The Tanker Chartering Tutorship by Sea and Beyond, conducted by Capt. Akhilesh Gupta, is a structured video-based learning programme designed to provide a clear and practical understanding of tanker chartering and global oil market operations.
This course is ideal for aspiring shipbrokers, seafarers transitioning to shore-based commercial roles, and maritime professionals seeking a comprehensive understanding of tanker chartering practices within the global shipping industry.
Delivered through 10 comprehensive recorded video chapters, along with 4 additional sessions on answer-writing techniques and practical analysis, the programme simplifies complex commercial and regulatory concepts through real-world examples and industry-focused explanations.
This course bridges the gap between theoretical shipping knowledge and the practical realities of the global tanker market, helping participants develop the commercial mindset required in tanker chartering and oil trade operations.
Your Learning Journey in This Tanker Chartering Course
The Pulse of the Oil Market
The course begins with a broader understanding of the global oil trade and the forces that shape it.
Participants will learn about:
- Major global tanker trade routes
- Strategic chokepoints such as Hormuz and Malacca
- The crude oil refining process from crude to clean products
- Environmental regulations such as MARPOL and OPA 90 and their impact on tanker operations
This module provides the context needed to understand the commercial dynamics of tanker shipping.
The Vessel: Design, Capacity, and Vetting
A tanker is a highly specialised commercial asset, and charterers must understand its operational capabilities.
This module covers:
- Tanker construction and vessel architecture
- Tanker size classifications from Panamax to VLCC
- Cargo capacity and operational planning
- SIRE inspections and oil company vetting procedures that determine whether a vessel is commercially acceptable
The Math of Profit: Worldscale and Voyage Estimation
Freight in tanker shipping is calculated using Worldscale, a unique system that governs tanker freight pricing.
Participants will learn:
- How Worldscale base rates and differentials are calculated
- The mechanics of tanker freight negotiations
- Time Charter Equivalent (TCE) calculations
- Break-even analysis and voyage profitability estimation
- The Contractual Framework (Charter Parties)
Charter parties form the legal and commercial foundation of tanker fixtures.
This module provides detailed insights into:
Voyage Charters
- ASBATANKVOY charter party
- Laycan
- Notice of Readiness (NOR)
- Owner and charterer obligations
Time Charters
- SHELLTIME 4 charter party
- Hire and off-hire provisions
- Vessel performance clauses
- Dispute handling procedures
Bareboat and Specialised Trades
- Overview of BARECON charter parties
- Operational considerations in chemical and gas tanker trades
The Art of the Deal and Execution
Tanker chartering is not just about contracts; it is about negotiation and execution of fixtures.
This module follows the complete lifecycle of a tanker fixture, including:
- Broker negotiations
- Firm offers and counter-offers
- Industry abbreviations used in tanker brokerage
- Post-fixture operations
- Laytime calculations and demurrage
- Statements of Facts and dispute resolution at ports
Professional Skill Development
Throughout the programme, participants gain a practical understanding of:
- Commercial reasoning in chartering decisions
- Interpretation of charter party clauses
- Real-world tanker market practices
- Operational and financial considerations in tanker voyages
Practical examples and industry scenarios make complex chartering concepts easier to understand and apply.
Who This Course Is For
- Aspiring shipbrokers and chartering professionals
- Seafarers transitioning to shore-based commercial roles
- Maritime professionals seeking practical knowledge of tanker chartering
- Anyone interested in understanding oil trade logistics and tanker market operations
Learning Outcomes
- By the end of this programme, participants will:
- Develop a strong understanding of tanker chartering practices
- Understand global oil trade routes and tanker market dynamics
- Gain confidence in Worldscale calculations and voyage estimation
- Learn to interpret charter party clauses and tanker contracts
- Build the commercial knowledge required for professional roles in tanker chartering and shipping
Sea and Beyond
At Sea and Beyond we strive for authenticity and honesty in our work. Our mission is to help “You take a well informed decision” and we try and support you through our various services like
- Mentoring
- Skill enhancement/Education
