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P52227 Fundamentals of Laytime & Demurrage
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Fundamentals of Laytime & Demurrage

7  – 9 March 2018, 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

  • 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

Testimonials

What Past Delegates say about our Maritime Courses

“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

“Trainer provides lots of examples & open to discussions”
Xann Tey, Claim Executive, NYK Group South Asia Pte Ltd

“Practical Applications of Topics”
Rytik Rangroo, Senior Chartering Manager, Integra Petrochemicals Pte Ltd

trainer

Jeffrey Blum Charterparty Negotiation | Advanced Laytime & Demurrage

Jeffrey Blum

Agenda

Day One

  • 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, nonreversible
  • 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 on dry cargo ships
  • 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

Day Two

LAYTIME AND DEMURRAGE CLAUSES

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

Day Three

EXAMPLES OF CALCULATIONS
DEMURRAGE CLAIMS MANAGEMENT

  • Main stages
  • Key clauses in your contract that can impact your claims
  • Securing a settlement
  • Enforcement options

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

07 - 09 Mar 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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Talk to us about an on-site/in-house & customised solution.

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