1. What is the Certificate in Commercial Management and Procurement?

The Certificate in Commercial Management and Procurement is a professional development programme offered by Lloyd’s Maritime Academy. It is designed to provide a comprehensive understanding of modern commercial management techniques, with a specific focus on the maritime and oil & gas industries. The course equips participants with the skills to streamline procurement processes, manage contracts effectively, and enhance operational efficiency.

2. What will I learn in the Certificate in Commercial Management and Procurement course?

This course covers eight key modules, including commercial strategy, strategic procurement, cost management, project management, risk management, tendering processes, negotiation tactics, and practical contract management. Participants will gain insights into methodologies such as tendering, contract negotiation, and proactive management, enabling them to apply these concepts in real-world scenarios.

2-1. Will I learn about business management concepts?

Yes. Core business management concepts are embedded throughout the course, covering contract management, business development, negotiation strategy, and managing commercial and contractual risk. You'll leave able to apply these concepts to procurement and commercial decisions that drive growth across the maritime business.

3. Why is understanding commercial management and procurement important for my work?

In today’s competitive business environment, understanding commercial management and procurement is essential for controlling costs, improving operational effectiveness, and driving business success. This course provides the tools to optimise procurement strategies, manage risks, and enhance decision-making, particularly in the marine and oil & gas sectors.

4. Who teaches the Certificate in Commercial Management and Procurement course?

Rene Herschel, a Professor in the Department of Law, Business and Social Sciences at Aarhus University, Denmark lead the course. Rene is an expert in contract law, contract management, and proactive law, with extensive professional experience in the Danish Ministry of Business and Economic Affairs and law firms. He also contributes to leading publications such as The International Contract Manual and The IACCM Contract and Commercial Management – The Operational Guide.

5. Who is the Commercial Management and Procurement course for?

This Certificate in Commercial Management is built for commercial managers, procurement leads, contract managers, business development professionals, and ship-owner / operator commercial teams who want to deepen their knowledge of contractual risk and maximise growth. It also suits early-career professionals moving into commercial roles who want a structured grounding in business management concepts and commercial activity in maritime.

6. Do I need experience before enrolling in the Certificate in Commercial Management and Procurement course?

While prior industry experience is beneficial, it is not a prerequisite. The course is designed to cater to both beginners and experienced professionals who wish to formalise or deepen their understanding of commercial management and procurement.

7. Which companies have previously enrolled staff in this course?

Participants in the Certificate in Commercial Management and Procurement have come from leading organisations such as Schmidt Ocean Institute, Wagenborg Crew Management, McDermott, Caracal Oil & Gas Services Limited, General Dynamics NASSCO, PSE Kinsale Energy Limited, Vroon Offshore Services Ltd, Humboldt Shipmanagement, Ultramar Group, and Ethiopian Shipping and Logistics Service Enterprise.

8. What career opportunities can the Certificate in Commercial Management and Procurement support?

This course can support career progression into roles such as Ship Manager, Superintendent, Technical Manager, Commercial Manager, Contracts Manager, Operations Manager, Chartering Manager, Shipyard Manager, and even CEO. It provides the foundational knowledge and evidence of commitment required for these positions.

9. Is the Certificate in Commercial Management and Procurement available on-demand?

Yes. There is an on-demand version of the Certificate in Commercial Management and Procurement, which allows you to enrol immediately and study at your own pace from anywhere. All modules and assessments are accessible as soon as you join.

9. How does the Certificate in Commercial Management and Procurement work?

The course is delivered entirely online and consists of eight modules. Each module includes an online test that must be passed with a minimum score of 70%. Participants can interact with the course director and fellow students through an online forum, which serves as a virtual classroom for networking and discussion.

11. How does the scheduled version of the Certificate in Commercial Management and Procurement work?

The scheduled intake of the Certificate in Marine Claims runs over 16 weeks, with modules released every two weeks. Students also benefit from at least one webinar and an active online forum where they can interact with fellow participants and receive support from the course director.

12. Can I study the Certificate in Commercial Management and Procurement from anywhere?

Yes. The Certificate in Commercial Management and Procurement is delivered fully online and can be accessed globally. No travel or in-person attendance is required.

13. How much time do I need for the Certificate in Commercial Management and Procurement course?

Each module requires approximately 3–4 hours of study, which equates to around 1–2 hours per week. The course is designed to be flexible, allowing participants to balance their studies with other commitments.

14. Does the on-demand Certificate in Commercial Management and Procurement include tutor support?

The on-demand version of the Certificate in Commercial Management and Procurement does not include tutor interaction or forum support. Tutor guidance is provided only in the scheduled version.

15. How is the Certificate in Commercial Management and Procurement assessed?

The Certificate in Commercial Management and Procurement is assessed through online tests at the end of each module. A score of 70% is required to progress to the next module.

16. Do I receive a qualification after completing the Certificate in Commercial Management and Procurement?

Yes, successful participants will receive a certificate of completion, which includes 24 CPD hours (2.4 CEUs). This certificate serves as evidence of your commitment to professional development in commercial management and procurement.

17. When will I receive my Certificate in Commercial Management and Procurement?

You will receive your certificate once all assessments have been completed and your marks and mailing details have been confirmed. Certificates are issued after the full course has concluded.

18. When does the next Certificate in Commercial Management and Procurement course start?

The next scheduled intake begins on 15 September 2026. Late applications are accepted until 29 September 2026. The on-demand version can be joined at any time.

19. Can I join the Certificate in Commercial Management and Procurement late?

Yes. Late applications are accepted for the scheduled intake up to two weeks after the official start date, although you may need to catch up on released modules.

20. What is the fee for the Certificate in Commercial Management and Procurement?

The Certificate in Commercial Management and Procurement is priced at £2,099 + VAT / $2,840, with an early booking fee of £1,889.10 + VAT / $2,556.
EUR pricing is also available at the exchange rate applied on the invoice date.

21. Are group bookings available for the Certificate in Commercial Management and Procurement?

Yes. Group bookings and referrals are welcome and may qualify for preferential pricing.
Contact us to discuss the group booking discount.

22. Do I need a visa for the Certificate in Commercial Management and Procurement

No. The Certificate inCommercial Management and Procurement is delivered entirely online and does not require a study visa or physical attendance.

23. Is there a similar course to the Certificate in Commercial Management and Procurement?

Yes, the Certificate in Commercial Management and Procurement is part of the Management & Leadership portfolio offered by Lloyd’s Maritime Academy. Related courses in this portfolio focus on strategic decision-making, market analysis, and operational leadership in the maritime industry.