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Course Schedule
Classroom Sessions:
DateVenueFees
18 - 22 Aug 2025 Dubai - UAE $5,950
Online Sessions:

18 - 22 Aug 2025 Online $3,950
Course Description

INTRODUCTION

SUPPLYTIME is the benchmark for offshore support vessel agreements – and the industry’s contract of choice. It has also been widely adopted by other sectors looking for a contract offering a comprehensive knock-for-knock framework. This GLOMACS training course will assist you in identifying how the form works when being used for a wide variety of tasks, thereby helping you to understand and explain your own risks and exposure.

The Maritime and Offshore Oil and Gas industry depends on Offshore Supply Vessels (OSV) for their offshore operations relating to a number of marine activities. BIMCO Supplytime 2005 and 2017 is the benchmark for Offshore Support Vessel (OSV) agreements – and the industry’s contract of choice.  These need to be negotiated bearing in mind both the operational and commercial nature of the work they undertake. Parties to an OSV Chartering contract must identify the key issues and amend standard form contracts to address their concerns if necessary.

This training course will be a “how to” guide for handling OSV Charter Party contracting and OSV management. Participants of this training course will examine contract clauses in relation to the relevant legal, commercial, and operational considerations and identify the problematic issues and learn how to negotiate and draft contracts that can avoid or mitigate these problems.  The key take away from this course will be how to deal with counterparty risk, insurance and liability issues and overall mitigation of risk exposure with carefully crafted clauses in a chartering contract.

This training course will highlight:

  • How does the Supplytime contract works across different segments of the offshore, maritime and energy sector?
  • What are the other uses of SUPPLYTIME for OSV/AHTS?
  • Key clauses and the changes from SUPPLYTIME 2005 to 2017
  • Conditions, maintenance and removal of equipment
  • Insurance and Knock for knock clauses – a practical guide
  • How to work with rider clauses?

Objectives

The delegate attending this training course will be able to:

  • Improve your understanding key issues relating to OSV chartering contracts
  • Gain expertise in negotiating offshore contracts
  • Compare and differentiate the various types of OSV contracts for different operational needs
  • Master allocation of risk between owners and charterers
  • Avoiding and mitigating risks by using smart contracting strategies.
  • Grasp critical commercial and legal implications of liability and indemnity clauses
  • How to insure in order to safeguard against potential risk and liabilities

Training Methodology

The training course will combine presentations with instructor-guided interactive discussions between participants relating to their individual workplace. Practical exercises, video material and case studies aiming at stimulating these discussions and providing maximum benefit to the participants will support the training.

Organisational Impact

The organisation will benefit by:

  • Having a team that will fully understand the fundamentals of Supplytime charter Party Contracts.
  • Manage risks and liabilities involved including the negotiating and drafting of these contracts.
  • Saving costs and management time in resolving issues relating to the charter, hire, maintenance of offshore Supply Vessels.
  • The skills of the management team in the specialised area.
  • Providing options to management on how best to deal with claims and know the available solutions that are available.
  • Analysing and strategizing on the best approach to handles any disputes that may arise
  • Know the best use of alternative dispute resolution processes to resolve claims disputes to save costs and time.

Personal Impact

This training course teaches the competencies that enable participants to:

  • Understand the essential aspects and basis of Supplytime Charter Party contracts
  • Gain an understanding of the basis of laytime and demurrage and how to minimize demurrage claims.
  • Acquire skill sets to be better prepared to deal with difficult issues relating to claims.
  • Know the key clauses and changes from SUPPLYTIME 2005 to 2017
  • Condition, maintenance, and removal of equipment
  • Have a practical guide to Insurance and Knock for knock provisions
  • Learn how to work with rider clauses
  • Knowing different dispute resolution methods used in resolving these maritime disputes.
  • Through a combination of theory, discussion and casework participants find SUPPLYTIME forms clearer and more manageable.
  • Learn from the valuable experiences of the trainers who will show participants practical solutions, which can be used on the job.

WHO SHOULD ATTEND?

This training course is suitable to a wide range of professionals involved in the OSV / AHT maritime sector and will greatly benefit the following personnel. 

  • Owners
  • Charterers
  • Offshore Field Operations Managers
  • Commercial and Marketing Directors
  • Corporate Legal Counsels
  • Practicing Maritime Lawyers interested in OSV Sectors
  • Fleet Managers, Ship Managers and Superintendents
  • Operations Managers, Masters, Post-fixture Managers
  • Investment Analysts and Offshore Credit Risk Managers of Financial Institutions
  • Managers from Platform Operators and those engaged in Offshore E & P Projects
  • CEO, COO, CFO
  • Legal counsel & Financial officers
  • Technical Managers
  • Marine Operations Personnel
  • Business Development Managers
  • Commercial Managers
  • Maritime Executives, Ship Engineers
Course Outline

