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Fundamentals of Oil, Petrochemicals and Gas Shipping

Mennta Energy Solutions
Course summary
1 day
895 GBP
English
London
Next available date: 01/07/2020 09:00 - London
Open / Scheduled

Course description

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 one-day course provides insights into who is responsible for what, economic choices, common terminology, freight contracts and negotiations.

Suitability - 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.

Training 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

Suitability

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.

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

About provider

Mennta Energy Solutions, formerly The Oxford Princeton Programme, addresses the knowledge gaps of energy professionals throughout the world with innovative and proven training techniques – instructor-led and online. The effectiveness of the training can be measured by the over 100,000...


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Mennta Energy Solutions

Oxford

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