in-Person: Trading and Shipping Working Together

INTRODUCTION

This course 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 the oil round the world. 

The emphasis of the 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 looking at what the charter party allows and does not. The final 2 days is 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 hand-s on experience on decision making in this area.

WHO IS THIS COURSE FOR?

The 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

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

The course participants will be issued 32 CPD credits International Business House Certificate.