DAY 1

Introduction to BIMCO to SUPPLYTIME 2005 and 2017

  • Commercial/practical aspects to SUPPLYTIME 2005 and 2017
  • What is SUPPLYTIME?
  • How does the form work?
  • Owner and charterer’s roles and responsibilities
  • Key clauses and changes in SUPPLYTIME 2017.
  • Delivery/redelivery – parties obligation on delivery
  • Late delivery and its consequences
  • Charter Period & Extensions – agreed and automatic
  • Breakdown / continuous period of offhire

DAY 2

Key Clauses in SUPPLYTIME 2005 AND 2017 

  • Standard clauses to note
  • Rider clauses
  • Knock-for-knock indemnity
  • Hire payment and withdrawal of vessel
  • Termination and withdrawal
  • Early termination for convenience
  • Gross negligence and wilful misconduct & fraud
  • Repudiatory breach of charter party

DAY 3

Vessel Specification, Maintenance, and Insurance 

  • Description and class of the vessel at delivery
  • Condition, maintenance, and removal of equipment:
  • Annex A – vessel specification
  • Meaning of "about", "approximately", "without guarantee"
  • Due diligence – what is it and actions to be taken
  • Owners’ obligations to exercise due diligence
  • Obligation to maintain the vessel and ensure the vessel is fit for purpose
  • Mobilisation and demobilisation
  • Maintenance days
  • Insurance Knock for knock clauses
  • Consequential loss

DAY 4

Employment and Operations

  • Employment, salvage, etc.
  • Bunkers
  • Unsafe ports, war risks, ice, and fever
  • Offhire, breakdown / continuous period of offhire
  • Payment period and Terms
  • Suspension of service
  • Enforcement
  • Termination and liens
  • Insolvency
  • Standby, Force Majeure & Vessel’s intended work becoming impossible
  • Taxes, fees, and licenses
  • Expropriation and piracy

DAY 5

Identifying the Pitfalls and Problem Areas and Learning Best Practices to Manage them  

  • Identifying potential areas of dispute
  • Examining some of Supplytime’s problem provisions
  • Considerations when revising the provisions for your own operations
  • Best practice contract management on how to avoid the pitfalls
  • Dispute resolution & Options available
  • Implications of choice of law, choice of forum

Workshop on Negotiating Supplytime Charter Party Contracts

  • Effectively negotiating and amending a Supplytime OSV chartering contract.
  • Participants to work through a real-life example and focus on what problems and solutions.
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
  • Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Providers and Associations

Endorsed Education Provider

  • Quality Logo

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org

In Association With

PetroKnowledge

PetroKnowledge

Our collaboration with Petroknowledge aims to provide the best training services and benefits for our valued clients

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Frequently Asked Question:

How can I find out more information about a specific course?

For detailed information about specific courses, including course content, schedules, and instructors, you can visit our website or contact our customer service team. They will be happy to provide all the information you need to make an informed decision.

Can I get a discount for group bookings?

Yes, GLOMACS offers special discounts for group bookings. If you’re planning to enroll multiple participants from your organization, please reach out to our team to discuss the available discount packages.

How are GLOMACS courses structured?

Our courses are structured to provide a balanced mix of theory and practical application. They typically include presentations, case studies, group discussions, hands-on activities, and interactive Q&A sessions to maximize learning outcomes.

Will I receive a certificate upon completing a GLOMACS course?

Yes, upon successful completion of any of our training courses, GLOMACS Certificate will be awarded to the delegates. This certificate is a valuable addition to your professional portfolio and is recognized across various industries.

Does GLOMACS offer customized training for organizations?

Yes, GLOMACS provides customized training solutions tailored to meet the specific needs of organizations. We work closely with companies to design bespoke training courses that address their unique challenges and objectives.

How can I register for a GLOMACS course?

You can register for a GLOMACS training course by visiting our website, selecting the course of your choice, and following the simple registration process. You can also contact our support team for assistance with the registration process.

Who are the trainers at GLOMACS?

Our trainers are industry experts with years of practical experience in their respective fields. They bring real-world knowledge and insights into the classroom, ensuring that our participants receive top-tier, applicable skills and expertise.

Are GLOMACS training courses available online or in person?

GLOMACS offers both online and in-person training options. You can choose from interactive virtual sessions or attend one of our globally located in-person training courses. The flexibility ensures that learning fits your schedule and preferences.

What types of training courses does GLOMACS offer?

GLOMACS offers a wide range of professional development training courses across various industries, including Leadership & Management, Finance & Accounting, Human Resources, Engineering, Oil & Gas, Operations and Logistics, Engineering and Technical and more. Our training courses are designed to enhance career growth and organizational effectiveness.

What are the key benefits of attending a GLOMACS course?

Attending a GLOMACS training course offers numerous benefits, including enhanced professional skills, increased employability, industry-recognized certification, networking opportunities with peers and experts, and the chance to apply practical knowledge directly to your workplace.

Why should I choose GLOMACS?

GLOMACS is a globally recognized leader in professional training and development, with a reputation for delivering high-quality, results-driven training courses. We offer a broad spectrum of training courses taught by expert trainers, flexible delivery options (both online and in-person), and accredited certifications that add real value to your career.

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