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.

 


•  OPEN TRAINING  •

 


•  IN-HOUSE TRAINING  •

 



COURSE: Trading and Shipping Working Together

11 - 15 November, 2019 Amsterdam/Rotterdam, the Netherlands

 

PROGRAMME:


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 - Visits


THE PORT OF ROTTERDAM

The Harbour Coordination Centre – arrivals and departures of vessel

Highlights from Ronald Backers, Business Intelligence Liquid Bulk, Port of Rotterdam on the main developments in Rotterdam and potential impact of the 2020 for the Port followed by visit to the Harbour Coordination Centre.

 VOPAK TERMINAL EUROPOORT BV

 Ready for IMO 2020

IMO 2020 will impact global fuel oil and bunker markets causing transition challenges and resulting new opportunities. See how the world’s leading independent tank storage Royal Vopak investing to make its terminals suitable for low-sulphur fuel and will be fully ready to support new market requirements in 2020.

 


DAY 4 


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 5 


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

 

INSTRUCTORS  HOW TO ATTEND   REGISTER NOW


« back