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1. The Management of Charter Party
25 – 27 May, 2015 | The Resource Space, Lagos, Nigeria.
This course is available for IN_HOUSE: For further information, please contact: Tel: +234 8037202432, Email:petronomics@yahoo.com. Web: www.thepetronomics.com

2. OVERVIEW
A Charter Party is a contract for the carriage of goods by sea
otherwise known as a Maritime contract. Maritime Law is a
highly developed area of Nigerian Law however there are no
indigenous Nigerian legislations yet on shipping. Hence, the
carriage of goods by sea is governed by the Carriage of Goods
by Sea Act received as a statute of general application in
Nigeria. The shipping industry is plagued by unique risks that
are uncommon to any other industry globally. Strict regulatory
requirements therefore apply and this heightens the need to
properly manage the contract from negotiation stage to
delivery of the freight.
The Management of Charter Party learning programme enables
participants to understand Maritime Law principles and
practices and provides the expertise required by industry
practitioners to eliminate risks and liabilities inherent in the
maritime value chain and establish workable terms and
conditions that boost the ROI and increase profit margins for
your organization.
LEARNING OBJECTIVE
At the end of this course, participants will:
 Understand the dynamics of carriage of goods by sea.
 Handle claims & resolve disputes profitably for their
organization.
 Integrate the organizational objectives and economic
factors into the Charter Party.
 Identify the risks and exposures inherent in a
standard Charter Party.
 Define risk sharing mechanisms.
 Be equipped with the expertise to obtain enforceable
agreements that contain terms and conditions most
productive for their organizations.
 Map out strategies to reduce potential exposure to
demurrage and other claims.
 Analyze the potential causes of conflicts and disputes.
 Be exposed to the significance of relationships and a
step-by-step checklist of elements to include in
concluding shipping agreements.
 Understand the inherent risk associated with the
global shipping business.
 Appreciate the pitfalls associated with each type of
Charter.
 Be better equipped to relate profitably with
multinational entities and regulatory bodies.
 Learn how to effectively and meaningfully manage
operational risks and liabilities of shipping.
PERFORMANCE FOCUS
Our programmes are significant investment for your
workforce. They are designed to fill identified industry
knowledge gap and provide hands-on applicable know-how
that gives participants a deeper insight on their deliverables.
The various modules are cultured to encourage stakeholders
to aspire the attainment of operational efficiency along the
business chain.
COURSE CONTENT
Introduction and Industry Overview
1. Definition of Charter party
2. Classification of Charter parties
Time Charter
 The Charter Period
 Hire and off–Hire
 Hire and off–Hire
Principal Clauses in Time Charter parties
 Insurance of the vessel
 Port and time of delivery
 Restriction of user of vessel
 Crew wages, maintenance of stores & supplies
 Dock and harbor dues, payment for loading and
discharge
 The “hire” being a named sum for the hire of the
vessel
 Control of the vessel
 List of excepted perils
 Indemnity for loss or damage to the vessel
 Cancellation clause
 Arbitration clause
 War clause
Voyage Charter
 The preliminary voyage to the designated loading
point
 The Loading operation, covering both loading and
stowage
 The carrying voyage to the designated port of
delivery
 The discharging operation
Demise Charter
 Consequences of a Demise Charter
 implied terms
 No possession of the vessel
 Charterer is master to the ship-owner
 Charterer liable to shippers for acts of the master
and crew
 Demise charterer becomes the Carrier
 Charterer liable for duties imposed on ship
 Liable for collision caused by negligence of the
shipmaster.
3. Hybrid Charters
 Trip Charter
 Consecutive Voyage Charter
 Long-term freighting contract
 Slot Charter
4. Rights and Obligations of Parties in a Charter party
5. Charter party Bill of Lading
6. Frustration
7. Charter party Forms
8. Impact of International Conventions and Municipal
Statutes on the Charter party
9. The Paramount clause.
PRACTICAL WORKSHOP- Drafting sample terms &
conditions of a standard Charter Party
 Conditions
 Warranties
 Intermediate terms (Innominate Term)
 Implied Obligations
Understanding Conflict of Law Rules
 Carriage of Goods by Sea Act
 The Common Law rules
 The Hague or Hague-Visby Rules.
