The Chartering module is designed to provide, enhance and develop knowledge of the chartering procedures (dry cargo and tanker), taking into consideration all parties involved in the process. The module focuses in the following items: Parties involved; market reports; freight indices; offers and counteroffers; details required to be included in offers; negotiations; recapitulation; voyage estimation; charter party types; drawing up charter parties; common clauses. The module also focuses on laytime calculation and advance understanding of the charter party clauses with comparison of wording of different charter parties.

Key Objectives

Provide, enhance and develop knowledge of the chartering procedures (dry cargoes and tankers), taking into consideration all parties involved in the process

Develop students’ ability to assess the relevant market reports in order to determine and propose the proper chartering strategy for the company

Enhance students’ ability to effectively apply legal knowledge when drafting and negotiating the charter parties


  • 13 hours of video
  • 210 pages of notes
  • 650 presentation slides
  • 14 Self - Assessment quizes
  • 1 Summative assignment
  • No prerequisites
  • 20 Credits
  • Optional module


3Freight Market Agents & Dynamics
5The Time Charter Party
6Voyage Charter Party
7The Bareboat Charter Party
8Chartering Practice
10Basic Chartering Rules & Organization
11Financial Elements of Charter Parties
12Laytime Principals
13Laytime Principals 2
14Voyage Calculation
15Voyage Estimation Example
16Disputes and Arbitration
17Derivatives & FFA
18Essential Shipping Terms and Abbreviations
19Laytime Calculation Example
20Final Conclusion


P. Magoulas

MSc in Maritime Studies and International Transport, University of Wales, Cardiff College

Mr. Panagis Magoulas holds an MSc in Maritime Studies and International Transport from University of Wales, Cardiff College (1998), and a BSc in Business Administration from State University of New York, New Paltz College (1994) as well an Associate’s Degree in Business Administration from State University of New York, Empire State College (1992).

Since 1999 he has been working as a full time Chartering broker in Doric Shipbrokers S.A. in Athens. His main core of business is dry cargo chartering of handy up to supra size ships. He is a member of The Baltic Exchange in London since 2006 and a panelist for the Baltic Handysize Index (BHSI).

He has attended in an Educational Program on Shipping Derivatives and Risk Management, from The Research Centre of Athens University of Economics and Business in 2005.

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