PD189 Management Of Charterparty For Oil Tankers

MANAGEMENT OF CHARTER PARTY
FOR OIL TANKERS
Overcoming contemporary challenges in idle time, low day rates,
performance breaches, laytime & demurrages and contaminators
25 – 26 July 2016 | Singapore
Conducted by Course Director:
JAYEMS DHINGRA
Principal Management Consultant
FCIArb, FSIArb, M.S.I.D, Member, AIPN
MBA, M. Tech (Knowledge Engineering)
M. Sc. (Maritime Studies) B. E. (Elect), First Class CoC (DOT, UK)
www.petroEDGEasia.net
MCF TRAINING GRANT IS AVAILABLE FOR ELIGIBLE
PARTICIPANTS.
Please refer to www.mpa.gov.sg/mcf for more information.

MANAGEMENT OF CHARTER PARTY FOR OIL TANKERS
Overcoming contemporary challenges in idle time, low day rates, performance breaches, laytime & demurrages and contaminators
2 5– 26 July 2016 | Singapore
Conduct this training course in-house for more effective savings!
Call us at +65 6741 9927 or email to info@asiaedge.net. For more information, visit us at
www.petroedgeasia.net
When freight rates are inadequate to meet daily running costs of a vessel, the terms of engagement or the Charter party must be reviewed
microscopically to ensure that all risks are well apportioned and appropriately mitigated.
“No clause of the Charter party should spring as a surprise for the parties!”
In this two day intensive training course, you will be able to acquire expertise from real life experiences enabling you to deal better with the
contemporary challenges facing Oil Tankers today. Some of the key challenges addressed in this intensive course are:
 Making a Choice of the Charter party Form
(SHELLTIME4, BPVOY, ASBATANKVOY, GASVOY, GASTIME, BPTIME) in context of type of Cargo, Vessel Type, terminals and duration;
 Comprehensive Risks Identification, Evaluation and Mitigation Strategies;
- Computation and allocation of idle time
- Explicit measurement criteria for Lay time and Demurrage Claims
- Implication of SIRE
 Termination of Time Charters for Cause and for Convenience
- Can the delays in damage repairs be considered as a breach?
- Fall in Market Prices and Restructuring of the existing Time Charter party
 Tank Cleaning Costs and Risk of Contaminants
- How much time and cost can a Charterer pay for tank cleaning and slops
- Liabilities of Charterers for cargo tank debris / damage
- Liability of Terminal Operators and service providers in causing contaminations
 Performance Obligations of the Parties as per the Charter party Agreement
- Charterer’s Obligations, Bunkers and Boil-off Gas Usage Limits
- Owner’s Obligations and Liabilities, ROB, Limits of Boil-off and Cargo Loss
- Bills of Lading and Responsibility Assignment Matrix
This will be a mandatory course if you work for a Tanker Owner, Operator, Broker or Charterer from the following roles as General Manager,
Commercial Manager, Business Development Manager, Legal Counsel, Post-Fixtures Manager, Fleet Manager, Marine & Technical Superintendent,
Senior Engineer or Middle Level Manager as part of succession planning.
This course is developed to meet the needs of the hour of the Tanker SOCSO fraternity, encompassing following underlying objectives:
 Enhance the interpretation and applicability of clauses in a Charter party in context of the commercial proposition;
 Evaluate commonly used types of Charter party Forms for Voyage and Time Charter and comprehend the key features of each Form in
context of use;
 Interpret terms and conditions of a Charter party in context of international maritime conventions, competition and economic factors;
 Evaluate current and future trends in petroleum transportation and the influence of regulatory regimes and strategies of Oil Majors;
 Recognize the avenues of collaboration, contentions, conflicts and manage disputes to avoid losses;
 Manage operations towards ensuring delivery of performance obligations under the Charter party; and
 Create a Charter party Management System (CMS) in the company to ensure profitability for each voyage and term.
Upon completion of the course and hands-on workshop based on real life cases, you will be able to:
Restructure the Charter party agreements with alternative clauses to avoid pitfalls and surprises during execution;
Evaluate impact of uncertainties and identify undefined parameters with cost considerations;
Appraise potential risks and develop risk mitigation strategies;
Enhanced consciousness about the rider clauses and commercial impact of each such addition;
Ability to deal with breakdowns and delays in an appropriate and timely manner with an objective of avoiding loss of time and deviations
from the desired monetary projections;
Recognize the appropriate Standard Form to be used for each type of assignment; and
Manage contentious situations through alternative dispute resolution channels and litigation effectively.
You will start saving costs by applying the lessons learned from your current business operations from the first day itself!
MCF TRAINING GRANT IS AVAILABLE FOR ELIGIBLE PARTICIPANTS.
Please refer to www.mpa.gov.sg/mcf for more information.

