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SUPPLYTIME 2017: Charter Clauses & Knock-for-Knock

The Masterclass in Supplytime Charter Party Contracts by Koenig Original equips maritime lawyers, charterers, fleet managers, and offshore operations executives with advanced skills to navigate BIMCO’s SUPPLYTIME 2017—the industry’s contract of choice for 90% of offshore support vessel agreements. It solves the critical pain point of mismanaged contractual risk by teaching precise interpretation of indemnity, knock-for-knock, and off-hire clauses, reducing costly disputes. Participants gain hands-on ability to draft, negotiate, and amend charters confidently.

This course prepares professionals for real-world contract mastery, not a formal certification, using Koenig’s Guaranteed-to-Run delivery model. With 30-day lab access for scenario practice, learners achieve operational clarity, minimize demurrage claims, and advance into senior chartering or legal advisory roles in the global offshore energy sector.

40 Hours (5 Days)
Live Online / Classroom
0+ professionals trained

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Self-Paced On Request
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Course Overview

The Masterclass in Supplytime Charter Party Contracts by Koenig Original is the premier Supplytime Charter Party training for maritime professionals. This 3-day intensive workshop provides an in-depth understanding of the BIMCO SUPPLYTIME 2017 standard, essential for mitigating risk in offshore operations. Price: $2,499.

Key Learning Outcomes:

Master the SUPPLYTIME 2017 framework including delivery and redelivery clauses.

Analyze complex knock-for-knock indemnity principles and liability allocation.

Navigate off-hire provisions and dispute resolution mechanisms effectively.

Apply practical negotiation strategies through real-world case studies.

Adapt standard contract terms for non-traditional offshore energy projects.

What You'll Learn

✓Compare and contrast the structural and legal differences between SUPPLYTIME 2005 and 2017 to ensure accurate drafting and review of charter agreements according to Koenig Solutions standards.
✓Evaluate vessel delivery and redelivery obligations under BIMCO SUPPLYTIME standards to ensure regulatory compliance and mitigate risks during handover procedures.
✓Implement knock-for-knock indemnity clauses within charter parties to allocate liability and minimize operational disputes in accordance with industry best practices.
✓Manage off-hire and suspension of service provisions to optimize vessel utilization and control operational costs during unforeseen events.
✓Negotiate custom rider clauses in Koenig Solutions SUPPLYTIME charter agreements to tailor contract terms to specific project requirements while maintaining legal clarity.
✓Apply SUPPLYTIME-compliant arbitration methods to resolve contractual disputes efficiently and ensure enforceable outcomes in maritime contract management.

Prerequisites

Recommended knowledge before taking this course
  • Basic understanding of maritime commercial operations and offshore support vessel (OSV) chartering practices, essential for mastering the Masterclass in Supplytime Charter Party Contracts by Koenig Original
  • Familiarity with BIMCO standard contract forms, especially SUPPLYTIME 2005 and 2017, to effectively navigate the Masterclass in Supplytime Charter Party Contracts
  • Knowledge of key charter party clauses such as off-hire, indemnity, termination, and knock-for-knock provisions, crucial for the Masterclass in Supplytime Charter Party Contracts
  • Experience in contract negotiation within the maritime or offshore energy sector, which enhances learning in the Masterclass in Supplytime Charter Party Contracts
  • Awareness of marine insurance principles and risk allocation in OSV operations, vital for understanding the Masterclass in Supplytime Charter Party Contracts
  • Legal or operational background in maritime law or offshore project management, providing a solid foundation for the Masterclass in Supplytime Charter Party Contracts
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Certification Exam

Everything you need to know about the SUPPLYTIME 2017: Charter Clauses & Knock-for-Knock certification exam

Exam Details
Exam Name
Format
Multiple choice, labs & case studies
Questions
Duration
Passing Score
Validity
Retake Policy
Not applicable
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SUPPLYTIME 2017: Charter Clauses & Knock-for-Knock

