Mastering OSV CharterParty - 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…
- Level
- Intermediate
- Type
- Course
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About Training
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.
Besides having to interpret clauses within a C/P accurately in order to make critical decisions, dispute resolving skills and risk management are also essential in safeguarding the organization’s interest and minimizing any risk exposure and monetary loss due to operational inefficiencies.
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.
This 2-Day course is a 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.
Training Objectives
- 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
Audiences
The course is designed for upstream professionals involved in utilizing, chartering and managing offshore vessels for offshore E&P activities:
- Offshore Vessel Owners, Charterers
- Shipbrokers
- Contract Executives / Managers
- Chartering Executives/ Managers
- Procurement Executives / Managers
- Marine Logistics Executives / Managers
- Supply Chain Executives/ Managers
- PSCM Specialist
- In-house Legal Counsels
- Offshore Project Executives/ Managers
- General Managers
Instructor
Capt Anshuman Singh
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
Daily Aims
DAY 1: OSV CHARTERPARTY - NEGOTIATION AND CONTRACT DRAFTIN
- 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
DAY 2: OSV CHARTERPARTY - LEGAL AND COMMERCIAL CONSIDERATIONS
- 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
DAY 3: OSV CHARTERPARTY - BIMCO CONTRACTS
The 3rd day will cover in greater details key terms and clauses in the following BIMCO contracts:
- Supplytime 2005
- Supplytime 89
- Towcon
- Towhire
- Bargehire
Training Schedule
| Code | Start Date | End Date | Locations | Cost | Instructor |
|---|---|---|---|---|---|
| PST0196 | Kuala Lumpur, Malaysia | SGD 3,995 | Capt Anshuman Singh | ||
| PST0196 | Kuala Lumpur, Malaysia | SGD 3,995 | Capt Anshuman Singh |
Why Choose This Training
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