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Maritime Law: an Introduction to Shipping Transactions

Learn about the transactions behind the shipping industry via this free online course. Explore the practicalities of global trade.

6,967 enrolled on this course

Maritime Law: an Introduction to Shipping Transactions
  • Duration4 weeks
  • Weekly study2 hours

This free online course will look below the water line at the unseen legal and transactional structures behind the shipping industry.

We will examine the process of acquiring and financing of new vessels and secondary market tonnage: from the various perspectives of a buyer, a seller, a ship-builder and a bank. We will explore the concept of flags of convenience and modern practice of ship registration.

You will develop an understanding of how the merchant fleets of the world are bought, sold and securitized – and how international conventions regulate ships wherever they are registered.

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Skip to 0 minutes and 13 seconds Shipping is big business, a global industry, it affects us all. Over 90% of worldwide trade is carried by sea. It brings us everything from food to furniture and fuel for our cars and our homes. For industry, shipping provides the raw materials and provides an export market. Almost everything around you, our built environment, the phone in your hand has travelled by sea from abroad. But how does it work? What is involved unseen? What does it mean to buy and sell or lease a ship? What are flags of convenience? How does ship finance operate? What kind of international laws apply to ships wherever they are registered?

Skip to 0 minutes and 59 seconds For vessels as diverse as container ships and oil tankers, offshore supply boats and luxury yachts in this course we shall investigate – at an introductory level – the legal structures and techniques involved in ship registration.

Skip to 1 minute and 13 seconds Over the five weeks of the course we will consider: - Ship registration - Ship sale and purchase - Mechanics of a transaction - Ship finance – where the money comes from and the necessary securities - Shipping as a global business - And, together with our colleagues from UK Chamber of Shipping, a look at international regulatory aspects - Shipbuilding contracts - The structure of a new build project - Ship registration from flags of convenience to modern practice At the end of the course, we hope you will better understand some of the terminology, the legal concepts, and the contractual approaches that lie behind the building, the funding, and the operation of seaborne trade. I do hope you can join us.

What topics will you cover?

• An introduction to the maritime sector

• How ships are sold and purchased

• The mechanics behind ship registration

• What flags of convenience are and how they are used

• International regulations and conventions

• Ship finance

• Shipbuilding contracts

What will you achieve?

By the end of the course, you‘ll be able to...

  • Compare the benefits of registering a ship in different registers globally
  • Investigate the legal structures and techniques involved in ship registration
  • Evaluate the contractual approaches involved in shipping transactions
  • Debate the merits of flags of convenience
  • Demonstrate an understanding of ship sale and purchase
  • Explain the regulation of the shipping industry globally

Who is the course for?

There are no special requirements for this course. This is an introductory course and is open to everyone who has an interest in developing their understanding of maritime law. It may be of particular interest to anyone with an interest in global trade; anyone working in the maritime industry (or working in sectors that support the maritime industry) and law students and lawyers considering careers in maritime law.

Who will you learn with?

Ed is Head of the Shipping group at Addleshaw Goddard and is a recognised leading lawyer, specialising in ship sale and purchase, offshore commercial contracts and ship registration.

Who developed the course?

Law Society of Scotland

The Law Society of Scotland is the professional body for solicitors in Scotland. We lead legal excellence by representing our members and representing the public interest in relation to our members.

Addleshaw Goddard

At Addleshaw Goddard, our business is about strong client relationships built on successful delivery across national and international markets. A real meeting of minds.

UK Chamber of Shipping

The UK Chamber of Shipping is the trade association and voice of the UK shipping industry, with more than 180 members from across the maritime sector.