oil-trading-shipping-course-training-oil-and-gas-ibhouse.net

£3,750.00

Trading and Shipping Working Together

17 - 20 February 2025

Dubai

Introduction
Agenda
Participants
Instructors
Price
Certificate

Introduction

The Oil Trading and Shipping course is designed as a means to give you a sound overview of how the shipping and the trading industry work in tandem to move oil around the world.

The emphasis of the oil trading and shipping course is on sound commercial practice, drawing on the working knowledge and experience of the course experts.

You will understand how to calculate freight rates and demurrage by looking at what the charter party allows and does not. The final 2 days are set aside for operational issues that arise and how to deal with them.

The course is enhanced with the practical sessions to provide you with hands-on experience in decision-making in this area.

You will learn how to?

Understand key issues facing players in today’s energy shipping markets
Calculate shipping requirements, such as Worldscale, calculate freight costs, undertake voyage estimate, and time charter conversions
Know the process of tanker chartering and the role of the broker
Evaluate the options available for oil, products and bulk liquid chemicals transportation
Estimate freight rates for potential business
Understand the essential elements of a voyage charter party and the differences in owners’ and charters’ obligations under different forms of charter
Participate in the preparation for, and the conduct of, charter party negotiations

Agenda

Day 1

Contracts:
– The commercial contract: where is shipping involved?
– What is a contract and why do we need one?
– Key Clauses and their value
– Incoterms
– Disputes and Resolutions
– Brokers and Traders

Practical Exercises:
– Checking deals and contracts
– Understand the value of tolerance
– Force Majeure

OPERATIONAL ISSUES:
– Notices: What is a 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?
– World Scale and shipping rates
– AFRA rates and freight risk
– Shipping and trading

Practical Exercises:
– Calculating shipping costs
– Using the World Scale and
– Calculating rate and freight invoices
– Choosing a ship

RISK IN SHIPPING:
– Financial risk and price risk: What are they?
– Hedging bunkers: Should we? Can we?
– Hedging freight costs: Freight Forward Agreements

MANAGING PRICE RISK:
– Understanding Exposure
– Examination of gasoil and fuel oil pricing: ICE and the Platts Window
– SWAPS: hedging, futures, swaps, and differential swaps
– Managing bunker prices
– Moving oil from A to B

Practical Exercises:
– Long, Short or Flat: understanding price risk
– Understanding Risk: when does price risk occur?
– Simple hedging with swaps and futures
– Price discovery for bunkers: MDO and HSFO

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
– A time charter ship
– INCOTERMS 2000 v 2010

WHO IS WHO IN SHIPPING?
– The parties involved: Charterer – Broker – Owner
– 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
– Making chartering decisions

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

Participants

Oil Trading and Shipping course is aimed at anyone who works in either the chartering or operational side of the oil tanker sector of the maritime industry:

Traders
Commercial and Operational personnel
Transportation Management
Chemicals producers, trading and distribution companies
Personnel from banks and financial institutions, accountants and law firms

This course will be beneficial in my day-to-day work. I feel that I have sharpened my skills and am more confident in my using the various tools recommendations it my customers.

Socar Trading, Switzerland

Great course. I’ve acquired new information, which is very relevant to my work.
Petrobras Global Trading B.V. was good to learn theory and then instantly try practically. It was fun to actually put into practice what you learned.

Petrobras Global Trading B.V.

Great course. I’d recommend it to anyone interested in shipping or trading

Aramco Trading

Course Gallery

oil-trading-and-shipping-course-traning-oil-and-gas-ibhouse.net

Instructors

Jeffrey

Your trainer for the shipping part of the programme has been involved in shipping and trading for more than 45 years. He is the fourth generation of a shipping family, has been a member of the Baltic Exchange since 1976 and has worked with a 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.

Chris

Your trainer for the trading part of the programme 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:
– 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.

Price

Course price

Partipication Fee: £3750
Early Bird Rate – £3350 till 24 Nov 2024

What’s included?

The course fee covers:
– Participation in the Oil Trading and Shipping Working Together course
– Course materials in hard copy and e-version
– Lunches and coffee breaks during the programme
– 32 CPD credits Internationally Recognised Certificate of the International Business House

Payment options

Payment options are available in two forms: bank transfer and card payment.

Course Venue

Course Venue: to be confirmed

Travel and Accommodation

We provide the convenience of reserving accommodation, which is not part of the delegate package. For further details, please don’t hesitate to contact us by e-mail address (office@ibhouse.net).

Certificate

Demonstrate your new skills and gain a step up in your career with globally recognised CPD certifications.

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Available Locations

Course Date

Clear

*Special group enrolment pricing

Fidan Abdullayeva
Project Coordinator
+442071834507
fidan.abdullayeva@ibhouse.net

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IBH Frequently Asked Questions

Online: Choose the course you wish to register: Click the "REGISTER NOW" button in the course page, complete the form and click submit.
Email: Send us your course details with the delegates information at office@ibhouse.net
Telephone: Please call us on our Tel No: +44 (0) 207 183 4507 or Mob No: +44 7932 572866 to reserve your seats.

For corporate fees and group registration, please send your query to office@ibhouse.net

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We will send you the invoice within 48 hours of receipt of registration. If you do not received your invoice within this time, please send us an email office@ibhouse.net

We will send you the confirmation by email within 24 hours after you registration.

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: 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.

IBH proved delegates with visa support letters once payment has been received.
Please send us to office@ibhouse.net the following information:

Your copy of passport
Company name
Position

If you registered with accommodation IBH will also provide you with hotel booking confirmation. For more information about visa procedure please visit our website or call us +44 (0) 207 183 45 07. Should your visa application be declined, we will provide a full refund of the payment.

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