In every organization, care is taken to manage risks, by seeking to eliminate those that can be removed, and reducing and managing the remainder. Part of this process involves developing robust contracts which apportion risk equitably and include a structure of indemnities with contractors, supported by a comprehensive insurance regime. In addition, it is important that contract personnel understand contractual risks and what insurance can (and cannot) do to remove the financial consequences of such risk; always remembering that insurance only mitigates the effect of risk, it does not make the risk itself go away.
At the end of this course, the participants will be able to:
A more in-depth understanding of the elements of a contract.
How to analyze complex contract documents, and understand the inter-relationship between clauses.
How to develop effective indemnity regimes.
Appropriate types and forms of indemnities in different contracts.
How to use indemnities to manage risks.
The limitations of indemnity clauses.
How to link indemnity and insurance arrangements.
What types of insurance are available in a contracting context.
How to develop insurance clauses.
The latest thinking in dispute resolution techniques.
Contracts, Tendering, Purchasing, Procurement, and Project Professionals
Contract Administration, Engineering, Operational and Maintenance Professionals
Risk, Claims, Financial, and Audit Professionals
Project Management Professionals
All others who are involved in the planning, evaluation, preparation, and management of tenders, specifications, awards, and contracts that cover the acquisition of materials, equipment, and services and who are in organizations whose leadership want high levels of competency in those involved in these activities
The need for contracts.
Identifying risk.
Risk mitigation or impact mitigation?
Title.
Incoterms.
Intellectual property.
Types and nature of contracts.
Definition of terminology i.e. Conditions of contract & terms of contract etc.
Different legal systems - how to look for common practices but understand the differences.
Why we use contracts.
Formation of a Contract.
Oral or written?
The key elements of a contrac:
Terms and Conditions of contract.
Liquidated damages/penalties.
Limits of liability.
Suspension and termination.
Acceptance and Certificates.
Guarantee/Warranty/Maintenance.
Agency issues.
The basic structure of a contract.
Incorporating documents by reference.
Standard Forms.
Incorporating tender documents.
Letters of Intent or Award.
Letters of Comfort or Awareness.
Side Letters.
Bank bonds and Guarantees.
Parent Company Guarantees.
Insurance:
The purpose of insurance.
Limits on the cover.
Duty to disclose information.
Meaning of “All Risks”.
Relationship with risk management.
Types of insurance used in contract clauses.
Workmen’s compensation/employers’ liability.
Third party/liability insurance.
Property damage.
Professional indemnity/errors and omissions.
Construction All Risks.
Motor and aviation.
Marine insurance.
Hull and machinery.
Protection and indemnity (“P&I Clubs”).
Pollution.
Goods in transit.
Business interruption.
Unfair calling cover (bonds and guarantees).
Export credit insurance.
Who arranges?
For whose benefit?
Extension to subcontractors (National Oilwell case).
Terms - involving contractors.
Other relevant insurances.
Insurance for projects.
Indemnities:
Meaning of indemnities.
Making indemnities work - irrespective of negligence or breach of duty (the Piper Alpha litigation).
Link with insurance.
Cross indemnities.
Personnel.
Property.
Value of covenant.
Issues with indemnities under the Civil Law system.
Third parties.
Liability in negligence - relationship with contract conditions
Corporate social responsibility (CSR) is a management concept whereby companies integrate social and environmental concerns into their business operations and interactions with their stakeholders. CSR has been considered an efficient marketing tool for gaining the competitive advantages a company needs in order to be on top in the context of the current hyper-competitive environment.
You will learn vital skills for managing and creating content in this course. To help you establish a social media presence, you'll learn how to craft compelling social media posts and how to develop a powerful brand. Additionally, you'll discover how to create an ongoing procedure for handling your content. A content calendar should be created, postings should be managed and moderated, data should be analyzed for insights and iteration, and post effectiveness should be increased.
Are you under pressure from an ever-growing task list, conflicting demands and constantly changing priorities? Productive working practices are valuable skills in today’s work environment. Competition is intense and companies need people who can organize their time effectively, collaborate with others to achieve goals, and who constantly strive to better meet customer and stakeholder needs.
This popular course will support you to develop practices and techniques to manage this pressure proactively, allowing you to meet deadlines and deliver against your objectives. You will also develop skills in working well with others to ensure success.
The 5-Day Mini MBA is a unique distillation of the skills that need to be acquired in order to be considered successful in modern business. Not everyone is able to devote a year or two of their time to studying for a Masters in Business Administration, but in an age of rapid change in a highly competitive environment, it is crucial to have a thorough understanding of the issues involved in the smooth and successful running of a business. The 5 Day Mini MBA Leadership & Management Masterclass is a highly intensive training course covering all the usual subjects associated with an MBA. In 5 days, a delegate will learn what normally takes a year of full-time study. The Mini MBA course is designed to provide delegates with comprehensive knowledge of fundamental, proven strategies taught as both an academic and practical exercise. As a result, the course will provide a comprehensive understanding of the skills and knowledge that will be required for any person to further develop their business knowledge and skills and even to prepare them for actual formal study for an MBA. The course is designed to be delivered either as an “In House” class for an organization’s directors and senior management or as a public class where delegates from a number of companies can learn both from the course and from one another and exchange ideas and best practice.
Large capital-intensive projects in the oil and gas industries require substantial - and mostly risky - investments in the acquisition, exploration, and subsequent operation and maintenance of new organizational assets.
The decision of whether or not to invest in new capital projects in the oil and gas industry starts with critical decisions during the exploration phase of new development or the expansion of an existing field. The decision-making tools used to analyze project risk under conditions of uncertainty will help companies to determine the probability of success or loss and will drive the decision to develop or abandon the well.
Crisis management is concerned with responding to, managing, and recovering from an unforeseen event. Risk management is concerned with identifying, assessing, and mitigating any activity or event that could cause harm to the business. Risks can be strategic or operational in nature. A business continuity plan (BCP) is a process that outlines the potential impact of disaster situations on business operations. It creates policies that respond to various situations to ensure a business is able to recover quickly after a crisis.