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 practice is more involved. Regurgitating
parts of the tutorship book will not draw any favours from the
markers and is likely to 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 (an internet search
should not be underestimated here), then you will be in a good
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.