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Shipping: General Features, Chartering Contracts & 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
  • This training provides participants 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,
  • understand the risks associated with maritime activities (boating, environmental, policy, …), as well as the regulations and related procedures,
  • integrate into their reflection operational and strategic constraints that apply to the ship-owner or the carrier,
  • negotiate in the best possible conditions contract litigations deriving from oil products marine operations,
  • understand the tanker chartering market better.
Prerequisite
  • Minimum of 3 years of working experience in oil business and/or seagoing shipments of oil products.
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 & 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 ship-owners: 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 & ENVIRONMENTAL PROTECTION 0.75 day
  • Impact on the environment: ITOPF statistics, Oil spills, GHG emissions, …
  • International regulations: IMO conventions, MARPOL, SOLAS, STCW, ILO, ISPS, …
  • Green regulations: air pollution, EEDI, ECA zone, BWM, ship recycling.
  • Impact on international shipping: SEEMP, engine technology, scrubbers, bunkering alternatives, financial impact.
  • Procedures for the transport of oil products: SIRE, TMSA, Vetting process.
THE SHIPPING CHAIN & THE PORT COMMUNITY 0.25 day
  • The Seaport: main features.
  • The maritime transportation occupations: agents, forwarders, stevedore’s, customs, …
  • The handling of the ship in the port: port authority, pilot and tugs, peers main features, …
  • Operating expenses of ships: fixed and variable costs, disbursement account, …
  • The maritime transportation “contract”: Hague Visby, Rotterdam Rules, B/L, …
SHIPPING EXPLOITATION & OPERATIONS 0.75 day
  • The bunkering market: products, players, contracts, market organization, PLATTS, BUNKERWIRE.
  • Risk management: basis of Hedging, Futures, Swaps, Options.
  • The marine lubricants market: products, players, contractual aspect.
  • Quantity measurements: industry commonly agreed procedures ROB, OBQ, VEF, VAR, ISGOTT, specific focus on Gas.
  • Cargo loading procedure: interface ship/shore, planning, sampling, pumping rates, topping off.
  • Ship To Ship (STS) operations: planning and notice, POAC role, …
  • 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.
LPG & LNG SHIPPING MARKETS 0.25 day
  • Introduction.
  • LPG shipping market.
  • LNG shipping market: contract conditions, current and evolutions, …
  • LNG Liquefaction Regasification plants.
  • LNG market insights: appreciation of current situation.
CHARTERING AGREEMENT & CHARTER PARTY 0.75 day
  • Chartering agreement principles: different types, main terms, standard clauses, rider clauses.
  • Chartering agreement main definitions: Laycan, NOR, Laytime, example of calculation, Demurrage, Detention, Retention, …
  • Main litigation causes.
  • 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.
2017 course calendar
Language Dates Location Tuition Register
Apr 11 - 14 Rueil €2,950 Online By email
Apr 25 - 28 Rueil €2,950 Online By email
Oct 10 - 13 Rueil €2,950 Online By email
Dec 12 - 15 Rueil €2,950 Online