Laytime and Demurrage of Voyage Chartering of Tankers

Course Info

Date: Jan-13-2025

Length: 1 Week

City: Dubai

Fees: 4,885

Type: In Classroom

Available Dates

  • Dec-09-2024

    Dubai

  • Jan-13-2025

    Dubai

  • Feb-10-2025

    Dubai

  • Mar-10-2025

    Dubai

  • Apr-14-2025

    Dubai

  • May-12-2025

    Dubai

  • June-09-2025

    Dubai

  • July-14-2025

    Dubai

  • Aug-11-2025

    Dubai

  • Sep-08-2025

    Dubai

  • Oct-13-2025

    Dubai

  • Nov-10-2025

    Dubai

  • Dec-08-2025

    Dubai

Dates in Other Venues

  • Dec-16-2024

    Istanbul

  • Dec-16-2024

    Rotterdam

  • Dec-30-2024

    London

  • Jan-06-2025

    London

  • Jan-20-2025

    Rotterdam

  • Jan-20-2025

    Istanbul

  • Jan-27-2025

    Athens

  • Jan-27-2025

    Hamburg

  • Feb-03-2025

    London

  • Feb-17-2025

    Istanbul

  • Feb-17-2025

    Rotterdam

  • Feb-24-2025

    Athens

  • Feb-24-2025

    Hamburg

  • Feb-24-2025

    London

  • Mar-17-2025

    Istanbul

  • Mar-17-2025

    Rotterdam

  • Mar-24-2025

    Athens

  • Mar-24-2025

    Hamburg

  • Apr-07-2025

    London

  • Apr-21-2025

    Rotterdam

  • Apr-21-2025

    Istanbul

  • Apr-28-2025

    Athens

  • Apr-28-2025

    Hamburg

  • May-05-2025

    London

  • May-19-2025

    Rotterdam

  • May-19-2025

    Istanbul

  • May-26-2025

    Athens

  • May-26-2025

    Hamburg

  • June-02-2025

    London

  • June-16-2025

    Rotterdam

  • June-16-2025

    Istanbul

  • June-23-2025

    Hamburg

  • June-23-2025

    Athens

  • June-30-2025

    London

  • July-07-2025

    London

  • July-21-2025

    Rotterdam

  • July-21-2025

    Istanbul

  • July-28-2025

    Hamburg

  • July-28-2025

    Athens

  • Aug-04-2025

    London

  • Aug-18-2025

    Rotterdam

  • Aug-18-2025

    Istanbul

  • Aug-25-2025

    Athens

  • Aug-25-2025

    Hamburg

  • Sep-01-2025

    London

  • Sep-15-2025

    Rotterdam

  • Sep-15-2025

    Istanbul

  • Sep-22-2025

    Hamburg

  • Sep-22-2025

    Athens

  • Sep-29-2025

    London

  • Oct-06-2025

    London

  • Oct-20-2025

    Rotterdam

  • Oct-20-2025

    Istanbul

  • Oct-27-2025

    Hamburg

  • Oct-27-2025

    Athens

  • Nov-03-2025

    London

  • Nov-17-2025

    Istanbul

  • Nov-17-2025

    Rotterdam

  • Nov-24-2025

    Athens

  • Nov-24-2025

    Hamburg

  • Dec-01-2025

    London

  • Dec-15-2025

    Istanbul

  • Dec-15-2025

    Rotterdam

  • Dec-22-2025

    Hamburg

  • Dec-22-2025

    Athens

  • Dec-29-2025

    London

Course Details

Course Outline

5 days course

Introduction to laytime and demurrage

  • allocation of risk for delay between owners and charterers 
  • lack of regulatory interference
  • Meaning of laytime
  • Meaning of demurrage 
  • demurrage and dispatch
  • BIMCO Laytime Definitions 
  • Types of laytime
  • Averaged and reversible laytime

Laytime calculation

  • How to interpret "Laytime Definitions 2013" and charterparty clauses
  • The commencement of laytime
  • How to assess the duration or laytime
  • The cessation of laytime
  • How to estimate the demurrage/despatch earned
  • How to recognize fundamental differences between dry cargo and tanker laytime
  • How to make a laytime calculation of multiple charters

Demurrage, dispatch, stoppage and termination of demurrage

  • Axception clauses
  • Why laytime exceptions do not automatically
  • Apply to demurrage
  • When does demurrage stop running?
  • What remedy is there if demurrage does not apply? 
  • Axamples of cases of damages for detention.

Calculating Demurrage

  • How to define laytime and demurrage
  • How to perform demurrage calculation both for dry and wet charters
  • Consequence of incorrect choice of wording in drafting charter party clauses regarding demurrage
  • The importance of diversified interpretation of terms agreed
  • The differentiation in claims resulting from such interpretation
  • Analysing charter party clauses and documents required for calculations

Laytime, Demurrage and Despatch in Practice

  • Wet/dry cargo laytime and demurrage time calculations
  • Analysing charter party clauses and documents required for calculations
  • Dispute resolution procedures and arbitration
  • Understanding an arbitration award
  • Laytime and demurrage in chartering practice

Course Video