Tanker Chartering and Operations

12th - 13th October

Venue: The Chesterfield Hotel

Price: £1200 / US $1500 per Delegate

10% Discount for 3 or more delegates

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This two-day seminar has been designed for chartering and operations staff who need to understand the fundamentals of the tanker market. Anyone who services the tanker market and feels they would benefit from a more structured knowledge of the elements of chartering and tanker operations will find the course extremely beneficial.

Personnel from ship brokers, port agencies, inspectors, banks and similar service organisations can gain a valuable understanding of their customers' roles and responsibilities. The comprehensive documentation that accompanies the course has been designed as a useful guide for future reference.


The course covers the structure of the tanker market, how information is gathered and disseminated, how business is quoted and how proposals are evaluated. On day one, delegates will learn the voyage negotiation process and then proceed to charter a vessel. During day two, delegates will operate the charter through its various stages of loading, sailing, and discharging. They will deal with a variety of issues all the way to final closure of the file, including the calculation of freight, demurrage and deviation.

John Cohen, owner of Tanker Shipping Consultancy Services and Andrew Wilding, Managing Director of Asdem, have combined their many years of experience to put together a training course which concentrates on the practical issues relating to voyage charters and tanker operations. The course which has been extensively revised for 2017 takes a typical voyage as its basis in order to provide delegates with an in-depth understanding of the procedures to be followed for chartering and operating vessel contracts. Role-play and hands-on exercises ensure that the delegates will fully understand the reasons for the various decisions they have to take. They will also gain an increased awareness of the many potential pitfalls.


09:15 introduction and course content overview
09:30 The vessel
  • Tanker basic structure and main dimensions
   (length, breadth, draft, tanks, coatings, slops, manifold, heating)
  • Operational considerations
   (draft, salinity, loadlines, TPC, UKC, air draft, segregations, IGS, COW)
10:30 Market structure and process
  • Overview of market development
  • Elements of freight costs
  • Understanding and using Worldscale
11:00 Coffee
11:15 Market structure and process (continued)
  • Gathering market information
  • Quoting vessels and cargoes
  • The broker network and role of the broker
11:45 Negotiations and fixtures
  • Classes of charter party (contract)
  • Owners' and charterers' responsibilities
  • Analysing the voyage contract
12:45 Lunch
14:00 Fixing role-play
  • Quoting a cargo and eliciting offers
  • Choice of vessel
  • Offers and counter-offers
  • Voyage estimating
  • Special clauses
  • The fixture recap
15:45 Tea
16:00 Andrew Wilding – Charter Party Forms
  • Differences between CP forms
  • Risk and exposure variations
16:45 Review of day and Vessel fixing exercise
17:30 Cocktail reception
09:15 Review of Vessel fixing exercise
09:30 Voyage operations before fixing and loading
  • Pre-fixing checks
  • Approvals
  • Reading the recap
  • Monitoring and updating
  • Advancement and delay implications
  • Loading instructions
10:15 Voyage operations at loadport
  • Arrival and NOR
   (arrived ship, free pratique, bad weather)
  • Port characteristics – physical and administrative
  • Berthing and lightering
  • Quantity and quality
  • Bills of lading - including electronic bills of lading
  • Protests
  • Sailing Orders
11:00 Coffee
11:15 Voyage operations at sea
  • Keeping informed
  • Weather routing
  • Deviation, detention and draft restriction
  • Piracy
  • SECA
  • Letters of Indemnity
  • Discharge orders
12:15 Voyage operations at discharge
  • Arrival and NOR
  • Berthing and lightering
  • Revalidated bills of lading
  • Pumping
  • Quantity and quality
  • COW
  • Protests
  • Transit losses
12:45 Lunch
14:00 Operations after discharge
  • Freight calculation
  • Claims and other expenses
  • Outstanding procedures 
   (voyage performance, cancelling LOIs, feeding back issues)
14:30 Demurrage and charter parties
  • Understanding demurrage
  • Interpretation of clauses
15:30 Tea
15:45 Demurrage calculation
16:15 Achieving file closure
  • Handling disputes
  • Closing the file
  Review of the day and course
17:00 Finish


John Cohen, Tanker Shipping Consultancy Services. Following ten years in supply and distribution with Total in the UK, John spent seventeen years in broking and operations, managing and running a number of tanker broking companies. He joined Reuters in 1992 to develop information services for the transport markets and to manage their tanker shipping service. He left Reuters in 2001 and joined Riverside Tanker Chartering, a shipbroking company working in the bulk vegoils, molasses and chemicals markets, as their Operations Manager. Two years' ago he created a separate demurrage department for the company and now works as their head demurrage analyst. John has provided training for the shipping and energy markets in tanker chartering and operations for the last 16 years and, as well as running this course and participating in other Asdem training, he lectures regularly in the UK, Europe and the Near and Far East.

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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