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.
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 | ||
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08:00 | Course Registration | |
08:30 |
Introduction |
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08:40 |
Bunker planning
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09:10 |
Inquiry planning |
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09:30 |
Bunker planning exercise |
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10:15 | ![]() |
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10:30 | Elements of costing | |
10:55 |
Product pricing exercise |
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11:20 |
Categorisation of buyers and sellers
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11:50 |
Terms and conditions
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12:15 | ![]() |
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13:15 | Terms and clauses exercise | |
13:45 |
Credit
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14:15 |
Credit exercise buyer |
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14:45 |
Specifications
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15:10 | ![]() |
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15:25 |
Procedures
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15:40 |
Hedging basics |
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16:30 | Regulations | |
17:00 |
Day 1 Test |
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17:30 |
Close of Day One |
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DAY TWO: TUESDAY 24 MAY | ||
08:30 |
Banking Payments |
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08:55 |
Measurement Calculations
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09:35 | Measurement Exercise – Part 1 Measurement Exercise – Part 2 Measurement Exercise – Part 3 |
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10:35 |
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10:50 |
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11:20 |
Claims
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12:20 |
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13;20 |
Claim Exercise |
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14:00 | Debunkering | |
14:25 | ![]() |
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14:35 |
A view of the future
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15:25 |
Day Two Test |
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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.