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Masterclass in Supplytime Charter Party Contracts

An Interactive 5-Day Training Course

Masterclass in Supplytime Charter Party Contracts

A Guide for Contracting and Management of Offshore Supply Vessels

NASBA
Classroom Schedule
Date Venue Fees
17 - 21 Aug 2026 Dubai $ 5,950
Online Schedule
Date Venue Fees
17 - 21 Aug 2026 Online $ 3,950

Course Summary

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?
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
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 Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers and Associations

Endorsed Education Provider

NASBA

In Association With

Options & Brochure

Why Choose Saudi GLOMACS?

Saudi GLOMACS is the official Saudi Arabian division of GLOMACS International (glomacs.com), delivering internationally recognised training courses both within Saudi Arabia and across international locations. Our training courses are aligned with the highest professional and institutional standards, supported by a strong understanding of the professional landscape in Saudi Arabia and access to global expertise.

Saudi GLOMACS enables professionals and organisations to strengthen leadership, capability, and long-term excellence through consistently high-quality learning experiences.

Official Saudi Presence

Official Saudi Arabian division of GLOMACS with established global credibility.

International Benchmarks

Internationally benchmarked training courses aligned with professional best practices.

Trusted Across Sectors

Trusted by professionals and institutions across public and private sectors.

Flexible Delivery

Training courses delivered within Saudi Arabia and across international locations.

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Frequently Asked Question

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

No. Our training courses are delivered globally through international locations and online platforms, enabling participants from Saudi Arabia and around the world to learn together. This global delivery approach ensures exposure to diverse perspectives, international best practices, and cross-cultural insights while maintaining strong relevance to regional and organisational needs.

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Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Yes, in-house and customised strategy training courses are available to support organisations seeking tailored strategic capability development. These courses can be aligned with your industry context, organisational challenges, and long-term strategic objectives.

For further details or to discuss customisation requirements, you may call or WhatsApp +966 (54) 286 8546 or email [email protected] . You can also submit a detailed enquiry through our in-house training page at: https://sa.glomacs.com/in-house-seminars

If you would like further information about these training courses, our team is available to provide professional guidance and support. We are pleased to assist with course selection, the registration process, and any other related enquiries.

For personalised assistance or detailed enquiries, please contact our team on +966 (54) 286 8546 or email us at [email protected]

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

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