Oil and Gas Tanker Ownership, Chartering and Operations Master Class - TDMC 

CPE Credits Awarded:
Categories: Oil Industry, Shipping and Bunkering

Date Register by Date Duration Venue Price Register
Open date TDMC - Not scheduled. Please enquire.

Gold Course This intensive two-day training event covers key issues – economic, financial, contractual, environmental and legislative -- and their impact on contract options, investment strategies, logistics and operating tactics surrounding the transport of crude oil, petroleum products, and gas. The course is designed to equip participants with the tools to evaluate risks and opportunities in today’s tough energy shipping markets.

 

Do you have a question or enquiry regarding this course?

Please contact your local sales team:

Asia Pacific Europe, Middle East, Africa, Central & South America North America

Those engaged in the supply, trading and risk management of oil, petroleum products and natural gas; commercial and operations departments of ship-owning companies; planning and financial departments of shipping companies and oil transportation divisions; banks and financial institutions involved in oil and gas tanker finance; accounting and legal firms dealing with energy transportation issues; oil trading and distribution companies; management new to the transportation sector.

Structure of the Crude Oil and Petroleum Tanker Markets

  • How the markets operate
  • Trends in ownership and chartering

Worldscale

  • The system – its derivation and use
  • Understanding its value and short comings
  • When it can work for you and when not

Charter Evaluation

  • Types of chartering arrangements and their relative commercial advantages and disadvantages/opportunities and risks. Who bear responsibility for what?
  • Voyage estimating

Logistics and Operating Strategies

  • Transportation economics and evaluation of logistics options
  • Trans-shipment, lightering and the use of tankers as floating storage

Tanker Market Fundamentals and Market Influences

  • Tanker demand and supply
  • Trends in owner operating costs and charter revenue
  • Rate and price formation
  • The dynamics of short, medium and long-term charter rates
  • Assessing the impact of external market factors

Commercial and Legal Aspects of Charter Parties

  • Choice of charter and commercial operating strategies
  • Key charter party clauses
  • Laytime, Demurrage, Notice of Readiness
  • Bunker escalation and nomination clause in contracts of affrieghtment
  • Relative merits of different forms of charter party
  • Requirements of charterers

Negotiating Contracts

  • Successful negotiating
  • Risks and Rewards
  • Stages of the negotiation
  • Tactics and considerations

Faculty

Mr Charles Lawrie

Testimonials

If you have attended a past course please provide us with some feedback.

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