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Building a Universal Ship Trading Platform (“USP”)

 Institute of Seatransport  


RE : EVENING SEMINAR ON 7th March 2017

All members, non-members and guests are cordially invited to attend our coming evening seminar, details of which are set up below:

Topic:         Building a Universal Ship Trading Platform (“USP”)

Speaker: Capt. Peter Chu Chi Tung

Date & Time: 7 March 2017 (Tuesday) 1830 - 2030 hrs.

Venue: No. 1 Conference Room, 37/F., China Merchants Tower,

Shun Tak Centre, 152-155 Connaught Road C., Hong Kong

Language: Cantonese, Mandarin, English

Charge:         $50/person for Members, $100/ person for Non-Members

Free of charge for Young Members


About the Speaker

Capt. Peter Chu, Director of South Express Ltd.

In 1966 Peter set his foot on a foreign going ship as cadet, since then ship has become a part of his life. He trained the crew and assessed the competency for their certificates; he surveyed ships and carried out casualty investigations; enforced marine legislation; took part in marine arbitration; gave witness in local and foreign courts. In the recent days, his company handles ships for demolition and second hand trading, as well as other related shipping projects.

About the Talk

Facing a mushroom of Fintech innovations in online trading nowadays, can we trade ships on the Internet? The answer is positive. It will bring down trading cost and operation cost substantially. Moreover, it can avoid most disputes arising from ambiguous terms.  Paradoxically, these terms are implanted by both parties (often represented by brokers) with an original intent to complete a deal. These implantations have always transformed a well-tested standard contract into distorted terms making room for arguments. One primary objective of the USP is to avoid or at

least minimize such ambiguity. Capt. Chu will explain the idea in more details in the seminar, by quoting some contractual terms and illustrating operational problems commonly encountered in the existing system.  Questions (on sale and purchase) as well as challenges to the idea of USP will be discussed.

For those interested persons, please kindly send back the Return Slip for enrolment to Institute of Seatransport before 1st March 2017 for our appropriate arrangement.

We thank you for your attention and look forward to seeing you all in that evening.

Yours faithfully,


Chan Kam Wing / Activities Sub-Committee




please register by filling below form.

Payment : - by posting the cheque made payable to “Institute of Seatransport” to          GPO Box 6081, Hong Kong.

                 - pay on spot that night

                 - by bank-in the fee to our bank account as follows:

                      Hong Kong Bank

                  A/C : 567-289855-001

                i/n/o : Institute of Seatransport

Please e-mail us the bank receipt for record.

Name *






E-mail :   TEL. 25810003FAX : 25810004

Earlier Event: December 31
Joint Dinner Party on 31 December 2016
Later Event: May 24
IFSPA 2017 Conference