INDIAN MARITIME UNIVERSITY

(A Central University under the Union Ministry of Shipping)

School of Maritime Management

Regulations & Syllabus

for
Master of Business Administration (MBA)
in
Port and Shipping Management
 FOREWORD

Since its inception in 2009, the School of Maritime Management of the Indian

Maritime University has been offering two specialised MBA programmes – MBA (Port

and Shipping Management) and MBA (International Transportation and Logistics

Management). A majority of the subjects taught in the 2 MBAs were general

management subjects, and there was a felt need to completely revise the curricula,

giving greater emphasis to topics in Shipping, Ports and Logistics. Analysis of Case

Studies was not part of the curricula, and this was a serious lacuna for a Management

programme. The reconstituted School Board, with good support from the faculty, has

completely revised the curricula of the 2 MBA programmes so as to bring them in

tune with the changing dynamics of business, economics and maritime industry

practices around the world. Whereas formerly subjects dealing with Shipping, Ports

and Logistics numbered only 8 in the case of MBA (ITLM) and only 10 in the case of

MBA (PSM) out of a total of 24 subjects, after the curricula revision, the number is

14 out of the same total in both MBA programmes. The course materials, pedagogy

and evaluation criteria have been suitably redesigned. I am confident that the revised

curricula of the 2 MBA programmes will meet the expectations of key stakeholders

viz., students, faculty and the shipping, port and logistics industries.

Shri K. ASHOK VARDHAN SHETTY

Vice Chancellor, IMU and Chairman,
3 rd
August 2015 School Board of Maritime Management

i
 MEMBERS OF SCHOOL BOARD OF MARITIME MANAGEMENT

Shri K Ashok Vardhan Shetty Chairman

1 Vice Chancellor
IMU
Dr A Mourougane
Associate Prof. & Head
2
School of Maritime Management ,
IMU Chennai Campus
Dr B Swaminathan
3 Asst. Professor & Direcor i/c
IMU Cochin Campus
Dr P Panneervel IAS (Retd),
4
Ahmedabad
Dr Jose Paul
Former Chairman
5
Mormugao Port Trust and Visiting Professor,
AMET University, Chennai
Prof M Bhasi
Director & Professor
6
School of Management Studies
CUSAT, Cochin
Dr P T Srinivasan
Professor & Head (Retd.),
7
Dept. of Management Studies
Madras University, Chennai
Dr Sanjay Bhavnani
Director & C O O
8
MMS Maritime (India) Pvt Ltd
Mumbai
Shri Ennarasu Karunesan
CEO & Director
9
DP World
Chennai.

ii
 CONTENTS

Sl. No. Particulars Page

No.
1. Foreword i
2. Members of School Board of Maritime Management ii
3. Programme Regulations 1
4. Syllabus 16
Semester - I 17

1. Principles and Practices of Management 18

2. Managerial Economics 21

3. Financial Accounting and Management 24

4. Communication Skills 27

5. Human Resource Management 30

6. Marketing Management 33

Semester - II 36

1. Quantitative Techniques for Business 37

2. Cost and Management Accounting 40

3. Management Information System 43

4. Maritime Business Environment 46

5. International Business 49

6. Export and Import Documentation 52

Semester - III 55

1. Logistics and Supply Chain Management 56

2. Elements of Port Management 59

3. Elements of Shipping Management 62

4. Containerisation and Multimodal Transport 65

5. Shipping Economics 68

6. Seaborne Trade & Merchant Fleet 71

Semester -IV 74

1. Port Economics 75

2. Shipping Finance and Insurance 78

3. Chartering and Ship Broking 80

4. Public Private Partnership and Port Development 83

 PROGRAMME REGULATIONS

1. About the University:

The Indian Maritime University (IMU) was established through an Act of

Parliament (No. 22 of 2008) on 14th November 2008. As a Central University,

it is poised to play a key role in the development of required human resources

for the maritime sector. The IMU, being the first of its kind in the country will

cater to the educational requirement of the maritime fraternity. IMU has a

panel of dedicated and experienced faculty members, state of the art

infrastructure and efficient administration. IMU’s strength and uniqueness lie

in its ability to integrate theories and practices and its commitment to provide

quality maritime education, training and consultancy. The headquarters of

IMU is located at Chennai and regional campuses are at Chennai, Mumbai,

Kolkata, Visakhapatnam and Cochin.

2. MBA Programmes by SMM:

The Indian Maritime University offers two unique MBA Programmes under the

School of Maritime Management, since academic year 2009-10 viz., MBA in

Port & Shipping Management and MBA in International Transportation &

Logistics Management. The duration of the MBA programme is two academic

years with each academic year divided into two semesters. The odd semester

functions from August to January each year and the even semester from

February to June. There shall be not less than 90 working days in each

semester. The University also encourages enrolment of candidates sponsored

by government/private organizations to pursue the full time programme.

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 MBA in Port & Shipping Management is designed to provide the students

with adequate skills and knowledge in functional areas of the Port and Shipping

sector. It also gives a holistic understanding of the sector integrating various

aspects viz. Port management, Maritime business environment and Shipping

economics apart from a thorough grounding on general managerial skills. This

helps the students to tap into opportunities not only in port, shipping and

logistics sector but also into other sectors of the economy.

MBA in International Transportation & Logistics Management is a

unique program to train students on the management of the domestic and

international transport in the rapidly changing business environment. Logistics

management assumes palpable significance as commercial activities related to

movement of cargo plays a vital role in the fast paced competitive businesses.

Students are thoroughly exposed to principles of Supply chain, Warehousing,

Containerisation, and Strategic sourcing in business. The Logistics and

Transport sector is one on a fast-track growth and the students gear up to

match the requirement of the Industry.

3. Entry Requirements:

For entry into both the MBA programmes, the following are essential:

o A degree from a recognized University with a minimum of 50% marks

in aggregate. A relaxation of 5% in eligibility marks to SC/ST

candidates is given.

2
 o A minimum of 50% marks in English subject (Secondary/Higher

Secondary/ UG degree). The relaxation of 5% will not apply to English

Marks.

o A valid IMU- CET (Common Entrance Test) score conducted in that

academic year. IMU-CET is being conducted every year in April/May for

admission to the MBA Programmes.

4. Payment of Fee:

The course fee, for the programme, is Rs 2 lakhs per year. Both the

programmes are non-residential. However, in case of availability, hostel facility

may be provided to interested students on payment of prescribed hostel fees

as per University norms. Women students are offered Hostel facilities

inside the campus for which currently a fee of Rs. 60,000 per year and

a caution deposit of Rs. 20,000 are being collected. Apart from the course

fee, candidates are required to pay the prescribed examination fee at the time

of appearing for the semester examinations.

5. Credit Systems:

The University follows the “Credit System” for both the programmes. Each

lecture–based course in this programme carries 4 credits. The field work-based

courses of Project work and Internship carry 8 and 4 credits respectively. For

successful completion of the programme, a minimum of “100 credits” is

essential.

3
6. Attendance:

All students must put in a minimum of 75% of attendance in order to appear

for the university end-semester examinations (theory and practical).The

minimum percentage of attendance will be calculated only in terms of the total

working days in the semester and not in terms of classes or subject-wise.

7. Condonation Fee:

If a student has put in less than 75% but has above or equal to 65% of

attendance, owing to reasons such medical, bereavement or any other

legitimate reason, the Campus Director / Principal is empowered to condone

the shortage of attendance subject to the collection of prescribed Condonation

Fee for Attendance as per the University norms.

8. Break-in-Studies:

A student who has put in less than 65% attendance will not be permitted to

write the University’s end semester examination and further will not be

permitted to move to the next semester. It will be treated as a case of

“Break-in-Studies” and he will be required to repeat the incomplete semester

in the next academic year. However, such students are permitted to write the

arrear examinations of previous semesters. Before rejoining the programme,

he/she must obtain due permission from the Vice Chancellor after which he is

required to remit the following fees:

4
 (i) The condonation fee for ‘Break in Studies’ as prescribed by the

university

(ii) The semester fees for the concerned semester once again where

he/she is repeating an incomplete semester.

9. Programme Completion:

Students, enrolled for an MBA programme shall complete the same within a

maximum of 4 years duration, from the date of enrolment to the respective

programme.

10. Continuous Internal Assessment:

Each course faculty will continuously assess the students based on their

performance viz. Case study discussion, Paper presentation, Quiz, Written/Oral

Test, and Assignments. Case method as a pedagogical tool is adopted for all

courses. The maximum internal assessment mark for each course is 40. There

is no minimum pass mark in the internal assessment. The breakup of

internal assessment marks will be as follows:

a. Internal Tests (best 2 out of 3) - 10 Marks

b. Class participation - 05 Marks

c. Individual assignment & presentation- 10 Marks

d. Group assignment & presentation - 15 Marks

_______
Total 40 Marks
_______

5
11. Internship:

Each student, for both the programmes, is required to undergo an individual

internship for a period of minimum forty-five (45) days and maximum of sixty

(60) days during their summer break of the first year. The students are

attached to a reputed port/ shipping/logistics related company as an intern

and prepare a report about the learnings undertaken during the period. After

completion of internship, they are required to submit an individual ‘Internship

report’ to the department, within 15 working days from the date of

commencement of their third semester. This report will be assessed jointly by

two examiners (Internal and External) for a maximum of 75 marks (3 credits).

The Viva Voce examination will be conducted jointly by the two examiners for

a maximum of 25 Marks (1 Credit).

12. Project work:

Each candidate shall be required to take up an individual Project at the

beginning of the IV semester. These projects shall be completed under the

guidance of faculty members within the University. The respective guide shall

be responsible for certification of the data and shall guide the student in

drafting the final report.

The students are required to submit their project proposal at the end of the

third semester well before the winter break commences and get the same

approved by the department. The students may choose to work on projects

related port/shipping/logistics area, conduct appropriate studies/research

6
 before submission of findings in the form of a research report. A student has

to submit three copies of the project research report to the guide on or before

the specified date. The Project report will be evaluated jointly by two Examiners

(Internal and External) for a maximum of 150 Marks (6 Credits).

The Viva-voce will be conducted by the two Examiners for a maximum of 50 Marks

(2 Credits). The student may retain one copy after due certification by the guide

and the Head, SMM. The guide shall retain one copy and send one copy to the

department library after the Viva Voce Examination. The student who fails to

submit his /her project report at the end of the respective academic year shall

be permitted to submit the same only at the end of the subsequent academic

year along with the ensuing batch.

13. University Examinations:

The University examinations, for the both the programmes, will be held

towards the end of each semester for duration of three hours per course for a

maximum of 60 marks with a passing minimum of 30 marks.

14. Passing Minimum:

The internal assessment component does not have any passing minimum. The

passing minimum is 50% of the University examination in each course. The

overall passing minimum ( for 100 marks ) is computed by totaling the internal

assessment marks and the University examination marks obtained by each

student.

7
15. Question Paper and Evaluation:

The question paper for all the courses, for both the programmes, will be set

for a maximum mark of 60 and will have three sections Section A, Section B

and Section C. Questions in each section for will be taken evenly from each

unit of the prescribed syllabus.

SECTION A (12 x 1 = 12 Marks)

Section A will comprise of 12 multiple choice questions, all of which will have

to be answered and evaluated for 1 mark each.

SECTION B (5x 4 = 20 Marks)

This section will consist of seven questions, out of which any five may be

chosen. Answers to these questions should not exceed 200 words each. Each

answer will be evaluated for 4 marks.

SECTION C (4 x 7 = 28 Marks)

This section will consist of six questions, the first of which will be a case study/

analytical problem and is compulsory. Out of the remaining five questions the

students may answer any three. An analytical question may be framed in those

courses where case discussion is not suitable. The analysis/answer shall not

exceed 500 words and will be assessed for 7 marks each.

Question Paper Pattern

SECTION – A Multiple Choice Questions (MCQ)

Answer all the Questions: 12 x 1 mark = 12 marks

8
11. Internship:

Each student, for both the programmes, is required to undergo an individual

internship for a period of minimum forty-five (45) days and maximum of sixty

(60) days during their summer break of the first year. The students are

attached to a reputed port/ shipping/logistics related company as an intern

and prepare a report about the learnings undertaken during the period. After

completion of internship, they are required to submit an individual ‘Internship

report’ to the department, within 15 working days from the date of

commencement of their third semester. This report will be assessed jointly by

two examiners (Internal and External) for a maximum of 75 marks (3 credits).

The Viva Voce examination will be conducted jointly by the two examiners for

a maximum of 25 Marks (1 Credit).

12. Project work:

Each candidate shall be required to take up an individual Project at the

beginning of the IV semester. These projects shall be completed under the

guidance of faculty members within the University. The respective guide shall

be responsible for certification of the data and shall guide the student in

drafting the final report.

The students are required to submit their project proposal at the end of the

third semester well before the winter break commences and get the same

approved by the department. The students may choose to work on projects

related port/shipping/logistics area, conduct appropriate studies/research

6
 before submission of findings in the form of a research report. A student has

to submit three copies of the project research report to the guide on or before

the specified date. The Project report will be evaluated jointly by two Examiners

(Internal and External) for a maximum of 150 Marks (6 Credits).

The Viva-voce will be conducted by the two Examiners for a maximum of 50 Marks

(2 Credits). The student may retain one copy after due certification by the guide

and the Head, SMM. The guide shall retain one copy and send one copy to the

department library after the Viva Voce Examination. The student who fails to

submit his /her project report at the end of the respective academic year shall

be permitted to submit the same only at the end of the subsequent academic

year along with the ensuing batch.

13. University Examinations:

The University examinations, for the both the programmes, will be held

towards the end of each semester for duration of three hours per course for a

maximum of 60 marks with a passing minimum of 30 marks.

14. Passing Minimum:

The internal assessment component does not have any passing minimum. The

passing minimum is 50% of the University examination in each course. The

overall passing minimum ( for 100 marks ) is computed by totaling the internal

assessment marks and the University examination marks obtained by each

student.

7
 SECTION – B (200 words)

Answer any 5 out of 7 :5x4 marks = 20 marks

SECTION – C (500 words- Case study/Analytical problem/Essay)

i. Question 1 of the section is compulsory: 1 x 7 marks = 07 marks

ii. Question 2 to 6- Answer any 3 out of 5: 3 x 7 marks = 21 marks

________
TOTAL= 60 marks
_______
16. Evaluation of Answer Scripts:

Answer scripts of the University examination will be subjected to double

valuation by a Panel of Examiners constituted by a competent authority. Where

there is variation of more than 15% of marks between the first and second

valuation, the paper shall be sent for third valuation. The final marks shall be

the “average of the third valuation and the nearest among the first and second

valuation”. However, Guidelines for valuation and ‘Declaration of Results’

framed by the competent authority from time to time will apply.

17. Arrear paper:

A student with arrears can repeat the papers along with the subsequent

semester examinations. In such cases, the internal marks obtained by the

student will be carried over for computation of total marks.

9
18. Classification of Marks:

The classification of marks will be as follows.

 75% of the marks and above – Distinction

 60% and above but below 75%- I class

 50% and above but below 60% - II class

 Below 50 % - Fail

19. Consolidated Mark Statement:

The consolidated marks statement indicating marks scored in all the courses

will be issued when the students pass all the courses of the respective MBA

programme. The fee for consolidated marks statement is to be remitted along

with the examination fee while registering for the IV semester examination.

20. Rank Certificate:

For each specialisation, meritorious students who secure the first “THREE”

ranks in the overall performance (internal assessment and the university

examination) in the first attempt itself will be issued Rank Certificates on a

written request through prescribed form.

21. Provisional Certificate:

For those who are declared qualified for the M.B.A degree, Provisional Degree

certificate will be issued in person or sent by post after publication of the

10
 results. All the students have to pay the fee for the provisional certificate along

with fourth semester examination fee.

22. Award of Degree:

Students who have successfully completed the programme within the

stipulated period will be awarded the degree of Master of Business

Administration in the respective specialisation. For those who are declared

qualified for the MBA degree, the convocation form will be issued. The degree

certificate will be issued to the students only if they apply for the same in the

prescribed convocation form, along with the fee specified in the application

form. The degree will be conferred in person or in absentia as requested.

11
 Master of Business Administration
Port and Shipping Management
Semester – I
Allocation of Classes, Assignment Marks, etc. for Students
Internal Assessment Mark

Total contact hours per week

( 40 Marks )

Group Discussion/ Tutorial

Lecture Hours Per week
Semester Exam Marks
Individual Assignment &
Course Name

(Best 2 out of 3)

hour per week

Marks
Course Code

Assignment &
Presentation

Presentation
Participation
Credits

Group

Total
Class
Test
PG21T2101
Principles and Practices of 4 10 05 10 15 60 100 4/72 1 5
Management

PG21T2102 Managerial Economics 4 10 05 10 15 60 100 4/72 1 5

PG21T2103
Financial Accounting and 4 10 05 10 15 60 100 4/72 1 5
Management

PG21T2104
Communication Skill 4 10 05 10 15 60 100 4/72 1 5

PG21T2105 Human Resource 4 10 05 10 15 60 100 4/72 1 5

Management

PG21T2106
Marketing Management 4 10 05 10 15 60 100 4/72 1 5

Field visit , Library, Computer lab etc. 10

Total 24 600 24/432 6 40

12
 Master of Business Administration
Port and Shipping Management
Semester – II
Allocation of Classes, Assignment Marks, etc. for Students
Internal Assessment Mark

Lecture Hours Per week

Total contact hours per

Tutorial hour per week
Semester Exam Marks
( 40 Marks )

Group Discussion/
(Best 2 out of 3)
Course Name

Marks
Course Code

Assignment &
Assignment &

Presentation

Presentation
Participation

Individual
Credits

Group

week
Total
Class
Test
PG21T2201
Quantitative Techniques 4 10 05 10 15 60 100 4/72 1 5
for Business

PG21T2202
Cost and Management 4 10 05 10 15 60 100 4/72 1 5
Accounting

PG21T2203 Management Information 4 10 05 10 15 60 100 4/72 1 5

System

PG21T2204 Maritime Business 4 10 05 10 15 60 100 4/72 1 5

Environment

PG21T2205
International Business 4 10 05 10 15 60 100 4/72 1 5

PG21T2206 Export and Import 4 10 05 10 15 60 100 4/72 1 5

Documentation

Field visit , Library, Computer lab etc. 10

Total 24 600 24/432 6 40

13
 Master of Business Administration
Port and Shipping Management
Semester – III
Allocation of Classes, Assignment Marks, etc. for Students
Internal Assessment Mark
( 40 Marks )

Total contact hours

Lecture Hours Per

Group Discussion/
Tutorial hour per
Semester Exam
(Best 2 out of 3)

Marks
Course Code

Assignment &
Assignment &
Course Name

Presentation

Presentation
Participation

per week
Individual
Credits

Marks
Group

week

week
Total
Class
Test
Logistics and Supply Chain
PG21T2301 4 10 05 10 15 60 100 4/72 1 5
Management

Elements of Port
PG21T2302 4 10 05 10 15 60 100 4/72 1 5
Management

Elements of Shipping
PG21T2303 4 10 05 10 15 60 100 4/72 1 5
Management

Containerisation and
PG21T2304 4 10 05 10 15 60 100 4/72 1 5
Multimodal Transport

PG21T2305 Shipping Economics 4 10 05 10 15 60 100 4/72 1 5

Seaborne Trade & Merchant

PG21T2306 4 10 05 10 15 60 100 4/72 1 5
Fleet

PG21P2301 Internship* 4 100*

Field visit , Library, Computer lab etc. 10

Total 28 700 24/432 6 40

* Internship: - internship report submitted by students based on the individual internship done during their summer break
will be jointly evaluated by two examiners (Internal and External) for a maximum of 75 marks (3 Credits). The Viva voce
examination will be conducted jointly by the same examiners for a maximum of 25 marks (1 Credit).

14
 Master of Business Administration
Port and Shipping Management
Semester - IV
Allocation of Classes, Assignment Marks, etc. for Students

Group Discussion/ Tutorial

Internal Assessment Mark

Lecture Hours Per week

( 40 Marks )

Total contact hours per

Semester Exam Marks
(Best 2 out of 3)
Course Name

hour per week

Marks
Course Code

Assignment &
Assignment &
Presentation

Presentation
Participation

Individual
Credits

Group

week
Total
Class
Test
PG21T2401 Port Economics 4 10 05 10 15 60 100 4/72 1 5

Shipping Finance and

PG21T2402 4 10 05 10 15 60 100 4/72 1 5
Insurance

PG21T2403 Chartering and Ship Broking 4 10 05 10 15 60 100 4/72 1 5

Public Private Partnership and

PG21T2404 4 10 05 10 15 60 100 4/72 1 5
Port Development

PG21P2401 Project** 8 200** 10

Field visit , Library, Computer lab etc. 10

Total 24 600 16/288 4 40

**The Project Work will be evaluated jointly by TWO Examiners (Internal and External) for a maximum of 150 Marks (6 Credits).
The Viva-voce examination will be conducted by both Examiners for a maximum of 50 Marks (2 Credits).

15
SYLLABUS

16
 SEMESTER – I

1. Principles and Practices of Management

2. Managerial Economics
3. Financial Accounting and Management
4. Communication Skills
5. Human Resource Management
6. Marketing Management

17
 PG21T2101- PRINCIPLES AND PRACTICES OF MANAGEMENT

Objective: 72 Hrs
This course presents a thorough and systematic coverage of management theory
and practice. It focuses on the basic roles, skills and functions of management.

Unit I: Global Management -Theory and Practice 12 Hrs

Definition of Management– Nature- Purpose- Science or Art- Development of

Management Thought– Contribution of Henry Fayol and F W Taylor- Approaches to

Management- Functions of Managers- Social responsibility of Managers– Ethics in

managing- International management- MNCs- Country alliances- Cultural

differences- Porter’s competitive advantage of Nations.

Unit II: Planning and Decision Making 15 Hrs

Planning: Essentials of planning- Types- Planning process- Objectives- Management

by Objectives- Strategies- Policies and planning premises- Blue ocean strategy -

Portfolio matrix- Premising and Forecasting.

Decision Making: Importance- Limitations of rational decision making- Evaluation of

alternatives- Selection of alternative–three approaches- Programmed and non-

programmed decisions- Creativity and Innovation.

Unit III: Organising and Staffing 20 Hrs

Organising: Nature- Formal and informal organisation- Entrepreneuring and

Reengineering Organisation structure-process- Departmentation- Strategic Business

Units (SBU)- Line/Staff authority- Empowerment- Functional authority-

18
Decentraliszation– Delegation- Effective organising- Avoiding conflict by clarification-

Organisational culture.

Staffing: Definition- Systems approach to staffing- Human Resource Management-

Selection process- techniques and instruments- Performance appraisal-appraisal

criteria- Team evaluation approach-applying performance review software-

Formulating career strategy- Training of Managers- Organisational dynamics-

Managing change and organisational conflict.

Unit IV: Leadership and Motivation 12 Hrs

Leading: Definition- Approaches to Leadership- Leadership styles-Trait theories-

Committees, Teams and Group decision making- Personality- Perception- Individual

and group behaviour- Cognitive dissonance theory- Human factors and motivation-

Theories of Motivation- McGregor’s theory X and theory Y- Maslow’s hierarchy of

needs theory- ERG theory- Herzberg’s theory- Expectancy theory- Equity theory-

McClelland’s needs theory- Motivational techniques-Job enrichment.

Unit V: Controlling and Control techniques 13 Hrs

Controlling function- Basic control process- Critical control points-standards- Control

as a feedback system- Control of overall performance- Profit & Loss control-Control

through ROI-Management audits-Balanced score card-effective control.

Control techniques: Budget as a control device-Time-event Network analysis-

analytics in managing-Use of computers in handling information- Digital economy, e-

commerce and m-commerce-Tools to improve productivity and TQM.

