What are the basics of Ship Chartering?

Lecture 1:Ever wondered What are the Basics of Ship Chartering? How does the whole Commercial Shipping Industry operate?
In this video we'll try to answer the following questions:
(1:27) Who are the players in chartering?
(1:40) Who is a shipowner?
(2:08) Who is a charter?
(2:43) Who is a shipbroker?
(3:24) What is the shipbroker job description?
(5:08) What are the different types of brokers?
(5:48) What are different types of cargoes carried on ship?
(6:38) What are different general Bulk Carrier Sizes?
Handysize, Handymax, Supramax, Panamax, Post-Panamax, Capesize,
VLOC
(7:58) What are the different Tanker Sizes?
General Purpose, Medium range, Long Range 1, Aframax, Long range2, VLCC, ULCC
(8:57) What are the different cost components in shipping?
(9:36) Capital Costs (Cost of Capital - CoC),
(9:47) Operating Expenses (OPEX),
(11:30) Periodic Cost,
(12:25) Voyage Cost,
(14:06) Cargo Handling Cost
(15:03) What are the different types of chartering?
(15:25) Voyage Charter,
(17:02) Time Charter,
(18:19) Trip Time Charter,
(19:05) Bareboat Charter,
(22:03) Consecutive Voyages,
(22:39) Contract of Affreightment
(22:01) What are the different cost component between Voyage, Time and Bareboat Charter?
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Feel free to download the sample copy for the lecture: www.shipscope.org/?page_id=497
For the full version of the lecture to download please visit my website.
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#maritime #chartering #shipping
About: ShipScope brings you an e-learning platform to learn about commercial shipping subject.
So keep on learning it and we will talk soon!
Credits:
Ship Inspection (shipinspection.eu/)
shippipedia (www.shippipedia.com/chartering/)
Disclaimer: The information contained in this multimedia content (“Video”) posted represents the views and opinions of the original creators of such Video and does not necessarily represent the views or opinions of any other organisation. The mere appearance of this video on the Channel/website does not constitute an endorsement by any professional body. This Video has been made available for informational and educational purposes only. ShipScope does not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the Video Content. ShipScope does not warrant the performance, effectiveness or applicability of any sites listed or linked to in any video content. This Video is not intended to be a substitute for professional advice or consultation. Always seek the advice of your financial, legal, tax or professional advisors to be aware of the risks involved which may be obtained and necessary due diligence, etc may be done at your end. Never disregard professional advice or delay in seeking it because of something you have read or seen on the video or any website.ShipScope hereby disclaims any and all liability to any party for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising directly or indirectly from any use of this video, which is provided as is, and without warranties.

[@joshuab1333]

I should say you're pioneer in this, no ones ever made videos on Commercial Shipping and thank you.
wish to see more

[@ShipScope]

My aim is to provide the best e-learning platform to the upcoming younger generation and professional who want to learn about commercial shipping subjects. Let's hope for the best. Thanks for your kind words.

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[@ShipScope]

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So informative and well delivered. Looking forward for more.

[@ShipScope]

Thanks, Cheers

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This was great. Clear, concise, and simple. Thank you.

[@ShipScope]

Glad it was helpful!

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Thanks, Olya, for your kind words.

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Neatly presented! Doing masters in International Logistics. This was extremely helpful for me to understand my lecture notes well. Thanks a lot.

[@ShipScope]

Most welcome!Cheers

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Great narration. Really helpful. Thank you!

[@ShipScope]

Thanks

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I was looking for the principles of bulk transport in the shipping industry and stumble upon this video

[@ShipScope]

I hope it helps. Cheers

[@Myblogmyopinion]

Thank you very much for creating this informative video on ship chattering subject which I was looking. Thank you once again and looking forward for more videos on other aspects of ship chartering businesses.👍🙏

[@ShipScope]

Thanks for your kind words Rose. Happy learning.

[@SopaoVideos]

Excelent video and with fundamental information.
Thanks a lot!

[@ShipScope]

Glad it was helpful!

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Thank you for the videos ... Nicely summerised the whole thing ...

[@ShipScope]

Thanks for your kind words Kunal. Cheers

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Thanks! Clear and comprehensive

[@ShipScope]

I am glad it's helping you. Cheers

[@IceglacierArnar]

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[@id1076]

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[@ShipScope]

Cheers buddy

[@DesiDietician]

Great Job man! Love the work that you have done!

