The masterclass examines different versions of the SUPPLYTIME contract. During the course, we will also examine the practical and legal differences using SUPPLYTIME for other purposes than OSV/AHTS.
The SUPPLYTIME Masterclass addresses essential contractual and commercial topics, including delivery and cancellation, suspension of hire, liabilities and indemnities including the knock-for-knock principle, and how to adapt the contract for other business contexts. Dive into a real-world case studies, engage in interactive discussions, and gain valuable insights to confidently tackle challenges in the offshore energy sector.
Discounts
10% group discount is available for registering 3 or more participants from the same company. Cannot be combined with any other discount.
What will you learn?
Some of the topics the course will cover are:
- How does the contract work across different segments of the offshore energy sector?
- Using SUPPLYTIME for other purposes than OSV/AHTS
- Key clauses and changes from SUPPLYTIME 2005 to 2017
- Condition, maintenance and removal of equipment
- Knock for knock – a practical guide
- Working with rider clauses
Download SUPPLYTIME Masterclass Programme PDF
Case studies
Super Boat (SB) is the owner of the specialist offshore construction vessel. The ship is currently under construction and close to delivery at a well-known yard. SB chartering department receives an enquiry from Rotterdam Offshore Contractors (ROC) as they are looking for a vessel of similar specification for a project in West Africa.
ROC proposes a three-year charter party, with options for two more, at favourable day rates. The contract shall be based on the SUPPLYTIME 2017 form, with a range of amendments, including a larger heave compensated crane and on-board project specific equipment, to be equipped before the vessel departs for West Africa. Some of this equipment will be operated on board by ROC or its sub-contractors’ personnel.
How do the owners protect themselves, and at the same time be seen to accommodate the charterers requirements in a very attractive deal? These are just some of the aspects of one of the cases in the course.
In the case studies, you will work in small groups to consider the scenario and a range of problems that arise. The cases will be a focus for dialogue and will help the participants see how amendments to SUPPLYTIME can serve different purposes for various parties.
Why choose to participate?
You will be taught by hand-picked industry experts who have built a career out of solving complicated commercial disputes in the energy offshore sector.
The combination of theory, discussion and casework will make using SUPPLYTIME forms clearer and more manageable. The trainers will share valuable experiences and point participants towards practical solutions, which can be used on the job. The course will also facilitate networking between international shipping peers and enable long-term learning relationships between the participants.
How will this course help your professional development?
SUPPLYTIME is the benchmark for offshore support vessel agreements – and the industry’s contract of choice. It has also been widely adopted by other sectors looking for a contract offering a comprehensive knock-for-knock framework. This course will assist you in identifying how the form works when being used for a wide variety of tasks, thereby helping you to understand and explain your own risks and exposure. You will be able to discuss issues, such as unused maintenance days at the conclusion of the charter, lay-up provisions and the revised knock-for knock provisions with your superiors, P&I club or legal counsel.
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.
Accommodation and transportation are not included and must be arranged individually.