19
Text Books:

1. KOONTZ, H. & HEINZ, W. (2012) Essentials of Management: An

International and Leadership Perspective. 9th edition, Tata McGraw Hill.

2. ROBBINS, S.P., & DAVID, A. D, (2009) Fundamentals of Management:

Essential Concepts and Applications. 6th edition, Pearson Education.

Reference Books:

1. WEIHRICH, H., MARK, V. C. & HAROLD, K. (2010) Management: A Global

and Entrepreneurial Perspective. 13th Edition, Tata McGraw Hills.

2. RAO, V.S.P. & KRISHNA, H. (2009) Management: Text and Cases. Excel

Books.

3. TRIPATHY, P. C., & REDDY, P. N. (2008) Principles of Management. Tata

McGraw Hills.

4. MICHAEL, A. H., STEWART J. B., & LYMAN, W. P. (2008) Management.

Pearson Education.

Websites:

1. http://www.exed.hbs.edu/
2. http://ceoforums.us/
3. http://ceoworld.biz/ceo/top-best-business-finance-magazines-blogs-
journals
4. https://www.malik-management.com/en/pdf/ml/malik-letter-english-100-
years-of-peter-drucker-11-2009.pdf

20
 PG21T2102- MANAGERIAL ECONOMICS

Objective: 72 Hrs

To impart theoretical and practical knowledge on business decision making using

the tools of economic analysis and to offer insights into the behaviour of microeconomic and
macroeconomic units.

Unit I: Fundamentals of Managerial Economics 15 Hrs

Introduction to Managerial Economics- Decision making model- Role of profits-

objectives of the firm- Fundamental economic concepts: Demand and Supply-

Marginal Analysis. Demand Analysis: Demand relationship- Price elasticity of

demand- Income elasticity of demand- Cross elasticity of demand- Combined effect

of demand elasticities- Estimating demand- Business and economic forecasting-

Supply Analysis- Elasticity of supply- Factors influencing supply.

Unit II: Production and Cost 15 Hrs

Production Function: Production functions with one variable input- Determining the

optimal use of the variable input- Production functions with multiple variable inputs-

Determining the optimal combination of inputs- Returns to scale. Cost Analysis:

Meaning and measurement of cost- Short run cost functions- Long run cost functions-

Economies and diseconomies of scale- Cobb-Douglass Production function-

Estimating cost functions- Break Even Analysis.

Unit III: Pricing and Output Decisions: Strategy and Tactics 18 Hrs

Market structures: Perfect Competition - Pure Competition- Monopoly- Monopolistic

competition- Oligopoly- Oligopolistic market structures- Oligopolistic rivalry and

Game Theory. Pricing Techniques and Analysis: Conceptual framework for proactive

21
systematic- analytical, value based pricing- Optimal differential price levels-

Differential pricing in target market segments- Pricing in practice.

Unit IV: Macroeconomics: Economic Growth and Business Cycles 12 Hrs

Overview of macroeconomics- Measuring economic activity- Gross Domestic Product

(GDP)-Gross National Product(GNP)- National Income (NI)-Balance of

Payment(BoP)- Balance of Trade (BoT)- Foreign Exchange- Consumption and

Investment- Business cycles and Aggregate demand- Money and the financial

system-Monetary policy and the economy- Fiscal Policy.

Unit V: Macroeconomics: Growth and Development Problems 12 Hrs

Economic Growth- Challenge of economic development- Exchange rates and the

international financial system- Open-economy Macroeconomics- Unemployment and

Foundations of Aggregate Supply- Inflation- Frontiers of Macroeconomics.

Text Books

1. MANKIW, G. (2012) Principles of Economics. Cengage Learning

2. MCGUIGAN, MOYER & HARRIS. (2012) Economics for Managers. Cengage

Learning

3. SAMUELSON, P.A., & NORDHAUS, W. D. (2007) Economics. McGraw Hill

4. VARSHNEY, R. L & MAHESHWARI, K. L. (2014) Managerial Economics. Sultan

Chand and Sons

22
Reference Books

1. CHRISTOPHER, R. T., CHARLES, M., & SUMIT S. (2010) Managerial Economics

Concepts and Applications. 9th edition, McGraw Hill

2. KOUTSOYIANNIS, A. (1979) Modern Microeconomics. Palgrave Macmillan

3. PEARSON & LEWIS (1999) Managerial Economics. Prentice Hall.

4. RECKIE & CROOKE (2007) Managerial Economics. Prentice Hall Publications.

5. SALVATORE, D. (2001) Managerial Economics. McGraw-Hill

Websites
1. www.cambridge.org
2. www.stanford.edu
3. www.lse.ac.uk
4. https://economics.uchicago.edu/
5. www.ibscdc.org

23
 PG21T2103 - FINANCIAL ACCOUNTING AND MANAGEMENT

Objective: 72 Hrs.
To impart basic understanding of financial transactions of a business entity and to
help the students develop skill to understand and analyse financial problems and data to
make good financial decisions.

Unit I: Fundamentals of Financial Accounting 13 Hrs

Introduction-objectives, scope of Financial Accounting- Accounting terms-Concepts &

Conventions- International and Indian Accounting Standards, Generally Accepted

Accounting Principles (GAAP) - Double entry system - Journal - Ledger - Subsidiary

books - Trial Balance.

Unit II: Preparation of Final Accounts 18 Hrs

Preparation of Final Accounts: Trading, Profit & Loss Account and Balance Sheet -

Income statement and Balance sheet in vertical form as per the Companies Act 2013

with adjustments. Depreciation Accounting: Meaning, objects, causes and factors

affecting depreciation- Accounting treatment - Methods – Fixed and written-down-

value (WDV) methods.

Unit III: Financial Decision 15 Hrs

Sources of long term-finance , analysis of leverage, capital structure- planning and

policy – determinants of capital structure and theories of capital structure- Net

Income – Net Operating Income- Traditional Approach , cost of capital – concept and

computation of different costs of capital- Cost of Debt- Cost of Preference Capital -

Cost of Equity capital- Weight Average Cost of Capital (WACC).

24
Unit IV: Investment Decision 14 Hrs

Investment Decision – nature , concepts , importance and types of investment

decision- Investment evaluation criteria - Payback period method, Accounting Rate

Return(ARR), Discounted cash flow methods- Net Present Value (NPV) , Profitability

Index ( PI), Discounted Payback method and Internal Rate Return(IRR)- - Project

appraisal under Risk and Uncertainty - Conservative methods and modern methods

of Risk analysis.

Unit V: Dividend Decision and Working Capital Management 12 Hrs

Dividend Decision – nature and concept of dividend decision, types of dividend,

Dividend theories – Walter’s Model, Gordon’s Model, The Miller- Modigliani (MM)

Hypothesis, relevance of Dividend policy under market imperfections-objectives of

Dividend Policy – forms of dividend – bonus shares- stock split- buyback of shares

Working Capital Management: Concepts of working capital- operating and cash

conversion cycle- Permanent and variable working capital – determinants of working

capital-issues in working capital management- estimating working capital needs-

sources of working capital.

Text Books:

1. GREWAL, T.S. Introduction to Accounting. S. Chand and Co: New Delhi

2. MAHESHWARI, S. N., Financial Accounting. Vikas Publication: New Delhi

3. PANDEY, I. M., Financial Management. Vikas Publication: New Delhi

4. GUPTA, R. L., & V. K. GUPTA, Principles and Practice of Accountancy. Sultan

Chand and Sons: New Delhi

25
Reference Books:

1. TULSIAN, P. C., Financial Accounting. Tata McGraw Hill, New Delhi

2. REDDY, T. S., & HARI, P. R., Financial and Management Accounting. Margham

publications

3. GUPTA, R. L., & RADHASAMY, Financial Accounting Intermediate ICWA. Sultan

Chand and Sons: New Delhi

4. GOYAL, B.K., Financial Accounting. Modern Publications: New Delhi

5. JAIN, S. P., & K. L. NARANG, Advanced Accounting, Kalyani Publishers: New

Delhi

Websites:

1. http://ipa.nic.in/
2. http://icmai.in/upload/Students/Syllabus-2012/Study_Material_New/Inter-
Paper5.pdf
3. http://www.accountingcoach.com/

26
 PG21T2104- COMMUNICATION SKILLS

Objective: 72 Hrs.
To prepare students for today’s communication challenges in business
organisations with special emphasis on current communication technology.

Unit I: Introduction to Business Communication 14 Hrs

Introduction: Communication in Business - Importance of Communication- Effective

business communication-formal and informal communications- grapevine-

communication at work place - using technology to improve business communication-

concept of knowledge management-Mastering listening skills –Improving non-verbal

communication skills-Communicating in Teams-Interpersonal skills- management by

walking around, - Importance of Feedback -positive and negative feedback-

practising effective feedback, Cross-cultural communication challenges in a global

field.

Unit II: Writing Process, Messages and Meetings 14 Hrs

Writing Process: planning, analysing the situation-gathering information-selecting

the right medium- adapting to the audience- first draft- revision- editing and review-

usage of technology-proof reading- creating brief messages – writing routine and

positive messages- drafting negative messages- writing persuasive business

messages- developing marketing & sales messages- drafting effective email

messages- creating effective business blogs-creating podcasts-distribution of blog

and podcast content- Meeting-drafting of Notice, Agenda and Minutes.

27
Unit III: Proposals and Reports 14 Hrs

Planning informational reports- Analytical reports- planning proposals- Composing

reports – Drafting based on style /tone to suit audience- Helping readers- Use of

technology in reports/ proposals- revising reports and proposals- submitting

proposals.

Research Reports: The written research report- executive summary, introduction,

methodology, findings and conclusions- writing the draft- oral presentation-

preparation, delivery and audio visuals, Presenting results and report writing-

precautions for report writing- norms for using tables, charts, diagrams- appendix-

norms for using Index and Bibliography- Format of Business documents.

Unit IV: Presentation skills 14 Hrs

Oral presentation: audience analysis- composing presentation- preparation to speak-

overcoming anxiety- handling questions responsively-communicating across

cultures- enhancing presentations with slides and other visuals- creating effective

handouts- practicing the delivery- Designing a visual communication- identify points

to illustrate- visual design principles- presenting information/ concepts/ideas-

Unit V: Developing CVs and Attending Interviews 16 Hrs

Organising approach to employment process- Planning a Resume’- writing a resume-

writing application letters- follow ups- understanding the interview process—common

types of interview- Preparing for a job interview- interviewing for success-

interviewing across borders- following up- Letter of acceptance- letter declining an

offer- avoiding miscues.

28
Text Books

1. BOVÉE, C. L., JOHN V. THILL & BARBARA E. SCHATZMAN (2009) Business

Communication Today. 6th edition, Prentice Hall: New Delhi.

2. KOTHARI, C. R., Research Methodology. (2010) New Age International

Publishers: New Delhi.

Reference Books

1. CAROL, M. L., & DEBBIE D. D., (2011) Business Communication. 16th Edition,

Cengage Learning.

2. ROBBINS, S. P., & DAVID, A. DECENZO (2009) Fundamentals of Management:

Essential Concepts and Applications. 6th edition, Pearson Education.

3. MARY, E. G., (2010) Essentials of Business Communication. Cengage Learning:

New Delhi.

4. MARY, M. & LYNN, H., (2013) Guide to Managerial Communication. 10th edition,

Prentice Hall.

Websites

1. http://www.managementstudyguide.com/business_communication.htm
2. http://hbswk.hbs.edu/topics/communication.html
3. http://www.kellogg.northwestern.edu/

29
 PG21T2105 - HUMAN RESOURCE MANAGEMENT

Objective: 72 Hrs

This course imparts the basics of planning for human resources and emphasizes
the need for management development, training and adequate compensation.

Unit I: Introduction of Human Resource Management 12 Hrs

Introduction: Definition- Importance- Line and Staff Aspects- New Approaches to

Organize HR- Moving from Line Manager to HR Manager. Strategic HRM- Human

Resource Strategies & Policies. Ethics & Fair Treatment at Work- Measures to curt

Corruption.