 Sample clauses
Termination of Charter Parties

3.  Right to terminate under the charter
 Consequences of termination
Dealing with Disputes in Charter Parties
 Choice of method
 Litigation
 Arbitration
 Mediation
 Expert determinations
Break Out Session/Case Study
CURRICULUM
Nothing exposes the intricacies of the contemporary oil and
gas industry like the process & indices of shipping, freighting,
safety of goods at sea and the impact of international laws on
the standard charter. This course has been designed to
broaden participants’ knowledge on the intricacies of the
Maritime aspect of the energy industry, its benefits and risks as
well as the options open to practitioners. Participants that
grasp the technicalities for managing Charter Parties should be
able to chart a new course for the organisation using the
expertise so acquired.
WHO TO ATTEND
Chartering and Contract Managers, Supply Support Officers,
Financing Managers and Investment Analysts, Shipping Officers,
Product Handling Practitioners, Logistics Officers and officers
involved in any or all function of shipping contracts, negotiation
and management.
DELIVERABLES
Our training programmes are exciting learning events. All
participants during the programme entitled to all course
materials and a certificate of participation. On a written
request, we shall furnish you with a detailed report
summarising our perception of participants’ strengths, areas
for improvement and proposed action plans within four weeks
of concluding the course. Our feedback process ensures your
objectives are achieved by the conclusion of our training
process.
PROGRAMME FEE
The programme fee covers tuition, course materials. Payment
is due upon receipt of the invoice. Our cancellation policy
applies.
- N126,000.00 per participant
IN-HOUSE TRAINING
Petronomics Training can work with your organization to
provide the course to meet your budget at your convenience
(time and location) in the comfort of your working
environment. This collaborative effort, emphasize actionable
learning, the application of theory in practice and combine
core business skills/technical knowledge with dynamic
leadership training.
If you would like to discuss possible collaboration in
developing in-house training, please contact on the details
below.
REGISTRATION
To nominate a participant for this training, kindly forward the
details of your nominated participants, (i.e. name, email
address, telephone nos.) and stating the course your
participant are registered.
To nominate a participant for this training, kindly forward the
details of your nominated participants, (i.e. name, email
address, telephone nos.) and stating the course your
participant are registered.
Business Development Desk
Petronomics Training
Telephone: 08120996728
0803 720 2432
Email: ayantola.victoria@thepetronomics.com
petronomics@yahoo.com
www.thepetronomics.com
ABOUT US
At Petronomics, energy expertise is our resource and inspiring
competence is what we enjoy. The application of knowledge in
driving innovation and ultimately possibilities is the catalyst that
steer a distinctive value proposition. Braced with visionary
advisory board, inspired/cultured workforce and experience
faculty, we provide superior intellectual resource pool that bridge
competency gap for industry operators. The benefits of our
expertise are accessible through learning programmes, research
and conference services; a blend that sets us as the preferred
pool, professionals approach to upgrade business skills
THE LEARNING APPROACH
In resourcing industry workforce competency, we develop skills
and experience that employer’s value by offering a comprehensive
range of flexible learning options to meet their learning and
development needs through a broad range of learning approach
that offers intensive and enjoyable experience to participants.
Participants benefit from lectures, case study analysis, group
discussion, workshop, and are also encouraged to learn from
other managers and professionals on their programme by sharing
ideas and experiences. We place a particular emphasis on group
work where participants’ real life situations are used as vehicles
for learning.
FACULTY
Key to our approach is the quality to the faculty members. Every
faculty member on our 20 member team is rigorously assessed
and contracted in line with our Standard Operating Procedure.
Each of them understands that they have to deliver training and
supporting documentation to the highest standard. They
comprise of professionals with outstanding track records in their
area of specialty. Whilst they bring to bear several years of hands-
on experience in the industry, they are committed to knowledge
growth and have an understanding of the link between strategy
and knowledge capital.
LEARNING ENVIRONMENT
Our programmes are conducted in a decent and cozy
environment globally. We ensure that our participants are relaxed
to refresh in an ambience well conducive forinspiring and creative
brainstorming that accelerate the learning curve of individual
participants. In consolidation of our value chain, locations are
carefully considered using our five star QC indicator like security,
banquet facilities, accessibility and customer services. Our
programme team works with the facility staff to ensure a personal
and warm welcome to participants.