SUMMARY

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 LEARNING OUTCOMES

• 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

TARGET AUDIENCE

• 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.

INVESTMENT

SGD 4,145 per delegate (Classroom Training)

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