Oil and Gas Tanker Ownership, Chartering and Operations Master Class - TDMC
CPE Credits Awarded:
Categories: Oil Industry, Shipping and Bunkering
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:
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
- The system – its derivation and use
- Understanding its value and short comings
- When it can work for you and when not
- 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
- Successful negotiating
- Risks and Rewards
- Stages of the negotiation
- Tactics and considerations
Mr Charles Lawrie
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