Freight Market and Trading Programme

The course provides a good introduction to the freight markets. It will explain the chartering process and chartering terminology, including the key commercial points negotiated. It will give an insight into the dynamics of freight markets and the freight forward agreements and how they can be used to hedge shipping risk. This course provides a useful addition to the oil trading courses 'Crude oil and Product trader programme'.

Course Information

Price £1,600 + VAT
Duration 2 days
Location London
Available Dates

Who Should Attend

  • New traders and brokers
  • New entrants to the oil markets
  • Support and operations people involved in the energy markets
  • Sales and marketing personnel
  • Individuals working in organisations such as: trading companies, banks, brokers, oil producers, consumers, refiners, distribution companies, government and associated organisations.

Booking Information

Tel: +44 (0) 20 7065 7706

Course Content

Structure of the oil tanker market and market fundamentals

  • How the market operates
  • Trends in ownership and chartering
  • Tanker supply and demand
  • Role of different types of companies
  • Shipping types and physical characteristics

Charter evaluation

  • Different types of chartering arrangement
  • Key commercial considerations
  • Demurrage and demurrage calculations
  • Worldscale
  • AFRA

Freight forward agreements

  • What they are?
  • How they work
  • The routes involved
  • Introduction to hedging
  • Hedging shipping risk