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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