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23-10-2019 (Singapore)

P52283 Advanced Laytime & Demurrage
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Advanced Laytime & Demurrage

23 – 25 October 2019 | Mandarin Orchard Hotel, Singapore

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Team Savings: Register 2 Delegates & the 3rd Comes free!

overview

Key Learning Outcomes

  • Appreciate the various methods of laytime calculation – reversible, non reversible and averageable
  • Master the skill of calculating laytime for both dry and wet cargoes and ensure that your calculations are correct and to your advantage
  • Analyse in detail the various issues affecting laytime and get solutions for your laytime and demurrage issues
  • Compare charterparty laytime clauses and determine which terms and conditions apply when sorting out liabilities
  • Examine demurrage claim scenarios and understand how you can make profit from demurrage claims
  • Know the common exceptions to laytime and demurrage for both dry and wet cargoes

Who Should Attend

  • Shipowners
  • Charterers
  • Commodity Traders
  • Chartering Brokers
  • Maritime lawyers
  • Maritime Arbitrators
  • P&I personnel
  • Claims and cargo handlers
  • Demurrage analysts
  • Operations executives
  • Port personnel

pricing

Packages Price
3 Day TrainingSGD $4295Early Bird

Early Bird Rate: Register and Pay on or before 28 August 2019

Register 2 Delegates & the 3rd attends FREE!
Group rate is based on normal rate of 2-day main conference package only.
For Group Registrations, email register@ibcasia.com.sg or call +65 6508 2401

 

  • Special Group Discount pricing is applicable to groups of 2 or more delegates from the same organisation 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.
  • All fees stated include luncheons, refreshments and complete set of documentation. It does not include the cost of accommodation and travel.
  • A 7% Goods & Services Tax (GST) is applicable to all Singapore based companies for Singapore venue.

Digital Badge

Upon completion of this training course, participants will earn a digital badge.

Earners of Laytime & Demurrage Certificate have acquired advanced-level skills in Laytime calculation practices; anticipating, minimising and handling claims risks as well as profit-driven strategies in managing demurrage. Through global case studies, they have revised and mastered commercial contract terms and charterarty clauses, the complexity involved in demurrage claims on various types of cargo.

Skills:
laytime, demurrage, calculation, timebar, despatch, demurrage claims management, enforcement options, general terms and conditions, weather clauses, time bar clauses, wet cargo laytime, dry cargo laytime, reversible, averageable, non-reversible, loading clause, demurrage stoppage, damages, detention, notice period

Eligibility:
Attend and participate in the 2 full days of training course duration, led by the designated training expert

Available to:
Seminar attendees

Digital Badge FAQ >

trainer

Jeffrey Blum Charterparty Negotiation | Advanced Laytime & Demurrage

Jeffrey Blum

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
    • Worldscale
    • 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
  • When does demurrage stop running?
  • What stops the running of demurrage

Calculation of Laytime for Dry and Wet Cargoes

  • 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 on wet and dry ships
  • Laytime per working / workable hatches
  • Damages for detention
  • Notice periods, turn times, EDP
  • Interruptions and exceptions
  • Pro rated time for part cargoes
  • Shifting and multi berth discharges
  • Pumping clauses, pumping logs, excess pumping calculations
  • Other issues affecting the calculation of laytime

Laytime and Demurrage Clauses

  • Different charterparties and NOR clauses
  • Weather clauses
  • Time bar clauses
  • Practical considerations including
  • Crude oil washing
  • Stripping
  • Letters of protest

Demurrage Claims Management

  • Main stages
  • Key clauses in your contract that can impact your 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. Specific clauses will be reviewed and participants will be encouraged to provide alternative solutions to the case. Delegates are asked to send their claims stories latest one week prior to this Workshop for general practical and legal discussion (anonymous if preferred).

The Commercial Contract Terms and Charterparty Clauses

  • Relationship between the two – with examples
  • Traders’ GT&C (general terms and conditions)

Profitable Use of Laytime and Demurrage in Nontraditional 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 choices of arbitration or mediation or litigation

when & where

23 - 25 Oct 2019

Mandarin Orchard Singapore, by Meritus
333 Orchard Road, Singapore 238867
Tel: +65 6831 6062 | Fax: +65 6737 3130
Mobile No.: +65 8298 9442
Contact Person: Tan Ai Li
Email: aili.tan@meritushotels.com
Website: www.meritushotels.com

On-site & in-house training

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?

Talk to us about an on-site/in-house & customised solution.

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