Tanker Operations and Demurrage Contract
Who should attend:
The course is structured in such a manner that it is suitable for a wide range of professionals in the oil & gas, shipping and maritime industries, as well as government, finance, legal and other organisations such as.
- Personnel involved directly or indirectly with oil, gas and LPG exploration, refining, trading and marketing operations
- Traders, charterers, shipping and maritime operations staff
- Negotiators, Engineers, Planners, Economists, Lawyers, etc
4 days
Course aims:
This four-day programme will provide participants with a comprehensive overview of the Sea Vessels Operations & Demurrage Control. Including
The fundamentals of physical tanker operations, cargo operations, pollution laws, voyage costing, chartering, regulatory bodies and industry organizations. The details complexities and difficulties involved in marine custody transfer operations, measurement and loss control from both ship and shore perspectives, and reviews the latest industry standards in these areas
Key clauses of widely used charter parties, basic calculation of laytime and demurrage and charter hire under various types of charters, and the mechanics of an arbitration
Course benefits:
Course outline:
- Overview of the vessel operations and contract
- Market structure
- Ocean tankers – types and characteristics
- Freight and Worldscale
- Basic principles of chartering and types of charter; charter party terms
- Negotiations and analysis of voyage contract
- Bunker fuel supply
- Loadlines, example calculations
- Security and the environment: international organisations and protocols, industry and charter party terms
- Voyage orders
- Port operations - loading/discharge
- Vessel operations at sea; change of destination, deviation
- Insurance
- The role of supply operations
- Laytime and demurrage - definitions, principles, contract clauses, calculations, etc
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