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Course Level
Introduction
Delivery Method
Classroom Instructor-Led Course
Professional Development Credit Hours
24
Pre-requisites
There is no pre-requisite for this course.


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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Accreditations

NASBA: Mennta Energy Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org

CPD Certification Services: The CPD Certification Service works with Mennta Energy Solutions to ensure valuable knowledge is structured to complement the universal guidelines of Continuing Professional Development. Mennta Energy Solutions courses are approved by CPD at one credit per training hour.

BAC: Mennta Energy Solutions is pleased to be endorsed by the BAC for Independent Further Education as a Short Course Provider. Endorsement covers courses delivered in the UK only.

GARP: Mennta Energy Solutions is registered with GARP as an Approved Provider of Continuing Professional Development (CPD) credits.

International LPG Trading and Pricing - Supply, Shipping Contracts and Risk Management (CLASSROOM) - LP2


Course Summary

International LPG Trading and Pricing- Supply, Shipping Contracts and Risk Management is a three-day instructor-led course presented by the energy training experts at Mennta Energy Solutions. This course aims to provide a thorough understanding of the international supply and economic factors affecting LPG marketing and trading. Presented in association with Richardson Lawrie Associates - a maritime economics and business consulting firm with extensive global practice in chemicals trade, shipping and transportation economics. The course will analyse "workshop style", the international production and consumption outlook, pricing fundamentals, logistical needs and the available tools for price risk management.

What You Will Learn

  • Regional LPG production developments and the economic and political factors affecting LPG trading and marketing
  • The key role of shipping and terminals and alternative product trading strategies
  • The different forms of sale and purchase contracts and charter parties
  • The techniques of LPG trading, hedging and price risk management

Please note: a laptop and up-to-date version of Office would be an advantage in order to engage in market data; however it is not essential.


Who Should Attend?

This specialised course is for executives involved, directly or indirectly, with LPG supply, operations, shipping and international trading. Also, managers wanting a structured LPG business management training programme.


Course Content

Worldwide Business and Supply Sources

  • Regional trends and key international markets
  • Global LPG supply/demand balances and project developments

Understanding the Market

  • LPG distributor businesses: for domestic, commercial and transport
  • Large volume outlets: refinery alkylation, gasoline components and petrochemicals; pricing, economics and competitive options
  • Size of international trade and trade flow patterns

Shipping

  • Ship owners, ship types, and balances
  • Fleet development, flexibility, economics

Terminals and Storage

  • Seaboard facilities in operation
  • Use, regional deficiencies, world trade effect and implications; economics
  • Pipeline Distribution of LPG
  • The North American NGL market, terminals and pipeline system
  • Other LPG pipelines

The Trading Business

  • Major players
  • Buyer/seller strategies
  • Factors affecting trade

Creative International Trading

  • Physical, forward and futures markets
  • Deal types and techniques
  • Negotiating and decision making

LPG Pricing in World Markets

  • Key locations, formulae, rationale and durability
  • Netback analysis and arbitrage

Price Risk Management

  • Pricing and payment instruments; options and hedging strategies; finance and credit

Case Studies

  • There will be several case studies for work syndicates

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