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Course Curriculum

Structured learning with hands-on labs and real-world scenarios

1
Day 1– Mastering SUPPLYTIME 2017 Delivery
Core SUPPLYTIME 2017 framework analysis Analyzing recent BIMCO revision updates Managing charter periods and delivery Ensuring vessel condition upon delivery Charterer inspection rights and protocols Mitigating late delivery cancellation risks Legal grounds for hire suspension Resolving complex charter invoice disputes
2
Day 2– Operational Employment and Risk
Structural alterations and employment scope Optimizing bunker and fuel management Assessing unsafe port operational hazards Navigating war risk and terrorism clauses Managing epidemic and fever provisions Force majeure and maintenance obligations Owner performance and allowance standards Operational challenge case study analysis
3
Day 3– Termination and Liability Frameworks
Strategic termination for cause procedures Executing termination for convenience rights Applying the knock-for-knock liability principle BIMCO charter party liability standards Insurance roles in charter party contracts Defining gross negligence and misconduct Excluding consequential loss and damages Navigating vessel tonnage liability limits
4
Day 4– Adapting SUPPLYTIME for Industry
Expanding SUPPLYTIME beyond OSV/AHTS Identifying modification risks and pitfalls Utilizing BIMCO Special Task Annexes Defining chartering matrix and scope Applying contracts to heavylift cranes Adapting for jack-up and windfarm vessels Introduction to WINDSEACON contract forms Practical contract adaptation case study
5
Day 5– Dispute Resolution and Management
Effective dispute resolution mechanisms Selecting governing law and forum Managing notices and agreement clauses Addressing global sanctions and taxes Ensuring health and safety compliance Managing infectious disease and war Contract management best practice standards Negotiating charter terms workshop session

What's Included in Your Training

Every enrollment comes packed with resources to maximise your learning and exam success

Career Outcomes

78%

of SUPPLYTIME 2017: Charter Clauses & Knock-for-Knock certified professionals report career advancement within 6 months

Salary Impact

+22%

Average salary increase reported after obtaining the SUPPLYTIME 2017: Charter Clauses & Knock-for-Knock certification

Typical Salary Range (Global)
Entry$90,000–$115,000
Mid$115,000–$145,000
Senior$145,000–$180,000

*Source: Glassdoor / LinkedIn 2025

Job Roles

6
  • Charter Party Manager
  • Maritime Contract Specialist
  • Offshore Vessel Operations Manager
  • Supplytime Contract Analyst
  • Marine Legal Advisor
  • BIMCO Contract Expert

Companies Hiring

5,000+
Maersk Shell BP ExxonMobil Deloitte PwC Equinor Transocean BIMCO Seacor Marine

and 5,000+ organizations worldwide seeking SUPPLYTIME 2017: Charter Clauses & Knock-for-Knock certified professionals

Real Transformations

Course Student Reviews

Real results from IT professionals who trained with Koenig — rated 4.9/5 from 18,400+ verified reviews.

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  • ★★★★★

    “Passed AZ-104 on first attempt. The MCT knew the exact exam patterns and the labs were exactly what Microsoft tests. Worth every penny.”

    Rahul M.

    Rahul M.

    Azure Administrator

    AZ-104 Certified ✓ Verified
  • ★★★★★

    “I trained 15 of my team members for SC-200. Koenig's on-site delivery was seamless and all 15 passed within 3 months.”

    Sarah K.

    Sarah K.

    CISO, Financial Services

    Enterprise Client ✓ Verified
  • ★★★★★

    “The 1-on-1 format was a game changer. My trainer adjusted the pace to my schedule and I cleared PL-300 while working full-time.”

    Ahmed R.

    Ahmed R.

    Business Intelligence Lead

    PL-300 Certified ✓ Verified
  • ★★★★★

    “From AZ-900 to AZ-305 in 6 months. Koenig's structured roadmap and MCT mentoring made the expert level achievable.”

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  • ★★★★★

    “As an L&D head I've used 5 training vendors. Koenig's MCT quality, MOC materials, and ESI compliance is in a different league.”

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    Head of L&D, UK Enterprise

    100+ Learners Trained ✓ Verified
  • ★★★★★

    “SC-900 and SC-300 back to back — both cleared first try. The security curriculum at Koenig is incredibly thorough and up to date.”

    Aisha N.

    Aisha N.

    Security Analyst

    SC-300 Certified ✓ Verified
  • ★★★★★

    “AI-102 was daunting but the trainer broke it down perfectly. Real Azure OpenAI labs made the difference. Highly recommend.”

    David L.

    David L.

    AI Engineer

    AI-102 Certified ✓ Verified
  • ★★★★★

    “DP-600 Fabric certification done in 3 weeks of part-time study. The customised schedule around my timezone was a lifesaver.”

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    Data Platform Engineer

    DP-600 Certified ✓ Verified
  • ★★★★★

    “Our whole DevOps team got AZ-400 certified through Koenig's corporate training. Smooth logistics and top-tier MCTs throughout.”

    Carlos R.

    Carlos R.

    Engineering Manager

    AZ-400 Team Training ✓ Verified
  • ★★★★★

    “Passed AZ-104 on first attempt. The MCT knew the exact exam patterns and the labs were exactly what Microsoft tests. Worth every penny.”

