Signal Tanker Chartering Academy

The Academy focuses on Tanker Chartering and navigates you through the end-to-end Vessel Fixing Cycle.

In approximately 1 hour of videos followed by 30 quiz questions you get the chance to familiarise yourself with the tankers world.

Sections:

1. Tanker Shipping Basics
   Explore the Tanker Shipping Basics starting with an overview of the different cargo types and vessel classes. Understand the capital and operating expenditure of tankers and get to know the crew composition on board.

2. Introduction to Tanker Chartering
   Introduce yourself to the Tanker Chartering world. Get an overview of vessel technical characteristics, clarify the differences between vessel ownership and management, the voyage and fixture definition as well as the Chartering department ecosystem and interactions.

3. Tanker Chartering Daily Routine
   Understand the Chartering department’s daily routine, including communication with Brokers and the marketing of vessels, the market and competition monitoring, the voyage options assessment and earnings estimation.

4. Cargo Selection
   Get into the calculations for the optimal cargo selection and deep dive in voyage income, expense and duration components. Understand the drivers of cargo assessment and selection.

5. Fixing Negotiation
   Dive into the pre-fixing stage, cover the offering and negotiation process including the key terms, clauses and time validity importance.

6. Tanker Operations Ecosystem
   Understand the Tanker Operations ecosystem, how a vessel Operator communicates with other departments in the company as well as how they interact with external stakeholders. Have also a look at their daily routine which includes route, speed, weather and consumption monitoring, voyage information handling and voyage management system updates.

7. Tanker Operations Key Actions
   Familiarize yourself with the communications driven by the Operator during the pre-fixing stage. Dive into the key actions while the voyage is performed including matters related to cargo operations and transportation, tanks preparation, port calls, vessel certificates and much more.

8. Bunkering Function
   Introduce yourself to the bunkering universe, getting to learn about vessel consumption, different fuels and bunkering options. Bunkers procurement is a pre-requisite for the voyage planning, optimal voyage execution and cost minimization.

9. Port Cost Management
   Get an overview of the port operations from arrival to sail and understand the breakdown of port costs. Port call optimization has a material impact on voyage duration and expenses.

10. Post Fixture Operations
    Understand the post voyage operations and the process of freight, demurrage and claims statement, invoicing, negotiation and collection.