Bunker Sales & Trading, Price Risk Management & Operations • Malta

Monday 27 January - Wednesday 29 January 2020 ~ Three-day Course

Standard Price: £2,025 (€2,250)


The course fee includes a visit to a local oil storage terminal and a tour of a specialist bunker fuel testing lab on Tuesday Afternoon 29 January.

The course price also includes course manual in English with all presentations and exercise materials, light lunch, morning and afternoon refreshments.

On completion of the course, delegates will receive a course completion certificate.

08:30  Registration


  • Overview of the course
  • Industry jargon, trading and shipping terms
  • Measurement & price units

The International Shipping Business

  • Types and sizes of vessel – tankers, dry cargo, container, passenger, others
  • Cost structure - capital, operating
  • Trading routes & flow
  • Freight costs
  • Engines, fuel handling systems and equipment

Oil Markets & Oil Trading

  • Global supply and demand
  • Regional balances, trade flows and market drivers
  • Market participants and their motives for trading
  • Physical, forwards, futures and derivatives
  • Term and spot deals
  • Impact of Shale

The Bunker Markets

  • Products used, supply and demand, buyers and sellers
  • Main delivery locations and delivery sizes
  • ECA and MARPOL regulations, ECA areas, global cap 2020
  • Commercial and regulatory aspects

Overview of Oil Refining

  • Objectives of Refining
  • Crude oil types
  • Key processes and products/components - distillation (atmospheric and vacuum); molecular restructuring/ reforming; conversion (cracking, visbreaking); hydrofining, sweetening
  • Basic refinery economics, crude oil valuation
  lunch break Networking Lunch
  Exercise: Crude Oil Valuation

Oil Terminals and storage

  • Who owns/operates?
  • Terminal functions, types of tankage
  • Discharge & loading systems
  • Measurement & inspection
  • Value to the trader
  • Key storage terms and conditions

Bunker Supply Operations

  • Delivery methods – ex-shore, barge delivery
  • Measurement & inspection
  • Quality issues. Problems & Disputes
16:30 Close of Day One
8:30 Oil Product Quality & Blending
  • Oil Products / Blending
  • Main bunker products, their uses and main quality parameters
  • Blend-Stock Qualities
  • Principles of Blending: linear and non-linear properties
  • Fuel Oil and Gas Oil/Diesel blending
  • Issues in Bunker Quality for Fuel Oil and Gas Oil/Diesel
  Exercise: Fuel Oil Blending
  Shipping / Freight  
  • Tankers – types and characteristics
  • The worldscale system with worked examples
  • Basic principles of chartering and types of charter; lay-time and demurrage
  • Dry cargo/container shipping markets, operations
  • Shipping economics
  Exercise: Freight Calculation

Oil and Bunker Pricing Mechanisms

  • Crude and product price markers and formula pricing
  • Flat prices, differentials, pricing periods
  • Price reporting, price assessments and methodology
  • Bunker pricing: mechanisms, indices used, regional variations
   lunch breakNetworking Lunch
  Afternoon: Visit to Oil terminal & SGS Testing Lab
16:30  Close of Day Two
 8:30 Oil Sales Contracts
  • Types of sale: FOB, CIF, Delivered, DAF, DDU, DES
  • Responsibilities of seller and buyer; contract structure
  • General Terms and Conditions
  Bunker Sales Contracts
  • Typical structure and terms; standard contract forms; payment, credit, payment security, credit control
  • Quality exposure and price exposure in sales chains
  Exercise: Evaluate Bunker Purchase
  Price Risk, Long & Short
  • Price risk & exposure; long & short
  Exercise: Long & Short
   lunch break Networking Lunch
  Overview of Bunker Price Risk Management
  • Risks involved in oil & bunker business
  • Principles of hedging, possible hedging tools to manage bunker price risk
  • Use of Futures for hedging price risk; benefits and limitations.
  • Use of swaps in hedging
  Exercise: Hedging with Swaps 
  Claims & Claims Management 
  Ships' Bunkers and Markets: the Future
  • Effect of emissions controls; impact on oil refining industry; the emergence of “non-conventional” marine fuels – LNG, CNG, nuclear etc
  • Developments in delivery systems and onboard handling
  Bunker Case Study
  Course Recap, Discussions and Feedback
  Closing Remarks
16:30 End of Bunker Sales & Trading


Registration Option

Bunker Sales & Trading 2020:




Standard Price: £2,025 (€2,250) per delegate




malta petroleum academy






For More Information

Please contact:
Our Sales Team
Tel: +44 1295 814455
Email: sales@petrospot.com