Certificate in Tanker Chartering

June 27, 2021

The aim of this certificate in Tanker Chartering 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 Tanker Chartering.

Programme Aim:

The aim of this programme in Tanker Chartering is to provide the candidates with a thorough knowledge on the legal, economic, operational and commercial aspects of the shipping industry followed by a comprehensive and practical insight into the specialist subject of Tanker Chartering. It provides the candidates with all the necessary knowledge to become an efficient, effective and professional ship and tanker chartering broker.

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 “Tanker Chartering” the Group 2 specialist subject of the Institute of Chartered Shipbrokers (ICS) U.K. covering the following key topics:

  • History and development of tanker trade
  • Geography of tanker chartering
  • The market structure
  • Voyage estimating
  • Chartering market practice
  • Tanker voyage charter parties
  • Tanker time charters
  • Tanker laytime calculations
  • Financial elements of tanker chartering
  • Organisations in the tanker industry

Programme Benefits:

This course is ideal for new starters or those working in the shipping business looking to further their knowledge in the bulk liquid cargo sector of the shipping industry. It is also aimed at industry personnel who wish to proceed down the career path leading to the business of tanker chartering and brokerage. The course will also be highly beneficial to students who simply wish to expand their knowledge of this specific sector of the shipping industry.

On successful completion of this programme, the learners will have:

  • A clear concept of the tanker market and how this part of the industry works.
  • Knowledge of the role of the shipping practitioners – the ship owner, the charterer and the shipbroker.
  • A clear understanding of the employment of ships and the international trade practices, lay time calculations and bills of lading.
  • In depth knowledge of the various time and voyage charter parties and the use of world scale and other relevant documents.

Programme Outcomes:

  1. Level -5 Award in Maritime Logistics Management (Tanker Chartering): 

On successful completion of the course comprising the five (05) modules, a Level -5 Award in Maritime Logistics Management (Tanker Chartering) 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 Tanker Chartering. The Level-5 Award Certificate will also provide details of the topics that are covered.

  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.

Programme Details:

Duration:

The course 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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