2 Days Course Outline
DAY 1
Review of Contemporary Terms & Conditions for Oil
Tankers Charter party
 Components of Laytime and Demurrage Computation
 Explicit Warranties by the Owners
 Explicit Warranties by the Charterer
 Contextual Parameters (WS, Dead freight, Ballast Trips,
OPEC, WTI etc.)
 Estimation of Voyage Cost and Hire Payable
Overview of Models of Engagement
 Voyage Charter
 Contracts of Afreightments (COA)
 Time Charter
 Floating Storage Agreements
 Back-to-Back Charters
 Bareboat Charters
 Market Rates-Linked Charter
Comparative Analysis of Tanker Charter party Forms and
Critical Review
 Voyage Charter Forms (ASBATANKVOY, SHELLVOY, BPVOY)
 Time Charter party Forms (SHELLTIME, ASBATIME,
 Bills of Lading Clauses
 Critical Clauses for Delivery, Cancelling, Speed,
Consumption, Loading, Discharging, and ROB
 Safe Port, Piracy, War Risks, Sanctions Clauses
 Special Features of NOC and IOC Terminals
Commercial Framework in a Charter party
 Hire Payable and Computation Methods
 Computing Laydays, Laycan, Despatch, Demurrage and
loss-time
 Liability for Failure in Timely Payments
 Security for Payment and Rights of Owners
 Influence of Vessel Operations on Payment and
Commercial Obligations
Case Study – 1: Termination due to Failure of Vessel
Inspection Exercise
Delegates in Groups will review the impact of Vessel
Readiness Standard and Ship Inspection Reports prior to
commencement of Charter.
DAY 2
Interpretation of SHELLTIME4 CPA
 Meaning and Purpose of Standard Printed
Clauses
 Application of Critical Clauses in Context
 Commonly Observed Variations
 Cargo Dependent Clauses
 Annexes and SOPs of Oil Terminals
Need for Special Conditions and Amendments
 Shipper and Consignee Agreements
 Multi-Party Transactions
 Managing Parcel Cargoes and Multi-Port
Delivery
 Blending Operations
 Off-hire and Maintenance Periods
Analysis of Termination Clauses
 Explicit Description of Causes for Termination
 Notice Requirements for Termination
 Failure of Payments and Repudiation
 Termination for Convenience
 Substitution Clauses
 Special Provisions for Salvage, Collisions, Oil
Pollution and Accidents
Interpretation and Application of Voyage CPA
(ASBATANKVOY)
 Critical Clauses for Voyage Charters
 Interpretation and Application of Printed
Clauses
 Importance of Defining NOR Clause
 Special Clauses for Owners with Multiple
Voyage Charter Commitments
 Consequences of Delay for Successive Voyages
 Dealing with Detentions
 Diversion Clauses and Impact on Compensation
Case Study – 2: Restructuring a long term Time
Charter party due to depressed Day Rates
Groups based workshop on managing a long term
Time Charter party as Charterers with high day
rates disproportionate to prevailing market rates.

