Shipbroking and Chartered Vessel Operations

Instructor: Professor Jeffrey A. Weiss, Professor of Maritime Law, S.U.N.Y Maritime College, Graduate Division; maritime attorney and marine arbitrator

The Maritime field is extremely broad and brings about relationships with a variety of people with varying levels of experience from the many different aspects od shipping. As you will see from the course outline, these many aspects of shipping are presented ina logical format. Through the lectures, questions and discussions you will prepare yourself or theenhance your existing knowledge base for work in chartering or chartered vessel operations.

“This course has helped me tremendously with my work as a shipbroker having no prior experience in the shipping industry.  I have been able to fix ships within 6 months of work.  Along with guidance I get from my colleagues and being active on the phones, your class has provided me with a great general understanding of the way business is conducted in ocean transportation as well as a better understanding of the terms and clauses that are used daily in conversations as well as C/P’s.  So in other words, thank you for a great course it has been a hugh help.”

For more information, complete this request form or call (201) 569-2882

Reading Materials

Lectures on


Course Commencement One Semester

Upon registration, each student will be provided with his/her password for purposes of logging on to the ASBA continuing education web page. Learning will be asynchronous. Each student will select his/her time for attending the biweekly virtual class (by reading each week’s classroom lecture). Each student must also read any additional assignments for that lesson. Students will be required to answer questions for each lesson and check once the answers have been posted to the site. The professor is available for student questions in each lesson which students will post via the ASBA web based bulletin board. Questions and their answers are viewable by all registrants. ASBA will award a certificate upon successful completion of all coursework and the Final Exam.

Time Committment approximately 5 – 6 hours – Review of lecture (1-2 Hours) – Additional reading assignments (1-2 Hours) – Posting questions to and review or responses from the professor (1 Hour) – Answering end of lesson questions (1 Hour)

Topic Outline

Week 1

  • Chartering & Charter Parties
  • Background
  • Legal Framework
  • Charter Negotiations

Week 2

  • Owners & Charterers
  • Basic Responsibilities
  • Time Charter/Voyage Charter Responsibilities

Week 3

  • Chartering Terms & Expressions
  • Abbreviations

Week 4

  • Chartering Brokers
  • Definition of Broker
  • Commissions

Week 5

  • Agency/Ship Agents
  • Definition
  • Functions

Week 6

  • Types of Ships
  • The Ships, Vol. 1 Required
  • Characteristics
  • Description of Vessels for Chartering Purposes
  • Vessel Types by Cargo

Week 7

  • Commodities and Cargo Considerations
  • Measuring the Cargo

Week 8

  • Charter Party Forms and Clauses
  • Standard Charter Party Forms
  • Standard Clauses
  • Time Charter Forms
  • Sale and Purchase Contracts

Week 9

  • Laytime & Demurrage/Despatch
  • Simple Laytime Calculations

Week 10

  • Voyage Estimating
  • Charterers’ Estimates
  • Trip Time Charter Calculations
  • Dry Cargo Voyage Estimate Cost

Week 11

  • Tankers
  • Terms
  • Tanker Rate Schedule
  • Worldscale
  • Tanker Voyage Charter
  • Party Tanker Laytime

Week 12

  • Admiralty Law & Arbitration
  • New York
  • London

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