In-person: Tanker Chartering & Voyage Management

PROGRAMME 

DAY 1.

INTRODUCTION TO THE COURSE

Vessel  characteristics  and  restrictions

• History of tanker development  and  types of tanker
• Tanker  structure  and  main  dimensions
• Dimensions (length, beam, manifolds, LBP, draft, air draft, WLTHC, etc)
• Tanks and lines (coatings, heating, IGS, segregations,WVNS, etc)
• Equipment  (ropes,  cranes,  etc)
• Capacity and draft (loadlines, salinity, charts, tides)
• Capacity and draft exercise

Worldscale

• Elements of freight costs
• Understanding and calculating Worldscale
• Differences with small tankers
• Worldscale  Freight  exercises
• Review  of  exercises

Commercial  process

• Types of contract
• Market Research
• Quoting cargoes and vessels
• The role of the shipbroker and networking

The Single Voyage Contract

• The fixture recap
• Analysing the recap

• Terminology and responsibilities

  Shipping negotiations (role play)

• Making  chartering  decisions
• Timing of chartering in the trade deals
• Offers  and  counter-offers
• Freight  calculation  (exercise)
• Voyage  estimating  (exercise)
• Finalising the recap
• Lifting subjects

End of day exercise – vessel/cargo fixing game

DAY 2.

PRE-LOADING OPERATIONS

Pre-fixture  and  pre-loading  operations

• Approvals (SIRE, CDI, etc) and vetting
• Checking the recap vs. CPs
• Considering CP Differences
• Monitoring and updating
• Port/Terminal clearance (technical, commercial,age) + SSSCL potential issue
• Stowage and cargo planning (WVNS, pump stack,slops, reducers)

Pre-fixture and pre-loading operations (cont’d)

• Early/late  arrival  implications
• Delays (weather, cancelling, canals and passages) 
•  General test
• Review of test

Loading  Operations

• Port characteristics and requirements
• Physical (port facilities, mooring arrangements, berth restrictions, etc)
• Administrative requirements (clearing, financial,legislative)
• Documentation  (cargo,  customs,  Marpol,  etc)
• Progress  monitoring  (itineraries  and  schedules)

Loading  Operations  (Cont’d)

• Arrival and NOR (laytime, free pratique)
• 4 Ws
• Berthing & Lightering (mooring, STS/Double- banking)
• Cargo handling
• Inspection & measurement
• Documentation (Bills of Lading, e-Docs)
• Sailing  instructions

DAY 3. 

Laden passage operations

• Vessel  position/ETAs,  onward  orders
• Heating,  vessel  tracking,
• Distance and time, weather routing
• Deviation

Laden  passage  operations  (cont’d)

• Pilot charts
• IWL/INL, SECA
• River transits
• Detention and draft restriction
• Piracy
• Changing Bills of Lading
• LOIs
• Discharge  orders

Discharge operations

• Arrival and NOR (laytime, free pratique)
• Berthing & Lightering (mooring, STS)
• Cargo handling (notes of protest / back pressure)
• Inspection & measurement (quantity, quality, shortages)

Discharge operations (cont’)

• Documentation  (BL  revalidation)
• Slop disposal
• Pumping (warranties and compensation)
• Crude oil washing
• Marpol  pre-wash

DAY 4. Technical visits