Ship Chartering

AY2022/2023 Semester 2

Operation of freight markets and chartering in ocean going shipping. Basic types of freight markets (dry cargo-tankers). Function of market. Factors determining the freight rate. Shipping marketing. Charter parties. Types of chartering. Freight calculations. Special calculations: mixed time and voyage charter and marginal calculations. Marginal calculations in the liner market. Time charter calculations. Tanker calculations. The Worldscale index establishment. The connection of freight to the cost and supply of shipping services. Distribution of risk in freight fluctuations. Use of future charter parties. Rate of shipping return.