[@ShipScope]

Thanks, Robin, Keep on learning.

[@srk11in]

Dear Akash , saw your You tube channel and happy to see what you are doing. This type of online training is need of the hour. Great job. All the best. Hope u know and remember me . All the best.

[@ShipScope]

Thank you so much for your kind words. The aim is to provide the best e-learning platform to the upcoming younger generation and professional who want to learn about commercial shipping subjects.

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[@dineshkshatriya2165]

Sir do I need to do any particular courses for chartering

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you have given good explanation on the ship chartering

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[@ShipScope]

Glad it was helpful!

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[@ShipScope]

Thanks for your kind words. Cheers

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Thank you for this video! I've learned a lot.

[@ShipScope]

Thanks for your kind words. Please feel free to check our website too on what all resources are available at your disposal. www.shipscope.org/

[@skyyward111]

This is really helpful, thank you for the video.

[@ShipScope]

Thanks for your kind words. Cheers

[@sarveshpise2385]

Very informative content and very well explained..... looking forward with more videos.....all the bestt

[@ShipScope]

Thanks, mate for your positive support. A lot more is yet to come. Cheers!

[@riteshs100]

Beautifully Explained.... :) Thank you

[@ShipScope]

Thanks for your kind words mate, Cheers

[@akankshabhambure3428]

Superb, very well explained.... everything looks professional

[@ShipScope]

Thanks for your kind words

[@maine6653]

Thank you very much for this, I was hired to a company where they offer ship brokering and chartering, this was very helpful it gave me alot of information I needed since I was studying in advance for my new work. This was very informative and well delivered especially for me who is new to this industry, looking forward for more! You are the best! Keep safe!

[@ShipScope]

Hi Maine, Thanks for your kind words. I am glad the Chartering 101 series is helping you out. Happy Learning.

[@barkhatejwani6046]

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God bless you…💐

[@shubhankarnath9364]

Informative and Interesting! All the best Akash!

[@ShipScope]

Thanks

[@kamk.175]

Finally! I’m very eager to learn more about shipping with your series. Thanks :)

[@ShipScope]

Happy to hear that!

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Thank you very much. Very well explained :)

[@ShipScope]

Thanks for your kind words mate. Cheers

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Very informative video. Keep going!!!

[@ShipScope]

Thanks, buddy for your kind words

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Well done Akash. Amazing video 🙌🏻

[@ShipScope]

Thanks, buddy for your support. Cheers

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so much thanks. you are very detailed !! thanks :)

[@ShipScope]

Thanks for your kind words. :)

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Excellent!! Keep it up

[@ShipScope]

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[@ShipScope]

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Amazing.. keep it up

[@ShipScope]

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Simply Excellent Akash...Great Information.

[@ShipScope]

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[@ShipScope]

Thanks for your kind words mate. I am glad it's helping you, cheers.

[@emmanudjon8880]

Explanation highly appreciated

[@ShipScope]

Thanks for your kind words Emmanu. Happy Learning.

[@piseutkarsh27]

Hey Akash...
Nice video Content....
Good presentation...
Really aweasome, a fresher can be well guided and can learn many things through this wonderfull platform...

[@ShipScope]

Thanks buddy for your kind words.

[@urmigavas254]

Hey akash congratulations on the video..Great content for people starting in the shipping industry

[@ShipScope]

Thanks man

[@neelagangawane6650]

Very good Akash. Keep it up.

[@ShipScope]

Thanks

[@ohi_jaggi7752]

Currently i am doing internship in a shipbroking company..And this video helped me alot in gaing the basic knowledge . Thank you.

[@ShipScope]

I am glad its helping you out mate. Learn as much as possible and excel in your path. All the best.

[@aristidedonfack9569]

Hi friend, what's the name of the shopbroking company you did your internship in? Did you pay for the internship?

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How did you gt into this internship bro ?

[@rupaliganore1735]

Really interesting .Good job!

[@ShipScope]

Thanks for your positive feedback

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How can I contact u for further details reg shipping field

[@bharosa433]

Very interesting & knowledge full lecture

[@ShipScope]

Thanks for your kind words mate. Cheers

[@maheshprajapati2846]

It was really helpful. Thank you!

