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.
Training Plan Please Click Here
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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