Unit II: Recruitment and Training 18 Hrs

Job Analysis- Human Resource Planning and recruiting-Internal sources of

Candidates- Using Internal Sources - Finding Internal Candidates- Rehiring-

Succession Planning, Outside Sources of Candidates- Temp Agencies- Offshoring and

Outsourcing Jobs- Executive Recruiters- On- Demand Recruiting services- College

Recruiting- Referrals & Walk-ins- Telecommuters- Recruiting Source Use and

Effectiveness. Employee Testing and Selection- Interviewing Candidates- Training

and Developing Employees.

Unit III: Performance Appraisal and Compensation 12 Hrs

Performance Management and Appraisal- Coaching, Careers and Talent

Management- Establishing Strategic pay plans- Pay for Performance and Financial

Incentives- Benefits and services.

30
Unit IV: Labour Legislation & Employee Relations in India 18 Hrs

Labour Legislation in India- Constitution of India and Labour Legislation- Labour

Jurisdiction of Central and State Governments- Laws Related to Industrial

Relationships- Laws Related to Wages- Working Hours, Conditions of Service and

Employment- Equality and Empowerment of Women- Social Security- Guidelines for

Handling Sexual Harassment Complaints- Special Economic Zone and Labour Laws-

Application of Labour laws to the IT/ITES. Labour Relations & Collective Bargaining-

Employee Safety and Health.

Unit V: Cultural Diversity and Multicultural Teamwork 12 Hrs

Cultural Anthropology and International Business: Nature of Culture, Cultural

Predispositions, Cultural Dimensions- Hofstede’s and Trompenaars’ Framework,

Managing and Motivating across Cultures, Leadership across Cultures,

Communicating across Cultures- Influence of Culture and Language. Multicultural

Teams- Work Values.

Text Book

1. DRESSLER, G., & VARKEY, B., (2011) Human Resource Management. 12th
Edition. Pearson Education.

References

1. IVANCEVICH, (2009) Human Resource Management. Tata McGraw Hill: New

Delhi.

2. RAO, V. S. P., (2009) Human Resource Management: Text and Cases. Excel

Books: New Delhi.

31
 3. ASWATHAPPA, K., (2009) Human Resource Management: Text and Cases.

Tata McGraw Hill: New Delhi.

4. ASWATHAPPA, K. & DASH, S., (2009) International Human Resource

Management: Text and Cases. Tata McGraw Hill.

5. RAYMOND, A. N. et al (2012) Fundamentals of Human Resource Management.

3rd Edition, Tata McGraw- Hill: New Delhi.

6. JEAN, M. P., & STANLEY, M. G., (2010) Strategic Staffing. Pearson Education.

Websites:

1. http://www.shrm.org
2. http://www.paycheck.in
3. http://labour.nic.in
4. http://www.emeraldinsight.com/journal/ccm
5. www.ilo.org/
6. https://en.wikipedia.org/wiki/Trade_unions_in_India

32
 PG21T2106 - MARKETING MANAGEMENT

Objectives: 72 Hrs
To orient the students towards the significance of marketing tools and market
research in order to sustain in a challenging and competitive business environment.

Unit I: Introduction to Marketing 15 Hrs

An Overview of Marketing-Strategic Planning for Competitive Advantage-Marketing

Mix-Ethics and Social Responsibility-The Marketing Environment-Developing -

Business Marketing-Segmenting and Targeting Markets-Decision Support System-

Marketing Research-Market Decision Support System-The Role of Marketing

Research-Steps in Marketing Research-Secondary Data-Market Research

Aggregators-Planning the Research design-Specifying the Sampling Procedures-

Impact of Internet on Market Research-Scanner Based Research.

Unit II: Product and Promotion Decisions 15 Hrs

Product Concepts-Meaning-Types of Consumer Products-Product Items, Lines and

Mixes-Branding-Packaging-Global Issues in Branding and Packaging-Product

Warranties-Developing and Managing Products-Importance of New Products-The New

Product Development Process-Global Issues in New Product Development-The

Spread of New Products-Product Life cycles- The role of Promotion in the Marketing

Mix- The Goals and Tasks of Promotion- Advertising and Public Relations-Sales

Promotion and Personal Selling.

Unit III: Services Marketing 12 Hrs

The Importance of Services-How Services differ from goods –Intangibility-

Inseparability-Heterogeneity-Perishability-Service Quality-The Gap Model of Service

33
Quality-Marketing Mixes for services-Services Strategy-Place (Distribution) Strategy

–Promotion Strategy-Price Strategy-Relationship Marketing in Services-Internal

Marketing in Service firms-Global Issues in Services Marketing-Non-profit

Organization Marketing.

Unit IV: Distribution Decisions 15 Hrs

Marketing Channels-Channel Intermediaries and their Functions-Channel Structures-

Making Channel Strategy Decisions-Types of Channel Relationship-Managing Channel

Relationships-Channels and Distribution Decisions for Global Markets-Channels and

Distribution Decisions for Services –Supply Chain Management-Retailing.

Unit V: Pricing Decisions 15 Hrs

Pricing Concepts-The Importance of Price-Pricing Objectives-The Demand

Determinant of Price-The Power of Yield Management System-The Cost Determinant

of Price-Other Determinants of Price-Setting the Right Price-How to Set a Price on a

Product-The Legality and Ethics of Price Strategy-Tactics for Fine-Tuning the Base

Price-Product Line Pricing-Pricing during Difficult Economic Times.

Text Books

1. KOTLER, P., KELLER, KOSHY, JHA. Marketing Management: A South Asian

Perspective. 14th Edition, Pearson

2. LAMB, HAIR, SHARMA, MCDANIEL, Mktg. Cengage Learning

34
Reference Books

1. STANTON, ETZEL, & WALKER, Fundamentals of Marketing. Tata-McGraw Hill:

New Delhi.

2. SAXENA, R., Marketing Management. Tata-McGraw Hill: New Delhi.

3. MCCARTHY, E.J., Basic Marketing: A managerial approach. Irwin: New York.

4. KOTLER, P., Marketing Management, Analysis, Planning, Implementations

and Control. 12th Edition, Pearson Education.

5. STANTON, W. J., Fundamentals of Marketing. Mc-Graw Hill

6. KOTLER, P., & ARMSTRONG, G., Principles of Marketing. 11th Edition, Pearson

Education.

7. ETZEL, M.J., WALKER, B.J. & STANTON, W. J., Marketing Concept & Cases.

Special Indian Edition, 13th Edition, Tata Mc-Graw Hill.

8. MCCARTHY, & PERREAULT, Basic Marketing: A Global Marketing

Approach.15th Edition, Tata Mc-Graw Hill.

Websites

1. http://www.salesandmarketing.com/
2. http://abeuk.com/mm.php
3. http://ocw.mit.edu/courses/sloan-school-of-management/15-812-
marketing-management-fall-2002/

35
 SEMESTER – II

1. Quantitative Techniques for Business

2. Cost and Management Accounting
3. Management Information System
4. Maritime Business Environment
5. International Business
6. Export and Import Documentation

36
 PG21T2201 - QUANTITATIVE TECHNIQUES FOR BUSINESS

Objective: 72 Hrs
To train students in statistical methods and techniques of operations research, to
provide solutions for business problems in decision-making. It also imparts knowledge of
use of computer software such as Excel and SPSS to solve various quantitative problems.

Unit I: Introduction to Statistics 12 Hrs

Data and Data Sources- Descriptive statistics: Tabular and Graphical Presentations;

Numerical Measures: Measures of location, Measures of variability –Introduction to

probability: Conditional probability; Bayes’ Theorem- Discrete Probability

Distributions; Binomial probability distribution, Poisson probability distribution-

Continuous Probability Distribution; Normal probability distribution- Spread sheet and

statistical package

Unit II: Correlation & Regression, Time Series and Index Numbers 15 Hrs

Correlation: Significance of the study of correlation- Types of correlation- methods of

studying correlation- Karl Pearson’s coefficient of correlation- Probable error,

coefficient of determination- Rank correlation coefficient- Correlation versus

Regression. Regression Analysis: Uses and Regression Lines- Regression equations-

Standard error of estimate. Time series analysis: Utility and components-

measurement of trend. Index Numbers- Price Indexes- Quantity Indexes- Spread

sheet and statistical package.

Unit III: Sampling, Statistical Inference and Quality Control 15 Hrs

Introduction to sampling distributions- Simple Random sampling- Stratified random

sampling- cluster sampling- systematic sampling- convenience sampling- judgement

37
sampling- Interval Estimation- Determining the sample size- Population Proportion.

Hypothesis Tests: Developing Null and Alternative hypotheses- Type I and Type II

errors- Statistical inference about means and proportions with two populations-

Inferences about two population variances- Tests of goodness of fit and

independence- Experimental Design and Analysis of variance. Introduction to

statistical quality Control- Statistical process control- Acceptance sampling- Spread

sheet and statistical package.

Unit IV: Mathematical Models in Operations Research 15 Hrs

Meaning, Nature, Scope, Methodology, Applications and Techniques of OR- Linear

Programming- Assumptions- Formulation and Graphic Solution of LP- Simplex

method- Solution to Maximisation Problem- Solution to Minimisation Problem- Duality

and Sensitivity Analysis- Spread sheet and statistical package.

Unit V: Stochastic Models in Operations Research 15 Hrs

Queuing theory- Queuing Models- Network Analysis- Resource Analysis and

Allocation- PERT and CPM- Simulation models- Process of Simulation- Monte Carlo

Simulation- Simulation of an Inventory System- Simulation of Queuing System-

Advantages, disadvantages and applications of Simulation- Spread sheet and

statistical package.

Text Books

1. ANDERSON, D. R. et. al. (2014) Statistics for Business and Economics. 7th

Edition, Cengage Learning

2. GUPTA, S.P., (2014), Statistical Methods. Sultan Chand and Sons

38
 3. HILLIER, S. F., (2014) Introduction to Operations Research. McGraw-Hill

education

4. VOHRA, N.D., (2013) Quantitative Techniques in Management. 4th edition,

McGraw-Hill Education

Reference Books

1. BARRY, R., RALPH, M. S., & MICHAEL, E. H., (2005) Quantitative Analysis for

Management. Pearson Education

2. BHARDWAJ, R.S, (2008) Business Statistics. 2nd edition, Excel Books

3. CHARLES, A. G., & HUGH. J. W., (1985) Quantitative Methods for Business

Decisions. McGraw Hill

4. HILLIER, S. F., & GERALD, J. L., (2005) Introduction to Operations Research.

Tata McGraw-Hill

Websites

1. www.orsi.in
2. www.statstutor.ac.uk
3. www.statistics-help-for-students.com
4. www.purplemath.com
5. http://www.excel-easy.com/introduction/formulas-functions.html
6. http://www.spss-tutorials.com/basics/

39
 PG21T2202 - COST AND MANAGEMENT ACCOUNTING

Objective: 72 Hrs
This paper provides awareness to management students about techniques to be
adopted to make strategic decisions on optimum use of resources and cost control

Unit I: Introduction 12 Hrs.

Introduction: Cost Accounting - Concept of Cost Centres - Cost Units - Classification

of Cost – Overheads- Simple Cost Sheet – historical and estimated cost sheets. -

Tenders and quotations - Contract costing- Activity based costing (ABC).

Management Accounting: Meaning and Definition - Nature and Scope - Objectives

of Management Accounting - Importance and Limitations - Management Accounting

vs Cost Accounting.

Unit II: Marginal Costing and Break even analysis: 12 Hrs.

Marginal Costing and Cost-Volume-Profit (CVP) analysis: meaning, concept -

assumptions and practical applications of Break-even analysis – decisions regarding

sales mix - make or buy - limiting factor - export decision - plant merger - shut down

of a product line- Du Pont Analysis.

Unit III: Budgeting and Budgetary control 15 hrs

Budget and Budgetary Control: Meaning, - establishing a system of Budgetary Control

- Preparation of Sales - Production - Cash Budget - Fixed and Flexible budgets, Master

budget - Zero based budgeting (ZBB)-Performance budgeting

40
Unit IV: Analysis of Financial Statements 18 Hrs

Analysis and Interpretation of Financial Statements: Objects-importance-Types of

financial analysis - Comparative statements - Common size statements, Ratio

analysis - Preparation of Balance sheet using ratios

Fund flow analysis: Fund flow statement-Preparation-Cash flow statement-cash flow

analysis - Analysis of income statements of ports/shipping companies.

