OPERATIONAL AND CONTRACTUAL SUPPLY OF PETROLEUM PRODUCTS
Course Code
LOG 201
Category
Oil & Gas
Scope
Oil & Gas
Duration
4 days
Status
ACTIVE
Competency
Ability to manage operational and contractual supply of petroleum products.
Target Audience
Chartering officers, marine operations coordinators, terminal planners, contract administrators, logistics specialists, and petroleum traders.
Course Overview
The global petroleum supply chain is a complex and dynamic environment. This advanced training course, "Operational and Contractual Supply of Petroleum Products," is designed to equip professionals with the critical commercial, legal, and operational skills needed to navigate the end-to-end supply process of petroleum cargoes. The program is ideal for chartering officers, marine operations coordinators, terminal planners, contract administrators, logistics specialists, and petroleum traders who need to align commercial contracts with the realities of marine logistics. Over five intensive days, participants will examine every link in the petroleum supply chain, from cargo classification and vessel selection to port operations and contractual enforcement. The course places a strong emphasis on the relationship between operational delivery and contractual performance.
Learning Objectives
- Recognize how freight economics (e.g., Worldscale, FFAs) influence chartering decisions.
- Manage the complex interface between all parties involved, including shipowners, charterers, terminals, and inspection agencies.
- Understand the real-time implications of key clauses in charter parties, lifting contracts, and supply agreements.
- Navigate and mitigate operational disruptions such as STS delays, documentation disputes, and vessel vetting failures.
- Identify and reduce exposure to maritime legal risks, sanctions enforcement, and supply chain disruptions.
Daily Topics
Day 1: Supply Chain Overview – Cargo classification, Vessel selection; MARPOL Annex I, SOLAS tanker safety, IBC Code, IGC Code.
Day 2: Freight Economics – Worldscale, FFAs, Chartering decisions; Hague-Visby Rules, Hamburg Rules, Rotterdam Rules, Charter Party agreements.
Day 3: Contractual Framework – Charter parties, Lifting contracts, Supply agreements; Bill of Lading, Letters of Credit (UCP 600), INCOTERMS.
Day 4: Operations – Port operations, STS delays, Documentation disputes, Vessel vetting; ISGOTT, OCIMF guidelines, ISM Code, ISPS Code.
Day 5: Risk Management – Maritime legal risks, Sanctions, Supply chain disruptions, Case studies; National petroleum regulations, industry best practices.
References
Hague-Visby Rules (carriage of goods), Hamburg Rules, Rotterdam Rules, MARPOL Annex I (Oil Pollution Prevention), SOLAS (tanker safety), ISGOTT (International Safety Guide for Oil Tankers and Terminals), OCIMF guidelines, ISM Code (safety management), ISPS Code (security), IMO IBC Code, IMO IGC Code, Charter Party agreements (Asbatankvoy, Gencon), Bill of Lading, Letters of Credit (UCP 600), INCOTERMS, National petroleum regulations.
Upcoming Course Dates
May 3 – May 6, 2027