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Economics of Supplying Bunker Fuel 31 March 2009, Rotterdam, the Netherland
Handling bunker claims& disputes Rotterdam, the Netherlands, 30 March 2009
Lecturer: Chris Fisher, IBIA
This workshop is designed to help delegates clarify what should be done and what does work in cases of inferior quality fuel delivery, poor performance related to fuel delivery obligations, and non-compliance with requirements of Marpol Annex VI. Delegates are presented with a claim case study and asked to consider all aspects and develop a strategy to resolve the issues, plus carry out exercises on fuel treatment and on fuel quality.
Key learning outcomes:
Get updated on recent developments in bunker & fuel standards
Understand fuel quality characteristics and their importance
Understand quality aspects of Low Sulphur Fuels
Know why to buy high viscosity fuels and how to identify the right one
Enhance knowledge of on-board and lab test methods
Interpret test results correctly
Get updated on environmental legislation developments
Understand bunker sales & purchase terms, conditions and responsibilities
Understand charter party agreements and their clauses
Strengthen your knowledge on bunker delivery procedures
The programme:
Production of bunker fuel & blending
Crude oil types and impact on fuel quality
Refining methods and impact on fuel quality
Fuel oil blending
Fuel standards and specifications
ISO 8217 & CIMAC
Quality characteristics and their importance
Bunker delivery procedures
Quantity determination
Sampling
Bunkering procedural standards (ISO & CP60, etc.)
Treatment of fuel on board ship
Storage
Purification
Filtration
Heating/Injection
On-board fuel testing and quality monitoring
Test equipment & methods
Value of the results
Routine analysis v specific sampling and testing
Laboratory test methods
Test equipment and methods
Environmental legislation regarding bunker fuel and emissions from ships
Marpol Annex VI – Low Sulphur Fuel and NOX
Regional rules
Current developments and expected future changes
Quality aspects of Low Sulphur fuels
Legal aspects
Purchase and use of high viscosity fuels
Why use high viscosity fuels?
Quality v viscosity, what does viscosity tell us about a fuel and how important is it?
Energy content. Why the cheapest fuel may not be the best value.
Unusual contaminants and their effect on engines and fuel treatment systems
Acids- what types and where are they from?
Esters- what are they and how do they get into fuel?
Polypropylene – has the problem gone away?
Legal aspects
Legal session. Sale and purchase of bunkers
Terms and conditions of sale
Responsibilities of the parties
Dispute handling
Legal session. Charter party agreements
Bunker clauses – general
Bunker clauses – Bimco
Dispute handling – Types of dispute resolution
Economics of Supplying Bunker Fuel Rotterdam, the Notherlands, 31 March, 2009
Lecturers: Chris Fisher, IBIA Robin Meech, Marine and Energy Consulting
The final ratification of MARPOL Annex VI has raised concerns that bunker fuel quality in many of Europe's key ports could deteriorate without improvement in fuel blending techniques. Under the revised regulations, the requirement to blend residual fuel to 1.0% sulphur at the lowest possible cost could result in an increasing number of 'off spec' low sulphur bunker fuel supplies. In order to meet 1.0% sulphur specifications, intermediate fuel oil (IFO) with higher sulphur content is blended with low sulphur cleaner fuel, or distillates, as part of a delicate blending process undertaken by the bunker supplier. The workshop focuses on blending and component selection as well as supply and demand of all types of bunkers, storage and distribution economics, quality standards, sampling and test methods.
