Chartering and Managing Oil and Gas Tankers

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Ayoola Ponle, Brightsea Resources

1:53:58

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1 - Introduction

1 - Introduction.mp4

01:54

2 - Tanker Market Brokers and Practitioners

2 - Factors Affecting Tanker Market.mp4

08:19

3 - Impact of Seasonal Climate Weather and Physical Restrictions.mp4

04:39

4 - Role of Tanker Broker.mp4

04:18

3 - Tanker Market Trade Features

5 - Tanker Spot Market.mp4

03:47

6 - Oil Futures and Oil Options.mp4

08:56

4 - Chartering Market Practice

7 - Negotiation Process and Terminology.mp4

06:59

8 - Fixing on Subjects.mp4

04:29

5 - WORLDSCALE

9 - Overview and Origin of Worldscale.mp4

06:25

10 - Worldscale Flat.mp4

05:11

11 - Worldscale Freight Rate.mp4

02:14

6 - Notice of Readiness Laytime LayCan Demurrage and Despatch

12 - Notice of Readiness NOR.mp4

03:03

13 - Tendering Valid Notice of Readiness.mp4

02:49

14 - Laytime LayCan Demurrage and Despatch.mp4

05:56

15 - Time Bar in Tanker Demurrage Claims.mp4

04:27

16 - Calculating Laytime and Preparing Statement of Fact.mp4

10:57

7 - Commissions Disputes and Professional Negligence

17 - Commission payment and Dispute Resolution.mp4

02:42

18 - Managing Conflicts Disputes.mp4

03:18

19 - Professional Negligence and Indemnity.mp4

02:05

8 - Financial Elements Warranty and Bonus

20 - Pumping Warranty.mp4

05:17

21 - Ballast Bonus in Time Charters.mp4

02:16

9 - Organisations and Associations

22 - OPEC.mp4

05:48

23 - INTERTANKO.mp4

02:02

24 - ITOPF.mp4

03:02

25 - OCIMF.mp4

03:05

Description

Efficient Operations: Oil and Gas Tanker Chartering and Management

What You'll Learn?

Gain insight into the process of chartering tankers
Grasp the fundamentals of the oil and gas industry
Learn about the factors that affect the tanker market
Understand firm offers and counter-offers
Learn about Worldscale and the calculations involved
Learn details about LayCan. Laytime, Demurrage and Despatch
Calculate Laytime and prepare Statement of Fact
Learn about Notice of Readiness and when to tender NOR
Enhance communication and negotiation skills relevant to tanker chartering
Know the relevant organisations with the industry

Who is this for?

Beginners interested in chartering and management of oil and gas tankers

Industry practitioners keen on expanding their knowledge

Shipbrokers keen on deepening their understanding

What You Need to Know?

No prerequisite required

Students wanting to adequately learn about oil and gas tankers

Professionals

More details

Description
Embark on a voyage into the intricate world of oil and gas tanker chartering and management with our comprehensive course. As vital players in the global energy supply chain, oil and gas tankers are essential for transporting valuable resources across the seas. This course provides a deep dive into the strategies, logistics, regulations, and best practices that govern this dynamic industry.
Gain a comprehensive understanding of the various types of oil and gas tankers, their functionalities, and how they fit into the energy supply chain. Explore techniques for optimizing tanker operations and ensuring cost-effectiveness.
Learn the fundamentals of chartering, including negotiations, fixtures, contracts, and the role of brokers in securing profitable deals. Gain a foundational understanding of energy markets, the role of oil as a commodity, and its significance in the global economy. Explore the spot market, where physical oil transactions occur.
Explore the fundamental principles of Laytime, the time allocated for loading and unloading cargo. Learn how to calculate Laytime accurately, accounting for various factors like weather and cargo handling. Understand the significance of Laycan, the period during which the vessel must arrive, and how it impacts the Laytime calculation. Learn about Demurrage, and the charges incurred when Laytime is exceeded. Explore the concept of Despatch and the financial incentive for early cargo discharge.
Explore the Worldscale system, its history, and its role in standardizing freight rates for various tanker sizes and routes. Learn how to interpret Worldscale rates and assess their impact on shipping economics.
Examine the Notice Of Readiness process, its significance, and the legal implications of issuing a Notice of Readiness. Learn the critical timing and documentation requirements to ensure a smooth cargo operation.
Who this course is for:
Beginners interested in chartering and management of oil and gas tankers
Industry practitioners keen on expanding their knowledge
Shipbrokers keen on deepening their understanding

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Oil and Gas Industry

Ayoola Ponle, Brightsea Resources

Instructor's Courses

Hi, my name is Ayoola Ponle, and I am a seasoned maritime professional with 30 years’ experience in the industry.My training voyage started in 1992 at the Maritime Academy of Nigeria where I was trained as a Marine Engineer and completed the Merchant Navy Officers’ Course. I also did more training in Marine Engineering operations at the South Tyneside College, South Shields, United Kingdom.I hold a Diploma and Advanced Diploma in Transport from the Chartered Institute of Logistics and Transport (CILT), United Kingdom. I have the International General Certificate in Occupational Health and Safety awarded by NEBOSH, UK.From the Institute of Chartered Shipbrokers (ICS), United Kingdom, I have Advanced Diploma in Ship Operations and Management and have successfully completed the Professional Qualifying Examination as a certified Chartered Shipbroker.I am a Fellow of the Institute of Chartered Shipbrokers. I am currently the coordinator of the Education and Training Committee of the West Africa Branch of the Institute.For my work experience voyage, I was with the Nigerian Ports Authority for eighteen years from 1988 starting at the Administration Department and, after training as a Marine Engineer, joined the Marine Department where I worked in various capacities up to the rank of Chief Engineer onboard different types of vessels.Since I left the Nigerian Ports Authority, I have sailed onboard vessels and also worked ashore with a number of national and international ship-owning and ship management companies occupying from middle to managerial levels.

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