Certificate in Shipping Finance

Programme Aim:

The aim of this programme in Shipping Finance is to provide candidates with a thorough knowledge of the legal, economic, operational and commercial aspects of the shipping industry followed by a comprehensive and practical insight into the specialist subject of Shipping Finance. The programme covers both sides of the financing fence. From the lender’s perspective, the programme considers the basic principles of good lending and sources of security for loans. From the borrower’s angle, the programme examines different equity sources, from debt financing and the bond markets to the various loans, securitisation and the tax-efficient financing schemes.

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 “Shipping Finance” – the Group-2 specialist subject of the Institute of Chartered Shipbrokers (ICS) U.K. covering the following key topics:

Features of ship finance
The current status of ship finance market
The lender’s perspective in shipping finance
Loan documentation in shipping finance
Legal aspects relating to shipping finance
Equity as source of finance in shipping
Difference between types of debts & equity
Types of loans used in shipping finance
Debt financing and the bond market
Other forms of finance
Significance of debt-equity structure

Programme Benefits:

The programme is ideal for a wide range of professionals employed in the Ship Financing Industry including those planning to take up a career in the ship financing department of a shipping firm or a merchant bank.

On successful completion of the programme, learners will have:

The ability to relate the different ship finance instruments and practices to the cyclical nature of the shipping industry.
Understanding of the financing techniques and their application and the principal terms used in ship finance documentation.

Programme Outcomes:

Level -5 Award in Maritime Logistics Management (Shipping Finance):

On successful completion of the programme comprising the five (05) modules, a Level -5 Award in Maritime Logistics Management (Shipping Finance) 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 Shipping Finance.

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.