This ninth edition of one of the most popular titles on the shipping business is deservedly considered the remarkably comprehensive book clearly explaining and analyzing the maritime transportation as well as the relating industries, including both international and domestic shipping.
The content is particularly recommended to the newcomers to the field of maritime shipping business in need to get to the better understanding of the essential operations, regulatory framework, movement of goods; note that it will also serve as a great source of reference to the professionals switching from one industry segment to another. It is a good choice for the marine shipping education since it provides students with all necessary information. The content is up to date and reflects all latest developments.
Since the time of its initial publication in 1973, the title has been treated as a genuine industry standard. The author of the volume has taken a deep dive into the industry, providing the thorough analysis of the different sectors, highlighting the interactions between all stakeholders. The specific information can be found in the relevant chapters of the book so the book is recommended to literally all people involved in the industry.
As we all know, the marine transportation of goods is considered the most economical way and billions tons of the cargoes are carried by sea every year. This, in turn, results in conclusion and subsequent execution of the thousands of ship contracts, being governed by the relevant charter parties.
The content of the present publication was prepared by the industry professional with the intention to familiarize readers with the commonly used terminology since the due knowledge of terms is an absolute pre-requisite for the successful ship fixtures. The document starts with the brief introduction to the general cargo sector of the modern shipping industry. The fixing on ship voyage charter and time charter are then covered, together with the making the relevant offers.
The volume also covers the additional clauses applied to the time charters. As mentioned above, all terminology involved shall be understood to all contracting parties, and shall also be clear in order to prevent them from future referring to the arbitrary third parties. this compact book will be a great treasure for any future shipbroker as it will provide him or her with the basic information and knowledge to start with.
Have a look into this eighth edition of one of the most popular titles on ship chartering and broking practice. The book will serve as a great reference for anyone in need for the better understanding of the subject. The volume will provide them with the commercially focused and clear explanation of the business and will also give them professional advice regarding the operation of the modern shipping market, covering all of the relevant topics.
The authors of the book have dealt with not only managerial and operational parts but have also covered the financial and legal aspects involved. Many real life case studies have been included. The present edition features fully updated and thoroughly revised contents reflecting all ongoing trends and legal developments. Among newly added chapters the readers shall pay attention to the one lay-time principles, provided with the expert commentary and worked examples.
The authors have also included the freight rates for all types of ships together with the analysis of the most common standard documents. The glossary describing all terminology and abbreviations that are used during the negotiations on the chartering matters has also been included and is very useful.
Nowadays, owning the ship shall not be considered as limited with purchasing a ship, getting the proper cargoes and their transportation from one place to another. Traditionally, the ship owners undertake the functions that are commonly implied when owning, maintaining and operating the vessel. The contents of the present publication was prepared by the recognized industry experts and released by the ICS, one of the most authoritative organizations in the international maritime shipping industry.
First, the readers will get the general information about the owners of the ships as well as the ship managers and operators. The basic info about the ship is contained in the second chapter covering the technical characteristics and design features of the different types of vessels. Then, the author proceeds to the ship registration and classification aspects including the rules and regulations that normally apply and shall be complied with.
The next chapter deals with the marine insurance, while the others address the costs and accounting issues, ship operations, crewing and bunkering matters, cargoes, geographical factors to consider, and voyage planning. The closing chapter is devoted to the legal relationship of the ship owner.
This volume is mainly focusing on the management of the common operations in the shipping, which is an activity requiring due knowledge and significant technical expertise spanning different disciplines. The people engaged in the ship operations are normally required to have enough understanding of the subject and also to be well-versed with the important aspects of management, as well as the economics, and even engineering.
Moreover, they need to be proficient in the modern technology and be aware of the law aspects. Furthermore, managing ship operations will require them to be able to perform proper identification and neutralization of the threats and to conduct the risk management so that the correct decisions are made, optimizing the relevant costs and contributing to improvements in performance. Though the management of the ship operations is fundamental thing, to date there has been no books providing readers with the reconciled and compiled knowledge.
This edition of the book was released to fill in the aforementioned gap in the available literature, bringing together all knowledge gathered from the recognized experts. Their combined efforts have eventually resulted in the excellent reference guidebook intended for use by the employees of the maritime entities and to serve as a supplement when teaching the relevant marine programs.
The present book on dry cargo chartering, prepared and released by one of the most authoritative entities in a world of maritime shipping, is going to ensure that the readers will significantly improve their knowledge and understanding of this particular area of shipbroking. The volume will explain clearly and in detail all commodities that are involved as well as the requirements applicable to the carriage. The ships serving these markets have also been discussed.
The content of the volume is covering the role of each participant of the shipping market paying equally close attention to the ship owners, brokers, charterers and operators. In addition to that, the author has provided good coverage of the freight markets together with the associated documentation, bills of lading, charter parties etc. Ten chapters of this brilliant book will provide readers with absolutely everything they need to know and will present the information in a very logical and easy-to-follow way.
The content opens with the brief information introducing readers to the dry cargo ships. Though it is not the intention of the author to give an exhaustive study of this subject, it still explains so many expressions commonly used in connection with the ships participating in the dry cargo sector. As it is the case with any other publication released by ICS, this one is highly recommended to any person with the interest in maritime shipping activities.
This remarkably authoritative book written by one of the most recognized experts in the world of maritime economics may be treated as both a perfect introduction to the maritime shipping economics and a very valuable reference source to be used by the commercial practitioners. It is a very reader-friendly publication intended for those needing a thorough and clear overview of the commercial and economic issues that are commonly involved in the ownership, chartering and management of the ships.
The author has provided an excellent description of the major canals and marine ports together with the economies of scale in vessel sizes. There are many data diagrams and informative graphs supplementing the explanations of the demand and supply of the shipping industry. The content of the volume examines the broader maritime industry including tanker ships, dry cargo vessels, the liner trading and ship sale. The author also describes the main factors contributing to the cycles affecting the shipping industry of today.
The ship management and the information required by the ship brokers for effective operation of the vessels have been covered in the pages of this book making it even more valuable. The book details the commercial and contractual fundamentals considered specific to the shipping industry and covering the balance of payments and other important aspects.
An introduction to the world's biggest industry. Before the construction of any vessel commences, the ship designers together with the nominated class societies shall design the proposed design with the future owner. The publication explores not only the vessels themselves with the shipping markets, but also the geography of the commercial maritime world, considering most important legal aspects of the shipping industry.
In addition, the authors pay due attention to the corporate structures and fundamental accounting matters, taking into consideration that all commerce is eventually dealing with money. The content of the volume opens with introductory chapters on maritime geography and shipping business including the basics of the theory of trade.
The following several chapters are devoted to the practitioners including ship managements and sale of ships, supply of ships including their registration and classification as well as PSC related issues, and liner trades including brief historical background, containerization and liner documentation. Two closing chapters of the book are dealing with the accounts and law of carriage covering absolutely all items that deserve attention.
Such approach has made this book a real must-have to all people interested in the shipping industry, both ashore and at sea, commercial and technical. There are as much as thirty-one appendices to the book providing lots of supplementary information.