Tanker Ownership and Chartering - Advanced Strategies and Risk Management is a three-day instructor-led course presented by the energy training experts at Mennta Energy Solutions. Building on the knowledge gained in "Tanker Ownership, Chartering and Operations" (TD2), this three-day course offers delegates a more in-depth exploration of contracts and pricing issues surrounding the tanker industry. The course focuses on the implementation of tactics and practical strategies for enhancing commercial returns and business performance in tanker transportation - both from charterers' and owners' perspectives. It looks at how commercial risks may be hedged using freight futures or by entering into period charter agreements. Negotiating techniques and the key elements of contracts of affreightment are examined and discussed. A legal workshop provides a series of case studies designed to highlight some of the more common events impacting on commercial operations.
The course also looks at how companies have looked to improve their competitive positions through benchmarking and the development of tanker pools. In a high oil price environment, delegates learn how to improve voyage economics through optimising bunkering strategies.
The course emphasises sound commercial practice, drawing on the working knowledge and experience of the various industry speakers. Case studies and practical sessions provide delegates with hands-on experience of decision making in this area. While not essential it would be preferable for participants to have already attended "Tanker Ownership, Chartering and Operations" (TD2).
What you will learn
Presented in association with Richardson Lawrie Associates (RLA) - a maritime economics and business consulting firm with an extensive global practice in oil, gas and chemicals transportation.
What Will You Learn?
Delegates encouraged to attend include the supply, trading and risk management departments in oil companies as well as the commercial and operations departments in the shipping affiliates or divisions of oil companies. Also, the commercial and operations departments of ship owning companies and the planning and financial departments of shipping companies and oil company transportation divisions are urged to attend. Additionally, banks and financial institutions involved in oil tanker finance, accountants and legal firms dealing with energy transportation issues, oil trading and distribution companies and management new to the transportation sector will find the programme valuable.
Latest Industry Developments and Outlook
Case Studies on Maritime Law
Improving Operating Performance