Training

Principles of Tanker Ownership, Chartering, Operations, Laytime and Demurrage


Learn more Date of Training
21 May 2018

Making sound business decisions concerning tanker ownership, chartering, operations and coverage strategies demands a good understanding of key issues and their potential impact. This basic course covers the crude oil, petroleum products, chemicals and gas transportation sectors. This course also examines the important economic, financial, contractual, environmental and legislative issues when evaluating contract options, chartering and investment strategies, logistics and operating tactics.

This course will also provide practical understanding and instruction in the complexities of laytime and demurrage and in so doing, de-mystify them. Emphasis is placed on how to avoid potential problems from the outset, how to limit risk and exposure and ultimately save money through the efficient handling of claims and avoidance of costly legal proceedings. The course highlights differences between major charter parties and the problems encountered between shipping and oil sales contracts.

Case studies and practical sessions provide delegates with hands-on experience of decision making in this area. There are no pre-requisites for this course, nor is any advanced preparation required. This is a three day course.

 What you will learn:

  • To understand key issues facing players in today's energy shipping markets
  • To use worldscale, calculate freight costs, undertake voyage estimate, and time charter conversions
  • To understand the dynamics of the tanker chartering, sale and purchase markets, how to analyze the trends and assess investment risk, as well as how tankers are financed
  • The characteristics and driving forces that determine developments in the specialist gas and chemicals carrier markets
  • Factors determining oil company transportation coverage strategies and tanker owners' chartering policies
  • To appreciate the important insights into how technical factors and the increasingly stringent rules governing vessel operations, safety and pollution prevention impact commercial decisions
  • The essential elements of a voyage charter party and the differences in owners' and charters' obligations under different forms of charter
  • The process of tanker chartering and the role of the broker
  • How the bunker fuel markets work and how bunkering strategies can be developed
  • To identify important insights in the commercial and technical management of a tanker fleet
  • Clear understanding of all of the contractual terms and clauses relating to laytime and demurrage
  • How the same issues may be handled differently between the main charter parties (for example, ASBATankvoy, Shellvoy, Bpvoy)
  • How to calculate used laytime and demurrage incurred
  • The experience of working with a group of energy and shipping industry executives, having a range of experiences, from a variety of organizations around the world

Manager's Return on Investment

Upon completion of this course your employees will be able to:

  • Evaluate the options available for oil, LPG and bulk liquid chemicals transportation
  • Calculate shipping requirements
  • Estimate freight rates for potential business
  • Develop coverage strategies to minimize risks and exploit opportunities in the liquid bulk shipping markets
  • Participate in the preparation for, and the conduct of, charter party negotiations
  • Understand the commercial risks associated with laytime and demurrage in shipping charter parties and oil sales/supply agreements and the problems of ensuring compatibility between the two contracts
  • Clarify some of the most important issues surrounding laytime and demurrage
  • Help improve the efficiency and speed of claims handling to the benefit of the parties concerned



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https://mennta.com/public-courses/public-instructo...


Date of Training

21 May 2018

tankerstanker ownershipcharteringOperationslaytimedemmurageMennta

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