Managing Charterparty and Contemporary Challenges Facing Oil Tankers (MC066)

“No Clause of the Charterparty should Spring a Surprise for the Parties!”

MATF Course Code MC066 – Preapproved for ProTER Grant

In this three-day intensive workshop, the participants will be able to acquire expertise from real life experiences enabling them to deal better with the contemporary challenges facing Oil Tankers today. Some of the key challenges addressed in this intensive workshop are:

Making a Selection of a Charterparty Form (SHELLTIME4, BPVOY, ASBATANKVOY, ++) in context of type of Petroleum Cargo, Vessel Type, contemplated 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
  • Implied impact 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 Rates and Restructuring of the existing Time Charterparty

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 Charterparty Agreement

  • Charterer’s Obligations
  • Owner’s Obligations and Liabilities
  • Bills of Lading and Responsibility Assignment Matrix

Who Should Attend

This could be a mandatory course if you are: Tanker Owner, Charterer, 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.

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