1. BOLIVARIAN REPUBLIC OF VENEZUELA CARIBBEAN MARITIME UNIVERSITY ACADEMIC VICE RECTORY THE HIGHEST STUDIES SCHOOL FOR THE MERCHANT MARINER’S SIGNATURE: SHIPPING BUSINESS SHIPPING ENVIRONMENT Prof.: BSc. Cap/Alt. MSc Omar A. Varela. Members: Francisco Chinchilla. Miguelángel La Riva. David R. Mata P. Ramón Velasco.

2. Shipping Environment THE ACTORS OF THE SHIPPING ENVIRONMENT THE PEOPLE THAT WE CONSIDER IN SHIPPING SUCH AS THE GREATEST THINKERS, USE TO DEFINE THE SHIPPING ENVIRONMENT AS A THEATRICAL SCENERY THAT WHEN YOU OPEN THE CURTAINS, APPEAR TWO GREATER “ACTORS” THE FIRST ONE IS: “SHE” (THE SHIP OR VESSEL) “THE MEANS OF PRODUCTION” THE SECOND ACTORS ARE THE REST OF THE PARTIES ON THIS UNIVERSE WHICH IS THE SHIPPING ENVIRONMENT, INCLUDING “US”

3. (SHE) The Vessel, The Means Of Production

4. Shipping Business “SHE” “THE VESSEL ” 1st. ACTOR TRADE BANK AND FINANTIAL SHIPOWNER 2nd. ACTORS CHARTERERS SHIP´S OWNER CHAMBER ASSOCIATION MARITIME BROKERS SHIP-YARDS BALTIC EXCHANGE OF LONDON BIMCO CLASSIFICATION SOCIETIES PORTS P&I CLUB IMO CAPT./CREW SHIPPING ENVIRONMENT

5. THE SECOND ACTORS ARE: Is the United Nations specialized agency responsible for the safety and security of shipping and the prevention of marine pollution from ships; its main role is to create a fair and effective regulatory framework for the shipping industry, universally adopted and implemented.

6. The Ship-owners and Shareholders “The Shipping Companies" THE SECOND ACTORS ARE:

7. THE SECOND ACTORS Persons or firms who enter into a contract with a ship-owner for the transportation of cargo or passengers during a stipulated period. The Charterers

8. THE SECOND ACTORS The ones who act as a link between two parties and help in making an agreement between them. Maritime Seniors Brokers and Junior Brokers

9. THE SECOND ACTORS It's a harbour where goods from ships can be loaded and unloaded. Port operations are a necessary tool to enable maritime trade between trading partners. The Ports

10. THE SECOND ACTORS The persons (or committees, departments, etc.) who integrates a body for the purpose of administering the maritime issues of a country. The Governmental Bodies

11. THE SECOND ACTORS A classification society is a non-governmental organization that establishes and maintains technical standards for the construction and operation of ships and offshore structures. Classification Societies

12. THE SECOND ACTORS A classification society is a non-governmental organization that establishes and maintains technical standards for the construction and operation of ships and offshore structures. International Insurance and P&I Club; "Underwriters"

13. THE SECOND ACTORS Which is an institution that provides financial services for its clients or members. Bank - Financial Organizations

14. THE SECOND ACTORS Shipbuilding is the construction of ships and floating vessels. It normally takes place in a specialized facility known as a shipyard. Shipbuilding and ship repairs, both commercial and military, are referred to as "naval engineering". Shipbuilders Shipyards

15. THE SECOND ACTORS This usually are international trade associations for merchant ship-owners and operators, representing all sectors and trades and over 80% of the world merchant fleet. Ship owner’s Chamber Association

16. THE SECOND ACTORS The Government and Intergovernmental Bodies such as: INMARSAT, ILO, BIMCO, UNCTAD, ICC (International Chamber of Commerce) and its designs regarding INCOTERMS, etc.

17. THE SECOND ACTORS Which are focused on teaching practical skills which can be use on the sea or in industries related. It also offers classes in maritime law, international business, engineering, technology, and many other fields directly related to careers on the high seas. Maritime Universities

18. THE BALTIC EXCHANGE OF LONDON

19. THE SECOND ACTORS Those are several 2ND ACTORS from the Shipping Environment) & many others, where “SHE” The Vessel, the Ship, the Means of Production is going to be the 1st ACTOR which means the most important part of the business on the SHIPPING ENVIRONMENT itself, owing to the fact that all 2nd Actors including us, are always receiving earnings on knowledge and in the financial point of view besides the most greatest employment generation on “Direct or Indirect” bases on this wonderful Shipping Environment by means of the Vessel (She), (The Ship) or (Means of Production).

20. OUR WORD IS OUR BOND The Baltic Exchange is the world's only independent source of maritime market information for the trading and settlement of physical and derivative contracts. Its international community of over 600 members encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic Exchange, encapsulated in the motto OUR WORD IS OUR BOND. Those who breach the code are expelled.

21. OUR WORD IS OUR BOND Baltic Exchange’s members are responsible for a large proportion of all dry cargo and tanker fixtures as well as the sale and purchase of merchant vessels. The Baltic Exchange is the world's only independent source of maritime market information for the trading and settlement of physical and derivative contracts. Its members encompass the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic.

22. The Baltic Exchange DRY CARGO FIXTURES TANKERS FIXTURES

23. Daily Freight Market Information This information is used by shipbrokers, owners & operators, traders, financiers and charterers as a reliable and independent view of the dry and tanker markets. The exchange provides daily freight market prices and maritime shipping cost index which are used to settle future freights (known as Forward Freight Agreements or FFAs). Originally operating a trading floor, the exchange's members transactions are today done solely over the telephone.

