Workshop Overview

Reduced training budgets need not imply reduced organizational training. In fact, in challenging times like these, skilling and re-skilling of the workforce is critical. Laytime and Demurrage are perhaps the two most litigious aspects of chartering vessels and have been the subject of numerous disputes over the years. This training programme is uniquely designed to focus on the complexities of Laytime and Demurrage (both Wet & Dry sectors), gaining practical expertise and knowledge to understand and analyze contractual issues and post fixture strategies.

Delegates will have the opportunity to gain precious insight and ¬first hand knowledge from our panel of leading industry experts. This highly interactive training program will cover the topics of Laytime & Demurrage starting from refreshing the basics to advanced level including commencement and calculation of laytime, exceptions and interruptions, calculation of Demurrage and issues with any claims. The emphasis is on sound commercial practice and practical decision making, drawing on the working knowledge and experience of the course presenters. The course includes case studies and workshops which are designed to ensure participants maximum use of the knowledge gained.

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Key Benefits of Attending

  • Gain an in-depth understanding of fundamental practices and concepts of laytime and demurrage
  • Expand your knowledge and gain invaluable insight into contractual issues in both wet and dry sectors
  • Secure understanding of laytime clauses in a Charter Party including Commencement, End & Exceptions to Laytime
  • Become skilled at laytime and demurrage calculations in a workshop setting
  • Analyze recent case studies to understand practical application of theoretical knowledge in this area
  • Gain practical expertise in post-fixture strategies from our panel of expert speakers
  • Examine dispute resolution mechanisms, Conciliation, Mediation and Arbitration
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Who Should Attend

This advanced course will be very useful for the Supply, Trading and Risk management departments of shipowners and managers, the Commercial and Operations departments of major oil & bulk operators, Charterers, Ports & Terminal operating companies, P & I club executives, Demurrage Claims handlers and analysts, Maritime Lawyers and Arbitrators, Banks and Financial institutions involved in Shipping Finance, Commodity Traders and ship management personnel new to the transportation sector.