ICTQual International Level 1 Award in Shipping Finance

The ICTQual International Level 1 Award in Shipping Finance is a short, focused programme designed to introduce learners to the essential principles of financial management within the global shipping industry. Delivered as a structured 1 day training programme, it provides a practical foundation for understanding how finance supports shipping operations, trade, and logistics.

This award is ideal for freshers who are beginning their journey in international trade and maritime studies, as well as professionals seeking to strengthen their knowledge of shipping finance. Learners will explore the basics of shipping transactions, freight charges, and financial documentation, gaining valuable insights into how financial processes underpin the smooth functioning of global shipping networks.

By completing this programme, learners will develop key skills in financial awareness, cost management, and the interpretation of basic shipping accounts. These skills are highly relevant for those aiming to build careers in shipping agencies, freight forwarding companies, logistics providers, and port operations. The course also supports learners in progressing to higher‑level qualifications in shipping, trade, and logistics, creating a clear pathway for professional growth.

Key benefits of this award include enhanced employability, improved financial literacy, and a strong introduction to the economic aspects of maritime operations. With its international relevance and industry‑focused content, the ICTQual International Level 1 Award in Shipping Finance empowers learners to take their first step towards a successful career in global trade and shipping.

Course overview

International Level 1 Award in Shipping Finance

To enrol in ICTQual International Level 1 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: No formal academic qualifications are required. However, learners should have a basic understanding of numeracy and literacy to engage effectively with the course content.
  • Professional Experience:No prior professional experience in shipping or finance is necessary. This award is designed as an entry‑level qualification, making it suitable for freshers and those new to the maritime and logistics sectors.
  • English Proficiency: As the programme is delivered in English, learners should demonstrate basic competence in reading, writing, listening, and speaking. Centres may assess this through internal evaluations or evidence of prior study.
  • 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 1 Award in Shipping Finance, consists of 3 mandatory units.

  1. Introduction to Shipping and Maritime Finance
  2. Basics of Trade, Freight, and Port Charges
  3. Fundamentals of Financial Transactions in Shipping

Learning Outcomes for the ICTQual International Level 1 Award in Shipping Finance:

Introduction to Shipping and Maritime Finance

  • Understand the basic concepts of shipping and its role in global trade.
  • Recognise the importance of finance in supporting maritime operations.
  • Identify key stakeholders in the shipping industry, including shipowners, agents, and financiers.
  • Demonstrate awareness of how ships generate revenue through freight and chartering.
  • Understand the link between shipping services and international commerce.
  • Develop a basic understanding of financial terms used in maritime operations.
  • Recognise the importance of accurate financial management in shipping.
  • Appreciate the role of shipping finance in ensuring smooth trade flows.

Basics of Trade, Freight, and Port Charges

  • Understand the concept of international trade and its connection to shipping.
  • Recognise the different types of freight charges and their calculation methods.
  • Identify common port charges and their impact on shipping costs.
  • Demonstrate awareness of how freight rates are influenced by supply and demand.
  • Understand the role of ports in facilitating trade and revenue collection.
  • Develop knowledge of basic trade documents linked to freight and port charges.
  • Recognise the importance of cost control in shipping operations.
  • Appreciate how freight and port charges affect overall shipping profitability.

Fundamentals of Financial Transactions in Shipping

  • Understand the role of financial transactions in daily shipping operations.
  • Recognise common payment methods used in international shipping.
  • Identify key financial documents such as invoices, receipts, and bills of lading.
  • Demonstrate awareness of currency exchange and its impact on shipping payments.
  • Understand the importance of accuracy and transparency in financial records.
  • Develop knowledge of basic accounting practices in shipping finance.
  • Recognise the role of banks and financial institutions in supporting shipping trade.
  • Appreciate the importance of secure and timely financial transactions in maritime operations.

The ICTQual International Level 1 Award in Shipping Finance is an entry‑level qualification that introduces learners to the fundamentals of financial management in the maritime and logistics sectors. By completing this short 1 day programme, learners gain essential knowledge of shipping transactions, freight charges, and financial documentation. This award provides a strong foundation for further vocational study and creates opportunities for learners to begin building their careers in international trade, shipping, and logistics.

  • Progress to higher vocational qualifications in shipping, logistics, and international trade.
  • Access entry‑level roles such as shipping assistant, finance support officer, or documentation clerk.
  • Build the knowledge required for junior positions in freight forwarding, port operations, and maritime administration.
  • Strengthen employability by demonstrating financial awareness and industry‑specific skills.
  • Develop a pathway towards specialised training in shipping accounts, freight management, and trade finance.
  • Enhance professional confidence by gaining an internationally recognised qualification.
  • Prepare for structured progression into more advanced awards, certificates, and diplomas in shipping finance and related fields.
  • Establish a long‑term career pathway in global shipping, logistics, and trade services.

FAQs

The ICTQual International Level 1 Award in Shipping Finance is designed for learners who are new to the shipping and logistics sector and want to build a strong foundation in maritime finance. It is ideal for freshers seeking to start a career in international trade, as well as professionals in related fields who wish to strengthen their understanding of shipping transactions, freight charges, and financial documentation. Learners aiming to progress into higher vocational qualifications in shipping, logistics, or trade finance will also benefit from this award.

Completing this award opens opportunities for learners to pursue entry‑level roles in shipping agencies, freight forwarding companies, port operations, and logistics firms. Possible positions include shipping assistant, finance support officer, documentation clerk, or junior trade administrator. The qualification also provides a stepping stone towards more advanced training in shipping accounts, maritime finance, and international trade operations, helping learners build long‑term career pathways in the global shipping and logistics industry.

The ICTQual International Level 1 Award in Shipping Finance is a 1 day 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 1 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 1 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%