ICTQual International Level 2 Award in Shipping Finance

The ICTQual International Level 2 Award in Shipping Finance is a focused 2 days training programme designed to strengthen learners’ understanding of financial practices within the global shipping and logistics industry. Building on introductory knowledge, this award equips learners with practical insights into shipping accounts, freight rate structures, and international payment systems, making it highly relevant for both freshers and professionals seeking career advancement.

Learners will explore the principles of bookkeeping in shipping, the calculation of freight costs, and the role of currency exchange in international trade. By engaging with real‑world financial scenarios, learners develop essential skills in accuracy, cost analysis, and financial documentation—competencies that are increasingly valued in today’s competitive maritime and logistics sectors.

This award is particularly valuable for learners aiming to begin or enhance careers in shipping agencies, freight forwarding companies, port operations, and logistics firms. It also provides a strong foundation for those who wish to progress into higher vocational qualifications in shipping finance, trade, and supply chain management.

Key benefits of completing this programme include improved financial literacy, enhanced employability, and the ability to contribute effectively to the financial operations of shipping and logistics organisations. With its international scope and industry‑focused content, the ICTQual International Level 2 Award in Shipping Finance empowers learners to take confident steps towards building a successful career in global trade and maritime services.

Course overview

International Level 1 Award in Shipping Finance

To enrol in ICTQual International Level 2 Award in Shipping Finance, learner must meet the following entry requirements:

  • Age Requirement: Learners should normally be at least 16 years old at the time of enrolment.
  • Educational Background: Learners are expected to have completed a Level 1 qualification in Shipping Finance or an equivalent introductory course. Alternatively, individuals with a basic understanding of numeracy, literacy, and trade concepts may also be considered.
  • Professional Experience:No prior professional experience is required. However, learners with some exposure to shipping, logistics, or financial administration will find the programme especially beneficial.
  • English Proficiency: As the programme is delivered in English, learners should demonstrate competence in reading, writing, listening, and speaking. This may be evidenced through prior study in English, internal assessments, or equivalent qualifications.
  • Additional Requirements: Learners should demonstrate motivation, commitment, and an interest in developing knowledge of shipping finance. Access to a digital device and reliable internet connection may be required if the programme is delivered in blended or online formats.

This qualification, the ICTQual International Level 2 Award in Shipping Finance, consists of 3 mandatory units.

  1. Principles of Shipping Accounts and Bookkeeping
  2. Introduction to Freight Rates and Cost Structures
  3. Basics of International Payments and Currency in Shipping

Learning Outcomes for the ICTQual International Level 2 Award in Shipping Finance:

Principles of Shipping Accounts and Bookkeeping

  • Understand the purpose and importance of bookkeeping in shipping operations.
  • Recognise the structure of basic shipping accounts, including income and expenditure.
  • Identify common financial records used in maritime transactions.
  • Demonstrate awareness of double‑entry bookkeeping principles in a shipping context.
  • Record simple financial transactions accurately and systematically.
  • Understand the role of bookkeeping in ensuring transparency and accountability.
  • Develop skills in preparing and maintaining basic shipping ledgers.
  • Appreciate the importance of accurate records for decision‑making in shipping finance.

Introduction to Freight Rates and Cost Structures

  • Understand the concept of freight rates and their role in shipping finance.
  • Recognise the factors that influence freight rate calculations, including distance, cargo type, and market demand.
  • Identify different types of freight charges used in international shipping.
  • Demonstrate awareness of cost structures in shipping operations, including fixed and variable costs.
  • Analyse how port charges, fuel costs, and insurance affect overall freight pricing.
  • Develop skills in interpreting freight rate tables and cost breakdowns.
  • Understand the importance of cost efficiency in maintaining competitiveness.
  • Appreciate the role of freight rates in shaping global trade flows.

Basics of International Payments and Currency in Shipping

  • Understand the role of international payments in global shipping transactions.
  • Recognise common payment methods such as letters of credit, bank transfers, and bills of exchange.
  • Identify the importance of currency exchange in international trade.
  • Demonstrate awareness of risks associated with fluctuating exchange rates.
  • Understand the role of banks and financial institutions in facilitating shipping payments.
  • Develop skills in interpreting basic financial documents related to international payments.
  • Recognise the importance of secure and timely transactions in shipping operations.
  • Appreciate the impact of global currency trends on shipping finance and trade.

The ICTQual International Level 2 Award in Shipping Finance provides learners with practical knowledge of shipping accounts, freight rate structures, and international payment systems. This 2 days programme is designed to strengthen employability and create a clear pathway for learners to advance into higher vocational qualifications and industry‑focused roles. By completing this award, learners gain the confidence and skills needed to take their next steps in the global shipping, trade, and logistics sectors.

  • Progress to higher vocational qualifications in shipping finance, logistics, and international trade, building on the foundation gained at Level 2.
  • Access entry‑level roles such as shipping accounts assistant, freight documentation clerk, or finance support officer in shipping and logistics firms.
  • Gain the knowledge required for junior positions in freight forwarding companies, port operations, and maritime administration.
  • Strengthen employability by demonstrating practical financial awareness and industry‑specific skills in shipping and trade.
  • Develop a pathway towards specialised training in freight rate analysis, shipping accounts, and trade finance.
  • Enhance professional confidence by gaining an internationally recognised qualification that is valued across global shipping and logistics sectors.
  • Prepare for structured progression into certificates and diplomas in shipping finance, creating opportunities for long‑term career growth.
  • Build transferable skills in financial documentation, cost analysis, and international payments that are relevant across multiple industries.
  • Position yourself for career advancement in multinational shipping agencies, logistics providers, and port authorities.
  • Establish a long‑term career pathway in global shipping, logistics, and trade services, with opportunities to move into supervisory and specialist roles.

FAQs

The ICTQual International Level 2 Award in Shipping Finance is designed for learners who want to strengthen their understanding of maritime finance and trade operations. It is suitable for freshers who have completed an introductory qualification and wish to progress further, as well as professionals in shipping, logistics, or trade who want to enhance their financial knowledge. Learners aiming to build skills in bookkeeping, freight rate analysis, and international payment systems will find this programme highly valuable.

Completing this award opens opportunities for learners to pursue entry‑level and junior roles in shipping agencies, freight forwarding companies, logistics providers, and port operations. Possible positions include shipping accounts assistant, freight documentation clerk, finance support officer, or trade administration assistant. The qualification also provides a strong foundation for progression into higher vocational certificates and diplomas in shipping finance, enabling learners to advance towards supervisory and specialist roles in the global shipping and logistics industry.

The ICTQual International Level 2 Award in Shipping Finance is a 2 days training programme designed to be completed in full-time study over this period, with a focus on both theoretical learning and practical application.

ICTQual International Level 2 Award in Shipping Finance is offered in various formats, including online, in-person, or a combination of both. Participants can choose the format that best fits their schedule and learning preferences. But final decision is made by ATC.

Yes, ICTQual International Level 2 Award in Shipping Finance, includes assessments consisting of 100 multiple-choice questions (MCQs). These assessments evaluate participants’ understanding of the course material and their ability to apply concepts in practical situations. A minimum score of 75% is required to pass the assessments.cal situations. It is mandatory to pass assessments with a minimum score of 75%