Course 06 of 20 · Crude Oil Desk Academy

Cargo Operations and Documents

Stage B, Commercial execution. Level 4 of 10.

Nomination, laycan, laytime and demurrage calculation, bills of lading, letters of indemnity and the full document set.

120 chapters · 11 modules · every chapter one 8 to 10 minute explainer · builds on: Course 02, Course 05

Enrol or enquire See the 120 chapters
How a chapter is sized

One chapter is one idea taken to the point of use

Each chapter is a single self-contained explainer of 8 to 10 narrated minutes, covering one idea to the point where you can use it.

Chapters run in order. Each one assumes only what the chapters before it taught, and capability belonging to a later course is named and deferred rather than half-covered.

Curriculum

11 modules · 120 chapters

Open any module for its full chapter list, in teaching order.

M0 The Operator's Job Ch 1-10
  1. What an Operator Actually Does
  2. The Cargo Operation End to End
  3. Why Procedure Is Where the Money Leaks
  4. The Three Clocks Running at Once
  5. Everyone the Operator Has to Deal With
  6. Voyage Charter, Time Charter and Affreightment
  7. Who Does What Under FOB and CIF
  8. The Operations File and Its Audit Trail
  9. Handover From Trader to Operator
  10. Four Ways a Cargo Goes Wrong
M1 Vessel Nomination and Acceptance Ch 11-21
  1. Nomination as a Contractual Act
  2. What a Nomination Notice Must Contain
  3. Nomination Deadlines and the Cost of Being Late
  4. Vetting a Vessel Before You Accept Her
  5. Age, Class and Flag as Acceptance Criteria
  6. Berth Compatibility and Vessel Dimensions
  7. Substituting a Nominated Vessel
  8. Refusing a Vessel, Reasonably and Otherwise
  9. Ship to Ship Transfer and Lightering
  10. Nominating the Cargo Itself
  11. Who Nominates What, and When
M2 Laycan and the Delivery Window Ch 22-30
  1. What Laycan Actually Means
  2. Narrowing the Window
  3. The Arrival Window Against the Operating Window
  4. Early Arrival and the Right to Wait
  5. Using the Cancelling Date
  6. Building a Window Backwards From the Pricing Period
  7. Competing Windows Across a Programme
  8. A Window Narrowed Under Pressure
  9. Delay Before the Window Opens
M3 Readiness, Tender and Arrival Ch 31-41
  1. Arrival in Fact and Arrival in Law
  2. The Notice of Readiness: Form and Service
  3. Physical Readiness: Tanks, Lines and Equipment
  4. Legal Readiness: Clearance and Pratique
  5. Where the Ship Must Be to Tender
  6. Whether in Berth or Not
  7. Invalid Tender and Re-Tender
  8. Tendering Outside Office Hours
  9. Accepting a Notice With Reservation
  10. Port Congestion and Who Carries It
  11. A Tender Disputed Three Ways
M4 The Port Call and Its Record Ch 42-51
  1. The Port Call, Step by Step
  2. Pilots, Tugs and Berthing Prospects
  3. Shifting Between Berths
  4. Hoses On to Hoses Off
  5. Pumping Rate and Vessel Performance
  6. The Statement of Facts
  7. Reading a Statement of Facts Line by Line
  8. Time Sheets, Pumping Logs and Port Logs
  9. Letters of Protest
  10. The Independent Inspector at the Berth
M5 Laytime Calculation Ch 52-63
  1. What Laytime Is
  2. Allowed Laytime: Fixed Hours or a Rate
  3. Reversible and Non-Reversible Laytime
  4. When the Clock Starts
  5. Weather Working Days and Other Day Definitions
  6. Sundays, Holidays and Excluded Periods
  7. Interruptions the Cargo Owner Does Not Pay For
  8. Once on Demurrage, Always on Demurrage
  9. A Laytime Calculation, Part One: The Timeline
  10. A Laytime Calculation, Part Two: The Deductions
  11. A Laytime Calculation, Part Three: The Result
  12. Where Laytime Statements Go Wrong
M6 Demurrage, Despatch and Claims Ch 64-75
  1. What Demurrage Is and Is Not
  2. Despatch: Being Paid for Speed
  3. Applying the Agreed Demurrage Rate
  4. Building the Claim File
  5. The Time Bar
  6. Documents as a Condition Precedent
  7. Defending a Claim Against You
  8. Passing a Claim Along the Chain
  9. Negotiating a Settlement
  10. Deadfreight, Overage and Other Voyage Charges
  11. A Claim From Record to Payment
  12. Demurrage in the Commercial Position
M7 The Bill of Lading Ch 76-87
  1. The Three Jobs a Bill of Lading Does
  2. Receipt: What the Carrier Admits
  3. Evidence of the Carriage Contract
  4. Document of Title
  5. Order, Bearer and Straight Bills
  6. Clean Documents and Clausing
  7. Who Signs, and On Whose Authority
  8. The Date on the Face of It
  9. Originals, Endorsement and the Chain of Holders
  10. Switch Bills of Lading
  11. Split Bills of Lading
  12. Electronic Bills and Missing Originals
M8 Letters of Indemnity Ch 88-97
  1. Why the Cargo Beats the Paperwork
  2. The Standard Letter of Indemnity
  3. What You Are Actually Promising
  4. Discharge Without Presentation
  5. Indemnities for Switching and Splitting
  6. Indemnities for Dates and Remarks
  7. Bank-Countersigned Indemnities
  8. How Long an Indemnity Lives
  9. Pricing the Exposure on an Open Letter
  10. The Indemnity Register and Who Signs
M9 Certificates and the Document Set Ch 98-109
  1. Why the Documents Are the Cargo
  2. The Certificate of Quantity
  3. The Certificate of Quality
  4. Sampling, Retention and the Sealed Sample
  5. Certificate of Origin
  6. Ullage Reports and Tank Certificates
  7. The Cargo Manifest and the Master's Receipt
  8. Insurance Documents
  9. The Provisional Invoice
  10. Sanctions and Vessel Screening Documents
  11. Bunker, Port and Agency Documents
  12. Assembling the Full Set
M10 Presentation, Integration and Limits Ch 110-120
  1. Presenting Documents for Payment
  2. How Discrepancies Arise
  3. Curing, Waiving and Re-Presenting
  4. Presentation Deadlines and the Cost of Slipping
  5. Operating Inside a Chain Sale
  6. Escalating Before It Becomes a Claim
  7. A Full Cargo, Part One: Nomination to Sailing
  8. A Full Cargo, Part Two: Discharge to Settlement
  9. The Same Cargo With Three Things Wrong
  10. What Operations Cannot Fix
  11. What You Carry Into the Next Courses

The brochure gives each of these 120 chapters a paragraph on what it covers and what you can do once you have worked through it.

This is course 6 of twenty

It stands alone, and it is also the entry point to the Crude Oil Desk Academy pathway.

Enrol or enquire See the whole pathway