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The Tanker Chartering Academy

Gain a deep understanding of the tanker chartering world, from industry experts. Growing your knowledge and advance your career with Signal's Tanker Chartering online course

Tanker Chartering online course
Course duration: 1.5 hours
Course content:
  • An overview of daily Chartering officer responsibilities

  • Supply and demand monitoring

  • The ins and outs of charter decision-making

  • A deep dive into cargo movement: from loading to discharge

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Contents
Tanker Shipping Basics
Video 1
Intro
Video 1
Question 1
Building a new VLCC tanker costs double the price of a Suezmax tanker as she has double loading capacity.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Question 2
Jet, Diesel and Gasoil are clean cargoes.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Question 3
Suezmax vessels require the double number of officers and engineers versus MR vessels.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
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Course roadmap

Contents
Tanker Shipping Basics
Introduction to Tanker Chartering
Tanker Chartering Daily Routine
Cargo Selection
Fixing Negotiation
Tanker Operations Ecosystem
Tanker Operations Key Actions
Bunkering Function
Port Cost Management
Post Fixture Operations
Tanker Shipping Basics
Video 1
Question 1
Building a new VLCC tanker costs double the price of a Suezmax tanker as she has double loading capacity.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Question 2
Jet, Diesel and Gasoil are clean cargoes.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Question 3
Suezmax vessels require the double number of officers and engineers versus MR vessels.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Introduction to Tanker Chartering
Video 2
Question 1
The Commercial Operator of a vessel may differ from the Technical Operator.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Question 2
A voyage starts in the first load port and completes in the last discharge port.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Question 3
A vessel goes from ‘On Subs’ back to ‘Unfixed’ status when the fixture is canceled.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Tanker Chartering Daily Routine
Video 3
Question 1
From a tonnage list, Chartering Officers can mainly extract information on available cargoes.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Question 2
Chartering Officers provide freight market's reports and insights to Brokers.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Question 3
The Additional War Risk Premium is the largest cost component in a TCE calculation.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Cargo Selection
Video 4
Question 1
The TCE, the voyage duration as well as the Charterer's preference (i.e. age or capacity) are key considerations during the cargo selection from the Chartering Officer.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Question 2
Q88 is considered the identity card of a tanker as it includes all key technical characteristics of the vessel. Q88 is the most critical document required in any cargo discussion.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Question 3
The vessel itinerary (ETB/ETS) is a critical parameter to take into consideration before fixing a vessel.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Fixing Negotiation
Video 5
Question 1
Voyage Charter Parties are typically custom and re-written between the Owner and the Charterer in every cargo negotiation.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Question 2
When a vessel is actively being worked and has been offered firm to a Charterer, the Chartering Officer cannot send offers for other cargoes.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Question 3
When fixing under WS, the minimum freight is calculated based on the actual quantity of cargo that the vessel loaded.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Tanker Operations Ecosystem
Video 6
Question 1
Operations is the main department in a shipping company that holds the communication channel with the vessel.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Question 2
Brokers act as intermediaries between the Owners and the Charterers during the pre-fixing stage. After fixing, the vessel’s Operator contacts the Charterers directly for questions and requests.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Question 3
Part of the Operator's responsibilities is to make sure that the voyage is executed according to the voyage Charter Party.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Tanker Operations Key Actions
Video 7
Question 1
The factor that affects the intake of a vessel is the specific gravity of the cargo. The salinity of the water in the load and discharge areas does not have an impact.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Question 2
A vessel loads ballast water, for stability purposes, while discharging a cargo.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Question 3
The laytime shall commence once the Captain tenders a valid SIRE, notifying all parties that the vessel is in all respects ready to load her cargo.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Bunkering Function
Video 8
Question 1
Scrubber-fitted vessels can burn HSFO fuel everywhere.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Question 2
Vessel consumption is linearly related to the sailing speed.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Question 3
Upon fixing a bunkering stem, the Bunkering Officer receives the Certificate of Quality (COQ) from the Supplier.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Port Cost Management
Video 9
Question 1
The Port Agent is appointed by the Operator once the vessel arrives at the port.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Question 2
A pilot and tug boats might be needed to ensure safe navigation within the port.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Question 3
In some ports, the charges are higher if the vessel arrives within the weekend.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Post Fixture Operations
Video 10
Question 1
A speed-up claim refers to extra bunkers consumed in cases where the Charterer orders the vessel to sail with higher speed than the agreed one.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Question 2
When needed, the boiler consumes fuel to heat up the cargo, but the extra consumption is usually immaterial.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
Question 3
The Post Fixture department sends the claims along with the supporting documentation to the Charterers at the end of each financial year.
True?Answer True CorrectAnswer True WrongAnswer FalseAnswer False TrueAnswer False Wrong
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