Unit V: Standard Costing and Variance Analysis 15 Hrs

Standard Costing and Variance Analysis: Meaning of Standard Cost- Relevance of

Standard Cost for Variance Analysis – Significance of Variance Analysis –

Computation of Standard Costs for Materials, Labour and Overhead Variances-

Comparison between Budgeting and Standard Costing – Variance reporting-

Responsibility Accounting – Meaning and Objects – types of Responsibility Centres-

Management Reporting

Text Books

1. MAHESHWARI, S. N., (2013) Cost and Management Accounting. 14th edition

2. JAIN, S. P. & NARANG, K. L. (2014) Cost and Management Accounting. 14th

Edition, Kalyani publishers: New Delhi.

3. TULSIAN, P.C. (2000) Practical Costing. Vikas Publications: New Delhi.

4. SAXENA, V.L. & VASHISHT (2014) Advanced Cost & Management Accounting-

Problems & Solutions. Prentice Hall of India.

41
Reference Books

1. MAHESHWARI, S. N. (2014) Principles of Management Accounting. Sultan

Chand & Sons.

2. MURTHY & GURUSAMY (2009) Management Accounting. Tata McGraw Hill:

New Delhi.

3. REDDY T. S & HARI PRASAD REDDY (2014) Cost & Management Accounting.

Margham Publications.

4. RAVI, M. K. (2011) Cost Accounting and Management Accounting: Text and

Cases. 5th Edition, Taxmann.

5. ARORA, N., (2012) Cost Accounting. Vikas Publications: New Delhi.

Website

1. http://www.icsi.edu/Webmodules/Publications/Company%20Accounts,%20C
ost%20and%20Management%20Accounting.pdf
2. https://www.cengagebrain.co.nz/content/9781408049044.pdf

42
 PG21T2203 - MANAGEMENT INFORMATION SYSTEM

Objective: 72 Hrs
To acquaint management students with various tools of information technology
to support data management in a business unit.

Unit I: Introduction to Information Technology 12 Hrs

Introduction- IT and management opportunities and challenges- IT agility-

Consumerisation- Competitive advantage-Strategic planning and models-

Information management & IT Architecture – IT Architecture & infrastructure, cloud

computing and services, Virtualization and Virtual Machines.

Unit II: Database Management 15 Hrs

Database Technology- Data warehouse- Data Mart Technologies- Data and Text

mining- Business Intelligence & Analytics, Digital and physical document

management. Networks, collaboration & sustainability: Business IT networks &

components, wireless network applications, communication technologies –

Sustainability and Ethical issues. Cyber security: cybercrimes, vulnerabilities and

threats- Fraud- Internal control- Business Control and Auditing.

Unit III: Digital, Mobile & Social Commerce 15 Hrs

E-Business & E-Commerce Models and Strategies – challenges and types- E-

Procurement- E-Government & public sector- Support services- Ethics and legal

issues. Mobile Computing Technology and Mobile Commerce- Transactions and

Financial services- Mobile Enterprise Application. Social Media: Virtual communities

and social networking services- social media- social networking services- social media

metrics.

43
Unit IV: Enterprise Systems & Analytics 15 Hrs

Functional Area & Compliance systems: Management levels and functional systems-

Enterprise Systems and applications: Enterprise systems, Enterprise Resource

Planning (ERP), Supply Chain Management (SCM), Collaborative Planning,

Forecasting, and Replenishment system (CPFR), Customer Relationship Management

(CRM). Performance Management: Data visualization, Mashups, and Mobile

intelligence, Fleet Management Information System.

UNIT V: Business Process and Project Management 15 Hrs

Business Process and Project Management: - Architecture & IT design, System

development, Software & Applications for management (Business software tools),

Support system. IT Ethics & Responsible conduct: - Responsible conduct, overload,

culture of distraction and New Tech revolution.

Text Book

1. EFRAIM TURBAN, LINDA VOLONINO & GREGORY. R. WOOD, Information

Technology for Management- Advancing Sustainable, Profitable Business

Growth. 9th Edition, Wiley.

2. JAMES A O’ BRAIN, (1999) Management Information Systems. Tata Mc Graw

Hill: New Delhi.

44
References Books

1. KENNETH C. L., JANE P. L., & RAJANISH DASS (2001) Management

Information System - Managing the Digital Firm. Pearson Education: New

Delhi.

2. RAVI, K., & ANDREW, B. W. Frontiers of Electronic Commerce. Pearson

Education: New Delhi.

3. KENNETH, C. L., & JANEP, L. (2001) Essentials of MIS. Prentice Hall India: New

Delhi.

4. SADAGOPAN, S. (2003) Management Information System. Prentice Hall India:

New Delhi.

5. EFF, O.Z. (2003) Management Information Systems. Vikas Publishing House

Pvt. Ltd.: New Delhi.

Websites
1. www.tutorialspoint.com/management-information-system
2. https://en.wikipedia.org/wiki/Management_information_system
3. www.studytonight.com/dbms/overview-of-dbms.php
4. www.mbaexamnotes.com/e-commerce-notes.html

45
 PG21T2204 - MARITIME BUSINESS ENVIRONMENT

Objective: 72 Hrs
This paper brings out the interrelationship between the socio economic
environment and legal premises in which the maritime business exists and governance of the
same through international conventions

Unit I: Maritime Environment 14 Hrs

Environment: Environmental system and economic system - Marine and Coastal

environment, Elements of conventions- Athens Convention- IMO conventions -

SOLAS – MARPOL-STCW- MMC- safety construction – fire protection & prevention –

safety equipment – radio communication – safety of navigation – ISM code - IMDG

code–prevention of operational pollution – oil cargo pollution – limitation of pollution

following an incident- Port State Control - Director General of Shipping regulations

and The Merchant Shipping (Amendment) Act, 2014.

Unit II: Law of Contract 13 Hrs

Law of Contract: nature of the contract- offer and acceptance, consideration, capacity

of contract, free consent, legality of object, agreements not declared void, contingent

contracts, Performance and discharge of contract, remedies for breach of contract-

quasi contras.

Unit III: Law of Agency and Bailment 15 Hrs

Law of Agency: definition of agent and principal, classification of agents – relationship

of Principal and Agent- duties and liabilities of principal –delegation of authority,

relations of principal with third parties and termination of agency.

46
Bailment: Definition, essential requisites of bailment, classification of bailment, rights

and duties of bailor and bailee, termination of bailment. Contract of indemnity and

guarantee- kinds of guarantee – rights of surety, discharge of surety.

Unit IV: Sale of Goods and Taxation 20 Hrs

Sale of goods: Formation of Contract – essentials, classification of goods , conditions

and warranties- express and implied conditions and warranties, transfer of property

– property, possession and risk, performance of contract- delivery of goods – rights

and duties of the buyer, rights of an unpaid seller- remedies for breach of contract of

sale – auction sales.

Tax on goods and Services: Central Excise – Customs Law – Basic concepts – types

of customs duties, Anti-Dumping duty, safeguard duty, Service Tax – nature of

service tax – service provider and service receiver, Central Sales Tax act and VAT

act.

Unit V: Carriage of Goods by Land, Sea and Air 10 Hrs

Carriage of goods by land: classification of carriers – types of goods, Carriage by rail:

responsibility of railway administration as carriers. Carriage by Sea: Contract of

affreightment - Charter Parties – kinds and form of charter parties –bill of lading –

kinds of bill of lading , Mate’ receipt- delivery of goods- ship owner’s lien.

Text Books

1. KAPOOR, N. D. Elements of Mercantile Law. Sultan Chand & Sons

2. INSTITUTE OF CHARTERED SHIPBROKERS (2014) Legal Principles in Shipping

Business.

47
3. SUSAN HODGES & CHRIS HILL, Principles of Maritime Law. LLOYDS.

Reference Books

1. PRABHAKARAN PALERI (2009) Marine Environment: Management and People's

Participation. KW Publishers Pvt. Ltd., and National Maritime Foundation: New

Delhi.

2. SANKAR, U. (2000) Environmental Economics. Oxford University Press: New

Delhi.

3. ANTHONY W. GALLAGHER. (2014) Maritime Environmental Management:

Principles and Practice. Routledge: London.

4. HANLEY, NICK, J. F. SHOGREN, & BEN WHITE (2013) Introduction to

Environmental Economics. Second Edition, Oxford University Press: London.

5. KARPAGAM, M. (1998) Environmental Economics. Sterling Publishers: New Delhi.

Websites
1. http://www.lloydsmaritimeacademy.com
2. http://www.maritimeindustries.org/Improving-the-Business-Environment
3. http://www.maritimeuk.org/2013/09/uk-developing-most-attractive-
environment-for-business-mcloughlin/

48
 PG21T2205 - INTERNATIONAL BUSINESS

Objective: 72 Hrs

This paper familiarises the students with international trade practices and
institutions; and the recent developments in international trade and policy.

Unit I: International Business 15 Hrs

World Business: a brief overview- Globalisation and Strategic Management.

Multinational Enterprises (MNEs)- Nature of MNEs- Strategic management and MNEs-

Framework for global strategies. Triad and International Business- Reasons for

Foreign Direct Investment (FDI)- FDI and trade by triad members- Regional business

strategy of multinationals.

Unit II: Environment of International Business 15 Hrs

International Politics-Political ideologies and economics- Economic integration and

strategic management- Importance of culture in different business contexts- Theories

of international trade- Theory of absolute advantage- Theory of comparative

advantage- Factor endowment theory- International product life cycle theory-

Barriers to trade- Non Tariff barriers to trade- Determination of the exchange rate-

Foreign money and capital markets- Regional money and capital markets.

Unit III: International Business Strategies 15 Hrs

Introduction to multinational strategy- Strategic orientations- strategy formulation-

strategy implementation- Strategic management and organizing strategy- Production

strategy- Generation of goods and services- international logistics- global production

systems- International market assessment and Marketing strategy. International

Human Resource Management and Labour relations- International Operations

49
Management- International Financial Management- International Accounting and

Taxation.

Unit IV: Economic Integration, Cooperation and International Economic

Organisations 15 Hrs

Economic Integration and Regional Integration Agreements (RIA): European Union

(EU)- North American Free Trade Agreement (NAFTA)- Economic integration of

developing countries- Association of South East Asian Countries (ASEAN)- Asean Free

Trade Area (AFTA)- Evaluation of RIAs- Role of WTO. South-South Cooperation:

Problems Facing the South- Economic Cooperation among Developing Countries

(ECDC)- Global System of Trade Preferences (GSTP)- South Asian Association for

Regional Cooperation (SAARC)- South Asian Preferential Trade Agreement (SAPTA)-

Indo-Lanka Free Trade Agreement- Indo-Singapore Comprehensive Economic

Cooperation among Developing Countries (CECA)- IMF- World Bank- International

Development Association (IDA)- International Finance Cooperation (IFC)- Asian

Development Bank (ADB)- United Nations Conference on Trade and Development

(UNCTAD)- United Nations Industrial Organisation (UNIDO)- WTO- GATT- Uruguay

Round- WTO Agreements- Salient Features of UR Agreements- Intellectual Property

Rights (IPRs) and Developing countries.

Unit V: Trade Policy and Performance of India 12 Hrs

Trade Regulation and Promotion: External Sector Reforms- Regulation and Promotion

of Foreign Trade- Foreign Trade Policy- Export Promotion- Import Substitution. Trade

and Balance of Payment (BoP) of India: An overview of merchandise trade- Foreign

50
trade through plans- Determinants of Exports and Imports- Major problems of India’s

export sector.

