|BIMCO member||EUR 1150|
10% group discount is available for registering 3 or more participants from the same company.
The Oil Trading and Chartering Masterclass Online is a series of 10 online sessions, each lasting 60-90 minutes and will cover essential time chartering issues.
During the course, the trainers will move through the roles and interests of the parties involved in tanker chartering, including oil majors, refineries, traders, owners, and operators. They will consider the role of the broker and examine what the parties to the chartering transaction is looking to achieve and how each act to protect their interests by managing their contractual liabilities at the various stages of the chartering transaction.
The tanker trades come with its own unique range of charter parties. Some are BIMCO approved forms, such as ASBATANKOVOY and BPTIME3. However, the majority are issued by oil majors and traders. Even though they are well known to the parties involved, they are also known to come with liabilities and trade specific clauses, many of which are not easily altered by the carrier. The course aims to raise the awareness of the risks and liabilities by examining the forms and by offering practical examples of cases handled by the trainers.
The tanker trade is highly regulated to ensure the safety of the environment and the security of the vessel and its crew. This is reflected in the contracts used, where vetting procedures and quality assurance requires a high degree of documentation and transparency to avoid liability for damages to the vessel and the cargo. Disputes may arise at any point during the transaction. Charter party management is a crucial tool to mitigate potential losses in a very competitive market. The trainers will share practical examples and advice obtained during their day-to-day handling of tanker disputes.
|Monday, 7 June 2021||Session 1||
Fundamental Issues: The Inter-relationship between Contracts
|Tuesday, 8 June 2021||Session 2||
Fundamental Issues: The Sale Contract – Part I
|Wednesday, 9 June 2021||Session 3||
Fundamental Issues: The Sale Contract – Part II
|Thursday, 10 June 2021||Session 4||
The Charter Party Forms: Working with and Amending Voyage C/P Forms and their Unique Characteristics
|Friday, 11 June 2021||Session 5||
The Charter Party Forms: Working with and Amending Time C/P Forms and their Unique Characteristics
|Monday, 14 June 2021||Session 6||
The Charter Party Forms: Oil Major Vetting and Approvals
|Tuesday, 15 June 2021||Session 7||
Cargo Issues: Bills of Lading
|Wednesday, 16 June 2021||Session 8||
Cargo Issues: Bunker and Cargo Sampling
|Thursday, 17 June 2021||Session 9||
Cargo Issues: Cargo Claims
|Friday, 18 June 2021||Session 10||
Cargo Issues: Main Aspects of Dispute Resolution under English Law
Participants will be given an option of taking a final assessment (1-hour open-book test) at the end of the course, and Certificate of Achievement will be issued with a grade (distinction, merit or pass). Those not taking the assessment will receive a Certificate of Attendance.
BIMCO issues electronic course files as an Adobe PDF file enabling you to make personal notes. All documentation and presentations will be in English. Course access details will be provided once the registration is completed.
You will also receive access to BIMCO's eLearning modules on "Time Chartering", "Bills of Lading" and "Tanker Laytime & Demurrage".