Hands-on Workshop based on Case Studies
Workshop 1
Managing a Dispute due to Method of Tank Cleaning, As Owners
In Product Tankers it is crucial for tanks to be cleaned strictly in accordance with the procedure and the process
specified by the Cargo Owners/Shippers. Deviations or discrepancies often lead to disputes. This workshop is
based on such a case and delegates shall analyse the following issues from the case brief to be provided.
 Legal implications of Oral instructions for tank cleaning procedure
 Documented Process or a Standard SOP vs Master’s Experience
 Burden of Proof
 Importance of previous cargo carried and declarations
 Lessons learned for managing multiple cargoes and multiple voyage charters
Workshop 2
Failure to Pay and Withdrawal of a Vessel with Cargo
The terms of a Charter party usually provide that Owners have a right to withdraw the vessel for default on
payments due. However exercising the right, one must strategically plan before calling the vessel off with
Charterer’s cargo on-board. This case deals with some interesting issues for the delegates to discuss and analyse.
 Use of the Vessel with charterer’s cargo on-board
 Bunkers consumption and claims for discharging cargo
Overview of Dispute Resolution by ADR Forums vs. Courts
Conflicts are unavoidable but can be managed to the extent of preventing it from becoming a dispute.
 Overview of Types of Disputes in Tanker Charters
 Analysis of Dispute Resolution Clauses in a Charter party in Context of the Charters
 Dispute Resolution Forums
 ADR Forums
 Arbitration Process and Enforceability of Arbitral Awards

ABOUT YOUR COURSE DIRECTOR
Jayems Dhingra,
Principal Management Consultant
FCIArb, FSIArb, M.S.I.D,
MBA, M. Tech (Knowledge Engineering)
M. Sc. (Maritime Studies) B. E. (Elect), First Class CoC (DOT, UK)
Jayems Dhingra is the principal consultant with Tiberias Management Consultants, specialising in the marine,
offshore and onshore oil & gas, power and process plants industry segments. Over a 40 year period, Jayems has
worked and consulted among other industries, longest with the marine asset owners / operators, heavy engineering
& construction industries.
The industry verticals are encompassing major oil and gas engineering construction yards, EPCIC contractors
for pipelines and power plants, Ship owners and Shipyards engaged in offshore systems fabrications & Ship Repairs
in Asia and Europe. His consulting experience includes Business Process Re-engineering, diversifications, corporate
development, marketing, project management, feasibility studies and market research.
In the recent past Jayems has been associated with the development of a “Heavy Engineering Multi-Industry
Group” from within a traditional yard. He played a lead role in the development of the Project Management Systems,
Marketing Plans, Supply Chain Management, Subcontractor administration, employee development and new
products development related initiatives, besides expansion to be a recognized FPS conversion yard and the
specialist yard for repairs of LNG Tankers.
Jayems has served as General Manager / Consultant with major multi-industry groups and had held positions
of Managing Director, General Manager, and Senior Manager with the companies from construction industry (M &
E segment), heavy engineering fabrications, manufacturing, and marine & offshore services. He was responsible for
the projects related to, the works on Offshore Vessels refurbishment, FPSO Conversions, Gas Tanker Repairs, Process
Modules engineering, Lateral Gas/Oil Pipelines’ and Power Plants and utilities construction related works.
Jayems graduated with a Bachelor’s degree in Electrical Engineering, MBA in General Management, Master of
Technology in Knowledge Engineering and Master of Science in Maritime Studies. He holds professional
qualifications in marine, including the Chief Engineer’s First Class Certificate of Competency.
Jayems is further qualified as Chartered Arbitrator, for appointment as Arbitrator and is admitted to the panel
of arbitrators with KLRCA, Malaysia, DIAC, Dubai, (UAE), SISV, Singapore and CIArb, London. He undertakes
assignments of contract reviews, dispute resolutions and ADR matters. He is registered as Fellow, Singapore Institute
of Arbitrators (‘FSIArb’), ‘Fellow’, Chartered Institute of Arbitrators, UK (‘FCIArb’), Member, Singapore Institute of
Directors (M.S.I.D.), Member AIPN (Association of International Petroleum Negotiators), USA.

