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P52226 Fundamentals of Time and Voyage Charterparties
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Fundamentals of Time and Voyage Charterparties

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overview

Key Topics Covered

  • Introduction to Voyage Charters
  • Introduction to Time Charters
  • Shipowners’ and charterers’ duties
  • Time charter delivery, duration and re-delivery
  • Payment of hire and remedies for non-payment
  • Employment orders
  • Performance claims
  • Off-hire clauses
  • Voyage Chartering: laytime and demurrage
  • Deviation and liberty and other clauses

Who Should Attend

Participants will be expected to have little or no prior knowledge of charterparties

  • 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
  • Freight forwarders
  • Government bodies and representatives

Course Director

Jeffrey Blum (FICS, FCIArb)
Founder, Interlink International Trading (UK) Ltd (IIT)
Founder & Principal Lecturer, Maritime Education & Training Ltd (METL)

View profile »

Testimonials

“Very informative and real life examples provided”
Kristal Thian, Shipping Ops Executive, Total Oil Asia-Pacific Pte Ltd

“Useful refresher”
Lyndon Wallis, Procurement and Shipping, CSBP Limited

“Very informative about the basics of these topics. Ideas & suggestions to assist CP review”
Natalie Barnett, Senior Logistics & Supply Chain Officer, AEL Mining Services

“I learnt new things/ knowledge”
Sashi Indhiran, Legal Counsel, Sumitomo Chemical Asia Pte Ltd

“Real life cases are introduced, relevant to my work and to learn and gain better understanding, detailed & comprehensive notes”
Quek Shu Yu, Chartering / Shipbroking – Dry Cargo, KZ Maritime Pte Ltd

“Highly knowledgeable speaker, relevant course for my job”
Yosua Iskandar, BMS Coal Sales Pte Ltd

Singapore MCF Grant

You may be eligible for the Singapore Maritime Cluster Fund (MCF) Grant for up to 50% of the total course fee. Please contact Sushil Kunwar on +65 6989 6614 or email sgtraining@informa.com for more information and eligibility criteria.

Agenda

Day 1
GENERAL INTRODUCTION

  • Formation of contracts under English law
  • Express and implied terms
  • Warranties & conditions & innominate/intermediate terms
  • The relationship between the contract of sale, the charter party and the bill of lading
  • The negotiation and formation of the charter party contract

VOYAGE CHARTERS
THE SHIPOWNERS’ DUTIES

  • Hague-Visby Rules: Articles 3 and 4
  • To provide a seaworthy ship
  • Properly and carefully to care for the cargo
  • To proceed with reasonable dispatch
  • Cancellation clauses

THE CHARTERERS’ DUTIES

  • Provide cargoes, correctly described
  • Pay freight/deadfreight/demurrage/damages for detention
  • Port nominations including safe port

POST FIXTURE DUTIES

  • Who is responsible for what activities?

LAYTIME AND DEMURRAGE ~ A BRIEF INTRODUCTION

  • When does laytime start to run?
  • What suspends laytime?
  • When does laytime stop?
  • Demurrage, Despatch, Damages for detention
  • Reversible v Non-Reversible v Averageable
  • Worked examples of Dry and Wet laytime
  • Time bars

Day 2

TIME CHARTERS

  • Time charter duration and re-delivery
  • Overlap/underlap
  • Last Voyage Clauses
  • Illegitimate last voyages
  • Express and implied tolerances
  • “Without Guarantee”

PAYMENT OF HIRE:

  • Methods of payment
  • Payment on time
  • Allowance for late payment: anti-technicality clause: latest law cases
  • Permitted deductions

REMEDIES FOR NON-PAYMENT OF HIRE

  • Withdrawal of ship from charterers’ service
  • Suspension of services

EMPLOYMENT ORDERS

  • Employment, navigation and safety
  • Orders which a master must or may refuse
  • Who is responsible for cargo operations?
  • Stevedore damage issues

PERFORMANCE CLAIMS

  • When is a ship underperforming?
  • Practical issues
  • What is the difference between claiming damages and off-hire?

COMMON ISSUES
PARAMOUNT CLAUSES

  • Why is this clause of paramount importance ?
  • Which type of Paramount Clause can be used in a Bill of Lading?
  • Which type of Paramount Clause can be used in a charter party?

when & where

05 - 06 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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contact

Still have a question?

Devi Nyunt
Training Consultant
+65 6992 8760
sgtraining@informa.com

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