Course 11 of 20 · Freight and Shipping Desk Academy

Tanker Freight Practice

Stage C, Operator economics and market practice. Level 6 of 10.

Wet market practice: tanker segments and their cargo grades, vetting and approval, cargo measurement and contamination exposure, and tanker-specific charter party terms.

119 chapters · 11 modules · every chapter one 8 to 10 minute explainer · builds on: Course 02, Course 05, Course 06, Course 09

Enrol or enquire See the 119 chapters
How a chapter is delivered

One chapter is one idea taken to the point of use

Each chapter covers one idea to the point where you can use it, and comes two ways: a narrated explainer, and a deep dive audio discussion of around thirty minutes that works the same material at depth.

Self-paced throughout, and the same chapters can be taught as a cohort. 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 · 119 chapters

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

M0 The Wet Market as Its Own Trade Ch 1-10
  1. What Makes a Wet Fixture Different
  2. Clean and Dirty: The Two Halves of the Wet Market
  3. The Approval Gate and Where It Sits in a Fixture
  4. Who Decides Whether a Tanker Can Load
  5. Why Measurement Is a Commercial Risk on a Tanker
  6. Contamination as the Wet Market's Signature Loss
  7. The Tanker Charter Party Is Its Own Document Family
  8. What You Are Assumed to Bring Already
  9. Four Pillars of Wet Practice
  10. Where the Wet Thread Continues
M1 Tanker Segments and the Cargoes They Carry Ch 11-21
  1. Which Crude Grades Fill a Very Large Crude Carrier
  2. Suezmax Cargoes and the Grade Mix She Takes
  3. The Aframax and LR2 Twins: One Hull, Two Markets
  4. Panamax and LR1 Product Stems
  5. The Medium Range Workhorse and Its Cargo Book
  6. Handysize and Coastal Parcels
  7. Chemical and Parcel Tankers: Many Cargoes at Once
  8. Tank Coatings and What They Permit
  9. Segregation, Pumps and the Parcel Count
  10. Heating Coils and the Cargoes That Need Them
  11. Matching a Wet Stem to a Hull: A Worked Screen
M2 Cargo Grades, Compatibility and Tank Condition Ch 22-32
  1. Reading a Cargo Grade as a Shipping Requirement
  2. Crude Grades From the Ship's Point of View
  3. Light Ends: Naphtha, Gasoline and Vapour Control
  4. Middle Distillates and the Colour Problem
  5. Residual Fuel, Bitumen and the Hot Cargoes
  6. Vegetable Oils, Biofuel Components and Easy Chemicals
  7. The Last Three Cargoes and Why They Decide the Fixture
  8. Tank Cleaning as a Commercial Decision
  9. Wall Wash, Inspection and the Tank That Fails
  10. Inert Gas, Crude Oil Washing and the Discharge Routine
  11. A Grade Switch Priced End to End
M3 Vetting and the Approval System Ch 33-43
  1. Why Cargo Owners Vet at All
  2. The Inspection Report as the Central Document
  3. Observations, Severity and the Closeout Note
  4. Hard Screens: Age, Class, Flag and Hull Configuration
  5. The Management Company Behind the Ship
  6. Terminal Approval Is a Separate Hurdle
  7. Screening Beyond Safety: Sanctions and Trading History
  8. How a Vetting Decision Is Actually Taken
  9. The Cost of a Rejection
  10. Approval Subjects in the Offer
  11. Reading a Vessel's Approval Record Commercially
M4 Winning and Holding Approval Ch 44-53
  1. Preparing a Ship for Inspection
  2. Timing an Inspection Around Employment
  3. Closing Out Findings That Matter
  4. The Questionnaire and the Self-Declared Record
  5. How Approval Is Lost
  6. Rebuilding Standing After an Incident
  7. Approval as a Priced Commercial Asset
  8. Disponent Owners and Borrowed Approval
  9. Warranting Approval in the Charter Party
  10. An Approval Strategy for a Small Fleet