petroEDGE® delivers energy industry skills-based training courses in major cities around Asia, catering for every stage of your
organisation’s development path. Since our inception, we have provided wide range of management development training, business
strategy and technical skills training courses to over 100 leading international corporations and government establishments.
Our growing client profile:
Almansoori Wireline Services (Thailand) Maersk Drilling PT Perusahaan Gas Negara
Arabian Bridge Company for Oil Services Maersk Oil Qatar PT PLN (Persero) Kantor Pusat
Asetanian Marine Pte Malakoff Corporation Berhad PTT Exploration & Production
Bangladesh Oil, Gas & Mineral Corp Malaysia LNG PTTEP International Limited
Bergen Group ASA Malaysia Marine & Heavy Engineering PTTEP Iran Company Limited
BG Exploration and Production India Malaysia-Thailand Joint Authority PTTEP Oman Company
BJ Services Company Middle East Media Chinese International PVD Offshore Services Co.
BP Exploration & Operating Vietnam Mid-Continent Equipment Group Pte Ranhill Engineers & Constructors
BP Exploration Operating Company MISC Berhad Rhodia Asia Pacific Pte
BP Indonesia / Singapore & Vietnam Mitsui Oil Exploration Co. Repsol
Brunei LNG MMS (Insurance Brokers) Royal Norwegian Embassy
Brunei Petroleum Murphy Oil Corporation Sabah Shell Petroleum Co
Brunei Shell Petroleum Co National Healthcare Group Sapura Energy
Cairn Energy India Pty Nations Petroleum (SE Asia) Sapuracrest Petroleum Berhad
Carigali Hess Operating Co. Newfield Peninsula Malaysia Inc. Sarawak Shell Berhad
Carigali PTTEPI Operating Company Nipon Oil Exploration (Malaysia) Saudi Arabian Oil Company
CGG Veritas (M) Oceaneering International Saudi Basic Industries Corp
Charnavon Petroleum Offshore Geo-Surveys Schlumberger Oilffield (S) Pte
Chevron Asia South Optimal Chemicals (M) Scomi Oiltools
Chevron Thailand E & P Optimal Olefins (M) Shell Eastern Petroleum
CNOOC PC Vietnam Shell MDS (Malaysia)
Cuulong Joint Operating Company PCPP Operating Company Shell Saudi
Det Norske Veritas (DNV) As Pearl Energy (Nam Conson) Sime Darby Plantation Sdn Bhd
Det Norske Veritas Pte PERMATA Singapore Petroleum Co.
Dof Subsea Australia Pty Permata - PMTSB SN Aboitiz Power
DPS Bristol (M) Pertamina Learning Center S-Oil Corporation
Esso Malaysia Berhad PetroEnergy Resources Corp. Talisman Malaysia
ExxonMobil E & P Malaysia Inc. Petrofac Malaysia Limited Tately N.V.
First Gas Power Corporation Petroleum Insitute of Thailand Technip Geoproduction (M)
Genting Oil & Gas Petroleum Well Logging Co. Teknik Janakuasa
Geomechanics International Petrolux Temasek Holdings Pte
Greatwall Drilling Company PETRONAS Holdings Tenaga Nasional Berhad
Halliburton Energy Services, Inc. PETRONAS Carigali Thang Long JOC
Hercules Tanjung Asia PETRONAS Carigali Vietnam Limited TL Offshore
Hess (Thailand) Limited Petronas Dagangan Berhad Total (China) Investment Co. .
Hoang Long Hoan Vu JOC PETRONAS Gas TOTAL E&P Indonesia
Intisari Oildfield Service PETRONAS Methanol (Labuan) Trans Thai Malaysia
Intra Oil & Services Bhd PETRONAS Penapisan (Melaka) Transwater API
Japan Vietnam Petroleum Compan Petrousaha Engineering Services Tri-M Technologies (S)
Kavin Engineering & Svcs Pte Petrovietnam Drilling & Well Services Truong Son JOC
Kebabangan Petroleum Operating Co. Powertium Marine UMW Standard Drilling
KUFPEC Regional Ventures (Indonesia) Premier Oil Indonesia University New South Wales
Lam Son JOC PT Halliburton Indonesia Vastalux
Lion Rig Builder Pte PT Medco E&P Indonesia Vinyl Chloride (Malaysia)
Lundin Malaysia B.V. PT Pertamina (Persero) Head Office YTL Power International Berhad

