C K Sharma - Commercial Maritime Perils - 27 Nov 2013
Endeavour Creatives Pvt Limited
Commercial Maritime Perils
Real Cases of my Life
27th November 2013
Perils in Shipping
High Value Assets.
Pleasures Of Shipping
Income on sale and purchase of the ship.
Huge cash flows.
World wide business.
Shipowner’s Status in Society
Case of Dropping Anchor on
Power Line in Venezuela
Communication is key in Shipping business
Abrupt orders can lead to disasters
P&I Cover is essential.
Training is most important for even the
Case of Double Freight Payment
for same cargo
Due Diligence is key to the Freight
Bosses should not fix unrealistic Targets.
A Charter which is too easy to negotiate is a
potential Time Bomb.
If you see a disaster in the making, pl take
very quick steps to overcome it.
Case of Chemical Tanker in NGC
& Case of Steel Coils from India
to Saudi Arabia
There are Disasters associated with
discharging against LOI.
Bad intention of the counterparty is
often the reason
But sometimes, one can get caught in a
freak situation as in case above case of
Moral of the story is that no matter
what you do some uncertainty will always
haunt you in Shipping.
Case of Cashew cargo from
West Africa to Cochin
Trading can not be effectively done without
knowledgeable Shipping back up.
Never load a cargo without pre-sale where
there are Cartels amongst buyers.
If you get caught in a Trading Trap then
immediately get out and cut losses that would