Shipping Academy

A Statement of Facts (SoF) is a detailed report of a vessel's activities from its arrival and cargo operation commencement to its departure.

A formal notification from the vessel to the cargo owner that the vessel has arrived and is ready to commence loading or discharging of a cargo or to serve a TC (time charterparty).

Laytime is the time allocated in the charter party for the loading or discharging of a cargo at a specified port.

A range of dates (a window) deciding when the vessel has to arrive at a specific port and be ready to start loading.

Demurrage and despatch refer to a penalty or a compensation if it takes more or less time to load or discharge your vessel in a port versus the terms you have in your pre-voyage calculations.

A legal document where the captain (the vessel onbehalf of the shipowner) accept to carry a specific cargo from a specific port to a specific port. It serves many different purposes but originally it was a receipt and a commitment to ship a cargo.

Standard charterparties are legal contracts developed by various organizations to provide a consistent and widely accepted framework for chartering of vessels.

Shipbrokers connect shipowners, charterers, buyers, and sellers, and they provide a range of services to help their clients to optimize their earnings and minimize their risk.

Also named voyage management. The day-to-day management of the company's vessels and cargoes after they have been fixed or scheduled.

Chartering is a process where people working for a shipowner, operator, cargo owner or trader try to optimize the freight revenues for a portfolio of vessels and cargoes.

A shipping agent is a maritime professional or company responsible the smooth and efficient operation of a vessel while it is in port. Shipping agents represent the owner (vessel) and assist the vessel so that the ship will have the best possible despatch during a port call.

A maritime bunker supplier is a company that provides fuel to vessels(ships) and boats. Bunker fuel is a type of fuel used to power the engines onboard vessels.

A charterparty is a legal contract that outline the terms and conditions for the hire of a vessel for a specific time (time charter) or to hire a vessel to carry a specific cargo from a port to a port (voyage charter).