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P52240 Tanker Chartering, Laytime and Demurrage
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Tanker Chartering, Laytime and Demurrage

25  – 27 July 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

  • Commonly used standard tanker forms such as Asbatankvoy and Shelltime 4
  • Fixing the charter and knowing when is a binding contract made and in what terms
  • Negotiating fixtures between brokers
  • Understanding what ‘subjects’ are and their legal effect
  • Delivery against bills of lading and letters of indemnity
  • Charterparty indemnity clauses
  • Safe ports and safe berths, force majeure, war and terrorism
  • Delivery, final voyage and redelivery in time charters
  • The nature of hire and off-hire for time charters
  • Laytime, demurrage and the importance notice of readiness
  • The principle of “once on demurrage, always on demurrage” and the rare exceptions
  • Incorporation of charterparty clauses into bills of lading

Who Should Attend

  • Tanker shipowners and charterers
  • Traders
  • Ship brokers
  • Marine insurance and P&I personnel
  • Maritime lawyers and in-house legal advisers
  • Claims and cargo handlers
  • Surveyors
  • Salvage and recovery agents

trainer

Professor Martin Davies Ship Arrest & Tanker Chartering, Laytime and Demurrage

Professor Martin Davies

Director of the Maritime Law Center, Tulane University Law School

Agenda

Fixing the Charter (TV)

  • When is a binding contract made and in what terms?
  • Negotiations between brokers
  • The legal effect of “subjects”
  • The difference between qualifying the intention to be bound from qualifying the obligation to perform

Safe Ports, Safe Berths (TV)

  • The elements of the legal definition of safety
  • The nature of the obligation: absolute warranty or due diligence?
  • The consequences of unsafety

Case study session 1
Case study on safe port and assessment of damages

Force Majeure, War and Terrorism (TV)

  • War risk clauses
  • Force majeure clauses
  • ISPS Code clauses
  • The effect of not providing for changed circumstances

Delivery: Bills of Lading, Letters of Indemnity, Charterparty Indemnity Clauses (TV)

  • The consequences of delivering without presentation of original bills of lading
  • Methods of protection against those consequences
  • The risks faced, despite the methods of protection
  • Allocation of those risks

Case study session 2
Case studies on piracy and delivery without original bills of lading

Condition and Description of the Vessel (T)

  • Vetting clauses, inspections, SIRE

Duration of the Charter, Delivery and Redelivery (T)

  • Overlap/underlap and the concept of the legitimate last voyage
  • Damages for late redelivery
  • Extending beyond the voyage beyond the final terminal date
  • Adding off-hire periods to the period of the charter

Case study session 3
Case study on condition of the vessel under time charter

Hire and Off-hire (T)

  • When are deductions from hire permitted?
  • Withdrawal for non-payment of hire and the effect of “antitechnicality”
  • Clauses
  • Different types of off-hire clauses:
  • Period clauses v. net loss of time clauses

Case study session 4
Case study on withdrawal for non payment of hire and anti-technicality clauses

Laytime and Demurrage (V)

  • When can a ship give effective notice of readiness (NOR)?
  • Cancelling for late arrival: the lay/ can period
  • Exceptions to the running of laytime and demurrage
  • Is it true that “once on demurrage, always on demurrage”?

Case study session 5
Case studies on laytime and demurrage

when & where

25 - 27 Jul 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

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