Certificate in Laytime & Demurrage

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