Technical management involves the duties a shipping company must perform for the technical operation of a vessel. This involves management related to crew management with related tasks, logistics related to operations as well as operations, service and maintenance.
Often technical management is performed by the ship owning company, but not always. Technical management is sometimes performed by separate companies than the commercial management, that involves chartering of the vessels and the financial aspects that is performed by the owner company.
References
- Huber, Mark (2001). “Ch. 9:Chartering and Operations”, Tanker operations: a handbook for the person-in-charge (PIC). Cambridge, MD: Cornell Maritime Press. ISBN 0-87033-528-6.
- Turpin, Edward A.; McEwen, William A. (1980). “Ch. 18:United States Navigation Laws and Ship’s Business”, Merchant Marine Officers’ Handbook. Centreville, MD: Cornell Maritime Press. ISBN 0-87038-056-X.
Ship chartering
Agreement types:
Voyage charter · Time charter · Bareboat charter · Demise charter · Affreightment
Charter-party members:
Ship-owner · Ship-operator · Ship-manager · Ship-broker · Charterer
Freight rates:
Worldscale
Freight derivatives:
Baltic Exchange · Imarex · Baltic Dry Index
Related topics:
Tramp trade · Bill of lading
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