Tanker Chartering and Operations the Life of a Voyage

In (Netherlands)

£ 2,950 + VAT


  • Typology


  • Duration

    5 Days

  • Start

    Different dates available


The course covers the structure of the tanker market, how information is gathered and disseminated, how business is quoted and proposals are evaluated, and follows this with a comprehensive study of the post-fixture operations process.
Suitable for: This programme designed for chartering and operations staff who need to understand the fundamentals of the market. It will also suit those who feel that the would benefit from a more structured knowledge of the elements of chartering and post-fixture tanker operations.





Different dates availableNow taking bookings

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  • Freight
  • Market
  • Logistics Management
  • Supply Chain Logistics
  • Transport Logistics
  • Distribution Logistics
  • Transport Management

Teachers and trainers (2)

John Cohen

John Cohen

Tanker Shipping Consultancy Services

Following ten years in supply and distribution with Total in the UK, John spent seventeen years in broking and operations, managing and running a number of tanker broking companies. He joined Reuters in 1992 to develop information services for the transport markets and to manage their tanker shipping service. John has provided training for the shipping and energy markets in tanker chartering and operations for the last 15 years and, as well as running this course and participating, he lectures regularly both in the UK and abroad.

Ted Young

Ted Young

Ted Young Consultancy

Course programme

The objective of the course is in-depth understanding of the all procedures to be followed for chartering and operating vessel contracts. Role-play and hands-on workshop-style exercises will ensure that the delegates fully understand the reasons for the various decisions they have to take. They will also gain an increased awareness of the potential pitfalls. The course will deliver high-value information and also offer intense investigation of particular areas of controversy in operations. At the same time it will act as a feeder to other advanced courses that concentrate completely on a specific discipline (e,g, demurrage).



09:30 - 11:00 Introduction to the course and the course programme

Vessel characteristics and restrictions
• History of tanker development and types of tanker
• Tanker structure and main dimensions
• Capacity and draft (salinity, charts, tides)

11:00 - 11.30 Coffee break

11:30- 13:00 Vessel characteristics and restrictions (cont’d)
• Dimensions (length, beam, manifolds, LBP, PBL, etc)
• Tanks and lines (coatings, heating, IGS, segregations, WVNS, etc)
• Equipment (ropes, cranes, valves, etc)

• Elements of freight costs
• Understanding and calculating Worldscale
• Freight exercises

13:00 - 14:00 Lunch

14:00 - 15:30 Review of exercises

Commercial process
• Types of contract
• Market Research
• Quoting cargoes and vessels
• The Broker network

The Single Voyage Contract
• The fixture recap
• Analysing the recap
• Terminology and responsibilities

15:30 - 16:00 Coffee break

16:00 - 17:30 Shipping negotiations
- Role play
- Making chartering decisions
- Offers and counter-offers
- Voyage estimating
- Finalising the recap
- Lifting subjects

End of day exercise and close


Technical visits

08:00 leaving the hotel Hilton Rotterdam

08:30 Visit to Port of Rotterdam
General presentation, with special attention to nautical management and energy. Representative of Port of Rotterdam will be present to be able to answer specific questions on the oil and gas business. End with a visit to our Harbour Co-ordination Center, in which all movements of ships and actitivities with dangerous cargoes are monitored.

10:00 Visit Vopak Terminal Europoort BV
Delegates will have a bus tour through the terminal following by the general presentation about terminal capacity and services. Representative of the Vopak Terminal will be able to answer specific questions on the oil business.

11:30 Transfer to Rotterdam

12:00 Lunch. End of the day


Review of port visit
09:00 - 10:30 Pre-fixture and pre-loading operations
• Approvals (SIRE, CDI, etc)
• Checking the recap, recaps vs. CPs
• Considering CP Differences
• Monitoring and updating

10:30 - 11:00 Coffee break

11:00 - 13:00 Pre-fixture and pre-loading operations (cont’d)
• Stowage and cargo planning (WVNS, pump stack, slops, reducers)
• Early arrival implications
• Delays (weather, cancelling, canals and passages)

13:00 - 14:00 Lunch

14:00 - 15:30 Loading Operations
- Port characteristics and requirements
- Physical (port facilities, mooring arrangements, berth restrictions, etc)
o Administrative requirements (clearing, financial, legislative)
- Documentation (cargo, customs, Marpol, etc)
- Progress monitoring (itineraries and schedules)

15:30 - 16:00 Coffee break

16:00 - 17:30 Loading Operations (Cont’d)
- Arrival and NOR (laytime, free pratique)
- Berthing & Lightering (mooring, STS/Double-banking)
- Cargo handling
- Inspection & measurement
- Documentation (Bills of Lading, e-Docs
- Sailing instructions


09:00 - 10:30 Laden passage operations
- Vessel position/ETAs , onward orders
- Heating, vessel tracking,
- Distance and time, weather routing
- Deviation

10:30 - 11:00 Coffee break

11:00 - 13:00 Laden passage operations (cont’d)
- Detention and draft restriction
- Pilot charts
- River transits
- Changing Bills of Lading
13:00 - 14:00 Lunch

14:00 - 15:30 Laden passage operations (cont’d)
- Piracy
- LOIs
- Discharge orders
Discharge operations
- Arrival and NOR (laytime, free pratique)
- Berthing & Lightering (mooring, STS)
- Cargo handling (protests)
- Inspection & measurement (quantity quality, shortages)

15:30 - 16:00 Coffee break

16:00 - 17:30 Discharge operations (cont’)
- Documentation (BL revalidation)
- Slop disposal
- Pumping (warranties and compensation)
- Crude oil washing
- Marpol pre-wash
- Storage (land-based, floating, economics)


09:00 - 10:30 Post-discharge operations
- Invoices/claims (freight, deadfreight, deviation, detention
- Other claims (shifting, war risks, Worldscale terms)
- Time bars and supporting documents
- Voyage analysis (Trigonal)
- Dispute handling

10:30 - 11:00 Coffee break

11:00 - 13:00 Demurrage
- CP clauses interpretation
- Examples of clause application
- Demurrage calculation

13:00 - 14:00 Lunch

14:00 - 15:30 Time Charter and Shelltime 4
- Basic structure
- Trading Limits
- Hire and overtime
- Bunkers delivery/redelivery
- Subletting
- Final voyage
- Dry-docking
- Description and performance
- Bunkers quality

15:30 - 16:00 Coffee break

16:00 - 17:30 Electronic Bills of Lading
Price reporting
Review and questions session

Tanker Chartering and Operations the Life of a Voyage

£ 2,950 + VAT