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About
Trading and shipping working together is a fully online course for those dealing with oil trading and shipping.
International oil trading means moving crude oil and products on tankers.
Details of all of the techniques to support successful oil trading and shipping have been implemented into this 4-day virtual course led by two experts — an experienced ex-oil trader and a globally renowned shipping expert with over 47 years of practice in the industry.
The course content is designed as a means to give you a sound overview of how the shipping industry and the trading industry work in tandem to move oil around the world. The emphasis of the course is on sound commercial practice, drawing on the working knowledge and extensive experience of the course leaders.
Each session lasts 4 hours and the participants will share an online PowerPoint and live board explanations. The course is enhanced with practical sessions to provide you with hands-on experience in decision-making in this area and supported with real scenarios and worked examples.
Trading and shipping working together is a Virtual Course delivered through Zoom.
International oil trading means moving crude oil and products on tankers.
International oil trading means moving crude oil and products on tankers.
- How do traders hire tankers?
- How are the costs calculated?
- How important is the cost of shipping in the oil market?
Details of all of the techniques to support successful oil trading and shipping have been implemented into this 4-day virtual course led by two experts — an experienced ex-oil trader and a globally renowned shipping expert with over 47 years of practice in the industry.
The course content is designed as a means to give you a sound overview of how the shipping industry and the trading industry work in tandem to move oil around the world. The emphasis of the course is on sound commercial practice, drawing on the working knowledge and extensive experience of the course leaders.
Each session lasts 4 hours and the participants will share an online PowerPoint and live board explanations. The course is enhanced with practical sessions to provide you with hands-on experience in decision-making in this area and supported with real scenarios and worked examples.
Trading and shipping working together is a Virtual Course delivered through Zoom.
- Starts at: 9AM London | 1PM Dubai | 5PM Singapore
- Ends at: 2PM London | 6PM Dubai | 10PM Singapore
International oil trading means moving crude oil and products on tankers.
- How do traders hire tankers?
- How are the costs calculated?
- How important is the cost of shipping in the oil market?
What will you Learn?
- How to calculate freight rates
- What the charter party does and does not permit
- Vessel chartering
- The rules to follow in order to achieve a good negotiation
- To analyse the role of shipbrokers in assisting ship owners and operators to connect with cargo interests as charterers
- Bills of lading
- Laytime
Agenda
This session will cover vessel chartering. You will understand how to calculate freight
rates and also look at what the charter party does and does not permit. Both sessions
also include time to discuss operational issues which arise and how to deal with them.
Session 1: How much does it cost to ship oil?
How do shipowners calculate freight?
Shipping Markets and Prices
Chartering a Vessel: what do you pay?
Session 2: Financial Risks. How Trading and Shipping Work Together
*11:30 – 13:30 (with 15 min break)
Trading and Shipping Working Together
rates and also look at what the charter party does and does not permit. Both sessions
also include time to discuss operational issues which arise and how to deal with them.
Session 1: How much does it cost to ship oil?
- 09:00 -11:00 (with 15 min break)
- Owned and operated vessels and Bare Boat Charters
- Time Charters, Spot charters, COA’s
How do shipowners calculate freight?
- Prices of vessels
- Fixed operating costs
- Variable operating costs
Shipping Markets and Prices
- Supply and Demand for shipping
- What else drives prices?
Chartering a Vessel: what do you pay?
- Lump sum voyages
- Dollar per tonne or barrel
- Worldscale: flat rates and multipliers
Session 2: Financial Risks. How Trading and Shipping Work Together
*11:30 – 13:30 (with 15 min break)
- Financial Risks in Shipping: Exposure and Hedging
- Owning and Chartering Vessels
- Hedging: bunker prices and freight prices
Trading and Shipping Working Together
- Arbitrage: understanding risk and timing
- Options in trading: how is physical diƯerent from financial
- Which is important: cargo or vessel?
These sessions in the oil trading and shipping course will cover vessel chartering. You
will look at what the charter party does and does not permit, the responsibility of
owners and charterers in voyage/time charter trips.
Our course expert will outline the rules to follow in order to achieve a good negotiation
which will play in your favour.
Course participants will analyse the role of shipbrokers in assisting ship owners and
operators to connect with cargo interests as charterers.
Both sessions also include time to discuss operational issues which arise and how to
deal with them.
