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Course Level
Intermediate
Delivery Method
Classroom Instructor-Led Course
Professional Development Credit Hours
Pre-requisites
Recommended: Fundamentals of Oil, Petrochemicals and Gas Shipping, or equivalent knowledge.

"Good exposure and learned a lot!" Petronas

Faculty

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.

Ian Garton Senior Consultant and Head of Research with Richardson Lawrie Associates, working on all aspects of the company’s business for over 15 years. He has been responsible for maintaining market information on the oil, gas and chemicals transportation sectors, analysing trends in the energy and shipping markets and preparing the company’s monthly and quarterly tanker market outlooks. He is responsible for developing and maintaining our Pool Revenue Distribution models in the oil, chemicals and dry bulk markets. Other work along these lines includes working on fleet and cargo coverage strategies, feasibility studies, and due diligence evaluations of other Pool models for a range of companies including private and confidential arrangements. Ian has been heavily involved in producing the background evaluations and analysis required for expert witness cases. He has been a regular speaker on management training programmes and workshops.

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.


The Chemicals Shipping Market - Chartering and Operations (CLASSROOM) - TD3

Course Summary

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.

Course Content

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.

Syndicate Work

  • Participants will undertake exercises covering transportation economics, negotiating and demurrage. Syndicates will also compete to develop optimum strategies for shipping and chemical companies.

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