Chartering in the Tanker Industry (VIRTUAL CLASSROOM) - TDV 

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

Course Date Duration Venue Price Registration Deadline Register
19 May 2021 3 Days Globally Online - New York City & London Time Country: us
$ (USD)1,395.00
19 Apr 2021
11 Aug 2021 3 Days Globally Online - London & Singapore Time Country: sg
$ (USD)1,395.00+7%GST
9 Jul 2021

 SESSION SCHEDULE

 

19-21 May 2021
 New York City Timing  London Timing
Session 1: 19 May 2021  
 10:00am - 1:00pm EST  15:00 - 18:00 BST
Session 2: 20 May 2021
 10:00am - 1:00pm EST  15:00 - 18:00 BST
Session 3: 21 May 2021 
 10:00am - 1:00pm EST  15:00 - 18:00 BST

 

11-13 August 2021
 Singapore Timing  London Timing
Session 1: 11 August 2021  
 2:00pm - 5:00pm SGT  6:00 - 9:00 BST
Session 2: 12 August 2021
 2:00pm - 5:00pm SGT  6:00 - 9:00 BST
Session 3: 13 August 2021 
 2:00pm - 5:00pm SGT  6:00 - 9:00 BST

COURSE SUMMARY

This intensive, nine hour on-line instructor led seminar is spread over three days, held in association with Richardson Lawrie Associates Ltd. 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.

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.

 

COURSE CONTENTS

Virtual Instructor-Led Session 1:

  • 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:

  • 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:

  • 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, 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.

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.

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