Session 1: Chartering Practice – Vessel Employment Methods
*09:00 – 11:00 (with 15 min break)
Session 2: How shipbrokers help traders and ship operators
*11:30 – 13:30 (with 15 min break)
will look at what the charter party does and does not permit, the responsibility of
owners and charterers in voyage/time charter trips.
Our course expert will outline the rules to follow in order to achieve a good negotiation
which will play in your favour.
Course participants will analyse the role of shipbrokers in assisting ship owners and
operators to connect with cargo interests as charterers.
Both sessions also include time to discuss operational issues which arise and how to
deal with them.
Session 1: Chartering Practice – Vessel Employment Methods
*09:00 – 11:00 (with 15 min break)
- Vessel Employment Methods
- Voyage Chartering
- Period Timechartering
- Trip Timechartering
- Longer Term Time Charter / Contracts of AƯreightment (COAs)
Session 2: How shipbrokers help traders and ship operators
*11:30 – 13:30 (with 15 min break)
- How shipbrokers help traders and ship operators
- Remuneration
- Fixture negotiations
- Methods used and knowledge required during negotiation
The Day 3 of the trading and shipping course content provides a detailed look at
frequently used common proforma voyage and time charter parties. The knowledge
acquired will help you to increase your understanding of these contracts.
A Bill of lading is one of the most important documents in the shipping and commercial
arenas. The course participants will learn the main functions of this document and
understand their importance to all the participants of a charter. The lecturer will also
discuss various international regulations which impact on careful and correct use of
these documents.
Session 1: Tanker Charter Parties
*09:00 -11:00 (with 15 min break)
Session 2: Bills of Lading
*11:30 -13:30 (with 15 min break)
frequently used common proforma voyage and time charter parties. The knowledge
acquired will help you to increase your understanding of these contracts.
A Bill of lading is one of the most important documents in the shipping and commercial
arenas. The course participants will learn the main functions of this document and
understand their importance to all the participants of a charter. The lecturer will also
discuss various international regulations which impact on careful and correct use of
these documents.
Session 1: Tanker Charter Parties
*09:00 -11:00 (with 15 min break)
- An overview of the main tanker Voyage
- The details of some clauses
- Voyage and Time Charter Parties for tankers
Session 2: Bills of Lading
*11:30 -13:30 (with 15 min break)
- Explanation and practical approach
- Various functions and their importance to all parties
- Endorsed Bills of Lading
- Identity of a “carrier” ~ ship owners and operators
- Signatories of Bills of Lading
- Letter of Credit
- Various bankers’ regulations
- UCP 500 v UCP 600 & ISBP
Laytime remains one of the most disputed areas of Charter Party operations: solutions
to laytime problems are usually practical rather than purely legal. The purpose of this
session is to show how such problems arise and how compromise is usually the best
way. A practical view is given in the solving and case handling of Charter Party disputes.
Session 1: Laytime & Demurrage calculations for tankers
*09:00 -11:00 (with 15 min break)
Session 2: Dispute Resolution Methods
*11:30 -13:30 (with 15 min break)
to laytime problems are usually practical rather than purely legal. The purpose of this
session is to show how such problems arise and how compromise is usually the best
way. A practical view is given in the solving and case handling of Charter Party disputes.
Session 1: Laytime & Demurrage calculations for tankers
*09:00 -11:00 (with 15 min break)
- Laytime – Definition and Purpose
- Documents –C/P and commercial contract clauses, NOR, SOF, Plog
- Laytime and demurrage calculations for tankers with major court cases and worked
- examples
Session 2: Dispute Resolution Methods
*11:30 -13:30 (with 15 min break)
- Mediation v Arbitration v Litigation
- Advantages and disadvantages
- Appropriate choices
- Governing Laws
Participants
Oil Traders
and Analysts
and Analysts
Chartering Managers & Operators
Shipbrokers
Post-Fixture & Operations Staff
Demurrage Analysts
Risk Managers
Practical Information
4-Day Full Course – TRADING & SHIPPING WORKING TOGETHER: 1650 GBP
Please note: UK-based companies are subject to 20% UK VAT
Please note: UK-based companies are subject to 20% UK VAT
The course fee covers:
- Participation at 16 hour Live Virtual Course
- The Course materials in e-version
- – Industry Certificate of IBH: 16 CPD hours
Payment options are available in two forms: bank transfer and card payment.
