Skip to 0 minutes and 13 secondsWelcome to "An Introduction to Shipping Transactions" from FutureLearn. Over 90% of world-wide trade is carried by sea. It brings us everything from food to furniture and fuel for our cars and our homes. Almost everything around you – our built environment, the phone in your hand - has travelled by sea from abroad. But how does it work? In this five week interactive online course,

Skip to 0 minutes and 34 secondsamong the "big questions" that we shall be exploring include: how does one buy and sell a merchant ship? for huge and valuable but inherently moveable assets that are designed to sail away, over the horizon, how do banks take security for their lending to ship-owners? what international laws apply to shipping companies? what does a shipbuilding contract involve? what are flags of convenience? how does one chose between ship registers? At the end of the course, we hope that you will better understand some of the terminology, the legal concepts, and the contractual approaches that lie behind the building, funding and operation of seaborne trade.

Skip to 1 minute and 13 secondsTo begin, in the first week we shall explore the structures and techniques of a ship sale and purchase transaction.

Welcome to the course

Welcome to this open, online course about maritime law focusing on shipping transactions. The course is brought to you by three organisations: the Law Society of Scotland, the professional body for Scottish solicitors globally; Addleshaw Goddard, the leading international law firm; and the UK Chamber of Shipping, the trade body for shipping in the United Kingdom.

This week - amongst other things - you will learn about the factors to take into account when buying or selling a ship; discover what a Memorandum of Agreement is; and consider transaction interests.

But before we start formally: what do you think of when you think of the shipping industry? Does your mind fill with images of luxury yachts, or tugboats, or cargo ships? Do you think it is an environmentally friendly industry or not? What do you think the future holds for this global industry? We would love to hear your thoughts.

If you want to share the course on social media please use the hastag: #flshipping. It would be great to see the discussion both here on futurelearn and in the wider world.

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This video is from the free online course:

Maritime Law: an Introduction to Shipping Transactions

Law Society of Scotland