Ship Chartering & Laytime and Demurrage Masterclass

Training Course Objectives:

By the end of this Ship Chartering & Laytime and Demurrage Masterclass training course, delegates will be able to:

Understand the fundamentals of ship chartering, including voyage, time, and bareboat charters.
Interpret key clauses in charter parties, such as BIMCO forms (GENCON, NYPE, SHELLTIME, etc.).
Distinguish between the rights and obligations of shipowners, charterers, and brokers in various chartering arrangements.
Calculate laytime accurately for different types of cargo operations, including dry bulk, liquid, and containerized shipments.
Understand laytime terms and exceptions, such as NOR (Notice of Readiness), weather delays, holidays, and shifting time.
Apply demurrage and despatch clauses correctly, and understand how these impact contractual performance and costs.
Analyze common disputes related to laytime and demurrage, and apply legal principles and precedents.
Review and assess charter party performance based on documentation such as SOF (Statement of Facts) and time sheets.
Identify risks in chartering contracts and implement measures to minimize exposure and losses.
Negotiate and draft effective chartering agreements, balancing commercial terms with operational realities.
Understand the claims process for demurrage and despatch, including timelines, documentation, and dispute resolution methods.
Gain insights from real-world case studies, arbitration decisions, and industry best practices.

This Training Course will be held in (Istanbul / Cairo / Dubai / Jeddah / Trabzon / Sharm El Sheikh / Riyadh / Antalya / Kuala Lumpur / London / Vienna / Amsterdam / Abu Dhabi / Paris / Madrid / Barcelona / Baku / Milan / Rome / Athens / Cape Town / Alexandria / Casablanca / Marrakech / Zurich)

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