Commercial Tanker Operations

The oil tanker market is showing green shoots of recovery with most analysts agreeing that market has touched bottom and is now on an uptrend. However, significant hurdles still remain that can sink this market, most importantly the US oil demand, the strength of the recovery in OECD economies and tanker orderbook. The ship owners and other stake holders in this market need to position themselves sensibly in order to take advantage of the opportunities. But to avail these opportunities and have an optimum coverage strategy, not only do you require a good understanding of the tanker markets but also need to have a skilled commercial operations team in place.


Wade Maritime Consultants is proud to present our specialist commercial tanker operations course with modules designed by industry experts and experienced consultants to give you a comprehensive insight into commercial tanker operations. It will take you through the complex art of understanding charter-parties & their key clauses, voyage estimating, post-fixture operations and related documentation with the help of case studies and practical exercises. You will gain essential skills required to understand and negotiate charter-parties, voyage costs, calculate Laytime and Demurrage charges and understand the future trends in the tanker industry.


Course Contents


The Oil Tanker Industry

Tanker History, Types of vessels, Trade Routes and Terminology


The Tanker Market Structure

Influencing Factors, stakeholders, Worldscale, AFRA & Freight Markets

Worldscale Exercise


Oil Tanker Market Dynamics

Oil Supply/Demand, Vessel Supply/Demand, Prices, Costs, Rates & Future Trends


Voyage Estimating

Elements of Voyage Estimating, Techniques & Calculations

Exercise - Voyage Estimating


Tanker Charter-Parties

Different Types, Responsibilities of Players, Key Clauses and Terms


The Chartering Market Practice

Getting into the market - bids, offers, subjects, pitfalls and problems, negotiating techniques and strategies and Financial transactions


Laytime and Demurrage

Principles of Demurrage, what counts / does not count as Laytime, Clauses

Exercise - Demurrage


Bills of Lading, Cargo Documentation, Safety & Environmental documentation




Method of Delivery and Teaching Aids


The delivery of the course is covered in a number of ways:

Course notes -
Each delegate receives a manual with all of the course notes and material presented on the course plus copies of supporting material.

These represent the core of the programme in which the course presenters address each of the above topics with the help of power point presentations and any other relevant visual aids.

Open discussions
Throughout the course, participants are encouraged to debate issues. The course presenters are able to speak from their own practical experiences when emphasizing particular points.
Questions and answers

Participants are encouraged to ask questions, either to seek clarification of certain points or to ask about particular issues relating to the tanker industry.



Course Duration


The course duration is of two days from 0900 to 1700 hrs. The teaching time will constitute eight 90-minute sessions totaling 13 hrs of lecture time.

Course Speakers

The course presenters have all of the practical expertise and experience to provide this comprehensive course delivery. On successful completion of the course, which requires full attendance, participants receive a certificate of attendance to record their achievement.

Who Should Attend

This broad based commercial tanker industry course will be of interest to tanker industry professionals including chartering, brokering & operations executives, port & terminal executives, ship managers, superintendents, P&I Club & marine insurance executives, PE and hedge fund managers, maritime lawyers & bankers.

Course Venue and Fee

Venue Date Fee
The Mirador Hotel,Mumbai
5-6 th Mar 2010
Rs 19,500 + Tax
16-17 th April 2010
Usd 1395 + Tax

*We offer a 10% discount for groups of 3 or more from any one organization

*Early Bird Offer – 5% discount for confirmed registration by 1st Mar 2010 (S'pore Only)

*Offers cannot be combined