Master of Science (MSc) in Chartering and Arbitration
Duration 13 months
Registration Any time
Teaching Distance learning
Tuition Fees $5,500
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.
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.
|1. Introduction to Shipping, Maritime jobs|
|• Shipowning company’s Departments & Maritime jobs, Part 1
• Maritime jobs, Part 2
• Nautical terminology
• Shipping terminology, Ship’s tonnage (weight, displacement, capacity)
|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 – Chartering Procedure|
|• 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
• Chartering Procedure: Chartering negotiations (offers – counter offers, business “clean fixed”)
|6. Bills of Lading, Voyage Estimation|
|• Bills of lading: The functions of the Bill of Lading, Types of Bill of Lading, Electronic Bill of Lading
• Hague Rules, Hague/Visby Rules, Differences between Hague Rules and Hague/Visby Rules, Carriers’ and Shippers’ responsibilities, Case studies, Hamburg Rules, Rotterdam Rules
• Voyage Estimation
|7. Drawing of Charter Parties – Lab Simulation – Assignments|
|• Drawing of charter parties, Dry cargo, Liquid cargo
• Lab 1- Assignment. Simulation on voyage charter: Cargo order of voyage charter, firm offer/counter offer, negotiations, fixture, drawing of charter parties, follow up of fixture.
• Lab 2 – assignment. Simulation on time charter: Time charter order, firm/counter offer, negotiations, fixture, drawing of charter parties, follow up of fixture
8. Legal systems, Alternative Disputes Resolution, Mediation
• English Legal System, court’s Structure, legal Profession (solicitor, barrister)
• The Neutral man (an impartial third party)
• Alternative Disputes Resolution, Mediation
• UNCITRAL Model Law 1985/2006, Arbitration Glossary
• Conciliation, Adjudication, Small Claims/Shortened Arbitration
|9. Arbitration Act 1996|
|• Aspects of Arbitration Proceedings, The Arbitration Agreement, The Parties to Arbitration
• The Arbitral Tribunal, General Duty of the Arbitral Tribunal
• Powers of the Arbitral Tribunal in Conducting the Reference
• Powers of the Court in the Course of the Arbitral Proceedings
• The Award, Costs of the Arbitration
|10. Arbitration on the Law of the Sea|
|• Modern Sources of the Law of the Sea
• Maritime zones: Internal waters, Territorial sea, Exclusive Economic Zone, Continental shelf, High seas
• Penal Jurisdiction in Matters of Collision and other Maritime Casualty on the High Seas, the Lotus case
• Settlement of Disputes, The International Court of Justice
• Arbitrators, Arbitral Tribunal, The Award
|• 15,000 words|
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.
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.
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.
WORK IN EXECUTIVE MARITIME POSITIONS
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.
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Registration No: 25227 IBC 2018, Orion University Ltd,
Saint Vincent & the Grenadines, Central America.
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