Course 20 of 20 · Freight and Shipping Desk Academy

Integrated Freight Operator Simulation

Stage E, Portfolio, disruption and integrated practice. Level 10 of 10.

Running the full operator mandate end to end under live constraint, choosing between fixing, period cover, reletting and paper hedging, and defending each decision and its residual exposure.

126 chapters · 12 modules · every chapter one 8 to 10 minute explainer · builds on: Course 05, Course 15, Course 18, Course 19

Enrol or enquire See the 126 chapters
How a chapter is delivered

One chapter is one idea taken to the point of use

Each chapter covers one idea to the point where you can use it, and comes two ways: a narrated explainer, and a deep dive audio discussion of around thirty minutes that works the same material at depth.

Self-paced throughout, and the same chapters can be taught as a cohort. Chapters run in order: each one assumes only what the chapters before it taught, and capability belonging to a later course is named and deferred rather than half-covered.

Curriculum

12 modules · 126 chapters

Open any module for its full chapter list, in teaching order.

M0 The Fleet You Inherit and the Position List Ch 1-11
  1. Countersigning the Operator Mandate
  2. Eleven Ships, Nine Open Dates
  3. The Charters In and When Each Ship Comes Back
  4. The Contract of Affreightment You Must Serve
  5. The Voyages Already in Progress
  6. The Paper Book Nobody Documented
  7. Bunker Stems, Prepayment and the Cash You Command
  8. Choosing Limits Tighter Than the Mandate
  9. The Employment Plan You File Before Fixing Anything
  10. What the Marking Rewards Before You Meet It
  11. The Fixtures You Rule Out in Writing
M1 Reading the Market Against Your Open Dates Ch 12-21
  1. The Index Print on Your First Morning
  2. Does the Forward Curve Pay You to Wait?
  3. Where Your Ships Are and Where the Cargoes Are
  4. Reading the Tonnage List Against the Cargo List
  5. The Bunker Screen Behind Every Voyage Calculation
  6. Interrogating a Market Report You Did Not Write
  7. What the Daily Information Pack Withholds
  8. Fixture Reports, Market Talk and What Is Confirmed
  9. Stating a View on One Route Spread
  10. Timestamping the Plan Before the First Fixture
M2 The First Open Ship Ch 22-32
  1. A Panamax Opens in Eleven Days
  2. Four Ways to Employ One Ship
  3. Ranking the Four on Daily Earnings
  4. The Voyage That Pays Best and the One You Can Perform
  5. Negotiating the Fixture Down to Subjects
  6. The Subject You Have to Lift or Lose
  7. The Enquiry You Turn Away
  8. Fixing: The Recap Becomes a Commitment
  9. The Better Enquiry That Arrives After You Fix
  10. The Position List Redrawn After One Fixture
  11. The First Fixture Examined With the Voyage Unperformed
M3 Scarce Tonnage Against Competing Demands Ch 33-43
  1. Two Cargoes, One Suitable Ship
  2. The Nomination the Contract Demands This Week
  3. Serving the Commitment With Someone Else's Ship
  4. What Failing the Lifting Actually Costs
  5. The Part Cargo That Fills the Gap
  6. Declaring the Shipment and Living With It
  7. Reletting the Ship You Cannot Employ
  8. Period Cover While the Curve Is Still High
  9. Committing the Tonnage Plan for the Quarter
  10. The Residual Nobody Chose to Own
  11. The Tonnage Decisions Reviewed by Someone Holding the Charterer's File
M4 Ballast, Bunkers and the Clock of the Voyage Ch 44-54
  1. The Leg That Earns Nothing
  2. Ballast Now or Wait Where She Is
  3. Speeding Up to Hold a Laycan
  4. Slow Steaming When the Market Is Weak
  5. Stemming Bunkers at the Right Port
  6. The Bunker Delivery That Is Short and Off Specification
  7. Canal, Cape or the Long Way Round
  8. The Emissions Cost of the Routing You Chose
  9. Issuing the Voyage Instructions
  10. What the Ballast and the Bunkers Took From the Voyage
  11. The Day You Should Have Ballasted Earlier
M5 Paper Against Steel Ch 55-65
  1. Mapping the Fleet Onto Route Indices
  2. Which Route and Which Months to Sell
  3. Sizing in Vessel Days, Not in Cargoes
