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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 sgtraining@informa.com 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: aili.tan@meritushotels.com
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?
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