COURSE UNIT TITLE

: CHARTERING AND SHIPBROKING

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
MBA 4032 CHARTERING AND SHIPBROKING COMPULSORY 2 2 0 5

Offered By

Maritime Business Administration

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSOCIATE PROFESSOR ISMAIL BILGE ÇETIN

Offered to

Maritime Business Administration
Maritime Business Administration

Course Objective

The main objective of this course is to familiarize the students with the chartering business and develop students skills in chartering and shipbroking profession.

Learning Outcomes of the Course Unit

1   Understand the basic concepts of chartering business, types of chartering and shipbroking.
2   Understand freight markets and how market mechanisms in chartering and shipbroking function in those markets.
3   Estimate voyage costs and calculate freight for voyage chartering considering the time charter equivalent (TCE) of freight
4   Develop shipbroking skills in chartering negotiations and understand charter parties
5   Understand post fixture activities and being able to make laytime calculations.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Introduction to Shipping and Shipping Markets, Selection of intermediaries in ship management.
2 Route, port and logistics service decisions.
3 Liner shipping management strategies (conferences, consortia, outsider, Alliances etc.) Liner operation strategies (service Schedule, tariff, agency network, promotion of services).
4 Tramp shipping management decisions, Types of Chartering: Voyage Chartering.
5 Types of Chartering: Time Chartering.
6 Types of Chartering: Bareboat Chartering.
7 Midterm Exam.
8 Voyage Estimating and Freight Calculations in Chartering Business: Calculating The Time Charter Equivalent (TCE) of Freight.
9 Chartering Negotiations: Offers, Counter-offers, Subjects and Fixture.
10 Fixing a Vessel and Concluding the Charter Party.
11 Laytime Definitions & Voylay Rules.
12 Laytime Calculations.
13 Overall performance evaluations monitoring in ship and fleet management.
14 Presentation of term papers.

Recomended or Required Reading

1. Shipbroking and Chartering Practice, 5th edition, 1999 by Lars Gorton, Rolf Ihre, Arne Sandevarn, printed in Great Britain by MPG Books Ltd. Bodmin, Cornwall.
2. Çarter Sözleşmeleri I: Genel Hükümler Sefer Çarteri Sözleşmesi, M.Fehmi Ülgener, Der Yayınları , Istanbul, 2000.
3. Thomas Stowage: The Properties and Stowage of Cargoes. Originally By captain R.E. Thomas, extra Master. Re-written and completely revised By Captain O.O. Thomas , F.C:I:T:, Master Mariner .John Agnew, Master Mariner, K.L. COLE, Glasgow Brown. Son & Ferguson Ltd.
4. Chartering Documents,4th edition, Harvey Williams, LLP,1999
5. Bes Chartering and Shipping Terms, 11th edition, Norman J. Lopez., Barker& Howard LTD. London,1992
6. Voyage Estimating, William V. Packard, Tramp Shipping Series, Fairplay Publications, 2000
7. Laytime Calculating, William V. Packard, Tramp Shipping series, Fairplay Publications, 2000
8. Laytime & Demurrage ,4th Edition, John Schofield. LLP,2000

Planned Learning Activities and Teaching Methods

Cooperative and active teaching and learning strategies.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE 1 MIDTERM EXAM 1
2 MTE 2 MIDTERM EXAM 2
3 FINS FINAL EXAM
4 FCGR FINAL COURSE GRADE (RESIT) MTE 1 * 0.20 + MTE 2 * 0.20 + FINS * 0.60
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE 1 * 0.20 + MTE 2 * 0.20 + FCGR * 0.60

Further Notes About Assessment Methods

None

Assessment Criteria

To be announced.

Language of Instruction

English

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 13 3 39
Preparation for final exam 1 20 20
Preparing presentations 1 20 20
Preparation for midterm exam 1 10 10
Preparations before/after weekly lectures 10 4 40
Final 1 2 2
Midterm 1 2 2
TOTAL WORKLOAD (hours) 133

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13
LO.15355335555553
LO.25535553555335
LO.33355333335335
LO.45535333555553
LO.53353553335333

CONTACT INFORMATION
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