LECTURE 3

Lecture 3: What are the additional terms used in Shipping?

Play Video

Lecture 3: Ever wondered What are the additional terms used in Shipping? Do you know the difference between Address Commission and Brokerage? Do you know what do the Claims department do in a Shipping Company?

Description
In this video we'll try to answer the following questions:
  • (1:09) What are charter party forms?
  • (2:05) What are the different types of subjects?
  • (4:14) What is brokerage?
  • (5:00) What is an address commission?
  • (6:10) What is (PDA) Pro forma disbursement account?
  • (7:49) What is (FDA) Final disbursement account?
  • (8:15) What is (SF) Stowage factor?
  • (9:41) What is a Relet Clause?
  • (11:53) What is Rider Clause?
  • (13:12) What is Time Charter equivalent?
  • (14:01) What is “in geographical rotation”?
  • (15:06) What is a “ballast bonus”?

SUBSCRIBE on youtube so you never miss another video

Feel free to download the sample copy of the lecture slides

For the full version of the lecture slide to download

Translate »