Code Date Venue Early Bird Fee Fee
PD504 21 - 22 May 2020 Singapore SGD 2,844
SGD 3,043 (GST Inclusive)
SGD 3,044
SGD 3,257 (GST Inclusive)
Remind me of Course Dates

Code

PD504

Date

21 - 22 May 2020

Venue

Singapore

Early Bird Fee

SGD 2,844
SGD 3,043 (GST Inclusive)

Fee

SGD 3,044
SGD 3,257 (GST Inclusive)

About this Training Course

The transportation of LPG by ships started since the pre-World War II era. Thereafter the growth in LPG consumption and technological advancements in Gas Tanker Ships design has been increasing steadily. Despite the falling oil prices, the demand for both LPG and LNG is growing at a much faster pace in both undeveloped and developed economies of Asia. There is a sharp increase in number of LPG tankers as compared to LNG Tankers trading from GOM, M-E to Asian routes. The focus is now on use of LPG vessels specific Charter Party Agreements, to avoid the ambiguity of dormant clauses when adopting commonly used Charter Party Forms for Oil Tankers.

This course and workshop is exclusively developed and regularly updated “by and for” the professionals, engaged in niche segments of LPG Tankers (Ship Owners, Charterers, Terminal Operators and Brokers) for LPG related cargoes. Whether freight rates are high or inadequate to meet daily running costs of a vessel, the terms of engagement or the Charterparty must be reviewed microscopically. One has to ensure that all risks are well apportioned and appropriately mitigated. The number of intermediaries and multi-party transactions impose new and unknown risks for LPG Tanker Owners and Stakeholders in the Value Chain.

In this 2 day workshop, the participants will be able to share and acquire new expertise from real life experiences, enabling them to deal better with the contemporary challenges, facing Gas Export, Import and transportation by LPG Tankers.

This course is developed to meet the need of the hour for the LPG Gas Tankers and Terminals operators’ fraternity, encompassing the following underlying objectives:

  • Enhance the interpretation and applicability of clauses in a Charterparty in context of the available commercial proposition, market forces and economics of demand and supply;
  • Edit relevant and most appropriate type of Charterparty Form for Voyage and Time Charter and comprehend the key features of each Form in context of its use for LPG;
  • Interpret terms and conditions of a Charterparty in context of international maritime conventions, competition and economic factors;
  • Incorporate influencing attributes of current and future trends in LPG transportation and the influence of regulatory regimes and strategies of Oil & Gas Majors, Spot Traders and Storage Terminals;
  • Recognize the avenues of collaboration, contentions, conflicts and manage disputes to avoid losses;
  • Manage operations towards ensuring delivery of performance obligations under the Charterparty; and
  • Create a Charterparty Management System (CMS) in the company to ensure profitability for each voyage and duration of charter.

Expected Learning Outcomes

Upon completion of the course and hands-on workshops based on real life cases, the delegates would have enhanced

their knowledge base and 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 in Bill of Ladings and develop risk mitigation strategies;
  • Enhanced consciousness about the rider clauses and commercial impact of each such addition;
  • Ability to deal with breakdowns, contaminations 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.

This is a “must attend” course for:
LPG Gas trader, Tanker Owner, Charterer, Broker, Terminal Operator and holding key management position as Director, General Manager, Commercial Manager, Business Development Manager, Legal Counsel, Post-Fixtures Manager, Fleet Manager, Marine & Technical Superintendent, Senior Engineer or Middle Level Manager marked for succession planning.