About This Course

Despite falling oil prices, the demand for LPG is growing at a much faster pace both in under developed and developed markets in Asia. There has been a steady increase in the number of LPG tankers as compared to LNG in the Middle East to Asian routes. There is now an important focus on the use of LPG vessels specific Charter Party Agreements to avoid the ambiguity of dormant clauses by adopting commonly used Charter Party Forms for petroleum tankers.

This 2 day training course with built-in workshops is exclusively developed “by and for” the professionals, engaged in niche segments of LPG Tankers (Ship Owners, Charterers and Ship Operators). Whether freight rates are high or inadequate to meet daily running costs of a vessel, the terms of engagement or the Charter Party must be reviewed microscopically. The operator 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.

“Each Clause of the Charterparty should be in context of the Vessel Capability, Number of Parties and the Nature of the Cargo!”

In this 2 day training course, you will be able to acquire expertise from real life experiences enabling them to deal better with the contemporary challenges facing gas export, import and transportation by LPG Tankers today.

Why You Should Attend

This course is developed to meet the needs of the hour of the LPG industry fraternity, encompassing the following underlying objectives:

  • Enhance the interpretation and applicability of clauses in a Charter party in context of the available commercial proposition, market forces and economics of demand and supply;
  • Evaluate types of Charter party Forms for Voyage and Time Charter and comprehend the key features of each Form in context of use for LPG;
  • Interpret terms and conditions of a Charter party in context of international maritime conventions, competition and economic factors;
  • Evaluate 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 Charter party; and
  • Create a Charter party Management System (CMS) in the company to ensure profitability for each voyage and term.

Who Should Attend

This is a “must attend” course for:

LPG gas trader, LPG tanker owner, charterer, broker, terminal operator, LPG producer, buyer, port or facility owner.

The respective key personnel who should attend are:

General Manager, Commercial Manager, Business Development Manager, Legal Counsel, Supply Chain, Marketing, PostFixtures Manager, Fleet Manager, Marine & Technical Superintendent, Senior Engineer or Middle Level Manager as part of succession planning.

What You Will Learn

Upon completion of the course and hands-on workshops based on real life cases, you 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

To get the full brochure and registration details, go to the organizer’s website >>>