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24-07-2019 (Singapore)

P52285 Tanker Chartering, Laytime and Demurrage
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Tanker Chartering, Laytime and Demurrage

24 – 26 July 2019 | 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

pricing

Packages Price
3 Day TrainingSGD $4295Early Bird

MCF Training Grant Is Available For Eligible Participants.
Please Refer To www.mpa.gov.sg/mcf For Information.

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 »

Digital Badge

Upon completion of this training course, participants will earn a digital badge.

Earners of Tanker Chartering Certificate have acquired advanced-level skills in analysing the contractual and legal aspects behind quality tanker operations, tanker charterparties and their clauses. Their range of knowledge includes fixture negotiation, methods of protection against problems associated with bills of lading, letters of indemnity, charterparty indemnity, hire vs off-hire clauses, force majeure and damage clauses; as well as handling the laytime and demurrage issues.

Skills:
Tanker chartering, laytime, demurrage, freezing injunction, bills of lading, letters of indeminty, charterparty indeminity, due diligence, notice of readiness, charter duration.

Eligibility:
Attend and participate in the 2 full days of training course duration, led by the designated training expert

Available to:
Seminar attendees

Digital Badge FAQ >

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

FREEZING INJUNCTION COMPARED WITH SHIP ARREST

  • The main differences
  • What to use when
  • Limitations and advantages of each

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 OFTHE 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

24 - 26 Jul 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

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