M5 Cargo Measurement on a Tanker Ch 54-64
  1. Why a Ship's Figures Exist at All
  2. Ullage, Innage and the Gauging Operation
  3. Tank Calibration Tables and Their Corrections
  4. Temperature, Density and Volume Correction
  5. Gross, Net and the Water Deduction
  6. Onboard Quantity Before Loading
  7. Stripping, Draining and the End of Discharge
  8. The Vessel Experience Factor
  9. Ship Figures Against Shore Figures
  10. The Bill of Lading Figure and Who Chooses It
  11. A Measurement Trail From Load to Discharge
M6 Loss, Retention and Contamination Exposure Ch 65-75
  1. Normal Loss and the Allowance That Absorbs It
  2. Cargo Retention and the Pumpable Test
  3. In-Transit Loss and the Deduction From Freight
  4. When a Tank Is Rejected and the Stem Falls Short
  5. Where Contamination Comes From on a Tanker
  6. Proving Where a Contaminant Entered
  7. First Hours After a Contamination Report
  8. Sizing the Exposure Against the Freight
  9. Mitigation Choices on a Spoiled Parcel
  10. Allocating Contamination Risk in the Fixture
  11. A Loss Case Built and Answered
M7 The Tanker Charter Party Forms Ch 76-86
  1. Why the Wet Market Uses Its Own Forms
  2. The Standard Tanker Voyage Form and Its Shape
  3. Oil Major Forms and the Charterer's Version
  4. Rider Clauses and the Tanker Fixture's Real Terms
  5. The Freight Clause in a Tanker Fixture
  6. The Cargo Description and Grade Warranty
  7. Vessel Description and the Clauses It Supports
  8. Safety, Pollution and Compliance Clauses
  9. Liability, Exceptions and the Limitation Regime
  10. Negotiating a Tanker Rider: What Is Winnable
  11. Two Forms Compared on One Cargo
M8 Tanker-Specific Operational Obligations Ch 87-97
  1. The Pumping Warranty
  2. Pumping Performance Disputes and the Time They Cost
  3. What Makes a Tanker Actually Ready to Load
  4. The Ship to Shore Interface and Its Checklist
  5. Heating Obligations and Who Pays the Fuel
  6. Part Cargoes and Co-Loading Another Charterer
  7. Ship to Ship Transfer as a Contractual Event
  8. Slops, Residues and Where They Go
  9. Voyage Orders, Speed Instructions and Deviation
  10. Sampling, Surveyors and the Records That Decide Later
  11. One Voyage, Every Tanker Obligation Tested
M9 Wet Chartering in Practice Ch 98-108
  1. The Tanker Position List and How to Read It
  2. Clean and Dirty Employment as Two Strategies
  3. The Dirty to Clean Conversion Decision
  4. Substituting a Tanker Mid-Fixture
  5. Pricing the Approval Constraint Into an Offer
  6. Nominating Tonnage Under a Wet Tonnage Commitment
  7. Chartering In Tonnage to Cover a Wet Obligation
  8. Brokers, Reports and Where Wet Market Information Comes From
  9. A Wet Fixture Recapped Line by Line
  10. The Owner's Side of a Wet Negotiation
  11. The Charterer's Side of the Same Negotiation
M10 Integration and Limits Ch 109-119
  1. The Wet Desk's Decision Sequence
  2. A Wet Risk Register for One Ship
  3. Where Wet Figures Belong in the Trade and Risk System
  4. Governance Over Wet Acceptance Decisions
  5. Teaching the Wet Discipline to a New Operator
  6. A Worked Wet Voyage, Part One: Screening and Approval
  7. A Worked Wet Voyage, Part Two: Fixing the Terms
  8. A Worked Wet Voyage, Part Three: The Outturn Goes Wrong
  9. What Wet Practice Cannot Protect You From
  10. The Second Ship: Applying the Method Cold
  11. What You Carry Forward From Wet Practice

The brochure gives each of these 119 chapters a paragraph on what it covers and what you can do once you have worked through it.

This is course 11 of twenty

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

Enrol or enquire See the whole pathway