Tanker Chartering

This in-depth course introduces you to the fascinating world of tanker chartering providing a step-by-step guide to the current practices of the tanker chartering market.

Course content (16 Lessons)

Lesson Topics

• The History of Oil and the Tanker Industry - Background to the industry and its development.
• The Ship - Construction and design of different types of tanker, including the latest environmental developments.
• The Cargo - A detailed look at liquid cargoes, their problems and characteristics - Ports and refineries.
• The Principals - Shipowners - Charterers - Shippers - Receivers.
• The Market and Brokers - How the tanker markets function.
• The Voyage Charter Party - A detailed look at frequently used voyage Charter Parties.
•  The Timecharter Party - Analysis of common forms.
• The Vessel's Earnings - Freight and Hire calculations - Worldscale - Performance Claims.
• Voyage Estimating - Calculating the voyage earnings and Timecharter equivalents.
• The Negotiations - A step by step analysis of how chartering contracts are concluded.
• The Documents - A detailed analysis of Bills of Lading - Problems arising from the use of shipping documents.
• Laytime - Calculation of Laytime and Demurrage - Practical Examples.
• The Voyage - A typical voyage with many of the problems that may occur.
• The Law - A review of recent cases of interest to those involved in the tanker chartering market.
• The Problems - Pollution and other problems not covered elsewhere.

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