10% group discount is available for registering 3 or more participants from the same company.
The SUPPLYTIME Masterclass Online is a series of 10 online sessions split into 5 blocks, examining different versions of the SUPPLYTIME contract. During the sessions, we will also examine the practical and legal differences using SUPPLYTIME for other purposes than OSV/AHTS. Each block will run for 2 x 90 minutes and offers participants a comprehensive overview of the commercial and contractual issues involved.
|Monday 19 February 2024
|Introduction to SUPPLYTIME 2017 – Part I
• The revision process, discussions, and necessary compromises made by the sub-committee
• Is SUPPLYTIME 2017 better balanced than the previous versions?
• Why revising SUPPLYTIME?
|Introduction to SUPPLYTIME 2017 – Part II
|WALKTHROUGH OF KEY CLAUSES IN SUPPLYTIME 2017
|Tuesday 20 February 2024
|Delivery & redelivery
• The charter period
• Late delivery
• Vessel condition on delivery
• Charterers rights
|Suspension of hire
• Suspension and payments
• How to suspend hire
• Disputed invoices
|Wednesday 21 February 2024
• How to terminate for cause
• Termination for convenience
| Case Study Breakout
Using the Zoom Break function, you will work in small groups to solve a very realistic commercial scenario
|Thursday 22 February 2024
| Employment & operations
• Structural alterations
• Unsafe ports
• War risks
• Fever and epidemics
• Force majeure
• Maintenance: Owner’s obligations and allowances
| Knock for knock and other exclusions
• Knock-for-knock and general issues of insurance:
• understanding the knock-for-knock principle
• the “A Turtle”
• the reasoning behind knock-for-knock
• service contracts
• how knock-for-knock actually operates
• liabilities borne by the charterer under the BIMCO form
• the role of insurance
• gross negligence and willful misconduct
• reasons to agree or not to agree knock-for-knock
• consequential loss exclusions
• vessel tonnage limitation
|Friday 23 February 2023
| Using SUPPLYTIME for other types of business than OSV/AHTS
• Making SUPPLYTIME fit for other purposes - risks and pitfalls
• The BIMCO Special Task Annexes (BSTA)
• The matrix of chartering and construction contracts. Scope of work
• Using SUPPLYTIME in untraditional ways; Heavylift cranes, jack-ups and windfarm installation vessels
|Case Study Breakout
Super Boat (SB) is the owner of the specialist offshore construction vessel. The ship is currently under construction and close to delivery at a well-known yard. SB chartering department receives an enquiry from Rotterdam Offshore Contractors (ROC) as they are looking for a vessel of similar specification for a project in West Africa.
ROC proposes a three-year charter party, with options for two more, at favourable day rates. The contract shall be based on the SUPPLYTIME 2017 form, with a range of amendments, including a larger heave compensated crane and on-board project specific equipment, to be equipped before the vessel departs for West Africa. Some of this equipment will be operated on board by ROC or its sub-contractors’ personnel.
How do the owners protect themselves, and at the same time be seen to accommodate the charterers requirements in a very attractive deal? These are just some of the aspects of one of the cases in the course.
In the case studies, you will work in small groups to consider the scenario and a range of problems that arise. The cases will be a focus for dialogue and will help the participants see how amendments to SUPPLYTIME can serve different purposes for various parties.
You will be taught by hand-picked industry experts who have built a career out of solving complicated commercial disputes in the energy offshore sector.
The combination of theory, discussion and casework will make using SUPPLYTIME forms clearer and more manageable. The trainers will share valuable experiences and point participants towards practical solutions, which can be used on the job. The course will also facilitate networking between international shipping peers and enable long-term learning relationships between the participants.
SUPPLYTIME is the benchmark for offshore support vessel agreements – and the industry’s contract of choice. It has also been widely adopted by other sectors looking for a contract offering a comprehensive knock-for-knock framework. This course will assist you in identifying how the form works when being used for a wide variety of tasks, thereby helping you to understand and explain your own risks and exposure. You will be able to discuss issues, such as unused maintenance days at the conclusion of the charter, lay-up provisions and the revised knock-for knock provisions with your superiors, P&I club or legal counsel.
Participants will be given an option of taking a final assessment (one-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 module on "SUPPLYTIME 2017: Key Changes and Features".