  4. The Basis You Are Left Holding
  5. Period Cover or a Sold Strip
  6. An Option Instead of a Sold Strip
  7. The Lot Count Your Credit Line Allows
  8. Placing the Paper and Signing What Is Left Open
  9. The Treasurer Wants the Paper Gone
  10. The Hedge That No Longer Matches Any Ship
  11. The Cover Decisions Examined Before Any Index Prints
M6 Month-End: Voyage Results, Hire and Claims Ch 66-77
  1. Cutting the Month With Three Ships at Sea
  2. Accruing a Voyage Half Performed
  3. The Daily Earnings You Report and the Ones You Earned
  4. Splitting the Earnings Gap Into Four Causes
  5. Marking the Paper Against the Settlement Index
  6. The Hire Statement and the Deductions You Dispute
  7. Provisioning the Demurrage You Will Claim and Owe
  8. Valuing the Bunkers Still in the Tanks
  9. Reconciling the Agents' Disbursement Accounts
  10. The Difference Nothing Accounts For
  11. Which of the Four Earned the Month
  12. The Controller Challenges Your Demurrage Provision
M7 Event: The Ship Breaks Down Ch 78-88
  1. Event: A Main Engine Failure Mid-Passage
  2. Who Pays for the Time She Is Not Working
  3. Substitute Tonnage at Four Days' Notice
  4. Asking the Charterer to Extend the Laycan
  5. The Contract Shipment That Now Has No Ship
  6. Claiming Against the Owner and Against the Policy
  7. The Paper Still Sold Against a Ship That Is Not Trading
  8. Owning the Cost of the Breakdown in One Number
  9. Re-Cutting the Position List Around a Missing Ship
  10. Defending the Breakdown Decisions Under Hindsight
  11. Right Decision, Wrong Number
M8 Event: The Index Turns Against the Fleet Ch 89-99
  1. Event: The Route Index Collapses Inside a Fortnight
  2. The Charter In That Is Now Underwater
  3. Reletting at a Loss or Trading Her Yourself
  4. Early Redelivery and What It Would Cost to Walk Away
  5. The Index Rebounds Before You Have Repositioned
  6. Funding Four Calls in Four Days
  7. Asked to Close the Paper That Protects Your Open Days
  8. The Limit You Breach Without Fixing Anything
  9. Scored Blind on the Fortnight the Market Moved
  10. Separating Skill From Luck in Your Own Earnings
  11. Rewriting the Employment Plan at the Halfway Point
M9 Event: The Port, the Charterer and the Claim Ch 100-110
  1. Event: Congestion Puts Three Ships Outside the Same Berth
  2. Who the Waiting Time Belongs To
  3. Presenting the Demurrage Claim While the Ship Still Waits
  4. Event: The Charterer Stops Paying Hire
  5. Withdrawing the Vessel, or Exercising a Lien
  6. Declaring Default and Pricing the Lost Employment
  7. What Actually Stands Behind the Defaulting Charterer
  8. Event: A War Risk Notice Closes the Intended Route
  9. General Average and the Cargo Interests You Must Chase
  10. Stopping the Contract Liftings While Cash Is Short
  11. The Warnings Already Sitting in Your Own Files
M10 The Final Close Ch 111-118
  1. The Last Ships Open and Nothing Attractive to Fix
  2. Closing the Paper and Naming What It Failed to Track
  3. Settling Every Open Claim to a Figure
  4. Sealing the Operating Period in a Pack You Cannot Amend
  5. Fixed Earnings Against Realised Earnings, End to End
  6. Ranking the Causes of the Earnings Gap
  7. Every Dollar From Hire Paid to Freight Collected
  8. Attribution Across the Whole Operating Period
M11 The Defence Ch 119-126
  1. Two Pages for Whoever Takes the Fleet Next
  2. Where the Written Reason and the Fixture Part Company
  3. The Panel Takes the Employment Decisions
  4. The Panel Takes the Contract You Had to Serve
  5. The Panel Takes the Ships and the Ports
  6. The Panel Takes the Cash and the Cleared Book
  7. The Question Your File Does Not Cover
  8. What a Single Operating Period Could Not Test

The brochure gives each of these 126 chapters a paragraph on what it covers and what you can do once you have worked through it.

This is course 20 of twenty

It stands alone, and it is also the entry point to the Freight and Shipping Desk Academy pathway.

Enrol or enquire See the whole pathway