Dive deep into the world of Tankers’ shipping. This practical course is designed to provide you with a robust understanding of the entire Tankers chartering process, from initial inquiry to final documentation.
To ensure a seamless learning experience, our course is delivered by seasoned industry professionals, with instruction available in both English and Arabic.
Full Details
Module 1
Chartering Basics
Learning Outcomes:
- Understand the basics of tanker chartering
- Know the different roles played in the chartering of tankers
- Recognize the different obligations during fixing a charter
Module Content:
– Chartering basics
- Job role for chartering personnel
- Which goals are you trying to achieve?
– Actors in tanker shipping
- Who is involved (brokers/charterers/owners)?
- What are their goals?
- What authority do they have?
- What obligation/Liabilities do they have before, during and after fixing?
Module 2
Vessel and Cargo Types
Learning Outcomes:
- Know the different types of vessels involved in tanker chartering, and Their market
- Know the different types of cargo used in tankers, and markets defined from cargo type
Module Content:
- Vessel types and segments
- Market defined from size
- Market defined from geographical areas
- Market defined from vessel capabilities
- Cargo types and segments
- Which segments substitute/correlate/overlap?
- Why does cargo types matter?
- Market defined from cargo types
Module 3
Time and bareboat charters
Learning Outcomes:
- Recognize a time charter and its role in tanker chartering
- Understand the role bareboat charters play in tanker chartering
- Know how to negotiate time and bareboat charters
Module Content:
Time charters
- Definition of a time charter
- Chain of players
- Negotiation parameters
Bareboat charters
- Definition of a bareboat charter
- Chain of players
- Negotiation parameters
Module 4
The Voyage Charter
Learning Outcomes:
- Know how to calculate freight in voyage charter terms
- Understand how to negotiate a voyage charter
- Recognize the concepts of demurrage and laycan
Module Content:
- Definition
- Freight calculations
- Demurrage
- Laycan
- Negotiation parameters
- From where to where, optionality
Module 5
Operational considerations
Learning Outcomes:
- Understand how a voyage works from a chartering perspective
- Know what challenges can arise during a voyage
- Know how to collect and pay for freight
- Recognize what the vetting criteria are
Module Content:
A voyage from start to finish from a chartering perspective
- Marketing of your vessel
- Planning conversations and negotiations
- Subs time & clearance of vessels
- Fully-fixed fixture
- Handing over for smooth operations and service
- Challenges and problems along the voyage
- Collecting freight/paying freight
Operational consideration for chartering personnel
- Special requirement for the commodity
- Parceling or full cargo
- Vetting criteria
- Physical vessel restrictions
Module 6
Charterparty formats
Learning Outcomes:
- Understanding what different charterparty formats are available
- Know what the differences are between charterparty formats
Module Content:
- Which one to choose?
- Main differences between charter parties
- Main concerns
- Negotiation of terms