This course covers the crude oil, petroleum products, chemicals,
and gas transportation sectors. It examines the important
economic, financial, contractual, environmental, and legislative
issues when evaluating contract options, chartering, and devising
investment strategies, logistics as well as operating tactics. The
emphasis of the course is on sound commercial practice, drawing
on the working knowledge and experience of experienced speakers.
Case studies and practical sessions will build on delegates'
hands-on experience. There are no pre-requisites for this course,
nor is any advance preparation required.
Key issues facing players in today's energy shipping markets
Use of World scale, freight calculations, voyage estimates, and
time charter conversions
Dynamics of tanker chartering, sale, and purchase markets; how
to analyze trends and assess investment risk, as well as finance
tankers
How to use and interpret the Freight Futures Market and
Important insights into the commercial and technical
management of a tanker fleet
Characteristics and driving forces that determine developments in
the specialist gas and chemicals carrier markets
Factors determining oil company transportation coverage
strategies and tanker owners' chartering policies
Key insights into how technical factors and the increasingly
stringent rules governing vessel operations, safety, and pollution
prevention impact commercial decisions
Essential elements of a voyage charter party and the differences
in owners' and charters' obligations under different forms of
charter
Process of tanker chartering and the role of the broker
Supply, Trading, and risk management departments at oil, gas
and petrochemical companies as well as commercial and
operations departments at shipping affiliates of oil companies
Planning and financial departments of shipping companies and
oil company transportation positions, banks and financial
institutions involved in oil tanker, gas and chemical carrier
finance.
Accounting and legal firms dealing with energy transportation
issues
Oil trading, distribution companies and Management new to the
transportation sector
Master Mariner MSc AFNI MIAME
Managing Director, Wade Maritime Group