Using examples

The difference between demonstrating knowledge and showing understanding comes through using examples. This is exactly what your examination marker wants you to do. The tutorship books in this sense give you the basis of the theory you need. Showing that you can put this into practices is more involved. Regurgitating parts of the tutorship book will not draw any favours from the markers and will likely result in a failure.

You need to demonstrate not that you can rote learn information, but that you have a professional understanding of how the industry works. The best way to show that you understand is therefore to apply theory by using examples. You will need to undertake wider reading and investigations to do this effectively. Speak to your colleagues in other areas. Find out what the markets are up to. Read up to date publications and journals. Try www.shippingpodcasts.com for market reports. While you can't anticipate what the examination questions are likely to be, if you know what the various markets are doing and have some figures and facts to back you up (a google search should not be underestimated here) you will be in a good position.

It's also wise to know about the major events, big accidents (both historical and recent) and any headline news stories that have happened within the industry you are focusing on. Once you have this knowledge you are well equipped to talk about the effect these events have had.

The message here is quite simple. Talk, read, gather as much information from as many places as you can. Know what is happening in the market, have some figures to support you and be mindful of the major factors that have shaped the specific industry you're being examined on.