- Job Opportunities and
- Your branding (CV and LinkedIn preparation)
We have a team of writers who conduct thorough research to ensure the accuracy of the content and for the clarity in communication. We will be happy to support you wherever required
Rating:
Price:
₹ 14999
Language:
English
Length:
11:51:00
Intended for:
Reference:
Topics:
11 Sections . 32 lectures . 11h 51m total length
20 min
1.1 Chapter 1 | Oil Tanker, Oil Trade, Marpol
Oil tanker trade routes, Geography of Oil trade, consumers and producers of Oil, Chokepoints, cyclical nature of oil trade, Case study-price action, Future trends, Marpol Overview, OPA 90, Legislation impact on Oil trade,
7 min
1.2 Chapter 1 | Crude Oil, Fractional distillation
Extraction and refining of Crude Oil, Fractional distillation, Products from Crude Oil
9 min
2.1 Chapter 2 | Tanker trades, construction, tonnages
Tanker trades, construction, tonnages, Size classification, VLCC trade route,
21 min
2.2 Chapter 2 | Capacity plans & General Arrangement plans
Capacity plans and General Arrangement plans-Tankers
Case studies
14 min
2.3 Chapter 2 | Ship dimensions, DWAT and DWCC
Basic ship dimensions, DWAT and DWCC (deadweight cargo capacity), Gross and Net tonnage (GT & NT), Panamax tanker,Crude oil carriage, Crude oil tanker pumper systems, Safety systems in Crude oil trade,
Ship classification, SIRE inspections, Oil companies acceptance criteria,
20 min
2.4 Chapter 2 | SIRE inspections, Oil companies, vetting inspections
SIRE inspections, Oil companies acceptance criteria, Focus areas, commercial and safety impact of vetting inspections, Classification certification
20 min
3.1 Chapter 3 | Chemical tanker, tank coatings & cargoes, IMO
Chemical tanker, tank coatings and cargoes, Type of IMO class tanker (Chemical), chemical tanker case studies, Oil tanker cargoes, Product tankers, requirements for dirty cargoes, clean cargoes, LNG & LPG cargoes, Gas tankers, Cargo tank construction,
24 min
4.1 Chapter 4 | Shipping market stakeholders, Charterers
Shipping market stakeholders, Charterers, Ship owners, Operators, Oil companies, Trading companies, Broker’s role in chartering, One broker system, External factors affecting tanker market, Case studies,
30 min
5.1 Chapter 5 | Worldscale, Freight Calculation, Voyage
Worldscale and Freight calculation
Introduction to worldscale, WS structure & features, Freight calculation using WS, Adjustments & considerations,
Voyage Estimation, example of calculation, Key dispute resolution clauses, BIMCO Arbitration clause, Jurisdiction clause, Case study, Arbitration vs Litigation
28 min
5.2 Chapter 5 | Worldscale structure & purpose, Standard vessel
Worldscale(WS) structure & purpose, usage of WS, contents of WS flat rate calculations, Assumptions for- Distance, Standard vessel, speed, fuel consumption, port ops duration and consumptions, Port costs, Canal dues, Bunker pricing, Voyage structure, Cargo Qty, Financial parameters, OPEX, Loadline/Draft, Crewing/Manning,
Real vs WS model ship, Freight Formula, Different uses of WS by Owners & charterers, Limitations of WS,
Case study 1 to 5, Summary
19 min
5.3 Chapter 5 | Voyage Estimation in detail, Vessel particulars
Voyage Estimation in detail, Overview, Voyage definition, Vessel particulars, Voyage Distance, Voyage time, Fuel consumption, Port & Canal costs, Revenue calculation, Break even WS calculation,
Case study, Step by Step calculations for TCE, WS break even calculation, Summary
27 min
6.1 Chapter 6 | Tanker Time Charter party, SHELLTIME 4
Tanker Time Charter party in detail, SHELLTIME 4, TCP clauses,
Preamble, Vessel description, certificates, Duty to Maintain, Period of Hire, trading limits, Safe Places,Laydays,
46 min
6.2 Chapter 6 | Owners & Charterers to provide, Rate of hire
Tanker Time Charter party continued, Owners to provide, Charterers to provide, Rate of hire/Payment, Ballast, spaces available, Bill of Lading, Bunker delivery and redelivery, Pilots/tugs and stevedors, Sub-letting, Final voyage, Loss of vessel, Off hire, Drydocking,
37 min
6.3 Chapter 6 | SHELLTIME 4, Ship Inspection, speed & performance
Tanker Time Charter party, SHELLTIME 4, clause 23 onwards, Ship Inspection, speed and performance clause, salvage, Lien, Exceptions, Injurious cargoes, bunker grades, Laying up vessel, War/Addn’l war expenses, war risks, Both to blame clause, Jason Clause, Clause paramount, Insurance/ ITOPF clause, Oil major acceptability, Pollution emergency response, ISPS code, Law & litigation,
10 min
7.1 Chapter 7 | Tanker Voyage charter, Preamble, Laydays
Tanker Voyage charter C/P, Introduction, Preamble,
Part 1- Vessel description and other details incl Laydays, Freight, commission etc.
