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Cargo management, especially in the maritime sphere, plays a vital role in the transfer of goods between seller and buyer. However, despite over 90% of the world’s international trade being conducted by sea, often very little is known about this subject by either party. This unique text provides a clear and comprehensive introduction to the principal elements involved in the management of marine cargo and the carriage of goods by sea. Not only does it analyse key theories and debates in the maritime freight sector, it is equally instructive on practice and logistics. Furthermore, the book provides a thorough guide to the roles and responsibilities of all parties involved in this dynamic industry. This second edition has been fully revised and updated to incorporate the very latest changes in cargo management legislation and procedures, including: Offshore oil & gas supply management The revised INCOTERMS 2010 Tramp shipping and spot cargo trading Project cargo management Dry and liquid bulk cargo management The IMDG Code and the marine carriage of dangerous and hazardous goods Cabotage Salvage Risk management and best practice This is an essential guide for shipping professionals, academics and students of marine logistics, and international trade.
"The book covers every aspect of shipping, taking the reader through manning, safety, training, navigation and communications; it covers classification and insurance, international conventions and maritime law; it looks at ports, workboats, cranes and dry docks, as well as pilots and agents. The author discusses charter parties and contracts of affreightment, shipbroking and vessel vetting, and at the main costs, such as manning, maintenance, insurance and bunkering. He covers sale and purchase, new building and scrapping, as well as ownership structures, mortgages and public and private ownership issues. Not forgotten are the engines and propellers, speed and efficiency, emissions regulations and pollution. The book also provides a handy 'where to go for help' section, a glossary of abbreviations and shipping terms, as well as informative appendices illustrating vessel type dimensions and what might be found in voyage and time charter contracts." --From publisher's website.
A comprehensive book on shipping derivatives and risk management which covers the theoretical and practical aspects of financial risk in shipping. The book provides a thorough overview of the practice of risk management in shipping with the use of theoretical examples and real-life applications.
Aimed at ship owners, operators and managers, this text covers a range of topics including registration, insurance costs, cargoes, crewing, bunkering, voyage estimation and legal issues. This text will also be of interest to those studying for the TutorShip exams as part of the ICS qualification.
This advanced practical textbook deals with the issue of risk analysis, measurement and management in the shipping industry. It identifies and analyses the sources of risk in the shipping business and explores in detail the “traditional” and “modern” strategies for risk management at both the investment and operational levels of the business. The special features and characteristics of all available freight derivative products are compared and contrasted between them. Practical applications of derivatives are showcased through realistic practical examples, while a number of concepts across the contents of this book appear for the first time in the literature. The book also serves as “the reference” point for researchers in the area, helping them to enhance their knowledge of risk management and derivatives in the shipping industry, but also to students at both undergraduate and postgraduate levels. Finally, it provides a comprehensive manual for practitioners wishing to engage in the financial risk management of maritime business. This second edition has been fully updated in order to incorporate the numerous developments in the industry since its first edition in 2006. New chapters have been introduced on topics such as Market Risk Measurement, Credit Risk and Credit Derivatives, and Statistical Methods to Quantify Risk. Furthermore, the second edition of this book builds upon the successful first edition which has been extensively (i) taught in a number of Universities around the world and (ii) used by professionals in the industry. Shipowners, professionals in the shipping industry, risk management officers, credit officers, traders, investors, students and researchers will find the book indispensable in order to understand how risk management and hedging tools can make the difference for companies to remain competitive and stay ahead of the rest.
A concise view of the petroleum shipping industry, its history, and how it is affected by the world petroleum markets. Volume 1 covers the history of energy import, and important characteristics of the three primary types of petroleum shipping (oil, lpg and lng carriers).
Elements of Shipping was first published in 1964 and has become established as a market leader over its many editions. This latest version is entirely updated to take in the many changes that have occurred in the shipping industry in recent years and features new chapters on multimodalism, seaports and electronic data interchange. Emphasis is also placed on professionalism and the need to have the latest technology and professionally qualified personnel to operate a shipping service today. It remains essential reading for the shipping executive along with students and academics with an interest in the shipping industry.
Now in its second edition Maritime Economics provides a valuable introduction to the organisation and workings of the global shipping industry. The author outlines the economic theory as well as many of the operational practicalities involved. Extensively revised for the new edition, the book has many clear illustrations and tables. Topics covered include: * an overview of international trade * Maritime Law * economic organisation and principles * financing ships and shipping companies * market research and forecasting.