EARLY BIRD  NORMAL  TEAM DISCOUNTS
Management Of Charter party For Oil Tankers
25 – 26 July 2016 | Singapore
SGD 3,399 SGD 3,599
petroEDGE recognises the value
of learning in teams.
Group bookings at the same
time from the same
company receive the following:
3 or more at 5% off
5 or more at 7% off
8 of more at 10%
All other promotions including
early bird are exclusive of the
group discount.
DELEGATE DETAILS
Delegate 1
Please note
- Indicate if you have already registered by Phone +Fax +Email +Web
- If you have not received an acknowledgement before the training course,
please call us to confirm your booking.
- Photocopy this form to register multiple delegates.
PAYMENT METHODS
By Cheque/ Bank Draft
Make Payable to Asia Edge Pte. Ltd.
By Direct Transfer
Please quote your invoice number with the remittance advise
Account Name: Asia Edge Pte. Ltd.
Bank Number: 508 Account Number: 762903-001
Swift Code: OCBCSGSG
All bank charges to be borne by payer. Please ensure that Asia Edge Pte Ltd
receives the full invoiced amount.
PAYMENT POLICY
Payment is due in full at the time of registration. Full payment is mandatory
for event attendance. By submitting this registration form, you have agreed
to Asia Edge Pte Ltd’s payment terms
CANCELLATIONS & SUBSTITUTIONS
You may substitute delegates at any time. ASIA EDGE PTE LTD does not
provide refunds for cancellations. For cancellations received in writing more
than seven (7) days prior to the training course you will receive a 100% credit
to be used at another ASIA EDGE PTE LTD training course for up to one year
from the date of issuance. For cancellations received seven (7) days or less
prior to an event (including day 7), no credits will be issued. In the event that
ASIA EDGE PTE LTD cancels an event, delegate payments at the date of
cancellation will be credited to a future ASIA EDGE PTE LTD event. This credit
will be available for up to one year from the date of issuance. In the event
that ASIA EDGE PTE LTD postpones an event, delegate payments at the
postponement date will be credited towards the rescheduled date. If the
delegate is unable to attend the rescheduled event, the delegate will receive
a 100% credit representing payments made towards a future ASIA EDGE PTE
LTD event. This credit will be available for up to one year from the date of
issuance. No refunds will be available for cancellations or postponements.
ASIA EDGE PTE LTD is not responsible for any loss or damage as a result of a
substitution, alteration or cancellation/postponement of an event. ASIA
EDGE PTE LTD shall assume no liability whatsoever in the event this training
course is cancelled, rescheduled or postponed due to a fortuitous event, Act
of God, unforeseen occurrence or any other event that renders performance
of this training course impracticable or impossible. For purposes of this
clause, a fortuitous event shall include, but not be limited to: war, fire, labor
strike, extreme weather or other emergency.
PROGRAM CHANGE POLICY
Please note that speakers and topics were confirmed at the time of
publishing; however, circumstances beyond the control of the organizers
may necessitate substitutions, alterations or cancellations of the speakers
and/or topics. As such, ASIA EDGE PTE LTD reserves the right to alter or
modify the advertised speakers and/or topics if necessary. Any substitutions
or alterations will be updated on our web page as soon as possible.
This brochure may not be copied, photocopied, reproduced,
translated, or converted to any electronic or machine-readable
form in whole or in part without prior written approval of ASIA
EDGE PTE LTD
ASIA EDGE PTE. LTD.
Company Registration No: No. 200710561C
Copyright@ 2005 ASIA EDGE PTE LTD. All rights reserved.
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Delegate 2
 Mr  Ms  Mrs  Dr  Others:
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4 EASY WAYS TO REGISTER
 Online: www.petroedgeasia.net
 Email: info@asiaedge.net
 Phone: +65 6741 9927
 Fax: +65 6747 8737
MANAGEMENT OF CHARTERPARTY FOR OIL TANKERS
R E G I S T R A T I O N F O R M

PD189 Management Of Charterparty For Oil Tankers

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