20 min
7.2 Chapter 7 | Warranty, Freight, Deadfreight, Laydays
Tanker Voyage charter C/P, Part 2- Warranty, Freight, Deadfreight, Load and Discharge port, Laydays, Notice of readiness, cargo Operation time, Demurrage, Shifting between berths, Loading/ Unloading rates, Mooring at Sea terminals, Dues, Taxes, Wharfage, Ice & Ice Impact, Consider two ports as one, Quarantine, Tank cleaning,
19 min
7.3 Chapter 7 | Gen Exceptions, Bills of lading terms
Tanker Voyage charter C/P, Gen Exceptions, Bill of lading terms, Clause Paramount, General Average, Both to Blame collision clause, Reference to COGSA, Lien, Breach of C/P, Arbitration costs and Jurisdiction, Right to Sublet, Oil Pollution clause, B/L details
17 min
8.1 Chapter 8 | Bareboat chartering, Demise charter
Introduction to Bareboat chartering, Key features of Demise charter, Comparison between Bareboat/time & voyage charter
Barecon 2001 and 2017, Case studies related to Bareboat charter, Key takeaways and Best practices
15 min
8.2 Chapter 8 | Owner’s cost base, Capital costs, OPEX
Owner’s & Disponent owners, definitions, Owner’s cost base, Capital costs, OPEX, OPEX benchmarks, Voyage costs,
Disponent Owner overview, Disponent owner cost base, Voyage costs, Commissions,
Break even calculations, WS break even calculations, commercial interpretation, Case study 1 to 5, Cost impact,
12 min
9.1 Chapter 9 | Tanker fixing process, offers & negotiations
Tanker fixing process, offers & negotiations, Voyage charter offer,Time charter offer, Case studies,
25 min
9.2 Chapter 9 | Tanker fixture negotiations, Cargo Details, laycan
Tanker fixing process, offers & negotiations, Voyage charter offer,Time charter offer, Case studies,
14 min
9.3 Chapter 9 | Offer negotiations, communication samples
Offer negotiations, communication samples, offer and counter offers, Subjects and Recaps,
17 min
9.4 Chapter 9 | Offer Negotiations, Example Firm Offer
Offer Negotiations, Example Firm Offer, Rejection offer, Counter Offer, Accept/Except, Acceptance,Order Issued, Firm offer, Re-offer, Recap Sent, Example of Calculation,
20 min
9.5 Chapter 9 | Customary Abbreviations
Customary Abbreviations used in Tanker chartering and Negotiations, with examples,
11 min
9.6 Chapter 9 | Legal requirements, Tactical requirements
Legal requirements in tanker chartering, Tactical requirements, Ethical requirements, Broker’s responsibility, Breach of warranty of authority,
12 min
9.7 Chapter 9 | Effect of E-commerce in shipping, Digital solutions
Effect of E-commerce in shipping, electronic solutions for brokers, Digital solutions, case studies,
Cargo delivery and Bill of Lading, wrongful delivery,
25 min
10.1 Chapter 10 | Notice of readiness clauses, Statement of Facts
Notice of readiness (NOR) clauses, Key elements of a well drafted NOR clause, NOR Best practices, Issues & disputes, Case study
Statement of Facts (SOF), content of SOF, Laytime statement & calculations, Demurrage clauses & calculations,
32 min
10.2 Chapter 10 | Freight, Hire calculations, Charter agreements
Freight & Hire calculations, Types of charter agreements, World scale calculations, TC hire calculations, off hire deductions, Bareboat charter hire calculations, COA hire calculations, Comparison of Freight & hire systems, Timing of payments and due dates, Case study- World scale calculation, Hire default, Freight agreement dispute
Additional payments, deadfreight, Demurrage, Bunker payments, Ballast Bonus,
Commissions and brokerage, types of commissions, calculation of commission, Commission payment responsibility, Case studies-Brokerage
27 min
11.1 Q & A | Discussing Nov 2024 Question papers
Discussing Nov 2024 Question papers (Que 1 to 4)
Que 1- Default on hire payment by charterer, actions to follow?
Que 2- Compare the terms between COA and TC agreements?
Que 3- Making and labelling of LNG carrier cross section diagram. 2 main LNG trade routes to explain.
Que 4- Drafting Voy charter firm offer- Naphtha cargo
34 min
11.2 Q & A | Nov 2024 Question papers continued
Nov 2024 Question papers continued (Que 5 to 8)
Que 5:explain trading of 4 different grades of cargoes for tankers? Crude oil, Dirty petroleum, CPP, LPG
Que 6: Prepare detailed market report for crude oil trading, for your Principal:
Que 7: Prepare a firm offer for VLCC using WSHTC? Voyage US gulf to South Korea.
Que 8: When will a tanker be considered to be an arrived ship?
39 min
11.3 Q & A | Discussing May 2025 Question papers
Discussing May 2025 Question papers (Que 1 to 4)
Que 1: Draft firm offer for trip time charter, Suezmax
Que 2: Draft a cargo retention clause and describe why its needed?
Que 3: Compile a recap for VLCC, basis worldscale terms and conditions?
Que 4: Draw and label profile & cross section for a 90,000 MT CPP cargo tanker (LR2 Aframax vessel). Planned route and bunker ports/seca zone?
40 min
11.4 Q & A | May 2025 Question papers continued
Discussing May 2025 Question papers (Que 5 to 8)
Que 5: For a cargo of butane (VLGC), identify voyage estimate contents and Net daily surplus//TCE and break even rates
Que 6: Make a firm offer for Handymax tanker, 2-year TC and explain why long term charters are preferred?
Que 7: Prepare a market report for Shipowner about rapid increase in ship supply within LNG sector?
Que 8: Role of Bill of lading in a Jet fuel voyage? CP clauses supporting compliance with Hague-Visby rules
Successful completion of this course will earn you a certificate of completion from Sea and Beyond. This certificate will be emailed to you and you could also share and show it on LinkedIn Please click on the button below to purchase the certificate.
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