[@ShipScope]

Cheers

[@tmanoj2434]

Hi Akash, well conceptualised capsule. The intro has been impressive. Keep going...Manoj

[@ShipScope]

Thanks, Manoj, for your kind words.

[@pbb2811]

Very well explained...

[@ShipScope]

Thanks

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Good job.. keep it up.

[@ShipScope]

Thanks

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Thank you , awesome work dear.

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Its very informative & Very useful

[@ShipScope]

Thanks mate

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It's really amazing I like to watch your all videos sir

[@ShipScope]

Thanks for your kind words Ankit. Feel free to check our website on all the resource which are available at your disposal. www.shipscope.org

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Brilliant explanation sir. I loved the way u taught 👍

[@ShipScope]

Glad to hear that

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[@ShipScope]

Thanks mate

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Useful information 👍 Thank you so much 💓

[@ShipScope]

Cheers, Happy learning

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New subject for us,but very well explained!

[@ShipScope]

Glad it was helpful!

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Looking forward to see more such amazing videos!!!. It is really helpful for all those who are working in this industry or planning to work... Great presentation skills!!! Would like to connect with you ...

[@ShipScope]

Thanks, for your kind words Ruchi. I am glad you are learning. Please feel free to connect with me on LinkedIn.

[@richagupta8354]

Good stuff!!!

[@ShipScope]

Thanks for your support, cheers.

[@hardeepkaur3779]

Well done Akash! Very helpful!

[@ShipScope]

Thanks a ton

[@flathieff]

Well presented... and well explained.

[@ShipScope]

Thanks for your kind remarks, Happy learning.

[@aminmusafa7888]

Thank you for video. Really helpfull..

[@ShipScope]

You are welcome

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Waooo❤ never seen such a knowledgeble vedio till today

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Superb

[@ShipScope]

Thanks, bud.

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this is incredible work

[@ShipScope]

Hi Kamby, I am happy that it is helping you with your preparation. Keep on learning it.

[@ngoctran71]

love your videos

[@ShipScope]

Thanks for your kind words. Cheers

[@venu6958]

Well explained all components in chartering. Thanks, Akash, 🙏

[@ShipScope]

Thanks a ton for your kind remarks, happy learning.

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Thank you for this 😊

[@ShipScope]

You're welcome 😊

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Excellent video

[@ShipScope]

Thanks mate for your kind words

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Good job.. Please don't stop..
Can u post video on demurrage

[@ShipScope]

Thanks, I will be explaining on demurrage soon in the upcoming lecture series hence subscribe to my channel so that you don't miss out. Cheers!

[@thameemansari4913]

@@ShipScope subscribed

[@ShipScope]

@@thameemansari4913 Cheers

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Nicely explained

[@ShipScope]

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So easily explained..

[@ShipScope]

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[@ShipScope]

I am glad its helping you

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Well sir. Excellent lecturer.

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Thanks mate

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Thanks for this video

[@ShipScope]

Most welcome

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Thank you very much 😊 🙏

[@ShipScope]

Thanks for your kind words Arun.

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[@ShipScope]

Glad it was helpful!

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Thank you for this

[@ShipScope]

Thanks for your kind words Dylan, hope you are learning a lot. Cheers

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Amazing video👍🏻👍🏻👍🏻

[@ShipScope]

Thank you 👍

[@nerflixnetflix862]

Nice video
One clarification I need that
How Operating Cost can be a fixed cost? Check at 9:23

[@ShipScope]

Hey, buddy go through the link which I am sending you, it will clarify your doubt.
www.handybulk.com/shipping-costs

[@talalalrai8021]

Thanks for the help

[@ShipScope]

Happy to help

[@Bikash9577]

Please guide on Penal berth hire charges, how it is decided in a charter party.

