Maritime Finance, Business and Law

The course will consist of six elements:

• A lecture series

• Writing a business plan

• The Maritime Business Game

• Writing a year report

• Presentation of results during the Grand Annual Meeting

• Law Assignment

Lecture Series

The lecture series filled mostly with guest lectures from industry. Attendance will be taken and counted towards your grade. About nine afternoons will be filled this way. Subjects most likely contain (in random order):

1. Ship Finance

2. Judging Financial Statements

3. Ship Insurance

4. Contract Forms

5. Maritime Law

6. Law Enforcement

7. (IMO) Politics

8. Sustainability Legislation

Writing a business plan

Before venturing into the game with your own company an investment proposal, market analysis and strategy (together forming a business plan) will need to be created. Information from both the lectures and the game can be used to show that your plan will be successful. If you manage to convince Mr. Jones of the potential of your plan you will be granted the starting capital to execute it. Both the feasibility and quality of the business plan will be judged.

The Maritime Business Game

The majority of the course time will be spent on testing and honing your skills in strategic, financial and operational management. In the game, you will try to execute your strategy and turn your business (plan) into a success, while dealing with the dynamics the Maritime Industry is known for. Both your success in the game as well as your understanding will count towards your final grade.

Writing a year report

You'll provide a year report, reflecting on how the financial values came to be and based on this present your plans for the future. Did you manage to create the value you promised for Mr Jones and his associates, or will he be greatly disappointed?

The Grand Annual Meeting

After the game, it's time to face your shareholders. Presenting them results that will entice them to buy shares in your company. At the end, the shareholders will speak. Both your presentation as well as your success with the shareholders will count towards your final grade.

Law Assignment

An essay on a predetermined case. Who is to blame according to the law? Write your argumentation using law texts and court decisions for the right interpretation of them.