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.
Key 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
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
