Certificate in Laytime & Demurrage is centered on diffusing disputes and maximizing charter profits while distinguishing between profit and loss, conciliation and litigation, and success and failure in trade deals and chartering enterprises.
Topics
- Defining Laytime
interruptions and exceptions, Types and commencement of laytime, averaging and reversing laytime and completion - Introduction and Context
legal framework, Key terms, laytime and freight rate and principal clauses - Demurrage, Detention and Despatch
damages for detention, Contract law, deadfreight, stoppage and termination of demurrage and liability - Calculating Laytime
dry cargo, Tankers, multiple charters, step-by-step guides and practical examples - Laytime and Demurrage in Practice
Case studies – contract negotiations, wet and dry cargoes, collecting demurrage and despatch, documentation, litigation, resolving disputes, legal differences worldwide, drafting and amending clauses - Calculating Demurrage
time bar clauses, Basic calculations, practical examples, termination and insurance
Who should Attend
- Shipping company professionals in operations, supply and risk management
- Charterers and chartering agents; traders, brokers and distribution managers
- Fleet managers, Ship owners, terminal supervisors and port
- Employees starting or moving into the shipping divisions of oil and bulk operators
- Insurance and Legal professionals dealing with commodity transportation issues
- Accountants, Bankers and advisors involved in shipping finance
- Personnel in distribution, trading and logistics companies transporting goods by sea
