, Addendum, Main bodies issuing charter parties
• Voyage Charter Party 2: Vessel’s Description, Loading/Discharging (place, cost), Freight, Notice of Readiness, Time counting
• Voyage Charter Party 3: Clauses of a charter party (general average, exceptions, war risk, arbitration clause, commissions, etc. …)
• Laytime 1: The concept of laytime, Statement of facts, Duration of laytime, Commencement of laytime
4. Voyage Charter – Laytime 2-3 (Dry cargo, Tankering), Time Charter
• Laytime 2: Interruption of laytime (weekends/holidays, shifting, strikes, breakdowns), Cessation, Calculation of laytime, Demurrage, Damages for detention
• Laytime 3: Dispatch (on working time saved and all time saved), Average and reversible laytime, Tanker laytime
• Time Charter 1: Time charter and Time charter trip, The vessel (cargo capacity, speed and bunker consumption, ship’s fouling, dry docking-maintenance), The trade (geographical limits, safe ports), The cargo (restrictions and exclusions of cargoes), The period, Delivery and redelivery
• Time Charter 2: The payment of hire, Off-hire, Allocation of costs (Master’s position, customary assistance, costs for shipowners’ and charterers’ account), Cargo liability of shipowners and charterers, Damage to the vessel
5. Worldscale, Tankering Terminology
• Worldscale, Use of Worldscale (example). Tankering Terminology: Crude Oil Washing (COW), Inert Gas System (IGS), Segregated ballast Tanks (SBT), Single Point Mooring (SPM), Dynamic Position (DP)
• Crude Oil and its Transport, Crude Oil Exporters, Tanker Chartering
• Cargo order – Ship’s position, Shipbrokers, Chartering Abbreviations
6. Chartering Procedure, Drawing Charter Parties
• Chartering Procedure: Chartering negotiations (offers – counter offers, business “clean fixed”)
• Drawing charter parties, Dry cargo, Liquid cargo, Lab simulation
• General principles of Arbitration, Arbitration Act 1996, Seat of arbitration, Arbitral Tribunal, Award, Arbitration terminology
[table “152” not found /]
7. Project Report on Charter Parties
• 3,000 words

8. Law of the Sea I
• Evolution of the Law of the Sea,
• Geneva Conventions 1958 and the Law of the Sea Convention 1982
• Maritime Zones, Normal baselines, Baselines of special circumstances, Internal waters, Jurisdiction over foreign ships in ports, Case study
• Territorial Sea and Contiguous Zone, Delimitation of the Territorial Sea, Innocent passage

9. Law of the Sea II
• Straits used for International Navigation, Transit passage, Straits of Special Regime, Panama Canal, Suez Canal, The Turkish Straits
• Exclusive Economic Zone, Delimitation of the Exclusive Economic Zone, Case study of delimitation in the Eastern Mediterranean. Geomorphic and Legal Continental Shelf, The Continental Shelf of islands
• Archipelagos, Archipelagic States, Archipelagic waters, Archipelagic Sea-lanes passage
• High Seas, Freedom of the High Seas, Jurisdiction, Penal jurisdiction in matters of collision and case study, Unauthorized broadcasting, Slavery, Right to visit, Illicit traffic in narcotic drugs or psychotropic substances






Entry Requirements

Bachelor of Science (BSc) or other Higher Education degree, or experienced professionals.

English language: GCSE English Language grade 4/C – IB grade 4 Higher Level. If your first language is not English, you will need an IELTS of 6.0 overall, with 5.5 in each component, or a related certificate of English language course. Proficiency or Lower Certificate in English, or good writing and communication skills in English (at the discretion of the Committee).

Basic Information Technology skills.


Efficient way of study 

Every video-lecture is supported by
a text-book which consists of the
speech-text and the Power Point presentation

Inspire your future

Study from any place Worldwide

No limits in education

Straightforward way of teaching


Worldwide telematic study. No need to attend physically in the class. You watch the lectures in video form, any time you would like and many times as you need. The speech of every video lecture is written in text form, by including the figures and the highlights of the lecture. You interact with the lecturers and tutors in electronic form.

Watch Videolectures



Assignment & Project


Final viva (live video)


Get your Degree awarded


Career - Maritime Jobs

Academic staff consisting of professionals with significant career at sea and generally in the shipping industry, being in collaboration with special academic personnel highly expertize in business and the international maritime affairs. Below are the maritime jobs, that our courses prepare you.


Our students, regardless their professional origin and their academic level, acquire the necessary knowledge which gives them the opportunity to get an outstanding job position in shipping and rise to the highest levels of the maritime industry.  

Ready to get started?
Get in touch, or apply

Admissions Office
99 Wall Street
Suite# 2838
New York, NY
10005, USA
Tel. +1 646 980 5595 (NY)
+44 204 577 1704 (LON)
+30 211 2344 636 (ATH)
+85 280 0906 442 (HKG)

Courses in Physics
Diploma HE
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Registration No: 25227 IBC 2018, Orion University Ltd,
Saint Vincent & the Grenadines, Central America.

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