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Oil Tanker Chartering & Operations

Oil Tanker Chartering & Operations

The Oil Tanker Chartering & Operations course offered by Lloyd's Maritime Institute provides an in-depth understanding of the tanker chartering market, covering essential aspects such as voyage estimating, market structure, and tanker time charters. This course is ideal for professionals involved in the shipping industry, including shipbrokers, charterers, and shipowners.


1,500.00 € 1,500.00 €

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This Advanced Diploma comprises two core units and two specialization ones:

CORE UNITS:

Unit of Competency Code Course Title Nominal Hours
SM001 Introduction to Shipping 52
SM002 Commercial Shipping 52

SPECIALISATION UNITS:

Unit of Competency Code Course Title Nominal Hours
SM011 Tanker Chartering and Operations 52
SM024 Crude Oil & Petroleum Products 52

  • To provide participants with a clear understanding of the history and development of tanker chartering.
  • To teach the techniques of voyage estimating, including the geographical influences and financial aspects of tanker chartering.
  • To develop the expertise required for negotiating tanker charter parties and managing tanker operations efficiently.
  • To enhance participants' strategic decision-making skills in tanker market practices, helping them secure advantageous contracts.

Minimum Entry Requirements

There are no prerequisites for this Course, however, in order to fully benefit from the training, it is recommended that the participants are either new entrants to the shipping industry or professional staff in shipping companies, ship brokers, port agencies, insurance inspectors, banks and similar service organisations can gain a valuable understanding of their customers roles and responsibilities.

The comprehensive documentation that accompanies the course has been designed as a useful guide for future reference.


Who Should Attend

The Maritime field is extremely broad and brings about relationships with a variety of people with varying levels of experience from the many different aspects of shipping therefore this Course is suitable for a broad range of maritime related professionals and regularly attracts ships’ officers and shore-based management staff.

But the course is also valuable to Classification Societies, Marine Insurers, P&I Club Managers, Port Authorities and Coast Guard personnel amongst others.

The course is conducted online and provides a wonderful chance to build your international professional network without having to afford any travel expenses. Often more than 10 nationalities participate and are introduced to each other thanks to our education portal features.


  • Producers, Traders or Commodities Brokers and Suppliers
  • Ship agent, Shipbrokers
  • Shipowners, Charterers, Shippers and Maritime Attorneys
  • Purchasers and Technical Managers and Superintendents
  • Captains, Chief Engineers and Ship Staff
  • Insurance Company Underwriters, Claims Handlers, and Members of the Legal Profession
  • Service Providers, Surveyors, Inspectors, Analysts, Technical Advisers
  • Practicing Cargo Agents, Freight Forwarders, Shipping Industry Starters, Cargo Consolidators
  • Other Professionals.