Coal (Basic)

Module: The coal value chain

Module: Coal reserves & quality – Production & consumption

Module: Shipping – Cargo, vessels & routes

Module: Freight – Chartering & incoterms

Module: Pricing of freight – Baltic indices

Module: Pricing of coal – Price driving factors & benchmarks

Reader: Coal & Freight (Basic Level)

Exam: Coal & Freight (Basic Level)

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Objectives

In the first level of the “Coal & Freight, Coal & Freight Markets & Trading” programme focus is on the physicality of coal and chartering of vessels. The programme covers the coal value chain, and ranges from production, via transport, to its processing and consumption. Coal consumption by industry and power generators is covered by this in this programme. Students also learn about vessels, transport routes and technical features.

Knowledge of physicality is essential in order to understand pricing mechanisms and the organisation of coal markets. Without knowledge of physical features one cannot embed logic with respect to trading & risk management.

Course contents

  • Module: The coal value chain
    • Production, transport, stock piling & consumption in a nutshell
    • About steam coal and coking coal allocation
  • Module: Coal reserves & quality – Production & consumption
    • About the volumes of production and consumption
    • Concerning conventional and unconventional coal reserves
    • Peat, (sub-)bituminous coal, lignite, anthracite & graphite
    • About the content of sulphur, ash, moisture
  • Module: Shipping – Cargo, vessels & routes
    • About the competition between coal, metals & soft commodities
    • Concerning panamax, suezmax, capesize vessels and others
    • Covering important shipping routes & transport capacity
  • Module: Freight – Chartering & incoterms
    • About trip charters and time charters
    • About terms & conditions of shipping; p.e. free of board (FOB), cost of insurance and freight (CIF) and delivery at ship (DES)
    • Concerning lay-time and demurrage
  • Module: Pricing of freight – Baltic indices
    • About the internal and external factors of influence
    • Concerning the Baltic indices, such as the Baltic Dry index (BDI)
    • Covering fleet composition and fleet age
  • Module: Pricing of coal – Price driving factors & benchmarks
    • Re fundamental price drivers
    • About production capacity and flooding of mines / shafts
    • Concerning the substitution effect with natural gas
    • Covering sustainability and renewables
  • Reader
  • Exam
    This is the exam for the Gas, Gas Trading & Markets (Basic Level) programme. After passing the exam, you will be able to receive your certificate here as well.
Price online €299.00 excl. VAT
Price in-class €990.00 excl. VAT
Calendar in-class Amsterdam
16 May 2018

Amsterdam
15 Nov 2018
Duration in-class 1 day
Level Basic
Language English

Course elements

eLearning

6 video modules (a combined total of ~120 minutes of video content).

Extensive Reader

A reader providing significant background and depth.

Tests & Final Exam

Several test questions per module and a final exam covering the whole course.

Certification

When the final exam has been passed you will receive the digital certificate and can be registered with the Charter.