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Course Level
Introduction
Delivery Method
Live Instructor-Led Virtual Course
Professional Development Credit Hours
6
Pre-requisites
There is no pre-requisite for this course.


Faculty

Captain Bhatia is a well-known maritime transportation industry expert with over 30 years of operational and commercial experience including organizational turnaround, business strategy, operational risk management, claims, legal & regulatory. He has in-depth technical, commercial and operational management expertise gained by serving at sea for 15 years and later on ashore in commercial operations and management consulting field. He is the founding partner of The Wade Maritime Group, a leading maritime business consulting group based out of Singapore with group offices in India and the UK. He has over the past decade worked on numerous projects in operational risk management, business strategy, organizational design, human capital management, strategic investment advice, claims management and regulatory compliance for leading ship owners, charterers, Oil & Bulk majors, Ports and PE firms. He is a specialist in commercial operations, maritime economics, transportation strategies, operational risk management, claims management and dispute resolution. Keynote speaker on various advanced training programmes and seminars in the maritime industry.

Ian Garton Senior Consultant and Head of Research with Richardson Lawrie Associates, working on all aspects of the company’s business for over 15 years. He has been responsible for maintaining market information on the oil, gas and chemicals transportation sectors, analysing trends in the energy and shipping markets and preparing the company’s monthly and quarterly tanker market outlooks. He is responsible for developing and maintaining our Pool Revenue Distribution models in the oil, chemicals and dry bulk markets. Other work along these lines includes working on fleet and cargo coverage strategies, feasibility studies, and due diligence evaluations of other Pool models for a range of companies including private and confidential arrangements. Ian has been heavily involved in producing the background evaluations and analysis required for expert witness cases. He has been a regular speaker on management training programmes and workshops.


Accreditations

NASBA: Mennta Energy Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org


CPD Certification Services: The CPD Certification Service works with Mennta Energy Solutions to ensure valuable knowledge is structured to complement the universal guidelines of Continuing Professional Development. Mennta Energy Solutions courses are approved by CPD at one credit per training hour.

Fundamentals of Oil, Petrochemicals and Gas Shipping (VIRTUAL) - TD1V


Course Schedule

Date Time Location Price* Registration Deadline**

*Prices do not include VAT, GST, or any other local taxes. All applicable taxes will be added to the invoice.
**Please register by the deadline to help us ensure sufficient attendance and avoid postponing the course.


Course Summary

Shipping affects several aspects of a commodity including its marketing, supply, pricing, competition tactics and trading opportunities. Contracts can be complex, the legal and commercial implications profound. This live virtual instructor-led course provides insights into who is responsible for what, economic choices, common terminology, freight contracts and negotiations.


Who Should Attend?

A range of non-specialist employees and consultants such as those who interact with their own shipping departments and shipping companies, marketing and business strategists and contracts specialists. Individual interests may reflect management issues or day to day business tactics and operations.


Course Content

Ship Types, Characteristics and Trades

  • Ship types: commercial definitions and characteristics
  • Ships by trade, products they carry

The Cast of Characters - Who Does What

  • Owners, operators, charterers, shippers, brokers
  • Institutions and organisations, e.g. PSC, IMO, Intertanko, IPTA, SITGO, CDI, SIRE, OCIMF, Worldscale, Marpol, Solas, London and New York Tanker Brokers Panel

The Voyage from Planning to Completion

  • Sequence of Events
  • Negotiation
  • Who Gives What Orders
  • Letters of Indemnity
  • Bills of Lading

Types of Freight Contract

  • Voyage (spot)
  • Time Charters
  • Contracts of Affreightment
  • Consecutive Voyages
  • Bareboat Charters
  • Owners/Charterers responsibilities

How Rates are Reported

  • Freight Markets
  • Worldscale and AFRA

Sales and Shipping Contracts

  • Inco Terms - FOB, CIF, CFR

Demurrage

  • Responsibilities
  • Where Does This Fit in Freight Costs
  • How is it Calculated

Contract Terms, Charter Parties

  • Law
  • Description of the parties,
  • Differences
  • Deadfreight
  • COAs and Time Charter issues

Exercises

  • The course is a practical introduction to the liquids transportation markets and participants have the opportunity to test their skills through a number of short exercises

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