Mastering OSV Charter Party & Marine Insurance

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Monday June 23, 2014 | Anshuman Singh | Kuala Lumpur, Malaysia

Upcoming Course

Code Start Date End Date Location Cost Instructor Register

Past Course

Code Start Date End Date Location Cost Instructor Register
PST0284-201301  19 Aug 2013  23 Aug 2013  Kuala Lumpur, Malaysia  SGD 5995  Anshuman Singh  
PST0284-201401  23 Jun 2014  27 Jun 2014  Kuala Lumpur, Malaysia  SGD 5995  Anshuman Singh  
Monday June 23, 2014 | Anshuman Singh | Kuala Lumpur, Malaysia

Mastering OSV Charter Party Interpretation and Management
To ensure smooth and continuous operations in various offshore Exploration and Production activities, a steady fleet of Offshore Support Vessels (OSV) must be made ready available to provide all the necessary support. This can only be made possible by ensuring a well-scheduled and cost effective delivery of the vessels as determined by the detailed specifications drafted in the charterparty (C/P) contract.


The course will cover key contents in C/P contracts, interpretation of contract clauses, contract risk management and dispute resolution methods which are extensively practiced in the administration and management of OSV fleets and C/P contracts in today’s international upstream oil and gas industry. The next three days will provide practical OSV chartering course that will provide participants with a hands-on approach in reviewing and interpreting C/P contracts with a good understanding of essential contract laws currently practiced in the oil and gas industry. Participants will also learn how to draft contract terms and clauses while applying risk management strategies to insure the organization’s position in each C/P contract made and excel in managing and resolving maritime disputes arising from disagreement in contractual-clauses. Moreover, this course will also cover in greater detail the key terms and clauses of specific BIMCO contracts. Along the course, participants will be engaged with work exercises and case examples to reinforce their understanding of the concepts learnt.


Fundamentals of Marine Insurance Arrangement and Claiming
This two-day program will provide the key information for O&G offshore marine insurance arrangement and claiming. Day 1 will focus in providing the participants the common liabilities that need coverage, the industry best practices when it comes to arranging for insurance coverage, common pitfalls insurance arrangement, and the various insurance products available in the market. Day 2 will then focus on the step by step approach in marine insurance claiming in a way that insurance coverage are maximized. Participants will learn on the various parties that are involved during insurance claiming and the things to avoid in marine insurance claiming with sample studies where claims are rejected. After finishing the course, participants will be better equipped in making informed business decisions with regards to arranging for marine insurance and processing of claims for offshore projects.

Monday June 23, 2014 | Anshuman Singh | Kuala Lumpur, Malaysia

Mastering OSV Charter Party Interpretation and Management (10th - 12th Aug 2015)


  • Introduction
  • Offshore Support Vessels – Fundamentals chartering concepts
  • The roles of owners, charterers, customers, insurers/P&I Clubs, brokers, other contractors and governments
  • Legal Jargons and Terminologies Explained
  • Key Issues in OSV Chartering Contract Negotiation
  • OSV Charterparties and Forms
  • Special Focus – BIMCO’s Supplytime 2005

CASE STUDY : Applying and comparing the BIMCO Supplytime 2005 Agreement and an alternative OSV Chartering Agreement to an AHTS



  • Legal Considerations in OSV Chartering

CASE STUDY : The Piper Alpha and the Deepwater Horizon disasters

  • Commercial Considerations in Chartering Offshore Support Vessels

CASE STUDY : Hurricanes and pirate attacks during the term of a charter

  • Bareboat charter agreements for OSVs

CASE STUDY : Bareboat charter agreements

  • Special Applications




The 3rd day will cover in greater details key terms and clauses in the following BIMCO contracts:

  • Supplytime 2005
  • Supplytime 89
  • Towcon
  • Towhire
  • Bargehire


Fundamentals of Marine Insurance Arrangement and Claiming (13th - 14th Aug 2015)


  • Introduction to Marine Insurance for Offshore Projects
  • Types of Insurance Coverage
  • Fundamentals of Marine Insurance Products (Format and Extent of Coverage)  or Incidents
  • Common Liabilities
  • Indemnities and Risk Allocation
  • Industry Best Practices

GROUP WORK : Given a list of offshore operational activities, identify the different types of risks and liabilities, and the types of insurance coverage that you will you need.

CASE STUDY : Macondo Drilling Incident/DeepWater Horizon. Present the
implications of the 2010 incident to today’s insurance policies.