    Rahul M.

    Rahul M.

    Azure Administrator

    AZ-104 Certified ✓ Verified
  • ★★★★★

    “I trained 15 of my team members for SC-200. Koenig's on-site delivery was seamless and all 15 passed within 3 months.”

    Sarah K.

    Sarah K.

    CISO, Financial Services

    Enterprise Client ✓ Verified
  • ★★★★★

    “The 1-on-1 format was a game changer. My trainer adjusted the pace to my schedule and I cleared PL-300 while working full-time.”

    Ahmed R.

    Ahmed R.

    Business Intelligence Lead

    PL-300 Certified ✓ Verified
  • ★★★★★

    “Passed AZ-104 on first attempt. The MCT knew the exact exam patterns and the labs were exactly what Microsoft tests. Worth every penny.”

    Rahul M.

    Rahul M.

    Azure Administrator

    AZ-104 Certified ✓ Verified
  • ★★★★★

    “I trained 15 of my team members for SC-200. Koenig's on-site delivery was seamless and all 15 passed within 3 months.”

    Sarah K.

    Sarah K.

    CISO, Financial Services

    Enterprise Client ✓ Verified
  • ★★★★★

    “The 1-on-1 format was a game changer. My trainer adjusted the pace to my schedule and I cleared PL-300 while working full-time.”

    Ahmed R.

    Ahmed R.

    Business Intelligence Lead

    PL-300 Certified ✓ Verified
  • ★★★★★

    “From AZ-900 to AZ-305 in 6 months. Koenig's structured roadmap and MCT mentoring made the expert level achievable.”

    Priya S.

    Priya S.

    Cloud Solutions Architect

    AZ-305 Expert ✓ Verified
  • ★★★★★

    “As an L&D head I've used 5 training vendors. Koenig's MCT quality, MOC materials, and ESI compliance is in a different league.”

    James T.

    James T.

    Head of L&D, UK Enterprise

    100+ Learners Trained ✓ Verified
  • ★★★★★

    “SC-900 and SC-300 back to back — both cleared first try. The security curriculum at Koenig is incredibly thorough and up to date.”

    Aisha N.

    Aisha N.

    Security Analyst

    SC-300 Certified ✓ Verified
  • ★★★★★

    “From AZ-900 to AZ-305 in 6 months. Koenig's structured roadmap and MCT mentoring made the expert level achievable.”

    Priya S.

    Priya S.

    Cloud Solutions Architect

    AZ-305 Expert ✓ Verified
  • ★★★★★

    “As an L&D head I've used 5 training vendors. Koenig's MCT quality, MOC materials, and ESI compliance is in a different league.”

    James T.

    James T.

    Head of L&D, UK Enterprise

    100+ Learners Trained ✓ Verified
  • ★★★★★

    “SC-900 and SC-300 back to back — both cleared first try. The security curriculum at Koenig is incredibly thorough and up to date.”

    Aisha N.

    Aisha N.

    Security Analyst

    SC-300 Certified ✓ Verified
  • ★★★★★

    “AI-102 was daunting but the trainer broke it down perfectly. Real Azure OpenAI labs made the difference. Highly recommend.”

    David L.

    David L.

    AI Engineer

    AI-102 Certified ✓ Verified
  • ★★★★★

    “DP-600 Fabric certification done in 3 weeks of part-time study. The customised schedule around my timezone was a lifesaver.”

    Mei W.

    Mei W.

    Data Platform Engineer

    DP-600 Certified ✓ Verified
  • ★★★★★

    “Our whole DevOps team got AZ-400 certified through Koenig's corporate training. Smooth logistics and top-tier MCTs throughout.”

    Carlos R.

    Carlos R.

    Engineering Manager

    AZ-400 Team Training ✓ Verified
  • ★★★★★

    “AI-102 was daunting but the trainer broke it down perfectly. Real Azure OpenAI labs made the difference. Highly recommend.”

    David L.

    David L.

    AI Engineer

    AI-102 Certified ✓ Verified
  • ★★★★★

    “DP-600 Fabric certification done in 3 weeks of part-time study. The customised schedule around my timezone was a lifesaver.”

    Mei W.

    Mei W.

    Data Platform Engineer

    DP-600 Certified ✓ Verified
  • ★★★★★

    “Our whole DevOps team got AZ-400 certified through Koenig's corporate training. Smooth logistics and top-tier MCTs throughout.”

    Carlos R.

    Carlos R.

