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17-10-2019 (Singapore)

P52302 Dry Cargo Laytime & Demurrage
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Dry Cargo Laytime & Demurrage

17 – 18 October 2019 | Mandarin Orchard Singapore

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Early Bird Rate: SGD 3,295 (SGD 200 off normal rates)
REGISTER 2 DELEGATES & THE 3RD COMES 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 Should Attend

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”
~ Yang Jiu Qing, 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”
~ Jaslyn Ho, Planner, Sumitomo Chemical Asia Pte Ltd

pricing

Packages Price
2 Day TrainingSGD $3495Early Bird

Early Bird Rate: SGD 3,295 (SGD 200 off normal rates)
Register and Pay on or before 22 August 2019

In-House Training
Save up to 40% off normal rates! (8 or more attendees)

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.
  • View payment terms and bank transfer details, click here »

Trainer

Jeffrey Blum Charterparty Negotiation | Advanced Laytime & Demurrage Jeffrey Blum

Jeffrey Blum’s involvement in shipping and trading spans over 45 years. He is the fourth generation of a shipping family, has been an active member of the Baltic Exchange since 1976 and has worked with a Lloyd’s underwriter and as a shipbroker, ship owner and operator, gasoil futures broker, charterer and commodities trader in London and abroad.

He achieved Fellowship of the Institute of Chartered Shipbrokers by examination in 1979 and since 1983 has served on the ICS International Controlling Council, the International Membership Committee and the UK & Ireland Zone Committee. He has served on the London & South East Branch Committee since 1983, including its Education Officer 2000 – 2015, Chairman 2005-2007 and Vice Chairman 2015-2017. Jeffrey has been a Fellow of the Chartered Institute of Arbitrators since 1997 (Associate since 1979), is an active Supporting Member of the London Maritime Arbitrators Association (LMAA) and has been an arbitrator (both sole and tribunal) since 1994 and an expert witness since 1983. He has been on the controlling council of the International Commodity and Shipping Arbitration Service (ICSAS) since its creation in 2005.

Since 1984 he has been lecturing on maritime commercial subjects and law at universities and colleges throughout the UK. Since 2002 he is the founder director and principal lecturer of METL (Maritime Education & Training Ltd), a college in central London which prepares examinees for the ICS worldwide exams in eight core subjects. Since 2007 he is a Visiting Professor at the UN IMO’s World Maritime University in Malmo and at the Shanghai Maritime University and is a frequent presenter at conferences and masterclass workshops worldwide. For many years he has contributed to trade magazines and books and is currently editing the 12th edition of a long-established textbook on Chartering. Jeffrey provides maritime and commodities commercial claims consultancy and training through Interlink International Trading (UK) Ltd which he founded in 1994. His clients include oil majors, commodity traders, shipowners, P&I Clubs, shipbrokers, law firms, banks, governments and international shipping organisations.

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

17 - 18 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

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