International Business House

International Business House is the trusted global provider of business intelligence through conferences and training to the world’s leading OIL & GAS businesses.

 


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COURSE: Trading and Shipping Working Together

15 - 18 April, Singapore

 

PROGRAMME:


DAY 1


CONTRACTS:

• The commercial contract: where is shipping involved?
• The Charter-party: are they all the same?
• Various types of charter-party: voyage, time charter, bare boat, COA
• Charterer's obligations, Shipowner's obligations: who has todo what?

SHIPPING OPERATIONS:

• STS operations: What are the risks? What are the rules?
• Blending on board: Can it be done? Should it be done?
• Stowage and cargo planning: does it matter how or what you load?

 OPERATIONAL ISSUES:

• Notices: What is an NOR? Are there other notices?
• Berthing and lightering: who is responsible for getting to the berth?
• Inspection and measurement: where is oil measured? Where do losses occur?


DAY 2


CALCULATING FREIGHT COSTS:

• Lump sum voyages: What is the real cost of freight?
• Worldscale rates: How are they used?
• AFRA rates and freight risk

RISK IN SHIPPING:

• Financial risk and price risk: What are they?
• Hedging bunkers: Should we? Can we?
• Hedging freight costs: Freight Forward Agreements

CHARTERERS LIABILITY INSURANCE


DAY 3 


DOCUMENTATION

• Tanker Bills of lading: explanation and practical approach
• Governing conventions
• Letters of indemnity
• Delivery without bill of lading
• Changing bills of lading
• Multiple originals
• A time charter ship
• INCOTERMS 2000 v 2010

WHO IS WHO IN SHIPPING

• The parties involved: Charterer – Broker – Owner
• What do they do, who are they?
• Remuneration
• Choice of vessel (exercise)
• Typical example for a spot vessel
• Check list for charterer and owner
• Typical Recap

CHARTERING – STEP BY STEP

• How to make a charter – 10 steps
• Shipping negotiations
• Timing of chartering in the trade deals
• Offers and counter-offers
• Finalising the recap
• Lifting subjects
• Making chartering decisions

IMO (International Maritime Organization)

Bulk Codes and how these affect shipping

Vessel terminology and measurement definition

Freight System / Baltic Dirty Tanker Index /  WorldScale 

 


DAY 4 


 LAYTIME AND DEMURRAGE:

• What is laytime and why does it matter?
• Why is demurrage a major risk for trading?
• Managing demurrage risk
• Demurrage and laytime in the commercial contract and the charter-party

Worked calculations and examples for / from delegates

 

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