Shipping Contracts and Management (MTM331)

Maritime services of shipbroking and chartering, marine insurance and maritime legal services are important components with strong linkages to the maritime industry. The course provides an overview of the fundamentals that drive developments in these sectors including the important role of technology and information networks. The course will also examine the role of charterparties and contract of affreightment in the maritime business. Case studies dealing with the impact of blockchain in shipping market operations and insurance and legal implications of autonomous vessels will be discussed. At the end of the course, students will be able to understand the workings of these maritime services sectors and their contribution to the maritime industry.

• Fundamentals of Shipbroking and Chartering
• Shipping Contracts and Charterparties
• Fundamentals of Marine Insurance
• Types of Insurance and Role of Protection & Indemnity clubs
• Shipping Market Risk Assessment and Management
• Managing Disputes in Chartering
• Marine Risk Assessment and Underwriting
• Emerging Risks and Future of Marine Insurance
• Maritime Law and Dispute Resolution
• Sales Contract, Carriage and Bill of Lading in International Law
• AI and Emerging Technologies in Shipbroking and Chartering
• AI and Emerging Technologies in Marine Insurance

• Interpret the challenging business environment faced by the shipbroker.
• Analyse the role of marine insurance and Protection & Indemnity clubs.
• Illustrate shipping market risk assessment and managing disputes in chartering.
• Propose appropriate marine insurance coverage for maritime business operations.
• Examine the choice of shipping contracts to use and their legal implications.
• Appraise the implications of AI and emerging technologies in shipbroking, chartering and marine insurance.