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AIM
1) To be a basic tool.
2) To test a candidate's interest and potential in shipping.
INTRODUCTION OF INTERNATIONAL TRADE
The need for shipping - The different trades of tramps and liners.
TYPES OF CARGOES
Grain, Coal, Ore, Oil, LNG, LPG
SHIP TYPES
General purpose, bulkers, tankers, cargo liners, containerships, Ro-Ro, etc.
CONTRACTS OF CARRIAGE
Dry cargo ships in the tramp trades - basic anatomy of Charter Parties (voyage and time) with glossary of main specialist expressions.
Tankers - specialist expressions - dirty, clean, products, chemicals, gas, etc.
Cargo liners - basic anatomy of bill of lading - differences between break-bulk and unitised methods (including containers).
LAW OF CARRIAGE
The fundamental elements - Hague / Hague - Visby / Hamburg Rules - 'sanctity' of the bill of lading - limitation of liability - the role of P&I Associations, etc.
SHIP REGISTRATION AND CLASSIFICATION
Classification societies, quality control
THE PRACTITIONERS IN SHIPPING BUSINESS
An outline of the duties of those involved in:
Dry cargo chartering; tanker chartering; ship sale & purchase; port agency; liner agency; ship management.
RUDIMENTS OF COMMERCIAL GEOGRAPHY
Continents, oceans, currents & tides, geographical regions (eg Far East, Mediterranean, SE Asia, etc). Location of major countries and ports. Latitude & longitude.
BASIC ACCOUNTING
Definitions and roles of cost, profit, capital, cash-flow, interest, limited liability, etc.
NB: This is an obligatory paper for candidates taking the Foundation Diploma in Shipping. Exemption is permitted for candidates taking the full course of qualifying examinations.
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