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  •

 


•  VIRTUAL COURSES  •


ONLINE COURSE: Trading and Shipping Working Together

20 - 23 September 2021

DAY 1:  20 September


This session will cover vessel chartering. You will understand how to calculate freight rates and also look at what the charter party does and does not permit. Both sessions also include time to discuss operational issues which arise and how to deal with them.

Session 1: How much does it cost to ship oil? 
09:00 -11:00 (with 15 min break)

How are oil tankers chartered?
-Owned and operated vessels and Bare Boat Charters
-Time Charters, Spot charters, COA’s 

How do shipowners calculate freight?
-Prices of vessels
-Fixed operating costs
-Variable operating costs 

Shipping Markets and Prices
-Supply and Demand for shipping
-What else drives prices? 

Chartering a Vessel: what do you pay?
-Lump sum voyages
-Dollar per tonne or barrel
-Worldscale: flat rates and multipliers

30 min Break

Session 2: Financial Risks. How Trading and Shipping Work Together
11:30 -14:00 (with 15 min break)

Financial Risks in Shipping: Exposure and Hedging

Owning and Chartering Vessels
Hedging: bunker prices and freight prices

Trading and Shipping Working Together

 

Arbitrage: understanding risk and timing
Options in Trading:  how is physical different from financial?
Which is more important:  the cargo or the vessel?
Duration: 4 hours

 

 

 


DAY 2:  21 September


These sessions will cover vessel chartering. You will look at what the charter party does and does not permit, responsibility of owners and charterers in voyage/time charter trips. Our course expert will outline the rules to follow in order to achieve a good negotiation which will play in your favour. Course participants will analyse the role of shipbrokers in assisting ship owners and operators to connect with cargo interests as charterers.

Both sessions also include time to discuss operational issues which arise and how to deal with them.

Session 1: Chartering Practice - Vessel Employment Methods
09:00 -11:00 (with 15 min break)

Vessel Employment Methods
- Voyage Chartering
- Period Timechartering
- Trip Timechartering
- Longer Term Time Charter / Contracts of Affreightment (COAs)


30 min Break

Session 2: How shipbrokers help traders and ship operators
11:30 -13:30 (with 15 min break)

- How shipbrokers help traders and ship operators
- Remuneration
- Fixture negotiations
- Methods used and knowledge required during negotiation

Duration: 4 hours


DAY 3:  22 September


The Day 2 content provides a detailed look at frequently used common proforma voyage and time charter parties. The knowledge acquired will help you to increase your understanding of these contracts.

A Bill of lading is one of the most important documents in the shipping and commercial arenas. The course participants will learn the main functions of this document and understand their importance to all the participants of a charter. The lecturer will also discuss various international regulations which impact on careful and correct use of these documents.

Session 1: Tanker Charter Parties
09:00 -11:00 (with 15 min break)

- An overview of the main tanker Voyage
- The details of some clauses
- Voyage and Time Charter Parties for tankers

30 min Break


Session 2: Bills of Lading
11:30 -13:30 (with 15 min break)

- Explanation and practical approach
- Various functions and their importance to all parties
- Endorsed Bills of Lading
- Identity of a “carrier” ~ ship owners and operators
- Signatories of Bills of Lading
- Letter of Credit
- Various bankers’ regulations
- UCP 500 v UCP 600 & ISBP

Duration: 4 hours

 

 


 

DAY 4:  23 September


 

Laytime remains one of the most disputed areas of Charter Party operations: solutions to laytime problems are usually practical rather than purely legal. The purpose of this session is to show how such problems arise and how compromise is usually the best way.  A practical view is given in the solving and case handling of Charter Party disputes.

Session 1: Laytime & Demurrage calculations for tankers
09:00 -11:00 (with 15 min break)

- Laytime – Definition and Purpose
- Documents –C/P and commercial contract clauses, NOR, SOF, Plog
- Laytime & Demurrage calculations for tankers with major court cases and worked examples

30 min Break


Session 2: Dispute Resolution Methods
11:30 -13:30 (with 15 min break)

- Mediation v Arbitration v Litigation
- Advantages and disadvantages
- Appropriate choices
- Governing Laws

Duration: 4 hours

 


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