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04-05-2021 (Live Online Training)

P21GT34SGV Live Online Training: Dry Cargo Laytime & Demurrage
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Live Online Training: Dry Cargo Laytime & Demurrage

4-Part series | 4 hours per Part | 1:30 pm – 5:30 pm (SGT)
May 2021 Course: 4th May | 5th May | 6th May | 7th May

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Register 2 Delegates & the 3rd attends FREE!

overview

Key Learning Outcomes

  • Introduction to Laytime
  • Introduction to Demurrage and Despatch
  • Shipowners’ and charterers’ duties
  • When does the clock start to tick?
  • Safe ports and berths and anchorages
  • Arrived ship, Notices of Readiness
  • Statements of Facts
  • Notes of Protest
  • Charter party clauses
  • Time bars

Who Will Benefit

Participants will be expected to have little or no prior knowledge of Laytime

  • Ship owners and managers
  • Charterers including Importers, Exporters and Traders
  • Shipbrokers
  • Port and ship agents
  • P&I personnel
  • Logistics and shipping professionals
  • Legal advisers, solicitors and barristers
  • Government bodies and representatives

What Past Delegates Liked About This Course

“The speaker has the shipping/commercial background, the topic is relevant to my daily work”
~ GM, IMC Shipping Co Pte Ltd

“There is a lot of discussion among the participants. The trainer displays a lot of knowledge and is generous to share”
~ Planner, Sumitomo Chemical Asia Pte Ltd

“This is a very hands-on, practical programme for me”
~ Post Fixture Manager, IMC Shipping Co Pte Ltd

pricing

Packages Price
Live Online LearningSGD $2876

Register 2 Delegates & the 3rd attends FREE!
Group rate is based on normal rate only.
For Group Registrations, email sgtraining@informa.com or call +65 6973 3567.

  • Special Group Discount pricing is applicable to groups of 2 or more delegates from the same organization registering for the same event, at the same time.
  • Fee stated is the discounted price PER DELEGATE. Only one discount applies – either the early bird rate OR the Special Group Discount.
  • A 7% Goods & Services Tax (GST) is applicable to all Singapore based companies for Singapore venue.
  • View payment terms and bank transfer details, click here »

Course Director

Jeffrey Blum (FICS, FCIArb)
Founder, Interlink International Trading (UK) Ltd (IIT)
Founder & Principal Lecturer, Maritime Education & Training Ltd (METL)

View profile »

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Catering to meet all your learning needs:

  • Get high quality practical training from our expert instructors
  • From Face To Face, Online and Blended Learning, get a superior solution for your learning needs
  • Learn live online in an interactive environment
  • Invest in yourself. Invest in your team.

Register today for our Live Online Training courses and find out how they can help you transform the way you work. Contact one of our training consultants on sgtraining@informa.com to find out more.

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Agenda

REVIEW OF LAYTIME AND DEMURRAGE

  • Allocation of risk for delay between owners and charterers
  • Definition of laytime, demurrage and despatch
  • Types of Laytime
    • Fixed time
    • Tons per hour/per hatch
    • Custom of port

START OF LAYTIME

  • Arrived ship
  • When does it start?
  • What suspends time?
  • When does time stop running?
  • Notice of Readiness (NOR)

START AND STOPPAGE OF DEMURRAGE

  • Start of demurrage
  • Suspension of demurrage

CALCULATION OF DRY CARGO LAYTIME

  • Types of dry cargo laytime – reversible, averageable, non-reversible
  • Working days and running hours
  • Laydays, early loading clauses, virtual NOR and late arrivals
  • Explanation of terms
    • » WWD / WDWP
    • » WIBON / WIPON / WIFPON / WECCON
    • » SHINC / FHINC / SHEX / FHEX
  • Breakdown of different types of machinery
  • Laytime per working / workable hatches
  • Damages for detention
  • Notice periods, turn times
  • Interruptions and exceptions
  • Pro rated time for part cargoes
  • Shifting and multi berth discharges
  • Other issues affecting the calculation of laytime

LAYTIME AND DEMURRAGE CLAUSES

  • Different charterparties and NOR clauses
  • Weather clauses
  • Practical considerations
    • » Letters of protest
    • » Dry cargoes focused clauses

DEMURRAGE CLAIMS MANAGEMENT

  • Main stages
  • Key clauses in contracts which can affect claims
  • Securing a settlement
  • Enforcement options

CASE STUDY:

A recent laytime and demurrage case will be presented and analysed to give participants a better appreciation of common problems and practical issues arising with Dry cargoes. Specific clauses will be reviewed.

Participants are encouraged to provide alternative solutions to the cases presented and are requested, and requested to send their claim stories latest 1 week prior to this Workshop for general practical and legal discussions (anonymous if preferred).

THE COMMERCIAL CONTRACT TERMS AND CHARTERPARTY CLAUSES

  • Relationship between the two – with examples
  • Traders’ General Terms and Conditions

PROFITABLE USE OF LAYTIME AND DEMURRAGE IN NON-TRADITIONAL WAYS

  • Delaying loading
  • During the course of the voyage
  • Delaying discharge

HANDLING LAYTIME & DEMURRAGE CLAIMS AND DISPUTES

  • Time bars
  • Which documents are essential
  • Dispute resolution methods – and reasons for choice of arbitration or mediation or litigation

 

when & where

04 - 07 May 2021

Live Online Training

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Deliver this course how you want, where you want, when you want – and save up to 40%! 8+ employees seeking training on the same topic?

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