Comprehensive training courses for your African downstream energy activities.


CITAC training courses will equip you with the necessary competencies and practical solutions you need to gain a full understanding of the African downstream market, improve your performance and reduce your risks.

Choose from a wide range of courses for the downstream industry covering trading, operations, finance, supply chain, LNG, shipping and more.

Held throughout Africa, all our training courses are led by highly experienced trainers, who are all leaders in their respective fields.

Investment Financial Appraisal

This CITAC interactive workshop will

  • consider the various stages of an investment project
  • evaluate live examples of potential acquisitions and disposals and use financial models to aid
    decision making
  • help delegates to develop an understanding of their risk tolerance and how to use techniques
    such as discount factors and acceptable rates of return to model that tolerance
  • encourage delegates to share their own examples and experiences consider the various stages of an investment project evaluate live examples of potential acquisitions and disposals and use financial models to aid decision making help delegates to develop an understanding of their risk tolerance and how to use techniques such as discount factors and acceptable rates of return to model that tolerance
  • encourage delegates to share their own examples and experiences

The 3-day course will cover:

  • The project
  • Building the business case
  • Key characteristics of a good model
  • Building the future cash flows
  • Quantifying the risks
  • Choosing between competing investments
  • Valuing a business as an ongoing concern
  • Financing the deal
  • Implementation phase
  • Handing over to business as usual

International Petroleum Shipping and Freight Market

This CITAC training course, in partnership with Riverlake Shipping SA,  will use numerous theoretical and practical workshops to examine in detail,international petroleum shipping and freight markets. It will explore the global and African situation and analyse key issues such as vessel selection, freight costs, risks involved in shipping petroleum products, the various benefits of working in the African market, and documentation.

The 4 day Course will cover:

International Shipping Market

  • Oil Market Trends. What is happening? A recovery from the crash?
  • The African Oil Market. Who is doing what?  Who are the charterers and who are the active shipowners? What are the benefits of operating in Africa?
    Piracy: a disaster for the market. Consequences?
  • Vessels and types of hull/double hull.  Pros?  Ship measurements / Vessel draft (TPC) – Workshop.
  • Ship-to-ship operations. Why and how? What are the risks and difficulties? How to measure the transshipped quantities?

How to charter?

  • Parties involved.  Who does what?
  • Choosing a vessel
  • Closing chartering contracts – Workshop
  • Thoughts on the value of a shipping department

Charter-party contract negotiation. What is the best charter-party?

  • Types of agreements
    • Spot
    • Time charter
    • Bare boat
  • Legal liabilities

Freight invoices

  • Calculate freight costs per tonne or per Worldscale point
  • Worldscale – How does it work?  Justification and practical examples – Workshop

Documentation

  • Bills of lading – Explanation and practical approach

Demurrage – managing risks

  • How to prevent demurrage
  • Demurrage calculation –  Workshop

Maritime Regulation

  • Vetting – Oil tanker quality. Floating dustbins?
  • How to insure oil tankers. What protection?
  • IMO & Class.
  • P & I Club – shipowner insurance
  • National flag or flag of convenience?

This course is designed for those involved in transportation of oil products and downstream oil market activities.

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