Text Books

1. RUGMAN, ALAN, M. & SIMON COLLINSON, International Business. 5th Edition,

Prentice Hall

2. MAHONEY, TRIGG, GRIFFIN & PUSTAY, International Business: A Managerial

Perspective. 2nd Edition, Prentice hall

3. CHERUNILAM, FRANCIS, International Business: Text and Cases. PHI

Learning: New Delhi

Reference Books

1. KRUGMAN PAUL R., MAURICE OBSTFELD, & MARC MELITZ (2011)

International Economics: Theory & Policy. 9th Edition, Addison-Wesley: New

York.

2. RICHARD D. WAYS, CHRISTOPHER M. KORTH & MANUCHAR ROUDIANI,

International Business. Prentice Hall: New Delhi.

3. ROBERT, J. CARBAUGH, International Economics. 11th Edition, Cengage

Learning Publishers.

4. SALVATORE, DOMINICK, International Economics. 10th edition, Wiley

Websites

1. www.wto.org
2. www.imf.org
3. www.worldbank.org
4. www.unctad.org

51
 PG21T2206 - EXPORT AND IMPORT DOCUMENTATION

Objective: 72 Hrs

To provide the students with an adequate knowledge onformalities for export

trade, and the documentation process required for import and export.

Unit I: Introduction to Export and Import 12 Hrs

Basics of Exports - Classification of goods - Preparation for Exports - Methods of

Exporting - Export Marketing Organizations - Functions - Registration formalities -

IEC Number - Procedure of obtaining IEC Number - RCMC (Registration Cum

Membership Certificate) –Export Credit Guarantee Council (ECGC) - Application for

import and export of restricted items.

Unit II: Documentation Framework and Contracts 15 Hrs

Aligned Documentation System: Commercial Documents - Auxiliary Commercial

Documents - Regulatory Documents - Documents related to goods - Documents

related to Shipment - Documents related to Payments - Documents related to

Inspection - Documents related to Excisable Goods - Types of Contracts - Export

Contracts.

Unit III: Payments and Finance 15 Hrs

Factors - Methods of receiving Payment - Instruments of Payments-Letter of Credit-

Pre-shipment Finance - Post-shipment Finance - Post-shipment Credit in Foreign

Currency - Negotiation of documents with bank - CENVAT - Duty Draw back

52
Unit IV: Quality Control and Clearance of Cargo 15Hrs

Objective of Quality Control - Methods - Procedure for Pre-shipment Inspection - Role

of Clearing and Forwarding Agents – Role of Inspection Agents-Clearance of Cargo -

Central Excise Clearance Procedure - Central Excise Clearance Option - Shipment of

Export Cargo.

Unit V: Customs Clearance, Risk and Insurance Policy 15 Hrs

Customs Clearance of Export Cargo - Customs Clearance of Import Cargo - Risk:

Types - Types of cover issued by ECGC - Cargo Insurance. Processing of an export

order - Major laws governing export contract.

Text Books

1. RAMA, GOPAL C. (2008) Export Import Procedures Documentation and

Logistics. New Age International Publishers: New Delhi.

2. KHUSHPAT, S. J. (2013) Export Import Procedures and Documentation.

Himalaya Publishing House: New Delhi.

Reference Books

1. JOHNSON, THOMAS. E. (1994) Export Import Procedures and

Documentation. Amacom.

2. PAWAN, KUMAR (2001) Export of India’s Major Products Problems and

Prospects. New Century Publications: New Delhi.

3. KAPOOR, D. C. (2002) Export Management. Vikas Publications: New Delhi.

53
 4. CHERUNILAM, F. (2004) International Trade and Export Management.

Himalaya Publications: New Delhi.

Websites

1. www.cbec.gov.in/customs/cs-act/cs-act-idx.htm (Central Board of Excise

and Customs - Customs Act, 1962, Customs Tariff Act – 1975, Other Acts)
2. www.epckenya.org/ (Export Promotion Council)
3. commerce.nic.in/MOC/index.asp (Ministry of Commerce and Industry)
4. www.dgft.gov.in/ (Directorate General of Foreign Trade - Foreign Trade
Policy)
5. www.traffic.org/ ( Wild Life Trade Monitoring Network)

54
 SEMESTER – III

1. Logistics and Supply Chain Management

2. Elements of Port Management
3. Elements of Shipping Management
4. Containerisation and Multimodal Transport
5. Warehouse & Inventory Management
6. Geography of Transport Systems

55
 PG21T2301 - LOGISTICS AND SUPPLY CHAIN MANAGEMENT

Objective: 72 Hrs
To introduce students to vital logistics functions comprising distribution,
transportation, material handling and storage system and to give them an understanding of
basic logistics principles to ensure competitive advantage in the industry.

Unit I: Introduction 10 Hrs

Introduction to Logistics-Logistics and Competitive Strategy-Competitive advantage-

Gaining competitive advantage through logistics-The mission of logistics

management-The Supply chain and competitive performance-The changing logistics

environment.

Unit II: Customer Service and Measuring performance 16 Hrs

The marketing and logistics interface-Customer service-Customer service and

customer retention-Service-driven logistics system-Setting customer service

priorities-Setting service standards-The concept of total cost analysis-Principles of

logistics costing-logistics and the bottom line-Logistics and shareholder value-

Customer profitability analysis-Direct product profitability-Cost drivers and activity

based costing.

Unit III: Benchmarking and Managing the Supply chain 16 Hrs

Meaning of benchmarking-Benchmarking the logistics process-Mapping supply chain

process-Supplier and distributor benchmarking-Setting benchmarking priorities-

Identifying logistics performance indicators-Managing the Global Pipeline-The trend

towards globalization in the supply chain-The challenge of global logistics-

Organization for Global logistics-The future.

56
Unit IV: Strategic Lead-Time and JIT Management 15 Hrs

Time based competition-The concept of lead time-Logistics pipeline management-

logistics value engineering-The lead time gap-Just In Time (JIT) and quicker response

logistics-The Japanese philosophy-Implications for logistics-Quick response logistics-

vendor managed inventory-Logistics information system-Logistics system dynamics-

Production strategies for quick response.

Unit V: Managing the Supply Chain 15 Hrs

Creating the logistics vision-The problems with conventional organizations-

Developing the logistics organization-Logistics as the vehicle for change-The need for

integration-Managing the supply chain as a network-Process integration and ECR-Co-

makership and logistics partnerships-supplier development-Leading edge logistics.

Text Books

1. MARTIN, CHRISTOPHER, Logistics and Supply Chain Management. 2nd edition.

Pearson: New Delhi.

2. AGRAWAL, D. K. (2003) Textbook of Logistics and Supply Chain Management.

MacMillan: New Delhi.

Reference Books

1. LAMBERT, D.M., STOCK J.R. & LISA M. ELLRAM (1998) Fundamentals of

Logistics Management. Irwin-McGraw-Hill: UK.

57
 2. ALAN RUSHTON, PHIL CROUCHER & PETER BAKER. (2012) The Handbook of

Logistics and Distribution Management. Kogan Page Limited: UK.

3. KHALID BICHOU, MICHAEL GH BELL & ANDREW EVANS (2007) Risk

Management in Port Operations. Logistics and Supply Chain Management.

Informa: London.

Websites

1. www.inboundlogistics.com/cms/digital/
2. www.cargotalk.in/
3. http://fiata.com/ ( Federation of Freight Forwarders Association)
4. www.fonasba.com/ (Federation of National Association of Ship Broking and
Chartering)
5. www.iata.org/ (International Air Transport Association)

58
 PG21T2302 - ELEMENTS OF PORT MANAGEMENT

Objective: 72 Hrs.
To familiarize the fundamental functions, operations, ownership and
management structure of the ports and terminals.

Unit - I: Port Structure and Functions 15 Hrs.

Definition - Types and Layout of the Ports – Organisational structure-Fundamental

observations. Main functions and features of ports: Infrastructure and connectivity -

Administrative functions - Operational functions. Main services: Services and facilities

for ships - Administrative formalities - Cargo transfer - Services and facilities for

cargo - Additional “added value” service- Ports and their stakeholders like PHO,

Immigration, Ship agents, Stevedores, CHA.

Unit - II: Port Operations 15 Hrs.

Berths and Terminals - Berth Facilities and Equipment - ship Operation - Pre-

shipment planning, the stowage plan and on-board stowage - cargo positioning and

stowage on the terminal - Developments in cargo/container handling and terminal

operation - Safety of cargo operations - Cargo security: Measuring and evaluating

performance and productivity.

Unit - III: Port Development 10 Hrs.

Phases of port development - Growth in word trade - Changes in growth -

Development in terminal operation. Shipping technology and port: Ship knowledge -

Ship development and port development - Port time and ship speed - Other technical

development affecting port.

59
Unit - IV: Regulatory Framework for Ports 15 Hrs.

Global regulatory organisations: Conventions and Reports. Environment regulation:

Port environmental pollution - Environmental Management System - HAZMAT

(Hazardous Materials) - BWM (Ballast Water Management). Port Security: ISM, ISPS,

Occupation Safety and Health Administration - ISO1400.

Unit - V: Port Administration Ownership and Management 17 Hrs.

Port ownership structure- Types of port ownership and administration - Organizations

concerning ports - Boards governing the ports - Port management development -

Rise and fall of Ports - information technology in ports. Port ownership in Indian

context: Acts governing the Ports in India - Port ownership structure in India. Port

reform: Framework for port reform - Evolution of ports in a competitive world -

Alternative Port Management Structure and Ownership Models.

Text Book

1. PATRICK M.ALDERTON. 2008, Port Management and Operations. Informa Law

Category, U.K.

Reference Books

1. WORLD BANK. 2007, Port Reform Tool Kit. World Bank, Washington.

2. MARIA G.BURNS. 2014., Port Management and Operations. CRS Press, U.K.

3. ALAN E.BRANCH. 2008, Elements of Shipping. Chapman and Hall, Fairplay

Publications, U.K.

60
 4. DE MONIE. 1989., Measuring and Evaluating Port Performance and Productivity.

UNCTAD, New York.

5. UNCTAD. 1985., Port Development: A Hand Book for Planners in Developing

Countries. UNCTAD, Geneva.

6. ICS .2011/12.Port and Terminal Management. London, UK.

Websites
1. http://shipping.nic.in/ (Ministry of Shipping, Govt. of India)
2. http://ipa.nic.in/ (Indian Port Association)
3. www.ippta.org.in (Indian Private Ports and Terminals Association)
4. http://www.porttechnology.org/technical_papers/list (Port Technology)
5. https://www.scctportsaid.com (Suez Canal Container Terminal)
6. https://www.singaporepsa.com (PSA Singapore Terminals)
7. unctad.org/en/PublicationsLibrary/dtlktcd2013d1_en.pdf (Port Management
Case Studies - UNCTAD)

61
 PG21T2303 - ELEMENTS OF SHIPPING MANAGEMENT

Objectives: 72 Hrs.
To make the students understand the commercial, operational and technical
components of ship management.

Unit - I: Functions of Shipping 10 Hrs.

Ship: Types of ships - Principal dimensions - Ship’s tonnages (GT, NT, DWT) - Cargo

carrying capacity. Ship owners, operators and managers: Ship manager - Structure

of ship owning and management organizations - Ship's personal - Agents.

Unit - II: Ship Registration, Classification and Insurance 17 Hrs.

Registration - Types of registries - Flag - Classification - Port State Control -

Inspections - Surveys - Conditions of survey and inspections - Other surveys.

Insurance: Hull and machinery insurance - General average - Salvage - Third party

recoveries - Claims and handling - Protection and indemnity.

Unit - III: Operations and Voyage Estimation 15Hrs.

Cost and accounting: Ship management cost function - Budget preparation - Account

processing and reporting. Operations: Voyage planning - Hires and freight -

Commissions - Commercial operations. Voyage Estimation: Length of the voyage -

Commencing the voyage estimates - tankers - Time charter - Practical calculations -

Voyage estimates. Bunkering.

Unit - IV: Cargo and Geographic Factors 15 Hrs.

Dry cargoes - Non-bulk dry cargoes - Stowage factors - Dangerous cargo and IMDG

Code - Bills of lading and cargo claims - Liquid cargoes - Tank cleaning - Petroleum

62
products - Chemicals - Liquid gas carriers - Ullage, deadfreight and slack tanks -

Geography and metrology - Routing services - Load lines.

