The course gives participants an overview of the technical aspects relating to ships and ship management, enabling them to understand more clearly ship particulars and associated documents, certificates and reports and to use this knowledge to make better analyses and economic assessments of ships.
Who should attend:
Duration: 2 days
The module provides a structured overview of the detailed technical aspects of the ship, its operation and the risks involved in the shipping market in comparison to its asset value in the industry.
The first part of the course consists of an overview of a ship's technical system, past performance history and risks involved that relate to assessing its value. This background information will be vital for the following day where the focus is on the actual analysis of a ship's value and factors relating to a practical assessment.
Discussion of case studies and practical exercises with the participants are designed in such a way that the participants will learni how to analyse and use the knowledge gained in a practical manner to develop a questionnaire for evalutaing investments in ships. The participants will in turn be able to train their own staff with this background knowledge of ships and their operation.
The course focuses on:
- Understanding the main technical and commercial aspects of ships that have an impact on their market value
- Deciphering the technical descriptions used in expert evaluations and reports
- Generating a realistic, practical and financial assessment of a ship in the shipping market
- Developing a practical check list that can be used in the participant's daily work