Oil Sales and Trading Contracts

We provide various training courses and workshops which focus on the structure, terms and conditions and implementation of the contracts covering international crude oil and petroleum product sales and purchases, together with the related transactions such as shipping and storage. The course detailed below is an example of one of these, but we can also “tailor” a program to fit the client’s needs.

Provides a practical appreciation and understanding of the contracts which form the basis of all transactions covering the international sale, purchase, shipping, trading and storage of crude oil and petroleum products. Typical terms and conditions of these contracts are reviewed, with examples, as well as the risks and exposures which can arise. Handling of contractual disputes will be covered, together with the various options for dispute resolution, including mediation, arbitration and recourse to the courts.

All prices are net, VAT will be added where applies.

International Oil Trading and Shipping Contracts – Risks & Disputes and How to Resolve Them

Length: 4 online sessions of approx. 2.5 hours

This popular course provides a practical appreciation and understanding of the contracts which form the basis of all transactions covering the international sale, purchase, shipping, trading and storage of crude oil and petroleum products. Typical terms and conditions of these contracts are reviewed, with examples, as well as the risks and exposures which can arise. Handling of contractual disputes will be covered, together with the various options for dispute resolution, including mediation, arbitration and recourse to the courts.

The course includes exercises which cover contract formation, identifying exposures, dealing with contract risks and an arbitration case study.

Subjects covered include:
• Oil Sale and Purchase Contracts;
• Tanker Charter Party;
• Payment and Payment Security;
• Storage Contracts;
• Quantity, Quality and Specifications;
• Contract Risks & Exposures;
• Claims, Disputes and Dispute Resolution.






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