[@ShipScope]

Penal Berth Hire charges will be applicable for Vessels not ready to sail after certain hours from completion of cargo operations. It depends on different ports on how the hours are adjusted and what charges are levied. Furthermore, for cargo handled on mechanised bulk berths, penal berth hire charges will be levied on shipping/vessel agents for non-adherence to productivity norms; for cargo handled on conventional berths handling dry bulk/break bulk cargo, penal charges will be levied on stevedoring agents for non-performance; and for cargo handled on liquid berths, penal charges will be levied on shipping/vessel agents for non-performance. Penal Berth Hire charges come under FDAs and will be a part of voyage related costs. For more information please visit www.tariffauthority.gov.in/writereaddata/UploadFile/COMMONG90ORDRPASD20022020ORDR_1031.pdf
www.bimco.org/-/media/bimco/ships-ports-and-voyage-planning/countries/india/dighi/port-tariff_1038760718_2019-05-16_01-47-05.ashx

[@omkarbhambure6858]

Hey Aakash basics are covered nicely 👍

[@ShipScope]

Thanks

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Excellent

[@ShipScope]

Thanks a ton, happy learning.

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Really informative

[@ShipScope]

Thanks for your kind words Sujith

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Good one

[@ShipScope]

Thanks for your positive words

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thank you for your share knowledge , im ship's agent in thailand

[@ShipScope]

Thanks for your kind words Paisan, Cheers

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Great info sir

[@ShipScope]

Thanks a ton. Keep learning.

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thank you very much

[@ShipScope]

I am glad you liked it. Feel free to check our website, on all resources which are there at our website.
www.shipscope.org/

[@makkalpangusandhai3837]

Nice video, sir.

[@ShipScope]

Many thanks Makkal for your comment. Cheers

[@richardsandia8095]

Minute 3:22 you talk about the competitive broker those are independent person specialized in what?

[@ShipScope]

So a brokers specializes in a particular cargo and a particular area. For example, he is an expert who looks after the clean products and keeps a close watch on the Mediterraneans seas only. It takes years of practice and dedication to built up trust with the principles trading in that area.

[@Captseawolf]

Vey good explanation

[@ShipScope]

Thanks a ton. Happy learning.

[@neerajkathuriya1934]

That's really good piece of information on charter and voyages and INCOTERMS.. Be little slow while delivering your lecture session..

[@ShipScope]

Thanks for your remarks Neeraj, We shall make a video on INCOTERMS too. Furthermore, You can adjust the playback speed (to 0.75) under the setting options.Hope it helps.

[@billts2063]

I have the following question regarding tanker ship types:
I have seen the below classifications
1.Panamax tankers (50-80,000 dwt)
2.Aframax tankers (80-120,000 dwt)
3.Suezmax tankers (120-200,000 dwt)
4.VLCCs (200-300,000 dwt)
5.ULCCs (300,000+)dwt
So, if we combine the above chart with the one in your video, this means that: 1) A Panamax tanker is also a LR1? 2) A Suezmax is also a LR2/smaller VLCC?
Could you please clarify?
Thank you very much! Also, congrats on your RUclips channel, it is very helpful and interesting! Keep up the good work :)

[@BreachingCharge]

Figured I would poke my head in since nobody else gave you an answer.
Yes, the classes mix a bit. But it mostly depends on what classifications a company uses e.g. Shell may use LR1-LR2 etc while BP may use VLCC ULCC classifications.

[@mimo9603]

thanks for your video, I had a question about choosing the best type of chartering for VLGC (LPG type) in the current market, and also what parameters impact choosing a chartering type for example in long-term or midterm analysis?

[@ShipScope]

Thanks for your suggestions, feel free to have an appointment with our founders subject to your availability in which you can discuss your in-depth queries. www.shipscope.org/?page_id=1456

[@georgesimitzhs2649]

Great job!!!! Is threare any chace to get any notes?

[@ShipScope]

For sure George, you can get the notes from our website.
www.shipscope.org/?post_type=product

[@hoomanmobarra9585]

Nice video, many thanks
Only one mistake: have a look to the map. It’s Persian gulf, better to use correct names

[@sasazibe2680]

I learnt a lot in this video thumbs up to you for a great job

[@ShipScope]

Glad it was helpful! Keep on learning as much as possible.

[@shani70]

Your video is informative in terms of responsibilities and liabilities between various types of charterers, are you in a position to make a vlog about the Future Freight Agreement and bunker hedging strategy which is extensive volatile expenses in spot market to have a sustainable business in doldrum of market unpredictable?

[@ShipScope]

Hi Zeeshan, for market study we would recommend you attending Baltic lectures in which you can get present insights.

[@deeprathore24]

Superb dear akash please provide presentations in pdf format.

[@ShipScope]

Feel free to download the sample copy for the lecture: www.shipscope.org/?page_id=497