Chartering in the Tanker Industry (VIRTUAL CLASSROOM) - TDNV 

CPE Credits Awarded: 9
Categories: Oil Industry, Oil Supply and Trading, Shipping and Bunkering, LPG, Lubricants

PLEASE NOTE: This virtual course is comprised of three separate instructor-led sessions and offline assignments over 3 days.  See the outline for date and time details.

Course Date Duration Venue Price Registration Deadline Register
28 Jul 2020 3 Days Globally Online Country: us
$ (USD)999.00
3 Jul 2020

COURSE SUMMARY

This intensive, nine hour on-line instructor led seminar is spread over three days, held in association with Richardson Lawrie AssociatesLtd. The central themes of the seminar are the issues which arise out of chartering in the oil tanker markets whether from the perspective of Owners or Charterers or, for that matter, any other organisation for whom this is an essential subject. The aim is to provide practical insights into the economics of tanker shipping, commercial operating strategies, chartering tactics, the recognition of risks and the impact of environmental legislation on the transportation of crude oil and petroleum products. Through a series of presentations and exercises, the course is designed to equip participants with the necessary tools to evaluate the risks and opportunities in today’s complex shipping markets.

While the course is aimed at the international tanker markets in general, there is particular recognition of the changing role which the US oil industry has had on the volumes and flows of both crude oil and petroleum products trades.

This course will be of interest to those engaged in the supply, trading and risk management of oil and petroleum products business; commercial and operations departments of ship-owning companies; planning and financial departments of shipping companies and oil transportation divisions; banks and financial institutions involved in oil tanker finance; accounting and legal firms dealing with energy transportation issues; oil trading and distribution companies; management personnel who are new to the transportation sector.

SESSION SCHEDULE:

Virtual Instructor-Led Session 1: July 28, 2020 at 11:00AM - 2:00PM  EST (New York)
Virtual Instructor-Led Session 2: July 29, 2020 at 11:00AM - 2:00PM  EST (New York)
Virtual Instructor-Led Session 3: July 30, 2020 at 11:00AM - 2:00PM  EST (New York)

COURSE CONTENTS

Virtual Instructor-Led Session 1: July 28, 2020 at 11:00AM - 2:00PM  EST (New York)

  • The Market Place
    • Key Factors Driving the Markets (oil consumption, crude oil and petroleum product sources, tanker demand and supply, legislation);
    • Market Behaviour and Trends in Charter Rates.
  • Worldscale
    • Where used and how applied;
    • How the System is Constructed and Maintained,
    • Benefits;
    • Evaluating the Competitive Position of US Exports using Worldscale
  • Developing a Chartering Strategy (Part 1)
    • Different Types of Charter;
    • Comparing Spot (Single Voyage) Freight Rates with Time Charter Rates;
    • Voyage Estimating
    • Time Charter Evaluation – Theory

Virtual Instructor-Led Session 2: July 29, 2020 at 11:00AM - 2:00PM  EST (New York)

  • Developing a Chartering Strategy (Part 2)
    • Time Charter Evaluation – Practical
  • Choice of Charter
    • From Owners’ and Charterers’ Perspectives
    • Advantages and Disadvantages of Different Types of Charter
    • Special Cases
  • Commercial Operating Strategies
    • Key Players’ Aims - Owners, Charterers and Brokers
    • Chartering Tactics
    • Tanker Pools
    • Speed Optimisation

Virtual Instructor-Led Session 3: July 30, 2020 at 11:00AM - 2:00PM  EST (New York)

  • Vessel Selection
    • Physical, Commercial and Approvals Constraints
    • Vetting
    • Oil Company ‘Approvals’
    • Information Sources
  • Monitoring the Marine Function
    • Investment, Physical, Technical, Commercial, Operational and Financial Performance
  • Profit Leakage
    • Risks to Charterers and Traders
    • Reputational, Criminal, Contractual, Operational, Price

WHO SHOULD ATTEND?

The supply, trading and risk management departments in oil, gas and petrochemical companies, the commercial and operations departments in the shipping affiliates or divisions of oil companies, the commercial and operations departments of ship owning companies, the planning and financial departments of shipping companies and oil company transportation divisions, banks and financial institutions involved in oil tanker, gas and chemical carrier finance, accountants and legal firms dealing with energy transportation issues, oil trading and distribution companies and management new to the transportation sector.

FACULTY

Charles Lawrie is a founding partner of Richardson Lawrie Associates, an independent firm of international maritime economists and business consultants established in 1987. He is responsible for the firm's consulting and retainer services in the crude oil, petroleum products and gas transportation sectors. He has spent 30 years in the oil and shipping sectors, more than 20 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.

UK: (+44) 1865 250521   |   USA: (+1) 713 343 1699   |   Singapore: (+65) 6722 3845

 

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