Unit - V: Crew Management and Ship Manager’s Legal Relations 15 Hrs.

Crew management: Recruitment, training and placement of officers and crew on

board - Marine crew travel - Compliance of ISPS code - Knowledge management on

board and on shore. Ship manager’s legal relations: Management contracts - Legal

problems - Arrest in Rem - Freezing orders - Freight and hire payments - Dealing

with Port Agents and Chartering Brokers.

Text Book
1. ICS .2011/12, Ship Operations and Management. London, UK.

Reference Books

1. JOHN. W. DICKE. 2014, Reeds 21st Century Ship Management. Bloomsbury

Publishing, U.K.

2. LUNY.H.V., LAI K.-H., CHENG T.C.E. CHENG. 2010, Shipping and Logistics
Management.” Springer, U.K.

3. PROSHANTO K.MUKHERJEE, MARK BROWNRIGG (2013), Farthing on International

Shipping.4th edition, Springer.

63
Websites
1. www.consulting.xerox.com/case-studies/...shipping-co/enus.html
(International Shipping Company Case Study)
2. www.sugarcrm.com/industry/shipping-and-transport/case-study(CRM
Shipping and Transport Case Studies)
3. http://businesscasestudies.co.uk (Shipping Sector - Case Studies)
4. www.tcs.com › Home › Resources › Case Studies (TCS Resources: Case Study
Leading Indian Shipping)
5. http://www.sbaglobal.com (SBA Global Logistics Services - Case Studies)
6. www.ellenmacarthurfoundation.org/case_studies/maersk (Maersk Line - Case
Studies)
7. http://www.imo.org/en/KnowledgeCentre/Pages/Default.aspx(Maritime
Knowledge Centre - International Maritime University)

64
 PG21T2304 - CONTAINERISATION AND MULTIMODAL TRANSPORT

Objective: 72 Hrs.
This subject is tailored to deliver theoretical and practical knowledge in handling
methods, transportation modes and various conventions pertaining to carriage of cargo.
Containerisation is taught in the perspective of growing importance of transportation in world
trade.

Unit I: Basic Concepts of Containersation 12 Hrs.

Meaning - Major Container Trades - Container Operators - Container Ships - Terminal

- Consideration of Container Terminal Planning - Container Distribution - Container

types - ISO Container Dimension by types - Non- Containerisable cargo - Features of

Containerization - Equipment for non-containerisable cargo.

Unit II: Cargoes 15 Hrs.

International Trade Distribution - Stowage: Meaning - Stowage of cargo - Factor

Consideration - Types of cargo - Characteristics - Cargo and Container handling

equipment - Types of Packing- Marking of cargo - Dangerous Cargo - IMDG Code –

Classes.

Unit III: Multi-Modalism 15 Hrs.

Multi-modal Trade Routes - Evolution - Basic Intermodal System - Modal Interface -

Factors outline why shipper favour Multi-modalism - Factors in Development -

Features -Multi-Modalism Strategy – Components.

Unit IV: Physical Multimodal Operations 15 Hrs.

Liners - Tramps - Specialized Vessels - Terms - Road transport vehicle - Road

Transport Weight and Measurement - Rail Transport Vehicle and Equipment - Air

65
Transport - Ports - LCL - FCL - NVOCC - Freight forwarders - Consolidator - ICD -

CFS- Free Trade Area - SEZ - Factors affecting mode and route choice.

Unit V: Conventions Relating to Multimodal Transport 15 Hrs.

Cargo Liability Convention: International Conventions relating to Bill of Lading (The

Hague and Hague/Visby Rules (Appendix 8) - Hamburg Rule - Convention relating to

Through Transport operation by Land, Rail, Air - Conventions relation to Dangerous

Cargo - Carriage of Perishable Goods - International Convention for safe containers

1972 (CSC).

Text Books

1. ALAN E BRANCH & MICHAEL ROBARTS (2014) Branch’s Elements of Shipping.

9th Edition, Routledge Publication.

2. CLAUS, HYLDAGER (2013) Logistics and Multi-modal Transport. 2013 Edition,

Institute of Charted Shipbrokers.

Reference Books

1. HARIHARAN, K. V. (2002) A Text Book on Containerization and Multimodal

Transport. Shroff Publishers and Distributors: New Delhi.

2. HARIHARAN, K. V. (2002) Containerisation, Multimodal Transport and

Infrastructure Development in India. 5th edition, Shroff Publishers and

Distributors Pvt. Ltd.

66
Websites

1. www.eximin.net/ (Export Import News)

2. www.traffic.org/ (Wild Life Trade Monitoring Network)
3. www.agrofair.nl/site/
4. http://careers.alliance.co.nz/Home.jasc
5. www.hawkesbayfruit2u.co.nz/Products.php
6. www.maersklinereefer.com/customer-stories/

67
 PG21T2305 - SHIPPING ECONOMICS

Objective: 72 Hrs
To impart know-how on the economics of Sea Transport and allocation of scarce
resources amongst competing uses. Cost and Revenues of shipping companies are also
discussed.

Unit I: Introduction to Shipping Economics 10 Hrs

Introduction to Shipping Economics-Sea Transport and the Global Economy-The role

of sea trade in economic development-History of maritime development- The

organization of the Shipping Market.

Unit II: Shipping Market Cycles 15 Hrs

Meaning and Characteristics of Shipping Market Cycle - Shipping cycles and shipping

risk-Overview of shipping cycles-Sailing shipping cycles-Tramp market cycles-Bulk

shipping market cycles- Lessons from two centuries of Cycles – Prediction of shipping

cycles.

Unit III: Supply, Demand, Freight Rates and Shipping Markets 15 Hrs

Supply, demand and Freight rates-The shipping Market Model-Key influences on

supply and demand, the demand for sea Transport-The freight rate mechanism- The

decisions facing ship-owners-The Four shipping markets-The freight market-The

freight derivatives market-The sale and purchase market-The new building market-

The demolition market.

Unit IV: Costs, Revenue and Cash Flow of Shipping Companies 15 Hrs

Cash flow and the art of survival of shipping company-the impact of financial

pressures on ship owners’ decisions-Financial performance and investment strategy,

68
Classification of costs - cost of running ships- capital cost of the ship-Classification of

revenue -Shipping accounts-methods of computing cash flow-valuing merchant ships

Unit V: Financing Ships, Shipping Companies –Risk and Returns 17 Hrs

Financing Ships and Shipping Companies-Shipping Finance and Shipping Economics-

Ship Finance in the pre-steam era-The World Financial system and types of finance-

Financing ships with private funds-Financing ships with bank loans-Financing ships

and shipping companies in the capital market-Financing ships with special purpose

companies-Analysing risk in ship finance-Dealing with default-Risk, Return and

Shipping Company Economics.

Text Book:

1. STOPFORD, M. (2009) Maritime Economics. New York.

Reference Books

1. KEVIN CULLINANE (2011) International Handbook of Maritime Economics.

Edward Elgar Publishing.

2. WAYNE K. TALLEY (2012) The Blackwell Companion to Maritime Economics.

Wiley-Blackwell: U.K.

69
Websites
1. www.worldofshipping.org (Maritime Transport Journal)
2. http://www.libramar.net (Maritime Downloads - Free Maritime Library)
3. https://ideas.repec.org (Articles from reputed Journals)
4. http://unctad.org/en/pages/publications/Review-of-Maritime-Transport-
(Series).aspx (UNCTAD - Maritime Transport Series)
5. www.porteconomics.eu (Articles from reputed Journals)
6. www.foremansbuildings.co.uk/maritime-transport-details.html (Maritime
Transport Case Studies - Foremans)
7. http://www.transportstrategygroup.com (Transport Strategy Group - Case
Studies of Maritime Transport)

70
 PG21T2306 - SEABORNE TRADE AND MERCHANT FLEET

Objective: 72 Hrs
To provide the students a comprehensive understanding of the principles of
maritime trade, the dynamics of cargo transport and the pertinent maritime regulations

Unit I: Basic Concepts and the Geography of Maritime Trade 12 Hrs

Basic concepts of seaborne trade-Geography of Maritime Trade-Value added by

seaborne transport-Oceans, distances and transit times- Maritime trading network-

Europe’s sea borne trade-North America’s sea borne trade-South America’s sea borne

trade-Asia’s sea borne trade-Africa’s sea borne trade- Sea borne trade of the Middle

east, Central Asia, Russia, Australia and Oceania.

Unit II: The Principles of Maritime Trade 15 Hrs

The Principles of Maritime Trade- building blocks of sea trade- countries that trade

by sea-Trade theory and drivers of trade-Difference in production costs-Trade due to

differences in natural resources-Commodity trade cycles-Role of sea transport in

trade- Transport of Bulk Cargoes-commercial origins of bulk shipping-the bulk fleet-

bulk trades-The principles of bulk transport –Liquid bulk transport-crude oil and oil

products trade-Major dry bulk trades- minor bulk trades.

Unit III: Transport of Specialized and General Cargoes 15 Hrs

Transport of specialized and general cargo –Meaning- Sea transport of chemicals –

LPG trade- LNG trade-Transport of refrigerated cargo-Unit load cargo transport-

Passenger shipping-Transport of General cargo-Meaning-origins of the liner service-

Economic principles of liner operation-General cargo and liner transport demand-

Liner shipping routes-liner companies-liner fleet-principles of liner service economics-

71
Pricing liner services-Liner conferences and co-operative agreements-Container ports

and terminals.

Unit IV: The Ship Providing Transport-the Design 12 Hrs

The Ship that provides transport –derived demand for ships-Seven questions that

define a design-Ships for general cargo trades-Ships for the dry bulk trades-Ships for

liquid bulk cargoes-Gas tankers-Non-cargo ships-Economic criteria for evaluating

ship designs.

Unit V: Economics of Shipbuilding & Ship Breaking 18 Hrs

The role of merchant shipbuilding and scrapping industries- Regional structure of

world shipbuilding- Shipbuilding market cycles-economic principles-shipbuilding

production process-Shipbuilding costs and competitiveness-ship recycling industry-

Regulation of the Maritime Industry-How regulations affect maritime economics-

Overview of the regulatory system-Classification societies-The law of the sea-The

regulatory role of the flag state-How maritime laws are made-IMO-ILO-regulatory

role of coastal and port states-regulation of competition in shipping.

Text Book

1. STOPFORD, M. (2009) Maritime Economics. New York.

Reference Books

1. KEVIN CULLINANE (2011) International Handbook of Maritime Economics.

Edward Elgar Publishing.

72
 2. WAYNE K. TALLEY (2012) The Blackwell Companion to Maritime Economics.

Wiley-Blackwell: U.K.

3. ICS (2014) Introduction to Shipping.

Websites
1. www.worldofshipping.org (Maritime Transport Journal)
2. http://www.libramar.net (Maritime Downloads - Free Maritime Library)
3. https://ideas.repec.org (Articles from reputed Journals)
4. http://unctad.org/en/pages/publications/Review-of-Maritime-Transport-
(Series).aspx (UNCTAD - Maritime Transport Series)
5. www.porteconomics.eu (Articles from reputed Journals)
6. www.foremansbuildings.co.uk/maritime-transport-details.html (Maritime
Transport Case Studies - Foremans)
7. http://www.transportstrategygroup.com (Transport Strategy Group - Case
Studies of Maritime Transport

73
 SEMESTER – IV

1. Port Economics
2. Shipping Finance and Insurance
3. Chartering and Ship Broking
4. Public Private Partnership and Port Development

74
 PG21T2401 - PORT ECONOMICS

Objective: 72 Hrs.
This paper focusses on the economics of Port operations interface the decisions
made by Port users and Providers of port services.

Unit I: Introduction 12 Hrs

Introduction to Port economics –Theory of Port-Vessel port calls: networks- Vessel

port calls: world country and vessel type-Ports and Economic development-

Containerization –world container ports-Port users’ and service providers-Users:

Carriers-Users: Shippers and passengers-Service providers-Port in operation-A

Container port-A Cruise port-Specific ports in operation.

