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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.

Charles Lawrie is a founding partner, and now CEO, of Richardson Lawrie AssociatesLtd, an independent firm of international maritime economists and business consultants established in 1987 and now a part of the Wade Maritime Group based in London, Singapore and India. He is responsible for the firm's consulting and retainer services in the crude oil, petroleum products and gas transportation sectors. He has spent over 45 years in the oil and shipping sectors, more than 35 of which have been as project manager or senior consultant on shipping, economics, investment appraisals, feasibility studies, transportation strategies and business studies within Europe, the Americas and the Far East. He is a specialist in the development of: investment appraisals, business plans, strategy reviews; commercial/contractual advice, project implementation; evaluation of the transportation economics of varying routes, ports and cargo handling techniques; commodity trade flow analyses and forecasts; modelling and forecasts of short, medium and long term shipping traffic, shipping demand and shipping supply; and modelling and forecasts of shipping charter rates and vessel costs.

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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In the Classroom or Online

Contact
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