Commercial Shipping - Practical Considerations
Training | Starts 06 February, 2026
Course Objective

This four-module course explores essential aspects of commercial shipping and operations, starting with the fundamentals of bills of lading, including crucial clauses of the contract of carriage and letters of indemnity. It then focuses on the Voyage and Time Charters, emphasizing rights and obligations while discussing seaworthiness, delivery/redelivery, offhire, bunker quantities, quality etc., and the legal implications of contractual breaches. Finally, the course examines slow and super-slow speed operations, highlighting their technical and legal implications, speed and consumption warranties, notable underperformance claims and case law, and risk mitigation strategies.

Duration
2 Days
Venue
IRS Head Office
Fees
₹ 15000 + 18 % GST

About the course

This four-module course explores essential aspects of commercial shipping and operations, starting with the fundamentals of bills of lading, including crucial clauses of the contract of carriage and letters of indemnity. It then focuses on the Voyage and Time Charters, emphasizing rights and obligations while discussing seaworthiness, delivery/redelivery, offhire, bunker quantities, quality etc., and the legal implications of contractual breaches. Finally, the course examines slow and super-slow speed operations, highlighting their technical and legal implications, speed and consumption warranties, notable underperformance claims and case law, and risk mitigation strategies.

Participants

Shipping companies

Modules
  1. Understanding bills of lading & letters of indemnity practical issues
  2. Right and obligations under voyage charterparties
  3. Rights and obligations under time charterparties
  4. Understanding speed & consumptions claims and loss mitigation