From now until the time you finish this sentence 5,000 barrels of oil will have come out of the ground. Or 10,000 barrels by the end of this one – all of which require transportation to reach their market.
Oil has become the biggest commodity market in the world, evolving from a primarily physical activity into a sophisticated financial arena attracting a wide range of participants including banks and fund managers as well as the traditional oil majors, independents and physical oil traders. Trading is on narrow profit margins. Transportation of product by tankers plays a vital role where delay can suck out all the profit out of a deal. Knowledge of risks from loss of time is a key element of profitability in the supply chain.
The fluctuations in the oil industry, as laws are made or broken, are frequent and the legal landscape is constantly shifting. 2018 has already seen a number of important legal developments for the oil industry. Figuring out where you stand on various issues is the easy part; the difficulty is keeping on top of the changes as and when they happen.
Asdem's tanker conferences provides the means of staying up to date will help you gain experience and give you a competitive edge.
Our conferences provide a forum in which learning and asking questions without judgement is the key to building your knowledge and seeing things from another perspective. Getting out of the office to attend Asdem’s conferences and networking with new people keeps you abreast of your competitors’ thinking, which can be used to your, and your employer’s, advantage.
Drawing on their expertise and experience, our speakers outline a practical approach to delay claims in the tanker industry. Detailed and concise studies of recent case law are used to consider the latest developments and explain a more dynamic and proactive approach to the settlement of claims, often taken in the international market, to help reduce the time and cost of commercially harmful disputes.
As this is an active learning event we encourage delegates to bring along case studies, problems or any dilemmas commonly faced, engage with the issues they raise, as well as analyse, participate and collaborate with each other on them.
Directly following the conference, we have also organised an evening drinks reception and Gala Dinner where you will have an excellent opportunity to meet the conference presenters as well as make new business contacts among the delegates. The cost of the drinks reception and dinner is included in the conference fee.
PROGRAMME
09:00 - 09:30 ARRIVAL AND REGISTRATION
Morning tea and coffee with light breakfast.
09:30 – 09:45 CHAIRMAN'S WELCOME AND INTRODUCTION TO THE CONFERENCE
09:45 – 10:30 SESSION 1:
The “breakdown” exception – when and how does it apply? Does it apply to partial breakdowns or inefficiency of a loading/receiving terminal which operates with a well-known malfunction or only to “complete” or “total” breakdowns?
ANDREW WILDING, MANAGING DIRECTOR, ASDEM LIMITED
10:30 – 11:15 SESSION 2:
The 90-day time bar clause - the latest developments on the law relating to such clauses and an analysis of the very latest judicial pronouncements in 2018 on the doctrine of strict compliance with the requirement of what documents are essential to support a claim.
CORIN RICKETTS, MANAGING ASSOCIATE (TRADE, ENERGY & SHIPPING), INCE & CO., SINGAPORE
11:15 – 11:30 Morning tea and coffee break
11:30 – 12:15 SESSION 3:
Charterers obligations to provide a berth a vessel can enter and leave – we consider the charterers obligation to provide a terminal berth which it can always access and always leave and the claims for waiting time to depart a terminal after completion of cargo operations.
PROFESSOR NEALE GREGSON, CHARTERED ARBITRATOR & ACCREDITED MEDIATOR, THE ARBITRATION CHAMBERS
12:15 – 12:45 SESSION 4:
Workshop session/discussion with delegate participation – The Broker in The Spotlight – Whose side is the agent on (if any) when handling operations and claims documentation?
12:45 – 14:00 Lunch at The Mandarin Orchard's Triple Three restaurant
14:00 – 14:30 SESSION 5:
The ASBATANKVOY form charterparty – is this now heavily amended charter form still workable 50 years after it first appeared? The pros and cons of using this charter form.
ANDREW LEE, PARTNER, HILL DICKINSON, SINGAPORE
14:30 – 15:15 SESSION 6:
Waiting time – waiting time/time spent waiting for orders outside a port – operators often instruct a vessel to wait at a designated place – in what circumstances can they do so? Does an implied contract arise and what are the consequences and what are the terms of such a contract if it arises?
ANDREW WILDING, MANAGING DIRECTOR, ASDEM LIMITED
15:15 – 15:30 Afternoon tea and coffee break
15:30 – 16:15 SESSION 7:
Payment delays – delays in payment plague the industry from the well head to the end user and most parties involved – seller, buyer, trader, charterer and of course owners – suffer. How to avoid delays in the payment chain and strategies and clauses for minimising them?
IAN TEO, PARTNER, RAJAH & TANN, SINGAPORE
16:15 – 16:45 SESSION 8:
Mock Arbitration/Claims Surgery with delegate participation – the conference will finish an informal “Help Desk/Claims Surgery” during which you may ask our panel of expert speakers any questions you may have regarding your contracts or issues that commonly occur. Please feel free to bring along any documents or other materials which you would like to discuss.
16:45 – 17:00 CHAIRMAN'S CLOSING REMARKS
18:00 – 18:30 Cocktail reception
18:30 – 20:30 Conference dinner
If necessary, Asdem reserves the right to change the programme for this event.
COST AND VENUE
The fee for this 1-day intensive conference, which will be held at the Mandarin Orchard Hotel in Singapore, is US $550 per delegate. Parties who prefer to pay in Singapore Dollars may do so at a cost of SG $750 per delegate.
The fee includes all documentation, refreshments, lunch, a drinks reception and gala dinner to be held on the evening of 2 November at the Mandarin Orchard. Please inform us if you have any special dietary requirements.
This fee does not, however, include accommodation. If you require accommodation, please contact the Mandarin Orchard Hotel on +65 6737 4411 for reservations.
The Mandarin Orchard Hotel is located at 333 Orchard Road, Singapore (+65 6737 4411). A location map for the Mandarin Orchard Hotel can be viewed by clicking here.
