Course description
Laytime and Demurrage are perhaps the two most litigious aspects of shipping contracts and have been the subject of numerous disputes over the years. This training programme is uniquely designed to focus on understanding the fundamental principles and concepts of Laytime and Demurrage (both Wet & Dry sectors), providing knowledge and practical guidance to effectively navigate these complex contractual issues. Delegates will have the opportunity to gain precious insight and first-hand knowledge from our leading industry experts.
This highly interactive training program will emphasize on sound commercial practice drawing on the extensive knowledge and experience of the course presenters and cover important concepts including general principles, key definitions, charter party clauses and dispute resolution mechanisms. The course includes case studies and practical workshops with real life examples that will provide hands-on learning experience, demonstrate and encourage the practice of actual methods and allow participants to put their skills into practice.
Do you work at this organisation and want to update this page?
Is there out-of-date information about your organisation or courses published here? Fill out this form to get in touch with us.
Content
General Principles of Laytime
- Laws of Oleron
- Laytime and the Voyage
- Customary v Fixed Laytime
- Interruption v Exception to Laytime
- Demurrage, Detention and Despatch defined
New Laytime Definitions for Charterparties 2013
- Discussion & Explanation of main definitions
- What is a Port and/or a Berth?
- Working Day – WWD or WDWP
- Holidays – Legal, Super and/or CP Holidays
- Reachable on Arrival and Always Accessible
- Time Lost waiting for Berth, WIBON and WIPON
Types of Laytime, Demurrage and Despatch
- Laytime - Reversible, Non-Reversible and Averageable
- Concept of “Once on demurrage, always on demurrage”
- Despatch - All Time Saved and Working Time Saved
- Workshop with worked examples
Commencement and End of Laytime
- Specified Destination and End of Sea Passage
- Four stages of a voyage
- Concept of an “Arrived Ship”
- Notice of Readiness and its validity
- Port v Berth Charter and “Port Limits” defined
Commencement and End of Laytime
- End of Laytime, Despatch and Demurrage
- Discussion using relevant case laws
- “The Johanna Oldendorff”, “The Arundel Castle” and “The Merida”
Tanker, Gas & Dry Bulk Charterparties – Laytime and Demurrage Clauses
- GENCON and AMWELSH
- Asbatankvoy and Shellvoy 6
- LNGVOY and GASVOY
Interruptions and Exceptions Clauses
- Exceptions and Half Rate Exceptions
- Weather Conditions
- Pumping Warranty
- Tank Washing
- Letters of Protest
Practical Session - Laytime & Demurrage workshop Tanker and Dry Bulk Exercises continued…..
- Apply Laytime and Demurrage concepts learned in the past two days to solve dry bulk and tanker exercises based on real life examples.
Legal Issues – Laytime and Demurrage
- Governing law
- Dispute Resolution Clauses and Mechanisms
Practical Surgery - Open Q & A Session with Speakers