Laytime and Demurrage of Voyage Chartering of Tankers training course in Hamburg

Available Dates

Jan-22-2024

Hamburg
Mar-25-2024

Hamburg
May-27-2024

Hamburg
July-22-2024

Hamburg
Sep-23-2024

Hamburg
Nov-25-2024

Hamburg

Dates in Other Venues

Dec-18-2023

London
Dec-25-2023

Dubai
Jan-22-2024

Athens
Jan-29-2024

London
Feb-12-2024

Dubai
Feb-19-2024

Istanbul
Feb-19-2024

Rotterdam
Mar-25-2024

Athens
Mar-25-2024

London
Apr-08-2024

Dubai
Apr-15-2024

Istanbul
Apr-15-2024

Rotterdam
May-27-2024

Athens
May-27-2024

London
June-10-2024

Dubai
June-17-2024

Rotterdam
June-17-2024

Istanbul
July-22-2024

Athens
July-29-2024

London
Aug-12-2024

Dubai
Aug-19-2024

Istanbul
Aug-19-2024

Rotterdam
Sep-23-2024

Athens
Sep-30-2024

London
Oct-14-2024

Dubai
Oct-21-2024

Istanbul
Oct-21-2024

Rotterdam
Nov-25-2024

Athens
Nov-25-2024

London
Dec-09-2024

Dubai
Dec-16-2024

Rotterdam
Dec-16-2024

Istanbul

Course Details

For those in the business of shipping, delays can be costly. It is common practice for shipowners to charter vessels in return for freight. When calculating freight, shipowners take into consideration the period of the charter. Therefore, where a shipowner has calculated freight based on the time for which the vessel will be in the charterer's possession and the charterer is then delayed, the owner will lose profit. However, the law provides the shipowner with a possible remedy.

'Laytime' and 'demurrage' are important terms in a charterparty and carry significant financial implications:

'laytime' refers to the time allowed in a voyage charter for cargo to be loaded on to or unloaded from a vessel; and
'demurrage' is incurred after the permitted laytime is spent.

Both terms involve the time allocated for a vessel to be loaded or unloaded and the penalty incurred where the vessel has been unjustly delayed. In order to protect the shipowner from suffering loss, charterparties usually provide for compensation if the charterer is delayed.

Introduction to Laytime
Introduction to Demurrage and Despatch
Shipowners’ and charterers’ duties
When does the clock start to tick?
Safe ports and berths and anchorages
Arrived ship, Notices of Readiness
Statements of Facts
Notes of Protest
Charter party clauses
Time bars

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
Government bodies and representatives

Hamburg

Course Outline

5 days course

Day 1

Day 2

Day 3

Day 4

Day 5

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

Laytime and Demurrage of Voyage Chartering of Tankers

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Available Dates

Dates in Other Venues

Course Details

Course Outline

5 days course

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Laytime and Demurrage of Voyage Chartering of Tankers

Course Info

Available Dates

Dates in Other Venues

Course Details

Course Outline

5 days course

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