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21-11-2018 (Singapore)

P52243 Advanced Laytime & Demurrage
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Advanced Laytime & Demurrage

21 – 23 November 2018 | Mandarin Orchard Hotel, Singapore

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Team Savings: Register 2 Delegates & the 3rd Comes free!
MCF TRAINING GRANT IS AVAILABLE FOR ELIGIBLE PARTICIPANTS.
PLEASE REFER TO WWW.MPA.GOV.SG/MCF FOR INFORMATION.

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 September 2018

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.

Testimonials

“Provides a clear concept on laytime with general examples”
~ Total Oil Asia Pacific Pte Ltd

“Case study examples are challenging. The lecturer shares a lot of his experiences”
~ Wilhelmsen Ships Services

“It gave me a thorough background about ownercharterer. It helped a lot especially in appreciating our own contract clauses with the charterer. It enhances my knowledge on laytime computations”
~ Nickel Asia Corporation

“Practical, clear and easy to follow. Hands-on practices were useful”
~ Charles Taylor Mutual Management

“The trainer is an expert on the topics covered”
~ PT Pelita Samudera Shipping

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

21 - 23 Nov 2018

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

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