This website uses cookies, including third party ones, to allow for analysis of how people use our website in order to improve your experience and our services. By continuing to use our website, you agree to the use of such cookies. Click here for more information on our and .
overview
Key Topics Outcome
- Recognise how best to time charter different types of vessel;
- Identify what charterers should do with the vessels during the charter period, which pitfalls may be expected and how best to avoid or overcome them;
- Understand some of the complexities, responsibilities, practical, financial and legal obligations when time chartering vessels;
- Calculate the costs involved during the period and after redelivery
- Understand the impacts of IMO 2020 on time charterparties negotiations and clauses
- Apply clauses on safety of the crews, the ship and the environment
- Understand the significance of choosing safe ports and the responsibilities of each party
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
What Past Delegates Liked About This Course
“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
Course Director
Jeffrey Blum (FICS, FCIArb)
Founder, Interlink International Trading (UK) Ltd (IIT)
Founder & Principal Lecturer, Maritime Education & Training Ltd (METL)
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 [email protected] for more information and eligibility criteria.
Agenda
Day 1
SESSION 1: TIME CHARTERING
- Brief introduction to differences between Voyage & Time / Trip & Period Chartering; The construction of the contract between ship owners & charterers for a period time charter,including
- Which party is responsible for what obligation
- Risk & Cost
- Importance of Contractual Terms
- Recap of fixture versus signed C/P – problems ?
- The difference between a warranty and a condition within a charterparty and how to handle the same when breached
SESSION 2: TCPS AND BSL
- Shipowners’ and charterers’ respective commercial and financial responsibilities and obligations
- What are the legal implications of a C/P and what happens in practice?
- Incorporation of charterparties into Bills of Lading
- “Time Charterparties v Bills of Lading“
SESSION 3: REDELIVERY
- What are charterers’ rights & obligations?
- Shipowners’ and charterers’ respective obligations and responsibilities
- Early redelivery situations
- The Last Voyage
SESSION 4: IMO 2020
- Specification of “low sulphur fuel”
- BIMCO’s clause on compliance with sulphur content requirement
- Complexities of the transitional process into 2020
- Clauses on bunker fuel prices
- Clauses on bunker quantity and grades on fuel redelivery
- Obligations on removal of non-compliant fuels
- Drydock clauses
- Port nominations including safe port
SESSION 5: VESSEL’S PERFORMANCE
- Speed and consumption Deduction of speed claims/ bunker quantities on redelivery
- Warranty
- Allowances
- Weather, sea scale, current
- Assessing performance
- Recovering losses
- Routing organization
- Bunkers – final hire statement
- A vessel is redelivered – what do we do now? {as a charterer or a disponent owner}
DAY 2
SESSION 1: CARRIER’S RESPONSIBILITIES
- Who is the carrier?
- What is our liability under a back to back relet?
- Theory and worked examples
- “Starsin”: Methods used to determine voyage or period chartered would make or lose money for ship owner/operator/charterer
Participants are encouraged to bring their examples for discussion
SESSION 2: SAFE PORTS
- What is safety?
- When is a port to be safe?
- What can owners do if in doubt?
- Port systems?
- Berths v. ports
- Masters’ skill
SESSION 3: CHARTERPARTY SAFETY CLAUSES
- Important clauses to be agreed for safety of ship and crew and environment
- Underwater hull cleaning clause
- Ballast Water Treatment
- Warzones, HRA vs JWC
SESSION 4: SOME ADDITIONAL CLAUSES
- How time charterers may take advantage from ship owners or lose money?
- Off hire clauses
- Claims / Interclub agreement
- Stevedore damage clauses
when & where
04 - 05 Mar 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: [email protected]
Website: www.meritushotels.com
On-site & in-house training
Deliver this course how you want, where you want, when you want – and save up to 40%! 8+ employees seeking training on the same topic?
Talk to us about an on-site/in-house & customised solution.