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P52275 Time Charterparties
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Time Charterparties

4 – 5 March 2019 | Mandarin Orchard Hotel, Singapore

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MCF TRAINING GRANT IS AVAILABLE FOR ELIGIBLE PARTICIPANTS.
PLEASE REFER TO WWW.MPA.GOV.SG/MCF FOR INFORMATION.
Early Bird Rate: SGD 3,295 (SGD 200 off normal rates)
REGISTER 2 DELEGATES & THE 3RD COMES FREE!

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

trainer

Jeffrey Blum Charterparty Negotiation | Advanced Laytime & Demurrage

Jeffrey Blum

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: aili.tan@meritushotels.com
Website: www.meritushotels.com

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