Diploma in Ship Finance and Vessel Ownership
Online United Kingdom
DURATION
12 Months
LANGUAGES
English
PACE
Full time, Part time
APPLICATION DEADLINE
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EARLIEST START DATE
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TUITION FEES
GBP 3,899 *
STUDY FORMAT
Distance Learning
* + VAT @ 20% for UK individuals and UK companies
Scholarships
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Introduction
A practical guide to the business lifecycle of ship finance, ownership and vessel operations
A holistic view of all aspects of shipping finance and operating and capital costs as relevant to the small and medium-sized shipowning company
This professional development course focuses on the financing options to purchase a ship before considering capital and operating costs, and how to successfully run the business. It is a relevant programme for small and medium-sized ship owning companies, including entrepreneurial start-ups, and delivers insight into financing decision-making at each point in the cycle, from boom through to bust.
The integration of alternative financing techniques into practical aspects of the shipping business is explored, and how fixed and variable costs, and capital expenditure, can be covered out of traditionally unstable earnings. The student will analyse the perspectives of borrowers, lenders and investors on the important issues of risk, security, asset values and the dilemma of whether to fix a vessel in a medium-term contractual commitment (Charterparty), or instead seize opportunities available in the spot market.
Ideal Students
Ideal for:
- Shipping executives,
- Charterers,
- Shipbrokers,
- Bankers,
- Investment organisations,
- Risk advisors,
- Asset and fund managers,
- Seafarers
- Private practitioners considering investment
- Lawyers and accountants who need to gain different perspectives on the industry and insights into their clients’ businesses
Curriculum
- Module 1 - Introduction to Vessel Ownership and Ship Finance
- Module 2 - Buying and Financing a Ship
- Module 3 - Purchasing a Second-Hand Vessel
- Module 4 - Capital Costs of Shipowning
- Module 5 - Operating Costs of Shipowning
- Module 6 - Generating Revenue from a Ship
- Module 7 - Accounting for Shipowners
- Module 8 - Insurance for Shipowners
- Module 9 - Selling a Ship
- Module 10 - Turnaround Strategies
- Module 11 - Case Study
Program Outcome
What you'll learn
- Describe the main characteristics of the shipping cycle and its impact on timing decisions for buying, selling laying up and scrapping vessels
- Analyse the different ways in which debt and equity may be used to finance ship purchases
- Explain the requirements of banks in the course of the purchase. Understand the types of contingency plans used for dealing with problems
- Evaluate the methods for managing capital costs
- Analyse the costs which may be raised against shipowners by third parties, including port costs and agent fees
- Appreciate the concept of operating revenue
- Discuss the retention or sale decision
- Critically evaluate why previous ship-owning companies have become bankrupt
How you'll learn
Every course is broken down into manageable modules, designed to accelerate your learning process through diverse learning activities:
- Work through your instructional material online
- Interact with your peers and learning facilitators through the online forum to discuss subject-related issues and network with your fellow learners
- Investigate relevant, real-world case studies
- Apply what you learn each week to ongoing project submissions