Tanker Chartering and Operations the Life of a Voyage
Course
In (Netherlands)
Description
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Type
Course
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Duration
5 Days
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Start date
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.
Facilities
Location
Start date
Start date
Reviews
Subjects
- Freight
- Market
- Logistics Management
- Supply Chain Logistics
- Transport Logistics
- Distribution Logistics
- Transport Management
Teachers and trainers (2)
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 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).
PROGRAMME:
DAY1
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)
Worldscale
• 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
DAY2
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
DAY 3
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
DAY 4
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
- IWL/INL, SECA
- 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)
DAY 5
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