1. Endeavour Creatives Pvt Limited
www.shippingconferences.com
Commercial Maritime Perils
Real Cases of my Life
Presented by
CK Sharma
Academic Advisor
27th November 2013
Mumbai

2. Perils in Shipping
High Value Assets.
Bad Weather.
Pollution Risk.
Navigation Hazards.
Pirates.
Dangerous Cargoes.
War Zones.
Dangerous Countries.
Cyclical Industry
Bad Owners/Charterers
Maritime Frauds
Commercial Risks

3. Pleasures Of Shipping
Perennial Business.
Encashable Property.
Big Investment.
Income on sale and purchase of the ship.
Huge cash flows.
World wide business.
Moveable Assets
Shipowner’s Status in Society

4. 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
smallest job.

5. Case of Double Freight Payment
for same cargo
Due Diligence is key to the Freight
Management
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.

6. 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
Steel Coils.
Moral of the story is that no matter
what you do some uncertainty will always
haunt you in Shipping.

7. 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
follow.