To explain amongst other things how a contract is formed & what the effect is of a deal recap…
Welcome to
Oil Industry Training
45 Seminars available
Contracts Seminars
FOB Contracts
To provide an understanding of the interrelationship of duties between buyers & sellers under a FOB contract…
CIF Contracts
This talk aims to consider the effect of contractually agreed arrival dates & title and risk to the cargo in cases where contamination occurs during the ocean passage.
BP VOY4 & typical additional terms
This Seminar seeks to share the reasoning & purpose behind the amendments & additional terms typically made to this charter party form.
Interim ports clauses
This seminar aims to explain the costing variations that exist between different forms of interim/additional port clauses.
Tanker Charter Parties
This seminar aims to provide an overview of the main Charter Parties used in Oil Business.
Charter Parties, Contracts & Terminal Agreements
This Seminar aims to provide an overview of the relationships in the business.
Shell General Terms and Conditions 2010 – an overview
This seminar aims to provide a highlight of relevant clauses and their impact.
Laytime & Demurrage/Detention Seminars
Exceptions to Laytime & Demurrage
This talk aims to provide an understanding of how the laytime and demurrage clock can be stopped, once time has started to count.
Laytime & Demurrage in sale contracts
This will explain how sale contract demurrage clauses differ and the effect of this difference.
Nominations Under Oil Contracts & Their Impact on Laytime & Demurrage
When time starts when nomination are given late under various Trading Terms & conditions.
Recovering Freight Differentials, Deviation & Detention under CIF & CFR Contracts
How these costs should be treated under GTCs to Ensure Charterer is not out of pocket.
Weather Delays & Strikes
An overview of how some Charter Parties and GTcs deal with these delays.
Owners Purposes
What time is spent on Owners Purposes and how is this treated under the charter party.
Detention
What time is spent on Owners Purposes and how is this treated under the charter party.
Storage Terminals & Demurrage
Awareness of demurrage implications in Storage Contracts.
Cargo Loss & Contamination Seminars
Petroleum Contamination Claims
the steps that a trader should take and also might be taken against a sale contract counterparty or the vessel…
Cargo Heating
Realising the benefits of efficient cargo heating and minimising loss…
Cargo Loss
Moving cargo from A to B results in a loss of product. Why does it happen, where does it happen and what can be done to minimise the loss?
Operations
The Operator
What makes a good operator? (In the eyes of management / In the eyes of a trader)? How and why the role varies by company, trading floor and even trading bench.
Operations Management Procedures
Managing significant risk in a world of increasing demands, priorities, excessive data and information.
Tanker fundamentals
To gain a basic understanding of what, for most people, is their cargoes primary mode of transportation.
Tanker Pumping Systems
Awareness of efficient (and not so efficient) systems. What goes in rarely comes out. The benefit of trim and list.
Ship Vetting
Why vetting is essential and what part does the cargo operator play in the process? What does ‘vetting’ comprise of and how does it impact on safety and ships overall performance across the globe.
Cargo Inspectors & Superintendents
Defining the roles and the key differences. Perception versus reality. What to expect (and what not to expect), along with the costs.
Inspection nominations
Making sure you get exactly what you want from your appointed inspector. A basic nomination will result in a basic inspection. If you don’t ask (specifically) you don’t get.
Letters of Credit
A simple process that often goes wrong for many reasons. The risk associated with a mistimed or discrepant L/C can be significant.
Ship to Ship transfer operations
Increasingly used around the world, covering ships of all sizes. An operation that needs awareness along with careful monitoring and management.
Documentary Instructions and Voyage Orders
Inconsistent formats range across the industry. Clear and concise instructions that meet your company’s operational needs are fundamental requirements.
Oil Cargoes Testing & Analysis
Oil Cargoes
To introduce the different properties and storage/carriage requirements of some of the most common oil cargoes and give examples of common problems
Oil Cargo Measurement
To explain the steps required to accurately measure and calculate oil cargo quantities
Oil Cargo Sampling
To explain how cargo samples are drawn, the various types of samples that can be taken and the challenges of obtaining reliable, representative samples.
Oil Cargo Analysis
To explain how samples are analysed to determine compliance with specification and to investigate quality complaints.
Oil Cargo Shortage Claims
To explain how shortage claims can arise (paper vs physical losses) and how they are investigated
Oil Cargo Quality Claims
To explain how quality claims can arise and how they are investigated.
Mitigating Off-Specification Oil Cargoes
To explain the options available when faced with an off-specification oil cargo.