Course Name : Ship Purchase, Sale and Valuation

Degree: Associate's Degree

Code

Year/Semester

Credits

ECTS Credits

Course Implementation, Hours/Week

Course

Tutorial

Practical

DBO 2009

2/3 (Fall)

2

3

2

2

0

Department

Maritime Brokerage

Instructors

Lecturer Murat Koray

Contact Information

nmkoray@pirireis.edu.tr

Office Hours

Tuesday, 14:00-17:00

Web page

www.pirireis.edu.tr

Course Type

 Elective

Course Language

Turkish

Course Prerequisites

  -

Course Category by Content, %

Basic Sciences

Engineering Science

Engineering Design

Humanities

20

80

Course Description

The course will provide a through introduction to ship sale, purchase and valuation.

Course Objectives

To teach basic concepts, contracts and legal infrastructure of ship sale & purchase procedures in addition to ship valuation techniques and methods.

Course Learning Outcomes

Students will be able to:

I. Understand the characteristics of legal framework around ships sale and purchase

II. Aware of the parties, roles and commercial aspects of contracts involved.

III. Learn the formation of the sale & purchase contract

IV. Figure out the marketing value of ships and learn the other value methods and techniques.

Instructional Methods and Techniques

Presentation, discussion and homework.

Tutorial Place

-

Textbook

• Stopford, Martin: Maritime Economics, Third Edition, Routledge, 2009
• Stopford, Martin: Maritime Economics, 3. Edit. Trans. (Translation Editor: Okan Duru), Nobel, 2016
• Ship Sale and Purchase, Institute of Chartered Shipbrokers (ICS)

Other References

https://www.vesselsvalue.com/

https://www.clarksons.com/

https://www.bimco.org/

Homework & Projects

Each student will prepare a written assignment related with ship sale, purchase and valuation and present the outcomes in the class.

Instructional Methods and Techniques

Lecture, discussion and homework.

Laboratory Work

-

Computer Use

It will be used in lectures and presentations.

ECTS/

WORKLOAD TABLE

Activities

Count

Hours

Total

Workload

Lecture

13

2

26

Midterm

1

2

2

Quiz

1

2

2

Homework

12

3

35

Term Paper/Project

1

6

6

Laboratory Work

Practices

Tutorial

Seminar

Presentation

1

2

2

Field Study

Final Exam

1

2

2

Total Workload

75

Total Workload/25

75/25

Course ECTS Credits

3

Assessment Criteria

Activities

Quantity

Effects on Grading, %

Attendance

1

5

Midterm

1

30

Quiz

1

5

Homework

Term Paper/Project

1

5

Laboratory Work

Practices

Tutorial

Seminar

Presentation

1

5

Field Study

Final Exam

1

50

TOTAL

%100

Effects of Midterm on Grading, %

% 50

Effects of Final on Grading, %

% 50

TOTAL

%100

Week

Topics

Course Outcomes

1

General Introduction to Sale and Purchase, Parties, Roles and Contracts

I

2

Characteristics and type of ship for shipbrokers

I

3

Ship Registration and Classification

I, II

4

Formation of the Sale and Purchase Contract

I, II, III

5

Introduction to Memorandum of Agreement for Ship Sale & Purchase

I, II, III

6

Newbuilding and Secondhand Markets, Finance and Insurance

I, II, III

7

Demolition and Sale Contract

I, II, III

8

MIDTERM

9

Legal aspects of ship sale and purchase

I, II, III

10

Introduction to Vessel Valuation

I, II, III, IV

11

International Valuation Standards

I, II, III, IV

12

Valuation Techniques and Methods

I, II, III, IV

13

General Assesment

I, II, III, IV

14

Presentation of Term Paper

I, II, III, IV

Program Outcomes

Level of Contribution

1

2

3

a

An ability to apply knowledge of mathematics, science, and business

X

b

An  ability to design and conduct experiments, as well as to analyze and interpret data

X

c

An ability to design a system, component or process to meet desired needs

X

d

Ability to function on multi-disciplinary teams

X

e

An ability to identify, formulate, and solve professional problems

X

f

An understanding of professional and ethical responsibility

X

g

An ability to communicate effectively

X

h

The broad education necessary to understand the impact of engineering solutions in a global and societal context

X

i

A recognition of the need for, and an ability to engage in life-long learning

X

j

A knowledge of contemporary issues

X

k

An ability to use the techniques, skills and modern engineering tools necessary for maritime brokerage practice

X

l

An ability to apply legal, societal and environmental knowledge in maritime transport and in all respective modes of transport operations.

X

m

An ability to interpret and analysis of the data regarding maritime management and operations, recognition and solution of problems for decision making process.

X

Prepared by

Lecturer  Murat Koray

Date

22.09.2017

Signature

Course
Outcomes

I

II

III

IV

V

VI

Programme Outcomes

a

b

c

d

e

f

g

h

i

j

k

l

m