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Subject: Chartering Workshop
When: TUESDAY 21 MAY 2024 from 9:00 – 16:30
Hospitality included: 2 coffee breaks and lunch provided

Note: This is a full day workshop. You will need to be available to attend for the whole day to be eligible to collect your certification at the end.

This one-day, intermediate level workshop provides a deeper understanding of chartering principles and applications for full-time chartering professionals as well as those who work with chartering contracts.

Lecturer Philip Bacon, will provide instruction designed to increase proficiency in key areas, such as: 

• Major cargoes and trade routes
• Chartering terminology
• Shipping and market sector definitions
• Identifying key stakeholders in a chartering contract
• The Profit and Loss levers and rationale of breakbulk cargoes
• Shipbroker authority - advantages and limitations
• Calculating demurrage and despatch across sectors
• Bills of Lading: functions and correct usage; pitfalls and risks associated with incorrect usage

Target audience:

• Cargo owners  
• Freight forwarders  
• Ship-brokers  
• Carriers
• Insurers
• Agents
• Stevedoring Companies and Terminals

Agenda for the Day

• Shipping Sector and Definitions
  • Major Cargoes and Trade Routes
• Major Cargoes and Trade Routes
  • Commodities That Make Up Breakbulk and Project Cargo and the Modal Split

10:30 – 11:00 Networking Coffee Break

11:00 – 12:00
Session 2
Chartering Practice

• Key Terminology
  • Understanding Process of Negotiation
• The profit and loss levers and rationale of breakbulk cargoes
• Key stakeholders in a Charterparty Agreement
  • Shippers, carriers, receivers, brokers, forwarders, etc.
  • Understanding brokers’ authority

12:00 – 13:00 Networking Lunch

13:00 – 14:30
Session 3

• Laytime
  • Understanding the main terminology
  • Calculating demurrage and Despatch
• Bills of Lading (BoL)
  • Functions of BoL
  • Understanding the Correct Use of BoL and the Risks of Incorrect Usage

14:30 – 15:00 Networking Coffee Break

15:00 – 16:00
Session 4
An Overview of Relevant Selected Charterparties

• Gencon, Heavycon, Projectcon, Supplytime
• Relevant Clauses Relating to Laytime, Freight Payment, Stevedores, etc.

16:00-16:30
Recap - Q&A, Further Studies and Closing Remarks

Meet the Instructor: Philip Bacon, FICS

Captain Philip H Bacon is Vice-President of Operations in Siem Shipping Ltd, a multi-fleet shipowning group. Since 2014 he has Consulted and provided Expert Witness through his company Icthus Marine. Following 7 years’ naval and merchant navy education in both engine and deck, Philip sailed on Merchant ships including chemical and gas tankers, general cargo and PSVs. 

In the shore-based part of his career, he has worked for shipowners from Shell and K-Line to Gearbulk and AM Nomikos in the commercial management of most types of ship. In this period he undertook extensive training relating to the commercial, management, contractual and legal aspects of shipping. Philip has worked with the fixing and execution of a broad variety of charter-parties and contracts of affreightment, across a spectrum of trades, vessel and cargo types.

Philip has an MBA from the Cranfield School of Management, is a Fellow of the Institute of Chartered Shipbrokers, a Fellow of the Chartered Institute of Arbitrators, a supporting member of the LMAA, in addition to his nautical degree and hazardous cargo qualifications. Philip is a member of the Baltic Exchange and currently serves on the Membership Council, as Hon Sec of the Sailing Association, and supports the Expert Witness Association administratively.