Fundamentals of Oil Contracts Downstream, International workshop 17 - 19 October 2011, Moscow

This course covers fundamental areas of downstream oil contracts taking into account logistics and finance. It addresses from both practical and legal viewpoints how to deal with dispute situations that may arise in the performance of these contracts. Through a mixture of current practice, delegates will address day-to-day problems and will learn how to avoid many of the pitfalls that may occur. Real case studies and exercises will provide hands-on experience to enable delegates to draft, interpret and operate oil contracts to minimise the risk of dispute.

Much of the work will be carried out in teams, where participants will simulate real in-company practice, working with other delegates drawn from a wide background of disciplines in the industry. Delegates will be given the task of drafting a contract and will be guided by the lecturers through the relevant stages.

This a rare opportunity to have all essential aspects of the downstream transportation and trading of oil in one complete course programme

KEY OBJECTIVES

·         The genesis, structure and interpretation of oil contract terms.

·         How to properly negotiate oil contracts.

·         Understanding the responsibilities involved in contract performance.

·         How to assess and present quantity and quality claims

·         The use of INCOTERMS

·         The essentials of a letter of credit

·         How to manage and successfully resolve disputes

·         Roles and responsibilities involved in STS operations

WHO SHOULD ATTEND?

·         In-house lawyers

·         Procurement managers

·         Contract managers

·         Contract analysts

·         Contract engineers

·         Contractors and sub-contractors

·         Traders

·         Brokers