The course explores chartering fundamentals, from types of charters and key contractual clauses to financial aspects such as Worldscale pricing, laytime, and demurrage. Participants gain insight into regional and inter-regional trade flows, vessel economics, and the supply-demand dynamics shaping freight markets. The program also addresses quality control, regulatory compliance, safety in cargo handling, and essential documentation, equipping professionals with the knowledge to manage operations, contracts, and disputes effectively.

Course overview

Types of Cargoes and Vessels

• Crude Oil transportation fundamentals
• Clean Petroleum Products (CPP) and Dirty Petroleum Products (DPP) vessel operations
• LNG, LPG, Chemicals, and Vegetable Oil movement
• Overview of tanker types and operational specialization.

Vessel Chartering Fundamentals

• Charter types: Bareboat, Time, and Voyage—implications for tanker contracts
• Charter Party forms and relevant clauses for oil industry logistics
• Financial elements typical of oil tanker charters, including Worldscale pricing
• Laytime and Demurrage: calculating, compliance, and dispute resolution in the oil trade.

Regional Liquid Cargo Trade

• Inter-regional and regional oil trade flows across the Middle East, Africa, and Indian Subcontinent
• Evolution of oil supply chains and recent industry trends
• Operational challenges and opportunities in oil logistics.

Vessel Economics & Supply Demand

• Key factors affecting freight markets for oil tankers
• Supply-demand analysis for various cargo segments
• Risk mitigation strategies for shipping and chartering operations.

Specialised Additions

Quality Control and Regulatory Compliance

• Standard procedures for liquid cargo measurement and quality assurance
• Regulatory frameworks impacting oil cargo transport (e.g., MARPOL, local regulations)
• Safety protocols during oil transfer operations and cargo management.

Operational Documentation

• Essential documentation in oil tanker operations (Charter Party, Bills of Lading, cargo journals)
• Claims handling and dispute management for oil quality/quantity discrepancies.

Moderator

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