Unit II: Carriers, Shippers, Passengers 15 Hrs

Resources-Operating options-Output- cost-Pricing-Carrier demand in port-Ports and

ship size-Port choice and shipping lines-Shippers-Business logistics management-

Supply chain management-Shipper demand in port-Port choice and shippers-Port

choice and supply chains-Supply chain shipping capacity-Passengers-Passenger time

prices-Transportation demand by ferry passengers-Transportation choice and ferry

passengers-Passenger demand in port-Port choice and passengers.

Unit III: Port Operating Options, Costs and Prices 15 Hrs

Operating options-Resource utilization and congestion-Production and capacity-Cost-

Costing port throughput-Port output measures-Effectiveness- operating objectives-

Port prices-Port taxes versus User fees.

75
Unit IV: Port Governance and Performance 15 Hrs.

Port Governance-Port privatization-Port governance in practice-Agglomeration-Port

and cities-Performance evaluation: A single port perspective-Performance

evaluation: A multi-port perspective-Port Competition- Water pollution-Air pollution.

Unit V: Port Investment, Finance and Pricing 15 Hrs.

Financial Statements and Ratio measures-Port Costs and costing-Types of Port Costs-

Logistics costing-Analysis of Port costs from the perspective of Users-Economic

versus commercial appraisal of port investments-Economic Appraisal-Commercial

Appraisal of Port Investments-Project Risks and Risk Analysis-Port Financing and

Private sector participation-Economic benefits of private sector participation-Public-

Private Partnership-Port Pricing-Port Pricing Strategies-Port Pricing practices.

Text Books

1. WAYNE K. TALLEY (2009) Port Economics. Routledge: New York

2. KHALID BICHOU (2009) Port Operations, Planning and Logistics. Lloyd’s

Practical Shipping Guides

Reference Books

1. JAN OWEN JANSSON & DAN SHNEERSON (1982) Transportation Series. MIT

Press, USA.

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 2. CULLINANE, K & TALLEY, W.K (2006) Port Economics. Elsevier: Amsterdam.

3. WAYNE K. TALLEY (2012) The Blackwell Companion to Maritime Economics.

Wiley-Blackwell: U.K.

4. UNCTAD (1995) UNCTAD Monographs on Port Management: Marketing

Promotion Tools for Ports. United Nations, New York.

Websites

1. www.porteconomics.eu/publications/journal-paper(Port Economics)
2. Peelports.com/case-studies (Case Studies - Peel Ports)
3. www.bmtindia.org/case-study/ (Case Studies - BMT Consultants India's Port
And Terminal Project Experience)
4. www.northsouthgis.com/our-markets/sea-ports/port-case-studies (Port Case
Studies - NorthSouth GIS)
5. http://www.hyster.com/pacific/en-au/solutions/application-case-studies/ports-
and-terminals-port-melbourne-containers/ (Hyster Pacific - Ports & Terminals
Case Studies)
6. www.unescap.org/resources/ppp-case-studies(PPP Case Studies - United
Nations ESCAP)
7. toolkit.pppinindia.com/ports/module3-rocs-intro.php?links=rocs1 (Case
Studies - PPP Toolkit)
8. www.tariffauthority.gov.in/ (Tariff Authority of Major Ports)
9. www.rppc.nl/en/ (Rotterdam Port Promotion Council)

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 PG21T2402 - SHIPPING FINANCE AND INSURANCE

Objective: 72 Hrs.

To provide a complete reading on ship financing, mortgage terms, conditions and

mortgagee's rights, including a full description of documentation, legislation and registration
procedures required.

Unit I: Introduction 12 Hrs.

The shipping cycle - Shipping cycle and loan finance decision - Main sources of

shipping finance-Issue of shares- types of shares- listing of shares in International

stock exchanges. International element - Ship registration - The different types of

registry - Bareboat charter registration. Loan: Types of loan - Hedging risk.

Unit II: Financing, Sale and Purchase of Second Hand Ship 15 Hrs.

Second-hand ships: Types of lender - Loan and guarantee facilities - International

element - Loan agreement provisions – Execution - Standard security in ship

financing- Registration of security- Equity –Mezzanine finance – Islamic finance

options. Sale and Purchase – introduction – MOA and delivery-standard forms of

MOA- Norwegian Sale form – standard documents.

Unit III: Financing of New Ship and Banker’s Perspective 15 Hrs.

New buildings: Financing options – Government support – the OECD and the EU- the

SUECS- Promissory note – Letter of commitment –Letter of guarantee. Shipping

market - Assessing shipping risk - Choice of finance for ship owners - Term sheet and

risk analysis. Basic principles of good lending –documentation of guarantee - Sources

of security and guarantee for loan.

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Unit IV: Financial Market Products and Ship Mortgage 15 Hrs.

Financial products: meaning – interest rate hedging products- currency hedging

products – Freight hedging products – tying in hedging products to a ship finance

facility – accounting issues. Ship mortgage: Types and Terms of mortgage - Basic

rights required by a mortgagee - Standard mortgage provisions - Mortgages in the

most important ship registration jurisdictions.

Unit V: Insurance in Shipping and Ship Financing 15Hrs.

Marin insurances as security for ship financing – insurance covenants - insurance

documentation- insurance renewals – underwriting security, insurance claims –

marine insurers and Protection and Indemnity (P&I) - marine liability insurance terms

of P&I cover - bankers’ insurances- insurance of other interests ( lessors, ship

owners and passive investors ) - Mortgage rights insurance

Text Books

1. STEPHENSON HARWOOD. (2006) Shipping Finance. Euromoney Institutional

Investor: UK.

2. ICS (2014) Shipping Finance.

Reference Book

1. SCHINAS, ORESTIS, GRAU, CARSTEN, JOHNS, MAX (2015) HSBA Handbook

on Ship Finance. Springer, Verlag: Berlin Heidelberg,

Websites
1. www.ics.org.uk
2. www.ibc-academy.com
3. www.utas.edu.au

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 PG21T2403 - CHARTERING AND SHIP BROKING

Objective: 72 Hrs
To provide an in depth understanding of activities relating to Ocean
transportation, Chartering and the financials of Voyage estimation

Unit I: Principles of Chartering 12 Hrs

Introduction to Chartering: Chartering-Voyage Charter-Time Charter-Chartering

Negotiations-Chartering and the internet-Charter Parties-Construction of voyage

charter parties-Loading place and cargo-Loading rates-Lay days and cancelling date-

Cost of loading and discharge-Bill of lading-Terminology and abbreviations-Time

charter-The agents influence upon the charter-The port agents’ role in charter party

negotiations.

Unit II: Dry Cargo Chartering 15 Hrs

Dry Cargo Trades & Ships- Dry Cargo ship tonnages, Loadline, Dimensions and

cargoes-Propulsion-Cargo—Ship Documents and Classification-Classification-Freight

Markets and Market Practice-The Baltic Exchange-Methods of ship employment-

Chartering negotiations-Offering and countering- Charter parties-Subjects-Freight

Derivatives for Dry cargo.

Unit III: Tanker Chartering 15 Hrs

Tanker Chartering Trade & Ships-Geography for tanker chartering-The Market

structure-Origin and use of world scale-Average freight rate Assessment-Factors

influencing the Freight Markets-Oil Demand-New building Activity-Tanker Scrapping-

Chartering Market Practice-Cargo description-World scale hours terms and

80
conditions-Production of charter party-Demurrage and dispatch-Contract of

Affreightment-Tenders.

Unit IV: Financial Elements of Dry cargo Charter Parties 15 Hrs

Voyage Chartering-Cargo size-Alternative means of calculating freight-Dead freight-

Freight Taxes-Commissions and Brokerages-International Brokers Commission

Contract-Time Chartering-Voyage Estimating-Computerization-Estimate form-

Itinerary-cargo quantity-Expenses-Income-Result-Time Charter Estimating-smaller

tonnage.

Unit V: Financial Elements of Tanker Charter Parties 15 Hrs

Freight-Demurrage-Commissions-Methods of Freight Payment-Arbitration-Warranty

of Authority-Bills of lading-Freight Futures for Tankers-Voyage Estimating-Route-Port

Time-Bunkers-Port Disbursements-Insurance and Crew Expenses-Lump sum rate-

Time charter.

Text Books

1. ICS (2014) Dry Cargo Chartering.

2. ICS (2014) Tanker Chartering.

Reference Books

1. METAXAS, B. N. The Economics of Tramp Shipping. Athlone Press

2. LARS GORTON, Shipbroking and Chartering Practice. Seventh Edition, Lloyds.

3. GORTON, IHRE, SANDERVARN & HILLENIUS, Shipbroking and Chartering

Practice. 6th Edition.

81
 4. PHILIP WOOD, Tanker Chartering (Shipping Business Series). Witherby& Co

Ltd.

Websites

1. http://www.ics.org.uk/
2. http://www.asba.org/education/shipbroking-and-chartered-vessel-
operations/

82
 PG21T2404 - PUBLIC PRIVATE PARTNERSHIP AND PORT DEVELOPMENT

Objective: 72 Hrs.
To introduce the unique characteristics, models, financial approach, institutional
and legal framework and lessons learned from the PPP projects.

Unit I: Introduction to PPP 12 Hrs

Definition - History - Roles - Benefits - Output-based approach - PPP and Privatization

- PPP Models - Indian Scenario - Stumbling Blocks - Government initiative - Policy

framework - Partnership architecture - Procedural network - Institutional structure.

Unit II: Risk Identification and Financial Approach 15 Hrs

Risk: Identification - Mitigation - Allocation. Financial Approach: General Factors -

Deciding determinants - Financial involvements - Sources and tools - Cost

components and financing sequence.

Unit III: Contractual, Legal and Regulatory Framework 15 Hrs

Contractual Framework: Concession contract’s Features - Concession contract and a

Commercial contract - Concession arrangement - Critical issues - Unsolicited

proposals - Contractual Structure. Legal Framework: Existing legal framework -

Infirmities. Regulatory Framework: Regulatory body - Functions Contracting out

regulatory functions - Regulation by contract - Indian Scenario - Independent

regulators.

83
Unit IV: Infrastructure 15 Hrs

Salient Features - Importance - Types - Commercialisation of Infrastructure -

Infrastructure and Environment - Infrastructure and the poor- Policy framework -

Indian Scenario - Phases of project development - Slow progress.

Unit V: Indian Port Sector and PPP Projects 15 Hrs

Indian Ports: Major ports - Corporate ports - Non-major ports - Changing Trends Port

Management Models. Indian Ports and PPP: Nhava Sheva International Container

Terminal - Kakinada Deep Water Port - Gangavaram Port.

Text Books

1. JOSHI, R. N. (2013) Public Private Partnership in Infrastructure: Perspectives,

Principles and Practices. Vision Books: New Delhi.

2. ASIAN DEVELOPMENT BANK (2008) Public-Private Partnership Handbook.

ADB: Manila.

Reference Books

1. ASIAN DEVELOPMENT BANK (2012) Public - Private Partnership Operational

Plan 2012 - 2020. ADB: Manila

2. WORLD BANK (2007) Port Reform Tool Kit. World Bank: Washington.

84
 3. INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITED (2012)

Evolving Perspectives in the Development of Indian Infrastructure Vol. I&II.

Orient Blackswan Private Limited: Hyderabad, India.

4. GOVT. OF INDIA (2014) Compendium of PPP Projects in Infrastructure. PPP

& Infrastructure Division Planning Commission: New Delhi.

Websites
1. http://www.pppinindia.com/ (Public Private Partnership in India)
2. http://www.planningcommission.nic.in (Union Planning Commission - PPP
Project Case Studies)
3. http://www.adb.org/publications/public-private-partnership-infrastructure-
projects-case-studies-republic-korea www.ippta.org.in (Asian Development
Bank - PPP Project Case Studies)
4. http://ppp.worldbank.org/ (World Bank - PPP Project Case Studies)
5. http://www.gsep-ppp.org/ (Global Sustainable Electricity Partnership - Power
Projects)

85