$3,795 – $3,995

Commercial Tanker Operations – Advanced Risk Management Strategies

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Sheraton Towers Singapore

39 Scotts Road

Singapore, 228230

Singapore

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Organized by M.I.C.E Global Pte Ltd

About this Event

COURSE OVERVIEW

In today's tough market conditions with all sectors of the shipping industry, especially the oil tanker market, going through a very rough phase, making the right business decisions has become even more imperative to protect the bottom line. However, to make these decisions, a very good understanding of both the commercial and regulatory aspects of the tanker market is essential.

This 3-day advanced course in tanker risk management strategies will provide you an in-depth understanding and appreciation of the associated risks in operating tankers. Case studies and practical workshops will provide hands-on experience of risk management strategies. The emphasis is on the application of these practical risk management strategies both from an owners and charterers perspective to minimize risk, improve business returns and performance.

KEY BENEFITS OF ATTENDING

Upon completion of this course, you will gain knowledge on:

  • Get a better understanding of the physical tanker market, trade routes/patterns and current state of the tanker markets
  • Learn about the legal and regulatory requirements to operate tankers including requirements of SIRE and TMSA
  • Understand the Commercial Tanker Market Practice including role of market participants, concept of voyage estimating, key clauses of tanker charter parties, charter evaluation and voyage economics
  • Learn about various risk management tactics and practical strategies and their implementation to enhance commercial returns and business performance
  • Improve your competitive position by learning about tanker pooling arrangement, their pros & cons
  • Hedge your freight rate risk in tanker operations by gaining a better understanding of freight derivatives and other period charter arrangements
  • Learn about various dispute resolution mechanisms
  • Case studies and practical workshops on charter evaluation, voyage economics and fleet coverage strategy provide in-depth understanding of concepts and the opportunity to test your skills in a practical market setting to secure the best charter deal

WHO SHOULD ATTEND

This advanced risk management strategies course will be of interest to the chartering and post fixture operations departments of tanker owners, charterers, operators, shipbrokers, chartering divisions of major oil companies, trading and distribution companies, maritime lawyers and anybody else working in the tanker transportation sector with a few years of experience.

WORKSHOP FEE

SGD 3,995 per delegate

SGD 3,795 per delegate if 2 or more delegates sign up

Limited seat available.

For more information, please email to serene.l@miceglobal.com.sg and quote EB294.

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Date and Time

Location

Sheraton Towers Singapore

39 Scotts Road

Singapore, 228230

Singapore

View Map

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