Advanced Diploma in Ship Sale & Purchase

June 27, 2021

The aim of this diploma in Ship Sale & Purchase is to provide candidates with a thorough knowledge on the legal, economic, operational and commercial aspects of the shipping industry followed by a comprehensive and practical insight to the specialist subject of Ship Sale & Purchase.

Aim of the Diploma:

The aim of this diploma in Ship Sale & Purchase is to provide candidates with a thorough knowledge on the legal, economic, operational and commercial aspects of the shipping industry followed by a comprehensive and practical insight to the specialist subject of Ship Sale & Purchase. This course prepares the candidates to represent the best interests of both the buyer and the seller and how they should handle negotiations between the parties and attend to the necessary formalities once an agreement to buy or sell has been reached. The various ship sale contracts and clauses are examined in great detail as well as the second hand and the demolition market and its standard forms.

Structure of the Diploma:

The Advanced Diploma in Ship Sale & Purchase comprises five (05) modules. The first four modules are the four compulsory Group 1 subjects of the Institute of Chartered Shipbrokers (ICS) U.K. as follows:

  • Introduction to Shipping
  • Economics of Sea Transport & International Trade
  • Legal Principles in Shipping Business
  • Shipping Business

The fifth module of the Advance Diploma is “Ship sale & Purchase”, the Group 2 specialist subject of Institute of Chartered Shipbrokers (ICS) U.K. covering the following key topics

  • The ship
  • Geography
  • Ship registration
  • Classification
  • The ship sale
  • Ship sale contracts and clauses
  • Nippon Sales Form
  • New buildings
  • Demolition 125 & Demolishcon 2004
  • Finance, new buildings and insurance
  • Legal aspects
  • The markets and the parties

Diploma outcome:

  • Knowledge and understanding of ship sale and purchase
  • Understanding of the commercial aspects to enable effective negotiation of the processes and of the relevant legal framework.

Benefits

The course is ideal for shipping company personnel & ship managers aspiring to develop the knowledge of ship sale & purchase. The course is also useful for shipbrokers wishing to understand about contractual arrangements and also the technical, commercial & operations personnel who need a contractual overview. New starters, recent recruits and graduates in shipyards and shipping companies will also benefit from this course.

Course Details

Duration: The diploma course duration is six hundred (600) hours comprising four hundred and fifty (450) hours of classroom / online teaching and one hundred and fifty (150) hours of assignments, case studies and presentation spread over thirty (30) weeks The classes will be conducted from Sunday to Thursday every week from 0800 hours to 1100 hours.

Assessment: Written assessments comprising subjective questions as well as quizzes with 60% passing marks.

Attendance: 90% attendance is required

Entry Requirements: Preferred entry requirement is a bachelor degree in any discipline. Minimum entry requirement is a Diploma in a relevant discipline accompanied with minimum of 2 years of experience.

Advanced Diploma Award: On successful completion of the Diploma Course comprising five (05) modules, an Advanced Diploma in Ship Sale & Purchase will be issued by Abu Dhabi Maritime Academy recognised by National Qualification Authority (NQA) U.A.E. certifying that the holder of the certificate has completed thirty credits (1350 hours) of structured learning in Ship Sale & Purchase. The Diploma certificate will also provide details of the topics that are covered.

Accreditation: ICS accredited & NQC endorsed