The Chemicals Shipping Market - Chartering and Operations (CLASSROOM) - TD3
The Asian region is the fastest growing area for chemical production and trade. Shipping is a vital part of the supply chain in the chemical sector and as such is a key element in the profitability, marketing and safe transportation of the commodities involved. 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 combines lectures from senior professionals and carefully structured exercises, case studies and workshops. The course is designed to enhance the business knowledge of commercial, operational and financial personnel from ship-owning and operating companies, chemical producers and traders, banks and financial institutions.
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?
Commercial, operational and financial personnel from ship-owning and operating companies, chemical producers, chemical trading and distribution companies. Personnel from banks and financial institutions involved in chemical shipping, accountants and legal firms dealing with chemical transportation issues and management new to the transportation sector.
The Chemical Tanker Market
- The size and structure of the market, trade flows, supply side issues, rates and earnings, the interface with the clean petroleum products sector
Chemical Transportation Economics
- Operating costs, economies of scale
- The participants undertake voyage estimating with spot and COA calculations
IMO Regulations, Cargoes and Ships
- The Latest Developments
- Types of vessels required to fix chemical cargoes, the relevance of international regulations to ship design and operation.
Managing Operational Risk and Chemical Carrier Vetting
- The importance of risk assessment and the factors to be considered in the management of operational risk; the use of uniform inspection protocols and their advantages in a business environment defined by commercial as well as safety requirements
Psychology and Techniques of Successful Negotiation
- Preparation, steps and stages, strategic considerations, negotiating theory and tactics
- Role-play through a Negotiating Workshop
The Advantages and Disadvantages of Various Contract Options
- Organisational aspects of different types of chartering arrangements including time charters, COAs and spot, the responsibilities of the individual parties; vessel acquisition options
Business Coverage and Competition Strategies
- A case study developing chartering strategies and negotiating shipping cover under varying market conditions from both the chemical company and shipping company perspective.
Key Charter Party Clauses - Commercial Aspects
- An analysis of COA and ASBATANKVOY C/P clauses which commonly give rise to different interpretations and a comparison of some recent Charterers Standard Clauses
Chemical Tanker Demurrage
- An outline and of the incidence and calculation of demurrage, including the pro
- rating procedures used in multi
- grade chemical tanker operations.
- Participants will undertake exercises covering transportation economics, negotiating and demurrage. Syndicates will also compete to develop optimum strategies for shipping and chemical companies.