Lesson series

COMMERCIAL SHIPPING OPERATIONS

The Certificate Program in Commercial Shipping Operations is a practical, industry-focused course combining theory and simulator training. It builds expertise in shipping markets, chartering, voyage estimation, laytime, demurrage, and AI in maritime trade - equipping professionals with the skills to make informed operational and commercial decisions in today’s global shipping industry.

Mode

Online
Course

Language

English

Total Duration

30 hours

Price

USD 500/session

Advance your career

Session Timing

DAY 1: Introduction to Commercial Shipping

● Introduction to the Shipping Industry

● Impact on Global Trade

● Four Pillars of Shipping

● Key players

Practical: Introduction to IME Platform

DAY 2: Introduction to Shipping Market

● Introduction, Latitude & Longitude

● Waterways, Canal, Port

● Geography of Trade

● Major Trade Routes

● Types of Shipping Markets

Practical: Oceanova (Passage Planning)

DAY 3: Ships & Cargoes / Locating Cargoes & Tonnages / Ship Brokering

& Chartering and its Types

● Ships & Types of Ships, Characteristics

● Ship Brokering & its types

● Ship Chartering & its types

Practical: Manual Ships & Cargo Matching

DAY 4: Charter Party / Chartering Terms – Laycan, NOR, Demurrage,

Despatch

● Charter Party

● Key Components of a Charter Agreement

● Common Disputes in Charter Party

● Dispute Resolution

● Chartering Abbreviations

Practical: C-Hub (Maritime Tools Training)

DAY 5: Voyage Estimation-Fundamentals, Bunkers, Port Costs

● Voyage Estimation- Introduction

● Components of Estimation

Practical: Navitron (Voyage Estimation)

DAY 6: Estimation Process, Components, Break Even Freight

● Voyage Estimation Process

● Income & Cost Calculations

● Break Even Freight

● Relevance and Conclusion

Practical: Navitron (Voyage Estimation continued)

DAY 7: Laytime Calculation – Basics, CP Clauses/Disputes, Interruptions

● Laycan & its Importance

● Laycan vs. Laytime

● WIBON, WCCON, WIFPON

● Types of Laytime

Practical: Laytime Calculator

DAY 8: Calculation of Laytime, Demurrage and Dispatch

● Demurrage & Despatch

● Stages of Laytime

● Commencement of Laytime

● Laytime Calculation

Practical: Laytime Calculator

DAY 9: AI in Shipping – Trends, Tools, and Future Integration

● Introduction to AI in Shipping

● Tools used

● Future trends and Integration

Practical: Market Analyser (Freight & Market Intelligence)

DAY 10: Final Case Study – Chartering from Start to End

Final Simulation & Viva

The Certificate Program in Maritime Business Management is a

comprehensive, industry-focused training designed to equip participants with

the knowledge, skills, and practical exposure needed to excel in the dynamic

world of commercial shipping and chartering. Delivered in a hybrid format, the

program blends in-depth theoretical learning with hands-on simulator training,

ensuring a strong grasp of both fundamental concepts and real-world

applications.

Over 10 days, participants will gain a thorough understanding of the global

shipping industry, shipping markets, ships and cargoes, chartering practices,

voyage estimation, and laytime calculations. The program also explores

AI-driven innovations in shipping, preparing learners for the future of maritime

business.

Understand the structure, stakeholders, and impact of the global

shipping industry on trade.

● Analyse shipping markets, major trade routes, and cargo flows.

● Master the essentials of ship brokering, chartering types, and charter

party agreements.

● Perform voyage estimation, including cost, income, and break-even

freight calculations.

● Accurately calculate laytime, demurrage, and despatch in different

chartering scenarios.

● Explore emerging AI tools and trends shaping the maritime sector.

● Apply learned concepts through real-time simulator training and a final

case study simulating a complete chartering process from start to finish.

Lead Trainers Profile:

Jagmeet makkar

Independent Arbitrator & Mediator; Former IME(I) Chair - Indian Maritime University; Sea Ambassador ISWAN; Chairman - Institute of Chartered Shipbrokers (HK Branch); Ambassador HK - Baltic Expert Witness Association

capt. kunal narayan uniyal

Capt. Kunal Narayan Uniyal is an accomplished maritime professional, visionary entrepreneur,

renowned author, and highly respected academic. With over 20 years of experience at sea and

ashore, he is a driving force behind innovation in maritime education and commercial shipping

operations.

capt. devasish basu

Capt. Devasish Basu began his career in shipping in 1976 with the Shipping Corporation of India, where he spent 21 years at sea gaining extensive practical and technical experience in the industry. After moving ashore in 1997, he accumulated close to three decades of experience in operational and commercial shipping, including leading the Chartering Division at a major Indian shipping and logistics company.