THE OXFORD BUNKER COURSE (ADVANCED COMMERCIAL)

Monday 23 - Tuesday 24 May 2016 ~ Two-day Course

This two-day intensive commercially-oriented bunker course is very well suited to those with a working knowledge of bunkering who require more detailed knowledge of the key elements of the commercial deal. It covers:

• bunker and voyage planning
• costing and pricing
• chartering
• terms and conditions and bunker clauses
• credit and insurance
• banking
• specifications and procedures
• risk management
• environmental and other regulations
• accurate measurements
• dispute avoidance and resolution and claims

Practical exercises, tests and comprehensive course literature for future reference and ongoing study provide a thorough background to the commercial side of the industry.

VIEW PDF PROGRAMME

Please note: This course will be run subject to a minimum of 12 delegates. Should you be considering attendance, we would request notification of this in order to manage expectations. 
The price of this event includes lunch, refreshments and course materials.

MONDAY 23 MAY
08:00	Course Registration
08:30	Introduction Course Director: Nigel Draffin, Technical Consultant, Lecturer and Author, Past Chairman of IBIA
08:40	Bunker planning Voyage costing Deviation
09:10	Inquiry planning
09:30	Bunker planning exercise Bunker deviation exercise
10:15	Networking Coffee Break
10:30	Elements of costing
10:55	Product pricing exercise
11:20	Categorisation of buyers and sellers Charter types Crew and Agent
11:50	Terms and conditions Bunker clauses
12:15	Networking Lunch
13:15	Terms and clauses exercise
13:45	Credit cash flow security credit reporting credit insurance
14:15	Credit exercise buyer Credit exercise seller
14:45	Specifications ISO and CIMAC Buyers specs
15:10	Networking Coffee Break
15:25	Procedures ISO SBP SS600 QMBS SS524
15:40	Hedging basics
16:30	Regulations
17:00	Day 1 Test
17:30	Close of Day One
DAY TWO: TUESDAY 24 MAY
08:30	Banking Payments
08:55	Measurement Calculations Errors
09:35	Measurement Exercise – Part 1 Measurement Exercise – Part 2 Measurement Exercise – Part 3
10:35	Networking Coffee Break
10:50	Mediation Arbitration Arrest and Liens
11:20	Claims Notice Time bars Limitation Evidence Referee analysis Mitigation
12:20	Networking Lunch
13;20	Claim Exercise
14:00	Debunkering
14:25	Networking Coffee Break
14:35	A view of the future Products Supply demand Alternative fuels Major vs independent
15:25	Day Two Test
15:35	Certificates and close

COURSE LECTURER

NIGEL DRAFFIN

Technical Consultant, Lecturer and Author  - Course Director

Nigel Draffin has been involved in shipping for some 50 years and in bunkering for over 25 years. He joined Shell Tankers in 1966, serving on all classes of vessel, including VLCCs and LNG tankers. In 1979, he joined the newbuilding department of Shell International Marine and later transferred to Shell’s R&D unit, specialising in control systems, fuel combustion and safety systems.

In 1986, Nigel moved to the commercial department as a bunker buyer and economics analyst, two years later becoming Head of Operational Economics, responsible for all of the fuel purchased for the Shell fleet, the operation of the risk management policy and the speed/performance of the owned fleet. In 1996, he joined the bunker department of E.A. Gibson Shipbrokers which, in 2006, merged with US-based broking house LQM Petroleum Services, where Nigel was Senior Broker and Technical Manager. He retired from LQM in July 2015.

Nigel is a founder member of IBIA, serving several times on its council of management, the board and as its Chairman. He is currently chair of the Board Development Committee. He is the author of nine books on bunkering and shipping and Director of Petrospot’s leading training events, including the Oxford Bunker Course and An Introduction to Shipping. Nigel is a member of IMarEST and Past Master of the Worshipful Company of Fuellers.