Tanker Charter Party Workshop Masterclass

The Masterclass provides a comprehensive and practical exploration of the legal and commercial complexities of tanker chartering. Over two intensive days, you will gain a deeper understanding of the key terms in a range of voyage and time charterparty contracts, with a particular focus on, but not limited to, ASBATANKVOY and the different versions of BPVOY, SHELLVOY, and BPTIME.

The programme covers key aspects of shipowner and charterer obligations, including seaworthiness, cargo operations, laytime and demurrage disputes, payment of freight and hire, and risk allocation. Additionally, we will examine a wide range of issues, such as NOR and laytime, oil major vetting, letters of indemnity (LOIs), and cargo disputes. Through expert-led discussions and case studies, you will expand and develop the skills to better assess contractual risks, resolve disputes, and negotiate more effectively.

Discounts

10% group discount is available for registering 3 or more participants from the same company.

What will you learn?

• The key features of key tanker charter party forms, including ASBATANKVOY, BPVOY, SHELLVOY, and BPTIME.

• The fundamental legal and contractual obligations of shipowners and charterers in voyage and time charters.

• The principles of laytime calculation, demurrage disputes, and Notice of Readiness (NOR) requirements.

• Payment structures in tanker chartering, including freight, deadfreight, hire payments, deductions, and off-hire scenarios.

• The legal and operational implications of deviation, cancellation, and last voyage clauses in time chartering

• The role of port nominations, berth availability, and terminal compliance in charter party agreements.

• Key cargo-handling issues, including sampling, commingling, contamination risks, and ROB (Remaining on Board) clauses.

• The importance of oil major vetting and approval processes, including contractual obligations and risk management.

• The use of Bills of Lading in tanker charters, including their interaction with charter party terms and sale contracts.

• The role and risks of Letters of Indemnity (LOIs) in tanker trades, including their legal and P&I implications.

Download Charter Party Workshop on tankers programme PDF

Why choose to participate?

This Masterclass offers a unique opportunity to gain expert knowledge of the legal, operational, and commercial complexities of tanker chartering. Whether you work for a shipowner, charterer, broker or law firm, you will be better equipped to understand the intricacies of tanker charter party contracts to mitigate risks and optimise business outcomes.

This workshop goes beyond theory by providing practical insights into real-world challenges, such as laytime disputes, off-hire claims, and cargo handling issues. You will be engaged in interactive discussions and case studies that simulate common contractual challenges, helping to develop critical problem-solving skills. The course is led by industry professionals with extensive tanker shipping experience, ensuring attendees receive relevant and up-to-date knowledge.

By attending, you will enhance your ability to negotiate, interpret, and manage tanker charter party agreements effectively, equipping yourself with the tools needed to confidently navigate the complexities of tanker operations.

Course certification

Participants will be given an option of taking a final assessment (open-book test) at the end of the course, and Certificate of Achievement will be issued with a grade (distinction, merit or pass). Those not taking the assessment will receive a Certificate of Attendance.

 
Course materials

BIMCO issues electronic course files as an Adobe PDF file enabling you to make personal notes using a computer or tablet. Please bring a computer or tablet! All documentation and presentations will be in English.

Note

Lunch and coffee breaks are included in the course fee. 
Please note that accommodation and transportation are not included and must be arranged individually.

Delivered in cooperation with: