Interpreting and Managing Time Charter party for Offshore Support Vessels
| Start Date | End Date | Venue | Fees (US $) | ||
|---|---|---|---|---|---|
| Interpreting and Managing Time Charter party for Offshore Support Vessels | 19 Apr 2026 | 23 Apr 2026 | Singapore | $ 4,950 | Register |
| Interpreting and Managing Time Charter party for Offshore Support Vessels | 09 Aug 2026 | 13 Aug 2026 | Dubai, UAE | $ 3,900 | Register |
| Interpreting and Managing Time Charter party for Offshore Support Vessels | 22 Nov 2026 | 26 Nov 2026 | Amman, Jordan | $ 4,500 | Register |
Interpreting and Managing Time Charter party for Offshore Support Vessels
| Start Date | End Date | Venue | Fees (US $) | |
|---|---|---|---|---|
| Interpreting and Managing Time Charter party for Offshore Support Vessels | 19 Apr 2026 | 23 Apr 2026 | Singapore | $ 4,950 |
| Interpreting and Managing Time Charter party for Offshore Support Vessels | 09 Aug 2026 | 13 Aug 2026 | Dubai, UAE | $ 3,900 |
| Interpreting and Managing Time Charter party for Offshore Support Vessels | 22 Nov 2026 | 26 Nov 2026 | Amman, Jordan | $ 4,500 |
Introduction
This 5-Day training program is an advanced level course, with a hands-on workshop for management executives with prior knowledge of contract law and experience in Charter party management. The course is designed from an operator's and practitioner's perspective, so as to equip the business owners and managers with necessary knowledge and expertise in the shortest possible time, by learning from the bitter experiences of their predecessors.
Participants will be guided through a word-by-word review, evaluation, and interpretation of the supply time Charter party clauses. They will also be exposed to the art of drafting of the project-specific clauses or rider clauses.
When freight rates are inadequate to meet the daily running costs of a vessel, the terms of engagement or the Charter Party must be reviewed microscopically to ensure that all risks are well apportioned and appropriately mitigated. In this intensive training course, you will be able to acquire expertise from real-life experiences, enabling you to deal better with the contemporary challenges facing Oil Tankers today.
Objectives
- Restructure the Charter party agreements with alternative clauses to avoid pitfalls and surprises during execution;
- Evaluate the impact of uncertainties and identify undefined parameters with cost considerations;
- Appraise potential risks and develop risk mitigation strategies;
- Enhanced consciousness about the rider clauses and commercial impact of each such addition;
- Deal with breakdowns and delays in an appropriate and timely manner with an objective of avoiding loss of time and deviations from the desired monetary projections;
- Recognize the appropriate Standard Form to be used for each type of assignment; and
- Manage contentious situations through alternative dispute resolution channels and litigation effectively.
- This course is focused on the interpretation and application of clauses in the SUPPLYTIME Charter party Form, based on special request from the OSV industry segment
- The Course developer and the trainer is an experienced professional from within the industry
- Real-Life Case Studies: The course is driven by day to day practical issues faced by the peers
- The cases will demonstrate the influence of international conventions
- Participants will be equipped with the easy to understand “Methodology for Negotiating Successful Charter party”
Training Methodology
This is an interactive course. There will be open question and answer sessions, regular group exercises and activities, videos, case studies, and presentations on best practice. Participants will have the opportunity to share with the facilitator and other participants on what works well and not so well for them, as well as work on issues from their own organizations. The online course is conducted online using MS-Teams/ClickMeeting.
Who Should Attend?
Shipowners and managers – Charterers including Importers, Exporters, and Traders – Shipbrokers – Port and ship agents – P&I personnel – Logistics and shipping professionals – Legal advisers, solicitors, and barristers – Government bodies and representatives. From the following roles as General Manager, Commercial Manager, Business Development Manager, Legal Counsel, Post-Fixtures Manager, Fleet Manager, Charter Party Specialist, Marine & Technical Superintendents.
Course Outline
1. Making a Choice of the Charter party Form
(SHELLTIME4, BPVOY, ASBATANKVOY, GASVOY, GASTIME, BPTIME) in the context of the type of Cargo, Vessel Type, terminals and duration
2. Comprehensive Risks Identification, Evaluation and Mitigation Strategies
– Computation and allocation of idle time
– Explicit measurement criteria for Laytime and Demurrage Claims
– Implication of SIRE
3. Termination of Time Charters for Cause and for Convenience
– Can the delays in damage repairs be considered as a breach?
– Fall in Market Prices and Restructuring of the existing Time Charter Party
4. Tank Cleaning Costs and Risk of Contaminants
– How much time and cost can a Charterer pay for tank cleaning and slops
– Liabilities of Charterers for cargo tank debris/damage
– Liability of Terminal Operators and service providers in causing contaminations
5. Performance Obligations of the Parties as per the Charter Party Agreement
– Charterer’s Obligations, Bunkers and Boil-off Gas Usage Limits
– Owner’s Obligations and Liabilities, ROB, Limits of Boil-off and Cargo Loss
– Bills of Lading and Responsibility Assignment Matrix