The programme: Introduction
The residual fuel oil market and bunkers in particular
Market players and shares
Crude Oils & Refining processes and their impact on residual quality
Crude Oils
Refining
Refined products
Residual
Potential blend components
Standards
ISO 8217
Characteristics within the standards
The development of ISO 8217 and where it is going
Specific clauses and their impact
Regulation and Practical Constraints
Sulphur regulations
Global constraints on marine fuels
Emissions – PM’s, H2S
Safety – flash point
Storage and Handling
Types of tank storage
The economics
Commercial terms
Blending procedures
Tank farm management – controlling third party blending
Safety
Blending
Why blend
Blend components
Sourcing blend stocks
Blend stock characteristics
Price implication
Blending Issues (Density, Viscosity, Carbon residue, Water, Sulphur, Sediments, Ash, Vanadium, Aluminium and silicon, Flash point, Pour point, Cloud point, Ignition quality, Zinc, Phosphorous, Calcium, Additives, Blenders, Precision of test methods and repeatability)
Storage and Handling
Types of tank storage
The economics
Commercial terms
Blending procedures
Tank farm management – controlling third party blending
Safety
Blending Calculations
Worked examples of blending
The economics
Tools and software
Shipping in Cleaner Air Rotterdam, the Netherlands, 1 April, 2009,
Lecturer: Robin Meech, Marine and Energy Consulting
The workshop “Shipping in Cleaner Air” provides insight into the changing legislation to curb emissions form shipping. Although the focus will be on the Baltic and North Sea, participants will obtain an awareness of the global implications in terms of the regulations, compliance, demand for lower sulphur fuels, the longer term switch to distillate marine fuels and the price implications. The challenges faced by both suppliers and buyers will be demonstrated and proposed solution proposed, again setting out the associated costs. There will be ample time for questions and answers throughout the workshop. The workshop will be conducted simultaneously in Russian and English.
The Programme:
Marine Emissions
Quantification
The regulatory process
Legislation
Quantification
The regulatory process
Annex VI
EU Directives
California
Other regions
Global outlook
Bunker & Fuel Oil Demand
Marine and inland demand for high and low sulphur fuels
Demand by region
Demand by ship type
The supply pressures
Exhaust Gas Scrubbing
Technologies
Economics
Future utilisation
Green House Gas
Quantification
How GHG trading works
Future schemes
Economics
Financial Implications
Credit and pricing risks
Credit insurance
Price hedging
The future
Case Study
Summing up
Lecturers: CHRIS FISHER – Honour Treasurer, IBIA, Managing Director, Bunkers Claim International Company Chris Fisher can look back on almost 30 years of experience in the bunkering industry. A renowned expert in his field, he has published, together with Jonathan Lux, the book “Bunkers – An analysis of the practical, technical and legal issues”, which is regarded as a classic in the bunkering business. He is currently Director of Bunker Claims International, which he founded himself. BCI is serving clients worldwide with its expert advice. As a consultant, Chris Fisher has worked with a multitude of clients. The major P&I clubs as well as many international law firms, shipping companies, bunker suppliers, bunker traders and charter organizations and bunker suppliers can be counted among his clients. He began his career at Texaco, where he started as Chief Engineer and became Superintendent Engineer later on. In 1984, he began his work as a surveyor and consultant, specializing in liquid cargo and bunker quality disputes. In 1987, he began to work at DNV Petroleum Services. From 1991 to 1995, he took up the post of Regional Manager Europe for this company. In 1996, he was appointed Northern Europe Director at the British Standards Institute. The BSI group of companies provide independent Inspection and Certification services related to the sale and purchase of Oil and Petrochemical cargoes. Since 2003, he has concentrated on running his own business at Bunker Claims International. In addition, Chris Fisher is honorary treasurer of the International Bunker Industry Association, member of the Heavy Fuel Working Group of CIMAC and a Fellow of the Institute of Marine Engineering, Science and Technology. He has a long-standing experience in holding workshops on bunkering topics.
ROBIN MEECH is Managing Director of Marine and Energy Consulting, an independent consultancy practice focusing on the marine industry with an emphasis on the transport of energy. He has a particular interest in the bunker sector where he has undertaken assignments for ship owners, the Major Oil Companies as well as independent traders and national oil companies. He advises clients in the bunker sector on environmental issues, forming alliances, purchasing strategies, organisation, new business ventures, credit insurance, logistics, IT systems and e-business. He has also been a director of an independent tanker company where his responsibilities included managing the purchasing of bunkers. Robin Meech is co-author of “Outlook for Bunker Fuel Oil and Heavy Fuel Oil to 2015” due to be published later this year. Robin Meech has worked extensively throughout Russia including fours years’ resident in Moscow. He holds an honours degree in engineering from the University of Bristol, UK.
ATTENTION! Register for any 2 workshops and receive 20% discount for the third!
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