24. Daily Freight Market Information The exchange publishes seven daily indexes: Baltic Dry Index (BDI) Baltic Panamax Index (BPI) Baltic Capesize Index (BCI) Baltic Supramax Index (BSI) Baltic Handysize Index (BHSI) Baltic Dirty Tanker Index (BDTI) Baltic Clean Tanker Index (BCTI) The exchange also provides forward curves, dry cargo fixture list, daily news and settlement data.

26. The Baltic Code The motto of the Exchange OUR WORD IS OUR BOND symbolizes the importance of ethics in trading. Members need to rely on each other and their principals for many verbally expressed contracts which are only later confirmed in writing. The Baltic Exchange regards ethical trading as essential. The Baltic Code, updated in February 2014, covers the basic principles of shipbroking and highlights a range of unacceptable practices

27. History of The Baltic Exchange The history of the Baltic Exchange spans 260 years and traces its origins back to a humble coffee house - the traditional meeting place of merchants and sea captains - in the City of London.

28. What happened to the old Baltic Exchange? In April 10 th 1992 an IRA bomb consisting of 100 pounds of Semtex™ wrapped in a ton of fertilizer exploded in a van parked outside the Baltic Exchange, then at 30 St Mary Axe, three people died, and many more were injured, as the bomb ripped through the Baltic, destroying offices of major companies in the building and rendering the trading floor unusable. By Monday morning, the Baltic was installed in Lloyd's of London and, by Wednesday, a trading floor was open.

29. The stained glass of the Baltic Exchange war memorial, which had only suffered superficial damage in the bomb blast, has now been restored and is in the National Maritime Museum.

31. The Baltic and International Maritime Council (BIMCO) is the largest of the international shipping associations representing ship-owners; its membership controls around 65 percent of the world’s tonnage, and it has members in more than 120 countries, including managers, brokers and agents. The association’s main objective is to protect its global membership through the provision of quality information and advice and, while promoting fair business practices, facilitate harmonization and standardization of commercial shipping practices and contracts.

32. BARECON 2001 is the successor to BARECON 89 which established itself as the industry’s standard bareboat charter form. Charter Parties and Other Standard Contracts Reference Guides

33. BARGEHIRE 2008 Standard Barge Charter Party and accompanying Explanatory Notes on its clauses Charter Parties and Other Standard Contracts Reference Guides

34. BIMCHEMVOY 2008 Standard Voyage Charter Party for the Transportation of Chemicals in Tank Vessels and accompanying Explanatory Notes on its clauses Charter Parties and Other Standard Contracts Reference Guides

35. BOXCHANGE 2005 Standard Container Interchange Agreement and accompanying Explanatory Notes on its clauses. Charter Parties and Other Standard Contracts Reference Guides

36. BOXLEASE Standard Container Leasing Agreement and accompanying Explanatory Notes on its clauses. Charter Parties and Other Standard Contracts Reference Guides

37. BOXTIME 2004 Standard Time Charter Party for Container Vessels and accompanying Explanatory Notes on its clauses. Charter Parties and Other Standard Contracts Reference Guides

38. CEMENTVOY 2006 Standard Voyage Charter Party for the Transportation of Bulk Cement and explanatory notes on its clauses. Charter Parties and Other Standard Contracts Reference Guides

39. GASVOY 2005 Standard Gas Voyage Charter Party and explanatory notes on its clauses. Charter Parties and Other Standard Contracts Reference Guides

40. GENCON 94 General Voyage Charter Party and explanatory notes on its clauses. Charter Parties and Other Standard Contracts Reference Guides

41. GENTIME General Time Charter Party and explanatory notes on its clauses Charter Parties and Other Standard Contracts Reference Guides

42. GUARDCON has been develop to assist the industry, and in particular shipowners and their P&I Clubs, by providing a clearly worded and comprehensive standard contract on which they can conclude agreements for security services, also prepared Guidance on the Rules for the Use of Force and Explanatory Notes and Guidance on Rules for the Use of Force (RUF) by Privately Contracted Armed Security Personnel in Defense of a Merchant Vessel. Charter Parties and Other Standard Contracts Reference Guides

43. HEAVYLIFTVOY Standard Heavy Lift Voyage Charter Party and accompanying Explanatory Notes on its clauses. Charter Parties and Other Standard Contracts Reference Guides

44. NEWBUILDCON Standard New building Contract and accompanying Explanatory Notes on its clauses. Is designed to form an important part of the negotiation process by providing a solid contractual platform from which the parties can reach an agreement. Charter Parties and Other Standard Contracts Reference Guides

45. PROJECTCON Special Projects Charter Party and accompanying Explanatory Notes on its clauses. Is designed for tug and barge combinations and is part of a suite of offshore industry. Charter Parties and Other Standard Contracts Reference Guides

46. Memorandum of Agreement for the Sale and Purchase of Ships, issued by BIMCO and the Norwegian Shipbrokers Association. The agreement has been updated to reflect current S&P (Sale & Purchase) practice and legal developments. Charter Parties and Other Standard Contracts Reference Guides

47. SHIPMAN 2009 is the standard ship management agreement. Has been updated to reflect the latest ship management practice and legal developments. The agreement provides users with an array of optional management services including more comprehensive crew management provisions. Charter Parties and Other Standard Contracts Reference Guides

48. SUPPLYTIME 2005 Time Charter Party for Offshore Service Vessels and accompanying Explanatory Notes on its clauses. Charter Parties and Other Standard Contracts Reference Guides

49. Thanks to the growing efficiency of shipping as a mode of transportation and its participation in the increase of the countries economy, exists a development of many actors as result of the heavy incomes and revenues owed to the vessel. That’s why these actors get along together with the “mean of production” in order to create a very extensive Co-operation world which is designed to develop the maritime trade and all the resources that are needed to operate a safe and efficient shipping industry....In conclusion