Additional Terms used in Shipping - Part 1

Lecture 3: Ever wondered What are the additional terms used in Shipping? Do you know the difference between Address Commission and Brokerage? Do you know what do the Claims department do in a Shipping Company?

In this video we'll try to answer the following questions:

(1:09) What are charter party forms?

(2:05) What are the different types of subjects?

(4:14) What is brokerage?

(5:00) What is an address commission?

(6:10) What is (PDA) Pro forma Disbursement Account?

(7:49) What is (FDA) Final Disbursement Account?

(8:15) What is (SF) Stowage Factor?

(9:41) What is a Relet Clause?

(11:53) What is Rider Clause?

(13:12) What is Time Charter Equivalent?

(14:01) What is "in geographical rotation"?

(15:06) What is a "ballast bonus"?

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For the full version of the lecture to download please visit my website.

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Connect with Akash Pise on Social Media-

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#shipbroker #chartering #shipoperations

About: ShipScope brings you an e-learning platform to learn about commercial shipping subject.
So keep on learning it and we will talk soon!

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[hisfavourite_diary]

Sir, your information is very important and useful for the people who are involved in shipping sector like us, thank you so much

[xcom]

Very nice woek, thank you a lot for making these videos!

[vivekmehra]

Great to hear again.
I want to take your services.

[ntlantlalennyvaltein]

hello Akash🙏🙏🙏 thank you for the videos they are very informative, I'd like to know considering that I want to pursue my masters in shipping law LLM. Do your lectures apply globally, for instance can I relay on them for my masters here in South Africa.

[olyalepeshkina]

The video is so well prepared and very good presented:) Thank you so much for your hard work and interesting topic 😃

[atuljanardan]

Once again a great lecture Mr. Akash. This one is better one that previous one. Can be made better by giving some flowry examples.
Still I would say that this one is better attempt then previous one

[venkatspeaks]

Hi, Thank you for the video. Is the TCE formula same for dry bulk and Tanker voyage estimation?

[Yehkaisehotahai]

Ballast Bonus 👌👌
Time charter equivalent

[girishsharma]

Waiting for a clean and dirty oil report for the next 6 months sir.
What all factors do we have to mention to make it a good report.

[karanbebale]

How do we find job with the help of this

[blacktiger]

I came to know about this industry from your help., .and i visited ur linkedin profile and you have been 3rd officer and change career in shipping industry...
i m based in mumbai and want to start career in ICS shipbroking/chartering.plee help me out about job opportunity

[kanhu]

Want to know more about SHINC, SSHEXEIU, can you pls guide me sir

[mufaddalkhardiwala]

Ballast Bonus, I didn't understood 😅