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This course offers this training program in "Voyage Cost Estimation and Charter Party Management for Commercial Shipping", designed to strengthen participants’ understanding of the commercial and financial decisions involved in voyage planning and chartering operations.
The program examines how voyage costs are identified, calculated, monitored, and compared with expected freight revenues to support sound commercial decisions. It also covers the structure and administration of charter parties, including key clauses, owners’ and charterers’ obligations, freight, hire, laytime, demurrage, and operational responsibilities. Particular attention is given to voyage profitability, bunker consumption, port expenses, canal dues, agency costs, and other voyage-related charges. The program connects cost estimation with charter party terms and voyage performance, helping participants make informed decisions in day-to-day commercial shipping operations.
By the end of the course, participants will be able to:
Who Should Attend?
Knowledge and Benefits:
After completing the program, participants will be able to master the following:
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