Interpreting and Managing Time Charter party for Offshore Support Vessels
Marine & Offshore · 5 Days · Public · Al-Khobraa certified · From USD 3,900
Overview
This 5-Day training program is an advanced level course, with a hands-on workshop for management executives with prior knowledge of contract law and experience in Charter party management. The course is designed from an operator's and practitioner's perspective, so as to equip the business owners and managers with necessary knowledge and expertise in the shortest possible time, by learning from the bitter experiences of their predecessors. Participants will be guided through a word-by-word review, evaluation, and interpretation of the supply time Charter party clauses.
Learning Objectives
Restructure the Charter party agreements with alternative clauses to avoid pitfalls and surprises during execution;
Evaluate the impact of uncertainties and identify undefined parameters with cost considerations;
Appraise potential risks and develop risk mitigation strategies;
Enhanced consciousness about the rider clauses and commercial impact of each such addition;
Deal with breakdowns 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 course is focused on the interpretation and application of clauses in the SUPPLYTIME Charter party Form, based on special request from the OSV industry segment
The Course developer and the trainer is an experienced professional from within the industry
Real-Life Case Studies: The course is driven by day to day practical issues faced by the peers
The cases will demonstrate the influence of international conventions
Participants will be equipped with the easy to understand “Methodology for Negotiating Successful Charter party”
Who Should Attend
This course is designed for professionals working in marine and offshore operations, as well as those whose responsibilities require a stronger practical grasp of the subject and its application within their organisation.
Professionals in Offshore Structures
Marine and offshore engineers
Operations and technical personnel
Course Outline
Day 1 — 1. Making a Choice of the Charter party Form
(SHELLTIME4, BPVOY, ASBATANKVOY, GASVOY, GASTIME, BPTIME) in the context of the type of Cargo, Vessel Type, terminals and duration
2. Comprehensive Risks Identification, Evaluation and Mitigation Strategies
– Computation and allocation of idle time
Day 2 — – Explicit measurement criteria for Laytime and…
– Implication of SIRE
3. Termination of Time Charters for Cause and for Convenience
– Can the delays in damage repairs be considered as a breach?
Day 3 — – Fall in Market Prices and Restructuring of the…
4. Tank Cleaning Costs and Risk of Contaminants
– How much time and cost can a Charterer pay for tank cleaning and slops
Day 4 — – Liabilities of Charterers for cargo tank…
– Liability of Terminal Operators and service providers in causing contaminations
5. Performance Obligations of the Parties as per the Charter Party Agreement
Day 5 — – Charterer’s Obligations, Bunkers and Boil-off Gas…
– Owner’s Obligations and Liabilities, ROB, Limits of Boil-off and Cargo Loss
– Bills of Lading and Responsibility Assignment Matrix
Accreditation
Al-Khobraa certified. On completion delegates receive an Al-Khobraa certificate of achievement.
What do Al-Khobraa marine and offshore courses cover?
The portfolio covers offshore safety and survival, marine and vessel operations, dynamic positioning, port and terminal operations, marine cargo handling, offshore installation and rig operations, and marine inspection and maintenance — aligned with international maritime standards.
Who should attend a marine or offshore course?
These courses suit marine and offshore engineers, vessel and rig crews, port and terminal operations staff, marine superintendents and surveyors, offshore HSE personnel, and logistics or contractor teams supporting offshore installations.
How long are marine and offshore courses, and where are they held?
Most Al-Khobraa marine and offshore courses run over 5 days. The exact duration, dates and city for this course are listed in the dates section on this page. Public sessions run across Saudi Arabia — Riyadh, Jeddah, Al-Khobar, Jubail and Yanbu — as well as regional and international venues, with live virtual classrooms available on request.
What certificate will I receive?
Delegates who complete the course receive an Al-Khobraa certificate of completion, issued by a Saudi-registered training provider. Al-Khobraa also delivers internationally accredited programmes; where a course carries an external awarding body such as PMI, CIPS, ILM or IOSH, that body is named on the course's own page.
Can marine and offshore training be delivered in-house for our team?
Yes. Any Al-Khobraa marine and offshore course can be delivered in-house at your own premises anywhere in Saudi Arabia or the GCC, with the content, dates and language of delivery tailored to your team. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support. Contact us for a quotation.