Zoom Delivery
Testimonials
It was good to learn
"Thank you for the great course. The instructor Jeffry’s explanations were clear, structured, and easy to follow. I genuinely learned a lot, and I appreciate the effort he put into making the virtual sessions so engaging. I will definitely look into other courses with IBH and the instructor."
Asset Manager
Aramco Trading Company
Thank you for the great course
"Thank you so much, it was interesting, sometimes challenging, sometimes fun
and very rewarding."
and very rewarding."
Specialist
Transport and Services
Certificate
Demonstrate your new skills and gain a step up in your career with globally recognised CPD certifications.
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Yes. Please send the full name, position and company name of new participant 48 hours before course date.
If you notify International Business House in writing or via email up to 30 days before the start date of the course, you will receive a full refund less an administration fee of 100£ of the course fee. In addition if you are unable to attend, the following cancellation charges will apply for written notice received:
If you are unable to attend a course, you are welcome to provide a delegate substitution, up to 24 hours prior to the course at no extra charge.
If you wish to transfer to a different course a 10% admin charge will be made if the transfer occurs between 10-29 days before the course.
If you fail to attend the course on which you are booked and have not given prior notice to International Business House then the course fee will remain payable in full.
This cancellation policy is necessary owing to the strict limitation on attendance numbers. IBH reserves the right to amend or cancel any course, course times, dates or published prices. Changes to course prices, times and dates will be advised 30 days before the course
- 14-29 days before the course: 50%.
- 1-14 days before: 100%.
If you are unable to attend a course, you are welcome to provide a delegate substitution, up to 24 hours prior to the course at no extra charge.
If you wish to transfer to a different course a 10% admin charge will be made if the transfer occurs between 10-29 days before the course.
If you fail to attend the course on which you are booked and have not given prior notice to International Business House then the course fee will remain payable in full.
This cancellation policy is necessary owing to the strict limitation on attendance numbers. IBH reserves the right to amend or cancel any course, course times, dates or published prices. Changes to course prices, times and dates will be advised 30 days before the course
IBH reserves the right to amend or cancel any course, course times, dates or published prices. Changes to course prices, times and dates will be advised before the course start date and any course already paid in full will not be subject to the increased price.
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Chris
He has extensive experience in trading oil and energy in Europe, Africa, the Middle East
and Asia during a career that spanned eighteen years.
He has worked for oil majors, top trading houses and investment banks. His experience
was rounded out with:
and Asia during a career that spanned eighteen years.
He has worked for oil majors, top trading houses and investment banks. His experience
was rounded out with:
- several years of trading derivatives for investment banks in the Asia-Pacific region;
- trading for refining systems as well as the challenges of running proprietary physical trading books in Europe, Africa, and Asia;
- acting as an expert witness on trading, markets, and quantum settlement in disputes on cargoes and contracts.
Jeffrey
Your trainer for the shipping part of the programme has been involved in shipping and
trading for more than 50 years.
He is the fourth generation of a shipping family, has been a member of the Baltic
Exchange since 1976 and has worked with Lloyd’s underwriter and as a shipbroker, ship
owner, gasoil futures broker, charterer and commodities trader in London and abroad.
Providing maritime and commodities commercial claims consultancy and bespoke
corporate training worldwide.
He has been arbitrating on maritime disputes since 1994. He is a Fellow of the Institute
of Chartered Shipbrokers, a Fellow of the Chartered Institute of Arbitrators and a Visiting
Professor at the IMO’s World Maritime University in Malmo and at Shanghai Maritime
University.
trading for more than 50 years.
He is the fourth generation of a shipping family, has been a member of the Baltic
Exchange since 1976 and has worked with Lloyd’s underwriter and as a shipbroker, ship
owner, gasoil futures broker, charterer and commodities trader in London and abroad.
Providing maritime and commodities commercial claims consultancy and bespoke
corporate training worldwide.
He has been arbitrating on maritime disputes since 1994. He is a Fellow of the Institute
of Chartered Shipbrokers, a Fellow of the Chartered Institute of Arbitrators and a Visiting
Professor at the IMO’s World Maritime University in Malmo and at Shanghai Maritime
University.
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