Petroleum Loss Control

5th - 6th October

Venue: The Chesterfield Hotel

Price: £1200 / US $1500 per Delegate

10% Discount for 3 or more delegates

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This course is designed for anyone who wants to discover the benefits of operating an oil cargo loss management programme with a view to controlling inventory, improving cargo quality assurance and reducing quantity shortages and claims, either in shore tanks or on vessels. Ideally, delegates should already have some experience of oil trading operations and a basic understanding of inspection or terminal operations. Delegates who have previously attended Asdem 's "Oil Operations" or "Practical Operations" courses would benefit from attending


Good loss management techniques must be used to assist in the prevention and resolution of cargo quantity claims. Often after a cargo loss has occurred, it is exceedingly difficult to find the evidence necessary to prove or defend a claim. Having a loss management programme in place will ensure that the necessary data is available to assist in investigating and resolving claims efficiently.

This fascinating two-day seminar, presented by Martin Stokes (Asdem's Senior Technical Consultant) and Andrew Wilding (Managing Director, Asdem), is designed to be as relevant as possible to the day-to-day responsibilities of the delegates and requires their active participation. It provides a comprehensive introduction to what senior management and oil traders need to ensure that their inventories are fully protected at all times. The emphasis throughout is on devising techniques for avoiding expensive errors and anticipating the problems which habitually draw companies into disputes. Delegates will have the opportunity to investigate case studies in testing situations and adverse trading conditions so they can practice the various techniques they have learnt during the two days. The comprehensive course documentation has been designed to be a useful guide for future reference.

This course has been designed to provide a detailed explanation of the practical methods required to pre-empt and minimise cargo losses. It covers the commercial and practical issues involved in controlling inventory on or off the water. In addition, the course demonstrates tried and tested investigatory tools that can be employed to resolve cargo quantity discrepancies.


09:00 Registration
09:30 Overview of Loss Control
  • Set up of teams for course projects
  • Claims Exercises and Contaminations
  • Four points of Custody Transfer
10:45 Coffee
11:00 Measurement and Sampling
  • API Chapter 17
  • Inspection and Inspectors Role
  • Dynamic and Static Measurement
  • Meter Issues
  • Importance of density and temperature
12:30 Lunch
14:00 Control Spreadsheets
  • Collection of Data
  • Sample data collection and standard spreadsheets
15:30 Tea
15:45 Exercises
  • Quantity Loss
  • Contaminations
  • Team Presentations
17:00 End of Day 1
09:30 Preventing Losses
  • Cargo Expeditors
  • Loss control programs
  • Ship/Shore Differences
10:45 Coffee
11:00 Transit Losses
  • Ship-to-ship transfer losses
  • Table losses
  • Vessel losses
  • ROB/OBQ losses
13:00 Lunch
14:00 Calculations
  • How to calculate third party claims
  • Exercises
15:30 Tea
15:45 Andrew Wilding, Managing Director, Asdem
  • Contract Terms
  • Impact on Losses
  • Insurances Clauses
16:45 Course Review
17:00 End of Day 2


Martin Stokes, B.Sc.(Hons), Asdem 's Senior Technical Consultant, is the main speaker at this course. Martin trained as an analytical chemist and worked initially for ICI before joining the international inspection company, Caleb Brett, in 1975. He has been based in Houston, Singapore and Nigeria and obtained first-hand operational experience working with the Sumed pipeline in Egypt. He has wide experience of all aspects of quality and quantity inspections relating to oil cargoes. He recently retired from his role in Intertek Caleb Brett coordinating all the company's inspections in Europe, Africa and the Middle East and is now Asdem's Senior Technical Consultant.

Andrew Wilding LLB Hons is a maritime lawyer qualified to practice law professionally in England and Hong Kong with over 28 years specialist experience in drafting, negotiating advising on and resolving matters for the oil industry. Andrew also advises on marine, and transportation contracts for ship owners, ship managers, charterers, commodity traders and their insurers. Andrew received an honours degree in law from the London School of Economics (2006). After completing academic studies Andrew trained professionally in the design construction and operation of oil tankers and commercial shipping at the University of London and obtained significant practical experience from time spent at sea.

Andrew then trained and qualified as a maritime specialist in the City of London with a premier maritime law firm Sinclair Roche and Temperley (SRT). Upon qualification Andrew moved to Hong Kong and was an Associate in the Hong Kong office of SRT prior to joining the Singapore office of Stephenson Harwood (following their merger with SRT) where he was made a Partner, and was responsible for establishing and running a successful shipping litigation department at Stephenson Harwood's office in Singapore a department which continues to thrive to this day. Whilst in practice Andrew appeared before the English House of Lords, The Privy Council and The Court of Appeal as well as arbitration tribunals throughout the world including Japan, Korea, Hong Kong, India, Malaysia, Paris, London and New York.

Andrew left Stephenson Harwood in 2008 to join Roger Sepkes at Asdem and set up Asdem's Singapore office where he now works as its Managing Director focusing on working as a commercial and legal specialist advisor and consultant to the oil industry. Following Roger's retirement in 2016 Andrew was appointed the Managing Director of Asdem.

Andrew is a visiting professor of English Maritime Law and has lectured for numerous academic and professional institutions in Japan, Korea, China, Singapore, Hong Kong, London and the United States. He is the author of numerous published articles on Maritime Law and has contributed to a number of books for the oil and gas industry.


The fee for this intensive 2-day training, which will be held at the Chesterfield Mayfair Hotel in London, is £1,200.00 plus VAT at 20%*.

Parties who prefer to pay in US Dollars may do so. The cost is US $1,500.

The fee includes all documentation, refreshments, and lunches. Please inform us if you have any special dietary requirements. This fee does not, however, include accommodation.

If you require accommodation during this training the Chesterfield Mayfair is offering a special delegate rate of £234 + VAT (Single) or £254 + VAT (Double) per room per night including breakfast. If you would like to make a booking, please contact the Chesterfield on +44 20 7491 2622 and quote "ASDEM" when making your reservation. Please note that the special delegate rates quoted above are subject to room availability at the time of booking confirmation.

The Chesterfield Mayfair is located at 35 Charles Street, Mayfair, London W1J 5EB (+44 20 7491 2622). A location map for the Chesterfield Mayfair hotel can be viewed by clicking here.

If you require accommodation elsewhere, please contact our reservation agents, Capita Travel and Events, on +44 (0) 844 793 7044, quoting our reference "ASDLON". They can negotiate competitive rates at other hotels nearby. This is a free service to Asdem delegates.

*Under current Excise regulations only delegates from companies based in the UK are required to pay VAT on conferences and seminars held in the U.K.

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