Dry Cargo

The mechanics of offers and counter-offers are dealt with as well as warnings regarding the dangers of fraud and unethical practices. Close attention is paid to aspects of freights and hires, with extensive explanation of how to perform laytime calculations and voyage estimates. Finally, world trades and geography affecting the dry cargo market in particular are examined as well as explanations of how dry-cargo chartering organisations are operated, their office techniques, computerisation, the settling of disputes by reconciliation, arbitration and by resort to law, and relevant insurance protection. It is an extensive undertaking in just ten lessons, but the course has been designed to help students in a practical fashion, taking them lesson by lesson in a logical manner through the many and varied facets of this fascinating sector of the world’s maritime industry. The international dry-cargo market is immense, served by numerous ships of all sizes, ranging from general-cargo and specialised vessels through to commonplace bulkcarriers, and from small ‘coasters’ with a cargo capacity of a hundred or so tonnes up to enormous ‘cape-size’ bulkcarriers capable of carrying cargoes in excess of a quarter of a million tonnes of a bulk commodity such as iron ore. There are still a few elderly sailing ships engaged in this most fascinating of markets, as well as the latest, highly sophisticated, fuel-efficient and ‘cargo-friendly’ modern vessels.