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01-07-2021 (Live Online Training)

P21GT38SGV Tanker Chartering, Laytime and Demurrage
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Tanker Chartering, Laytime and Demurrage

Live Online Training | 1-2 July & 5-7 July 2021 | 8:30am-1pm (SGT)

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Register 2 Delegates & the 3rd attends FREE!

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

Packages Price
Live Online LearningSGD $3516

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 »

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.

View Live Online Training Brochure

trainer

Professor Martin Davies Ship Arrest & Tanker Chartering, Laytime and Demurrage

Professor Martin Davies

Member, INTERTANKO Documentary Committee

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

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

when & where

01 - 07 Jul 2021

Live Online Training

On-site & in-house training

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