FACULTY OF BUSINESS

Department of Logistics Management

LOG 412 | Course Introduction and Application Information

Course Name
Chartering and Ship Brokering
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
LOG 412
Fall/Spring
3
0
3
6

Prerequisites
None
Course Language
English
Course Type
Elective
Course Level
First Cycle
Mode of Delivery Online
Teaching Methods and Techniques of the Course -
Course Coordinator
Course Lecturer(s)
Assistant(s)
Course Objectives Main purpose the course is to provide students with the knowledge, skills and attitutes related to ship agency and freight forwarding profession.
Learning Outcomes The students who succeeded in this course;
  • 1. Introduce the basic concepts of chartering business, types of chartering and shipbroking
  • 2. Understand freight markets and how market mechanisms in chartering and shipbroking function in those markets
  • 3. Introducing charter calculations
  • 4. Being able to calculate demurrage dispatch operations
Course Description This course mainly covers the functions, roles and services of ship agencies and freight forwarders as an intermediaries in logistics and shipping industries. Duties and liabilities of ship agents and freight forwarders will be analyzed in case studies.

 



Course Category

Core Courses
Major Area Courses
X
Supportive Courses
Media and Management Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
1 Place of chartering in logistics and freight indexes Related reading material
2 Ship types, layout, structure and Ship's capacity /Cargo types Related reading material
3 The principles of ship chartering and the role of brokers Related reading material
4 Voyage charter Related reading material
5 Time charter and Bareboat charter Related reading material
6 Voyage Estimating and Freight Calculations in Chartering Business: Calculating The Time Charter Equivalent (TCE) of Freight. Case studies in voyage estimations and freight calculations Related reading material
7 Midterm Related reading material
8 Chartering Negotiations: Offers, Counteroffers, Fixture and Subjects. Related reading material
9 Fixing a Vessel and Concluding the Charter Party Related reading material
10 Laytime Calculations Related reading material
11 Worldscale and Voyage estimation and freight calculation for tankers and calculation of T/C equity s Related reading material
12 Laytime Calculations for Tanker Related reading material
13 Post Fixture Operations Related reading material
14 Term Paper presentations
15 Term Paper presentations
16 Term Paper presentations

 

Course Notes/Textbooks • Shipbroking and Chartering Practice, 5th edition, 1999 by Lars Gorton, Rolf Ihre, Arne Sandevarn, printed in Great Britain by MPG Books Ltd. Bodmin, Cornwall.
Suggested Readings/Materials • Çarter Sözleşmeleri I: Genel Hükümler Sefer Çarteri Sözleşmesi, M.Fehmi Ülgener, Der Yayınları , İstanbul, 2000

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
15
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
Presentation / Jury
Project
1
30
Seminar / Workshop
Oral Exams
Midterm
1
30
Final Exam
1
40
Total

Weighting of Semester Activities on the Final Grade
3
60
Weighting of End-of-Semester Activities on the Final Grade
1
40
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Theoretical Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: '.16.' x total hours)
16
0
Study Hours Out of Class
0
Field Work
0
Quizzes / Studio Critiques
0
Portfolio
0
Homework / Assignments
0
Presentation / Jury
0
Project
1
45
45
Seminar / Workshop
0
Oral Exam
0
Midterms
1
30
30
Final Exam
1
45
45
    Total
168

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To be able to analyze complex problems in the field of logistics and supply chains

X
2

To be able to have good knowledge of sector related market leaders, professional organizations, and contemporary developments in the logistics sector and supply chains

X
3

To be able to participate in the sector-related communication networks and improve professional competencies within the business sector

X
4

To be able to use necessary software, information and communication technologies in the fields of logistics management and supply chain

X
5

To be able to understand and utilize the coordination mechanisms and supply chain integration

X
6

To be able to analyze the logistics and supply chain processes using the management science perspective and analytical approaches

X
7

To be able to design, plan and model in order to contribute to decision making within the scope of logistics and supply chains

X
8

To be able to interpret and evaluate the classical and contemporary theories in the field of logistics and supply chains

X
9

To be able to conduct projects and participate in teamwork in the field of logistics and supply chains

X
10

To be able to have an ethical perspective and social responsiveness when making and evaluating decisions.

X
11

To be able to collect data in the area of logistics and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1).

X
12

To be able to speak a second foreign at a medium level of fluency efficiently.

X
13

To be able to relate the knowledge accumulated throughout human history to their field of expertise.

X

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest

 


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