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.