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Course Level
Advanced
Delivery Method
Classroom Instructor-Led Course
Professional Development Credit Hours
24
Pre-requisites
Recommended: Tanker Ownership, Chartering and Operations, or equivalent knowledge.

"The practical sessions were great to fix all we learned from the presentations. The information exchanged and experiences shared were very helpful." Nigeria LNG Ltd


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.

Tanker Ownership and Chartering - Advanced Strategies and Risk Management (CLASSROOM) - TD4


Course Summary

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

  • Understanding of the key issues facing players in today 's oil tanker markets and how companies are responding
  • Risk management through the futures and period charter markets
  • Successful contract negotiating
  • Strategies for improving operating returns
  • Some key decisions from cases in maritime law

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?

  • Understanding of the key issues facing players in today 's oil tanker markets and how companies are responding
  • Risk management through the futures and period charter markets
  • Successful contract negotiating
  • Strategies for improving operating returns
  • Some key decisions from cases in maritime law

Who Should Attend?

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.


Course Content

Latest Industry Developments and Outlook

  • What is currently driving the markets
  • Implementation of IMO legislation and charterers ' requirements
  • Charter rates and prices

Freight Futures

  • Options and hedging strategies
  • Managing risk
  • Quantifying your position
  • The paper and physical markets

Tanker Pools

  • Strategies for improving the bottom line
  • Advantages and disadvantages
  • The criteria for successful pool operations

Period Charters

  • Negotiating contracts of affreightment (COAs)
  • Key contract clauses
  • COAs versus timecharters
  • Time charter parties

Case Studies on Maritime Law

  • Workshop studying actual cases
  • Some pitfalls to be avoided
  • The commercial impact

Improving Operating Performance

  • Benchmarking
  • comparing operating costs, practices and performance
  • Improving voyage economics through optimum bunkering strategies

Syndicate Work

  • There will be several exercises and case studies for syndicate groups

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