Charterparty Management for Liquefied Petroleum Gas (LPG) Tankers

This course is developed to meet the need of the hour, and with the following objectives:

• Upgrade Chartering Processes by incorporating contemporary LPG Specific Charter Party Forms.
• Enhance the interpretation and applicability of clauses in a Charterparty in context of the available commercial proposition, evolving 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 uncertainty of 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 and create a Charterparty Management System (CMS) in the company to ensure profitability for each voyage and duration of the Charter.

Expected learning outcomes:

Upon completion of this course and hands-on workshops which are based on real life cases, the delegates would have enhanced their knowledge base and be able to:

• Gain familiarity with and benefits of using latest LPG Specific Charterparty Forms.
• Restructure the Charter party agreements with alternative clauses to avoid pitfalls and surprises during execution in a turbulent economic environment.
• Evaluate impact of uncertainties, banking restrictions, currency controls, embargoes 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.
• Manage contentious situations through alternative dispute resolution channels and litigation effectively.

Participants Will Start Saving Costs by Applying the Lessons Learned to Their Current Business Operations from the First Day Itself!

LPG Gas traders, LPG Tanker Owners, Charterers, Brokers, Terminal Operators and Senior Executives holding key management position as Director, General Manager, Commercial Manager, Business Development Manager, Legal Counsel, Post-Fixtures Manager, Fleet Manager, Marine & Technical Superintendent, and Middle Level Manager marked for succession planning.

• Intermediate
• Advanced

Some of the key topics addressed in this intensive workshop are:

• Clause-by-Clause Analysis of ASBGASVOY and GASTIME Charterparty Form with SHELLTIME, BPVOY, ASBATANKVOY, BPTIME in context.
• Contemporary Risks Identification, Evaluation and Mitigation Strategies.
  1. Criteria for computation and allocation of idle time
  2. Inexplicit measurement criteria for Lay time and Demurrage Claims
  3. Implication of SIRE and Obligations of the Owners
• Invoking Termination Clause for a Cause and/ or Convenience vs Continuation
  1. Can the delays in damage repairs be considered as a breach?
  2. Apparent or real risks of piracy, social unrest, or rhetoric of wars
  3. Sanctions and Restructuring of the current Charterparty
• Tank Cleaning Costs and Risk of Contaminants
  1. How much time and cost can a Charterer pay for tank cleaning and disposal of toxic slops, cooling of tanks and ROB?
  2. Liabilities of Charterers for debris / damage caused by a cargo
  3. Liability of Terminal Operators and service providers in causing contaminations
• Performance Obligations of the Parties as per the Charterparty Agreement
  1. Charterer’s Obligations, Bunkers, and Boil-off Gas Limits
  2. Owner’s Obligations and Liabilities, ROB, Limits of Cargo Loss
  3. ASBAGASBILL, Electronic Bills of Lading and Responsibility Assignment Matrix

Your expert course leader, during the last 47 year period, has worked and consulted in the industry verticals encompassing: Technology, Oil & Gas Exploration & Production, Petrochemical Process Plants and Power Plant Construction Projects, Logistics & Warehousing, Marine, Offshore, Oil & Gas Pipelines, Infrastructure Development Projects (Ports, Offshore Supply Bases, Oil & Gas Terminals and Airports etc), EPCIC Contracts, and Shipyards, in South East Asia, Africa, Middle East, Americas and Europe.

He serves as the Principal Management Consultant with a management consultancy firm in Hong Kong and Singapore, specialising in the fields of corporate management consultancy, international contracts reviews and alternative dispute resolutions services. He undertakes special assignments for conducting audits and valuation of intangible properties involving proprietary processes for licensed production, and licensing of intellectual property rights (IP Rights) in patents, trademarks, and industrial designs. He is frequently engaged for assignments like due diligence, acquisitions, mergers, resolving various operational issues, technology transfer and agency services contracts reviews, cost controls, and enhancement of Supply Chain Management. He has been conferred the credentials of Chartered Valuer & Appraiser (CVA) by SAC and IVAS, in accordance with the international valuation standards setting body IVSC.

His consulting experience includes Charterparty Management, Business Process Re-engineering, Diversifications, Corporate Development, Marketing, Complex Project Management, Feasibility Studies, Dispute Resolutions and Market Research.

He has successfully assisted Marine and offshore E & P clients in managing contractual disputes arising from various international contracts for upgrading & conversion projects. He continues to be actively engaged in claims reviews, mediation, arbitration, litigation, and expert witness related assignments, arising from international contracts and Charterparty Agreements.

He graduated with a bachelor’s degree in Electrical Engineering, MBA in General Management, Master of Technology in Knowledge Engineering, Master of Science in Maritime Studies, and LL.M. (IP Law). He also holds professional qualifications in Business Valuations and Appraisers for CVA, arbitration, law, and marine engineering, including the Chief Engineer’s First-Class Certificate of Competency (MCA, UK).

He is further qualified and accredited as Certified International Arbitrator, Chartered Arbitrator, Sports arbitrator under CAS Rules, WIPO Neutral, Australian Communications and Media Authority (ACMA) Bargaining Code Arbitrator, Accredited Adjudicator and Accredited Mediator (Malaysia). He is admitted to the international panels of arbitrators and neutrals with WIPO, Geneva; ACICA, AMTAC and ACMA, Australia; BVIAC (British Virgin Islands); JIAC (Jamaica); HKIAC Hong Kong; AIAC, Malaysia; AIADR, Malaysia; KCAB, Seoul, South Korea; ICA, Delhi, India; ICC (Singapore); SISV, Singapore; SCMA, Singapore; SCCA, Saudi Arabia; VIAC Vienna, Austria; Thailand Arbitration Centre (THAC), and Mediator with AIAC Malaysia, CMC, and SIMI Singapore.

Unlock the potential of your workforce with customized in-house training programs designed specifically for the energy sector. Our tailored, in-house courses not only enhance employee skills and engagement but also offer significant cost savings by eliminating travel expenses. Invest in your team’s success and achieve specific outcomes aligned with your organization’s goals through our expert training solutions. Request for further information regarding our on-site or in-house training opportunities.

In our ongoing commitment to sustainability and environmental responsibility, we will no longer providing hard copy training materials. Instead, all training content and resources will be delivered in digital format. Inspired by the oil and energy industry’s best practices, we are leveraging on digital technologies to reduce waste, lower our carbon emissions, ensuring our training content is always up-to-date and accessible. Click here to learn more.

To further optimise your learning experience from our courses, we also offer individualized “One to One” coaching support for 2 hours post training. We can help improve your competence in your chosen area of interest, based on your learning needs and available hours. This is a great opportunity to improve your capability and confidence in a particular area of expertise. It will be delivered over a secure video conference call by one of our senior trainers. They will work with you to create a tailor-made coaching program that will help you achieve your goals faster.
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