Course Description

The global petroleum supply chain is a highly complex, commercially sensitive, and operationally demanding environment involving multi-party coordination, dynamic freight markets, evolving compliance mandates, and volatile geopolitical variables. Whether in upstream, midstream, or downstream contexts, the successful movement of petroleum products—from refinery tanks to international buyers—requires meticulous planning, precise execution, and full alignment between contractual obligations and marine logistics operations.
This advanced training course, “Operational and Contractual Supply of Petroleum Products,” is designed to equip professionals with the critical commercial, legal, and operational competencies required to navigate the end-to-end supply process of petroleum cargoes. The program is particularly tailored to the needs of chartering officers, marine operations coordinators, terminal planners, contract administrators, logistics specialists, and petroleum traders involved in the transportation, supply, or legal review of petroleum cargo transactions.
Over five intensive days, the course examines every link in the petroleum product supply chain—starting with the classification of cargoes (e.g., LPG, LNG, clean, dirty, bunkers), extending through the vessel selection and chartering process, and culminating in port operations, cargo documentation, and contractual enforcement. A strong focus is placed on the interrelationship between operational delivery (cargo readiness, port execution, scheduling) and contractual performance (laytime, demurrage, force majeure, documentation liability).
Participants will develop fluency in:

• Recognizing how freight economics (Worldscale, FFAs) influence chartering decisions;
• Managing the interface between shipowner, charterer, terminal, and inspection agencies;
• Understanding the real-time implications of clauses in charter parties, lifting contracts, and supply agreements;
• Navigating operational disruptions including STS delays, documentation disputes, or vessel vetting failures;
• Identifying and mitigating exposure to maritime legal risks, sanctions enforcement, and supply chain non-compliance.

Course Objectives

By the end of this course, participants will be able to:

• Analyze and manage trade flows of crude oil, LPG, clean/dirty products, LNG, bunkers, and dry bulk.
• Apply chartering fundamentals (voyage, time, COAs) and negotiate charter party terms effectively.
• Execute real-world tanker operations (loading, STS, documentation, port procedures, vetting).
• Interpret and apply Worldscale and freight economics for route and rate optimization.
• Manage lifting schedules, laycan coordination, and unplanned delivery deviations.
• Understand marine legal frameworks, dispute scenarios, and compliance requirements including BIMCO clauses and sanctions.
• Integrate vessel tracking, freight analytics, and digital platforms into daily decision-making.

Who Can Benefit

• Marine Operations and Chartering Coordinators
• Crude/Product Supply & Logistics Planners
• Terminal and Port Operations Teams
• Legal, Contracts, and Commercial Managers
• Freight Analysts and Voyage Economists
• Marine Assurance and Vetting Teams
• Oil Trading and Scheduling Support Professionals.