Training for the Future


Terminal Operations and Demurrage Calculations

Course Code: TODC

Dates: 12th Nov - 16th Nov | 17th Dec - 21st Dec

Price: $4500

Duration: 1 Week /s

Course Objectives
This course aims to provide participants with a comprehensive understanding and knowledge base of shipping and demurrage. They asked to calculate the amount laytime used, the amount of demurrage due, if any. This Course also provide a comprehensive overview of oil terminal operation.
Who Should Attend Planners, Managers Traders etc
Course Overview
  • Introduction and Context

  • Key terms, legal framework, laytime, fright rates

  • Elements of a Voyage Charter Party, choice of law, time Bars, Arbitration and Dispute Resolution Legal framework for charter parties

  • Owners and characters obligation under different forms of charter

  • Defining Laytime

  • Types and commencement of laytime, Interruptions and exceptions, completion Averaging and reversing laytime

  • Calculating Laytime, Tankers, Dry cargo, Step by step guide, multiple charters, practical examples Demurrage, Detention and Despatch

  • Contract law, damages for detention, stoppage and termination of demurrage, deadfreight, liability What is it, how is it incurred, who pays, how is it calculated?

  • Documentation and dealing with potential discrepancies

  • Calculating Demurrage

  • Basic Calculations, time bar clauses, termination, practical examples

  • Typical Oil Terminal Installations & Facilities and their functions

  • Onshore and Offshore Terminals

  • Terminal Regulations

  • Vessel Operations. Storage Tanks. Control room. Loading facilities including SBM, BOP

  • Communication network. Quality control. Meters

  • Crude Oil Metering & Measurement of Crude

  • The Tank Farm. The effect of water content

  • Focalisation of Crude Oil stock - temperature and density on meters, measured quantity, gauging and correction factors

  • Understanding Crude Oil Measurement tables

  • Calculating fixed roof tanks and floating roof tanks Crude oil conversions

  • Gross and net volume determination Crude Oil Bunkering. Fiscal metering. Measurement for export. Transfers for export

  • Custody transfer and metering Crude Oil Assay

  • Crude Oil Terminal Management. Linkages and relationships among terminal operating groups. Function overlap. Demurrages and how to minimise

  • HSE standards in Terminal Operations

  • Course Materials
    Course Notes, Case Studies.

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