CONCOR Management Trainee 2026 | Commercial & Operations Lecture 11/21 | 20 MCQs | 10 Days Marathon

CONCOR MT 2026 Preparation | Lecture 11/21 – Maritime Shipping: Services, Charters, Freight & Routes Preparing for the CONCOR Management Trainee examination? This lecture covers important Maritime Shipping concepts for the Professional Knowledge section, including liner vs tramp shipping, charter parties, ocean freight, shipping surcharges, international sea routes, IMO conventions and marine insurance basics. Learn the concepts, understand important numerical questions, revise exam-relevant terminology and practise 20 MCQs with answers and explanations. 📚 TOPICS COVERED IN THIS LECTURE 🚢 1. LINER VS TRAMP SHIPPING • Liner shipping vs tramp shipping • Fixed routes, schedules and published tariffs • Mother vessels and feeder vessels • Transhipment and hub-and-spoke systems • Cut-off time, ETA, ETD and blank sailing 🚚 2. SHIPPING INDUSTRY PLAYERS • Shipping lines and shipping agents • Freight forwarders • NVOCC – Non-Vessel-Operating Common Carrier • CHA – Customs House Agent • Stevedores and port authorities • Mate's Receipt, Bill of Lading and Delivery Order ⚓ 3. CHARTERING A SHIP • Voyage charter • Time charter • Bareboat or demise charter • Laytime, demurrage and despatch • Container demurrage vs detention • Numerical question on demurrage calculation 💰 4. OCEAN FREIGHT AND SURCHARGES • Freight prepaid vs freight collect • Dead freight • Weight or Measurement (W/M) basis • Ocean freight calculation • BAF – Bunker Adjustment Factor • CAF – Currency Adjustment Factor • PSS – Peak Season Surcharge • GRI – General Rate Increase • THC – Terminal Handling Charge 🌍 5. IMPORTANT SEA ROUTES AND CHOKEPOINTS • Suez Canal • Panama Canal • Strait of Malacca • Cape of Good Hope • Major international shipping routes • Alternative shipping route between Asia and Europe 🛟 6. IMO CONVENTIONS AND MARINE INSURANCE • IMO – International Maritime Organization • SOLAS – Safety of Life at Sea • MARPOL – Prevention of pollution from ships • STCW – Training and certification of seafarers • MLC 2006 • Marine Insurance Act, 1963 • Institute Cargo Clauses A and C • General average vs particular average 📝 20 PRACTICE MCQs WITH ANSWERS Test yourself with 20 exam-oriented questions covering shipping services, chartering, laytime, demurrage, detention, freight calculations, surcharges, sea routes, maritime conventions and marine insurance. 🎯 WHO SHOULD WATCH? This lecture is part of the CONCOR MT/CO 2026 Professional Knowledge preparation series. It is useful for aspirants preparing for CONCOR and other PSU examinations involving logistics, shipping, transportation, international trade and supply chain management. Revise the key definitions, practise the numerical questions and attempt all 20 MCQs before checking the answer explanations. Subscribe for more CONCOR MT 2026 lectures, professional knowledge notes, revision sessions, MCQs and PSU exam preparation. #CONCORMT2026 #CONCOR2026 #MaritimeShipping #LogisticsManagement #OceanFreight #ShippingIndustry #PSUExams #CONCORPreparation