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overview
Tanker Chartering, Laytime and Demurrage is a 5-day comprehensive masterclass that offers an indepth analysis on the contractual and legal framework behind quality tanker operations and an assessment of the tools necessary to manage these contracts in today’s highly volatile shipping market.
This course will cover common issues in tanker chartering and will provide practical case studies, insights and remedies to these issues.This course is especially relevant for those who deal in tanker chartering and operations in their daily work such as shipowners, charterers, shipbrokers, traders, P&I personnel, claims and cargo handlers, and maritime lawyers.
Key Learning Outcomes & Case Studies Include
- Commonly used standard tanker forms such as Asbatankvoy and Shelltime 4
- Fixing the charter and knowing when is a binding contract made and in what terms
- Negotiating fixtures between brokers
- Understanding what ‘subjects’ are and their legal effect
- Delivery against bills of lading and letters of indemnity
- Charterparty indemnity clauses
- Safe ports and safe berths, force majeure, war and terrorism
- Delivery, final voyage and redelivery in time charters
- The nature of hire and off-hire for time charters
- Laytime, demurrage and the importance notice of readiness
- The principle of “once on demurrage, always on demurrage” and the rare exceptions
- Incorporation of charterparty clauses into bills of lading
Who Should Attend
- Tanker shipowners and charterers
- Traders
- Ship brokers
- Marine insurance and P&I personnel
- Maritime lawyers and in-house legal advisers
- Claims and cargo handlers
- Surveyors
- Salvage and recovery agents
pricing
Live Online Training
Learn Anywhere, Learn Anytime
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.
Watch Webinar
The shipping industry will soon be required to take more concrete steps toward reducing carbon emissions than almost any other industry. New international regulations will come into force in 2023, and all existing ships will be required to take measurable steps to reduce the quantity and intensity of carbon emissions.
Stream insights into what the regulations will require, what compliance measures are being considered, how they might be financed, and the likely impact on shipping costs by our course expert, Professor Martin Davies.
Agenda
MODULE 1
FIXING THE CHARTER (TV)
- When is a binding contract made and in what terms?
- Negotiations between brokers
- The legal effect of “subjects”
- The difference between qualifying the intention to be bound from qualifying the obligation to perform
SAFE PORTS, SAFE BERTHS (TV)
- The elements of the legal definitio of safety
- The nature of the obligation: absolute warranty or due diligence?
- The consequences of unsafety
FREEZING INJUNCTION COMPARED WITH SHIP ARREST
- The main differences
- What to use when
- Limitations and advantages of each
CASE STUDY SESSION 1:
CASE STUDY ON SAFE PORT AND ASSESSMENT OF DAMAGES
MODULE 2
FORCE MAJEURE, WAR AND TERRORISM (TV)
- War risk clauses
- Force majeure clauses
- ISPS Code clauses
- The effect of not providing for changed circumstances
DELIVERY: BILLS OF LADING, LETTERS OF INDEMNITY, CHARTERPARTY INDEMNITY CLAUSES (TV)
- The consequences of delivering without presentation of original bills
- of lading
- Methods of protection against those consequences
- The risks faced, despite the methods of protection
- Allocation of those risks
CASE STUDY SESSION 2:
CASE STUDIES ON PIRACY AND DELIVERY WITHOUT ORIGINAL BILLS OF LADING
MODULE 3
CONDITION AND DESCRIPTION OFTHE VESSEL (T)
- Vetting clauses, inspections, SIRE
DURATION OF THE CHARTER, DELIVERY AND REDELIVERY (T)
- Overlap/underlap and the concept of the legitimate last voyage
- Damages for late redelivery
- Extending beyond the voyage beyond the final terminal date
- Adding off-hire periods to the period of the charter
COVID-19 IMPACTS ON EXISTING CHARTER CONTRACTS
- Force majeure / contract frustration
- Charterers’ rights, owners’ rights
- Particular issues with Time/Voyage charters
- Vessel off-hire, quarantine
- Delayed free pratique, WIFPON
- Ship sanitation certificate (SSC)
- SIRE/CDI Inspection cancellation & liability
- Compliance with time bar provision
- Quarantine provision
- General Exceptions/Force Majeure Provisions Comparison
- Laytime & demurrage provision
- Covid-19 Vetting Inspection Clauses
COVID-19 VOYAGE CHARTERS (INTERTANKO ‘CORONAVIRUS’ CLAUSE) VS TIME CHARTERPARTIES
- Safe port, safe berth
- Load & discharges
- free pratique
- Demurrage, loss, damages & other expenses
- inspections and certification
- crew wellbeing & crew change
- Bills of Lading
TANKER FREIGHT RATES UPDATES
FLOATING STORAGE – PRACTICAL CONSIDERATIONS
- Contractual issues with voyage and time charterparties
- “Waiting for charterers’ order” & demurrage
- Precautionary measures and P&I coverage
- Vessel surveys
- Cargo quantities, loading/discharging
- Cargo degradation, loss
- Storage clauses
- Intertanko, BIMCO clauses
- Hull fouling
- Bunkering
- Charterers’ indemnity for loss, damage & delays
- Bill of lading
- Contract for carriage
CASE STUDY SESSION 3:
CASE STUDY ON CONDITION OF THE VESSEL UNDER TIME CHARTER
MODULE 4
HIRE AND OFF-HIRE (T)
- When are deductions from hire permitted?
- Withdrawal for non-payment of hire and the effect of “antitechnicality”
- Clauses
- Different types of off-hire clauses:
- Period clauses v. net loss of time clauses
CASE STUDY SESSION 4:
CASE STUDY ON WITHDRAWAL FOR NON PAYMENT OF HIRE AND ANTI-TECHNICALITY CLAUSES
MODULE 5
LAYTIME AND DEMURRAGE (V)
- When can a ship give effective notice of readiness (NOR)?
- Cancelling for late arrival: the lay/can period
- Exceptions to the running of laytime and demurrage
- Is it true that “once on demurrage, always on demurrage”?
CASE STUDY SESSION 5:
CASE STUDIES ON LAYTIME AND DEMURRAGE
On-site & in-house training
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