    Engineering Manager

    AZ-400 Team Training ✓ Verified

Frequently Asked Questions

Everything you need to know about the SUPPLYTIME 2017: Charter Clauses & Knock-for-Knock training course

Is the certification exam included in the Masterclass in Supplytime Charter Party Contracts, and what is the exam fee if separate?
The certification assessment is included in the Masterclass in Supplytime Charter Party Contracts by Koenig Original, with no separate exam fee. Participants can opt for a final open-book test to earn a Certificate of Achievement with a grade (distinction, merit, or pass); those not taking the test receive a Certificate of Attendance. This aligns with BIMCO’s standard certification model used by Koenig Original for this course.
What training formats are available for the Masterclass in Supplytime Charter Party Contracts, and does Koenig offer Guaranteed-to-Run scheduling?
The Masterclass in Supplytime Charter Party Contracts is offered in live online and classroom formats, with sessions typically spanning five days at 180 minutes per day. Koenig provides Guaranteed-to-Run scheduling, ensuring confirmed dates for both online and in-person delivery, allowing professionals to plan with confidence regardless of enrollment numbers. This ensures your training schedule remains stable and reliable.
How long is lab access provided, and what type of environment is used for the Masterclass in Supplytime Charter Party Contracts?
The Masterclass in Supplytime Charter Party Contracts does not include lab access, as it is a legal and commercial training focused on contract interpretation, negotiation, and case studies rather than technical or IT environments. Learning is delivered through presentations, discussions, and real-world scenarios without cloud sandbox or simulation tools. This focus maximizes your time on high-stakes contract management.
What is Koenig's rescheduling and cancellation policy for the Masterclass in Supplytime Charter Party Contracts?
Koenig’s rescheduling and cancellation policy applies standard fees: 30% of fees are charged if canceled 30 days prior, 50% at 29 days, 70% at 14 days, and 100% if canceled within 7 days of the course start. Rescheduling follows the same cost structure, with written notice required to sales@heinrich-koenig.de. Please manage your registration timeline carefully to avoid these standard administrative charges.
What is the exam format, number of questions, passing score, and time limit for the Masterclass in Supplytime Charter Party Contracts certification?
The certification assessment is an open-book test with no fixed number of questions or strict time limit, conducted at the end of the course. There is no published passing score; instead, participants receive a Certificate of Achievement with a grade (pass, merit, or distinction) based on performance, or a Certificate of Attendance if they opt out. This reflects your mastery of the material.
How long is the certification valid, and what is the renewal process and cost for the Masterclass in Supplytime Charter Party Contracts?
The Masterclass in Supplytime Charter Party Contracts certification does not have an expiration date and does not require renewal. The Certificate of Achievement or Attendance is valid indefinitely, reflecting completion of the training without mandatory recertification, consistent with BIMCO’s professional development model adopted by Koenig Original. This provides long-term value for your professional credentials.
What post-training support does Koenig provide after completing the Masterclass in Supplytime Charter Party Contracts?
Koenig provides post-training support through access to course materials in PDF format for ongoing reference and inclusion in BIMCO’s eLearning platform for continued learning. Participants also benefit from networking opportunities with peers and trainers, enabling long-term professional relationships and practical guidance in contract management roles. This support ensures you can apply your skills immediately.
What are the prerequisites or prior experience needed to attend the Masterclass in Supplytime Charter Party Contracts?
Participants should have professional experience in maritime, offshore energy, or legal contracting roles such as chartering managers, legal counsel, or operations managers. Familiarity with basic contract principles and involvement in OSV/AHTS operations is recommended, as the course is designed for experienced professionals seeking advanced negotiation and risk management skills. This ensures a high-level peer environment.
What career benefits or salary impact can professionals expect after completing the Masterclass in Supplytime Charter Party Contracts?
Graduates gain expertise in high-value contract negotiation, leading to roles like Chartering Manager or Maritime Legal Counsel with salaries ranging from $85,000 to $140,000 annually. Mastery of SUPPLYTIME 2017 and risk allocation improves organizational decision-making, reduces disputes, and enhances career progression in offshore energy and shipping sectors. Invest in your future earning potential today.
How does instructor-led training for the Masterclass in Supplytime Charter Party Contracts compare to self-study in terms of effectiveness and outcomes?
Instructor-led training offers superior outcomes compared to self-study by providing real-world case studies, expert insights from industry practitioners, and interactive discussions that clarify complex clauses. This method enhances understanding of SUPPLYTIME 2017’s legal and commercial nuances, leading to better contract drafting and negotiation skills than independent learning. You gain direct access to expert knowledge.

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