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Shipping: General Features, Chartering Contracts and Operations

4 days TRT/CFS
Level
Proficiency
Audience
  • Professionals in the oil industry, involved in the supply, shipping, distribution activities and who need to improve their knowledge in operational and contractual aspects of shipping
Purpose
  • To enable participants to acquire a thorough knowledge of the technical, operational and commercial conditions concerning the transport of hydrocarbons by sea as well as an introduction to the legal and financial aspects of the shipping
Learning Objectives
  • Upon completion of the course, participants will be able:
  • to assess nautical capacity and technical criteria of a ship in particular for the transport of hydrocarbons
  • to understand the risks associated with maritime activities (boating, environmental, policy,...), as well as the regulations and related procedures
  • to integrate into their reflection operational and strategic constraints that apply to the shipowner or the carrier
  • to negotiate in the best possible conditions contract litigations deriving from oil products marine operations
  • to better understand the tanker chartering market
Ways and means
  • Illustration of actual cases

Vessel specifications 0.5 day
  • Maritime vocabulary: position, distance, speed,…
  • Ship measurements: tonnage, displacement, dimensions,…
  • Anatomy of a ship: main features
  • Nature of cargoes: dry, wet, specialties
  • Ships offering: various types, age profile, specific focus on oil tankers and gas carriers
Shipping financial and legal aspects - Basics of international maritime laws 0.25 day
  • Elements of financing and profitability: type of fund raise, appreciation on current financial situation
  • Current state of the shipbuilding industry
  • The link between states and shipowners: notions on the registration of ships, the world fleet by flag, by investing countries
  • General notions of maritime legislation: territorial waters, EEZ, traffic separation, arctic waters,…
  • Seaways: main maritime routes, Panama and Suez canal, port network
  • Piracy: legal, operational and financial consequences
Risks control and Environmental protection 0.75 day
  • International regulations: IMO conventions, MARPOL, SOLAS, STCW, ILO,…
  • Impact on the environment: ITOPF statistics, ECA, GHG emissions,…
  • Consequences on shipping: EEDI, SEEMP, routing, bunkering alternatives, BWM
  • Procedures for the transport of oil products: SIRE, TMSA, Vetting process
The shipping chain and the port community 0.25 day
  • The Seaport: main features
  • The handling of the ship in the port: port authority, pilot and tugs,…
  • The commercial partners of the ship in the port: role of agent, disbursement account, stevedore’s, forwarders,…
  • The safety of the ship in the port: protection of the peers, departure time, pollution prevention
  • Operating expenses of ships: fixed and variable costs
Shipping exploitation and operations 0.75 day
  • The bunkering market: products, players, contracts, market organization, PLATTS, BUNKERWIRE
  • Risk management: basis of Hedging, Futures, Swap, Option
  • The marine lubricants market: product, players, contractual aspect
  • Quantity measurements: industry commonly agreed procedures ROB, OBQ, VEF, VAR, ISGOTT
  • Quantity measurements: specific focus on Gas, IGC code
  • Cargo loading procedure: interface ship/shore, planning, pumping rates, topping off
  • Claim handling: quantity, quality
The freight market - Pricing mechanisms 0.5 day
  • Organization and operating evolutions in ship management
  • Freight market organization: players and segmentation
  • Freight rates structure: WORLDSCALE, BALTIC
  • Risk management: FFA
  • Market insights: appreciation of the market situation for various classes of oil tankers and gas carriers
The LNG industry 0.25 day
  • LNG trade
  • Liquefaction Regasification plants
  • The fundamentals of LNG market
Chartering agreement and Charter party 0.75 day
  • Chartering agreement principles: different types, main terms, standard clauses, riding clauses
  • Chartering agreement main definitions: Laycan, NOR, Laytime, example of calculation, Demurrage, Detention, Retention,…
  • Role and responsibilities: split between charterer and ship owner depending on charter type
  • Coming to a chartering agreement: various steps and procedures, role of the broker
  • Charter party specific clauses: force majeure, war risk, slow steaming, virtual arrival,…
  • Some litigation cases: practical examples
2016 course calendar
Language Dates Location Tuition Register
Apr 05 - 08 Rueil €2,900 Online By email
Apr 19 - 22 Rueil €2,900 Online By email
Oct 11 - 14 Rueil €2,900 Online By email
Dec 13 - 16 Rueil €2,900 Online