Marine Economics & Business

01.12.2022
BUSINESS & LAW SELF EXAMINER FOR DECK OFFICERS

Nowadays, the activities in the business and law field are becoming one of the integral parts of the day to day operations of any deck officer, and the importance of such operations is increasing from year to year. Considering the newly introduced laws and other regulatory items originating from the ILO, IMO and other world scale entities, as well as the gradually reducing turnaround time, we can now understand the pressure they are subjected.

As it is clear from the title, the present volume is intended to be used for training and self-examining purposes. With its content prepared by the recognized experts, the book will serve as an invaluable training instrument for those preparing to sit for the associated examination.

There are nine major sections in the book, starting with the one on the maritime treaty instruments, such as the SOLAS and MARPOL international conventions, followed by the section on the Flag State, covering the official bodies in the maritime industry. Then, there are sections addressing such important aspects as ship registration, charters, approval of the equipment, crew related requirements, maritime insurance, general average, voyage and all related things including but not limited to the planning, cargo handling, safety communications., and so many others.

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06.11.2022
TRANSPORT DOCUMENTS IN CARRIAGE OF GOODS BY SEA

Today, there are numerous titles available on the subject of the transport documents that are usually in use when arranging the marine transportation of the cargo, and this particularly relates to the bill of lading. However, the present publication was released to bring some absolutely fresh view combined with the comparative approach to the subject documents.

Note that different jurisdictions have been covered in addition to the traditionally dominating English law, and the comparison is provided of the civil and common law wherever same was considered appropriate. The volume will provide readers with a good historical background as well as the development perspective in connection with the above mentioned transport documents from the very first appearances and up to today.

This results in the good and professional insight into the development of the international shipping law over the decades and centuries, and application of its values and basic essential principles. The author analyzes the legal issues addressing the transport paperwork, supplementing the theory with the fresh ideas, making the title even more practically useful in today’s world. It is an excellent choice for the students of the maritime law entities as well as the lawyers, but will be equally valuable to the other parties involves in the transportation, such as the masters, officers, shore support offices etc.

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12.12.2021
DRY CARGO CHARTERING

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.

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12.12.2021
ECONOMICS OF SEA TRANSPORT AND INTERNATIONAL TRADE

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.

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12.12.2021
INTRODUCTION TO SHIPPING

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.

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12.12.2021
LEGAL PRINCIPLES IN SHIPPING BUSINESS

The present publication was released by ICS with the intention to clearly describe the way that the modern maritime shipping law affects the industry. The author of the volume has provided a good and easily understandable description of this industry aspect and how it works, explaining in detail the charter parties together with the various types of documentation related to the shipping, for example waybills and bills of lading.

He has also described the fundamental principles and basic components of contract law. The content of the volume contains thorough explanation of the shipping law concepts, case law, precedent and their contrast with the statute law. That is why this volume is considered essential reading for all people with the interest in legal principles and will also be useful to any persons willing to expand their understanding of this subject. It is very important to understand all legal rules as it helps in minimizing the potential risks, and the law philosophy commonly plays critically important role.

There is no law system that would be totally independent from the society in which it exists. The readers will get to understand this as they go through the material in this volume. Apart from the good introduction to the shipping law, the publication covers such important matters as the contract law and tort, charter parties, voyage charters, agency and bills of lading, dispute resolution and carriage related conventions etc.

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12.12.2021
SHIP OPERATIONS AND MANAGEMENT

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.

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12.12.2021
TANKER CHARTERING

This is one of the most useful publications on tanker chartering of those available today. The volume was developed and released by one of the most recognized organization of today’s maritime world. The readers will start with some brief information about the historical background and development of the tanker shipping; here, the structure and arrangements on the tankers will also be addressed.

After that, the chapter devoted to the tanker chartering geography will go, followed by the one dealing with the structure of the market from new construction of the tankers and up to their scraping. The voyage estimating has been covered in the next chapter with the attention paid to the route, bunkers, port time, expenses and other aspects. The remaining chapters of this publication are dealing with the chartering market practice, lay time and time-charters, financial elements and charter parties, etc.

The closing part of the book provides information about the major organizations in the industry, such as the AAA, BIMCO, ACOPS, FONASBA, ICS, ECASBA, ICS, ITF, INTERTANKO, OSRL and many others. Several appendices provide supplementary information such as the firm offer form, voyage tanker checklist, examples of bill of lading, letters of indemnity etc.

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