Certificate in Ship Sale & Purchase

June 27, 2021

The aim of this certificate 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.

Programme Aim:

The aim of this programme 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 programme 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.

Programme Structure:

The programme 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 is “Ship Sale & Purchase” – the Group-2 specialist subject of the Institute of Chartered Shipbrokers (ICS) U.K. covering the following key topics:

  • The Ship
  • Geography
  • Ship registration
  • Ship 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

Programme Benefits:

The programme is ideal for shipping company personnel & ship managers aspiring to develop the knowledge of ship sale & purchase. The programme 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 programme.

On successful completion o, learners will have:

  • 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.

Programme Outcomes:

  1. Level -5 Award in Maritime Logistics Management (Ship Sale & Purchase): 

On successful completion of the programme comprising the five (05) modules, a Level -5 Award in Maritime Logistics Management (Ship Sale & Purchase) will be issued by the Abu Dhabi Maritime Academy (ADMA), approved by the National Qualification Centre (NQC) Ministry of Education, U.A.E. The Level-5 Award certificate will provide details of the topics that are covered and certify that the holder of the certificate has completed forty credits (600 hours) of structured learning in Ship Sale & Purchase.

  1. Institute of Chartered Shipbrokers (ICS) U.K. Foundation Diploma / Advanced Diploma:

Abu Dhabi Maritime Academy (ADMA) is a Registered Training Provider (RTP) of the Institute of Chartered Shipbrokers (ICS) U.K.  On completion of the programme, the candidates may appear in the examinations of the Institute of Chartered Shipbrokers (ICS) U.K conducted at the Abu Dhabi Maritime Academy (ADMA) in May and November every year. Upon passing these examinations, the candidates could obtain the internationally acclaimed Foundation Diploma / Advanced Diploma from the Institute of Chartered Shipbrokers (ICS) U.K. This may lead to the prestigious full Membership of the Institute of Chartered Shipbrokers (MICS) U.K on passing the ICS Professional Qualifying Examinations (PQE).

Programme Details:

Duration:

The programme duration is six hundred (600) hours comprising four hundred and fifty (450) hours of classroom / online teaching, assignments, case studies and presentation spread over thirty (30) weeks and one hundred and fifty (150) hours of workplace attachment spread over ten (10) weeks. The classes will be conducted from Monday to Friday every week from 0800 hours to 1100 hours or 1600 hours to 1900 hours.

Assessment:

Written assessments comprising subjective questions as well as quizzes, assignments and case studies with 60% pass marks.

Attendance:

90% attendance is required.

Entry Requirements:

Preferred entry requirement is a Bachelor degree in any discipline. Minimum entry requirement is twelve years of structured education or Advanced Level (A’Level). A good working knowledge of written and spoken English with a minimum IELTS Level-5 or equivalent is required.

Accreditation:

ICS accredited & NQC approved as Level-5 Award.

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