  • Introduction to the Different Stages of a Claim
  • Legal Liabilities and Legal Procedures – Jargons Explained
  • Parties to a Casualty

GROUP WORK : Given a a synopsis of an incident, prepare the list of initial information that you will need to file for an insurance claim. Identify from which parties you will need these information.

  • P&I Emergency Response
  • Reporting of a Casualty
  • Role of Salvor
  • Pitfalls to Avoid in Marine Insurance Claiming

Closing : Developing Risk-Based Approach in Arranging for Insurance and Contracts

Monday June 23, 2014 | Anshuman Singh | Kuala Lumpur, Malaysia

Mastering OSV Charter Party Interpretation and Management

  • GAIN a thorough understanding of the contents and clauses in a C/P contract
  • INTERPRET the significance of each clauses and EVALUATE their impact
  • IMPROVE the procurement processes involved in chartering of OSVs for E&P activities
  • DETERMINE the possible risks and exposures faced prior to establishing the C/P contract
  • SAFEGUARD the organization interests in each C/P contract by analyzing potential shortcomings
  • APPLY necessary insurance covers and risk management ways to protect the organization’s interest
  • MANAGE risk and RESOLVE disputes effectively to minimize loss of operational time and profit


Fundamentals of Marine Insurance Arrangement and Claiming

  • GAIN the knowledge of the key aspects when considering and selecting insurance coverage for offshore operations
  • KNOW the common insurance products available in the market
  • ANALYZE the limitations of typical insurance coverage by understanding the various types of risks and liabilities
  • APPLY industry’s best practices when it comes to arranging for and buying of insurance
  • LEARN the different stages in making an insurance claim
  • UNDERSTAND in detail the various incident types in preparing for insurance claims
  • IDENTIFY and AVOID common pitfalls and mistakes when making insurance claims to prevent claim rejection
Monday June 23, 2014 | Anshuman Singh | Kuala Lumpur, Malaysia

The first program is designed for upstream professionals involved in utilizing, chartering and managing offshore vessels for offshore E&P activities. The second program is designed for upstream professionals those who deal with or those who need to know about the management of insurable risks in offshore operations.

  • Offshore Vessel Owners, Charterers,Shipbrokers
  • Contract Executives / Managers
  • Chartering Executives/ Managers
  • Procurement Executives / Managers
  • Marine Logistics Executives / Managers
  • Risk Control Managers
  • Supply Chain Executives/ Managers
  • PSCM Specialist
  • In-house Legal Counsels
  • Offshore Project Executives/ Managers
  • General Managers
  • Insurance Buyers
Monday June 23, 2014 | Anshuman Singh | Kuala Lumpur, Malaysia

Capt Anshuman Singh

Master Mariner, F.G.


Capt Sing is currently the Executive Director of One Maritime Team, which is the first and only indepedent correspondent service network established in the Middle East. This firm that he has established promises a new era of improved standards, full transparency, and cost-effectiveness in P&I. Capt Singh provide knowledge and advice based on previous experiences, and provides clients sound and realistic advice on the chances of defending or pursuing a claim.

Capt Singh was Admiralty Manager with Fichte & Co Legal Consultancy, which boast the largest team of qualified Maritime Lawyers including a Master Mariner and a strong regional presence in the Middle East with capabilities to operate worldwide. He was previously with the Gulf Agency Company (GAC), which is one of the leading P&I correspondents in the Middle East and the MSC Mediterranean Shipping Company S.A. of Switzerland.

His role includes working with all the major International Group of P&I Clubs, handling the most complicated and high value claims in the region which includes collisions, cargo damage and shortages, crew claims, charter party disputes to name a few. He also provides advice to ship owners, charterers and clubs on local jurisdiction and its interpretation and assists members and the clubs when matters go into litigation. He also successfully oversee the P&I department in the firm and in advising other claims handlers on complicated and technical issues and currently handles a team of 8 claims handlers and overlook the functioning of the Dubai P&I department.

Capt Singh has by far been instrumental in interfacing with top management and representatives of various P&I clubs, insurerers, brokers, shipping managers, lawyers internationally and with local authorities including customs, immigration and port officials. He is also well versed with industry compliance & commercial affairs and has prior experience interacting with Port Authorities for ensuring compliance with various statutory obligations at various international ports and preparing for external audits, ISO compliances from shore based authorities.

Capt Singh is a regular speaker at client and industry seminars, particularly in the offshore industry. He has spoken at numerous offshore and shipping conferences and trainings and just recently presented at the Offshore Support Vessels (OSV) Middle East Conference 2012 in Dubai, UAE