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Course Level
Delivery Method
Classroom Instructor-Led Course
Professional Development Credit Hours
There is no pre-requisite for this course.

"Good course, I can use the knowledge." O.W. Tankers


Charles Lawrie is a founding partner, and now CEO, of Richardson Lawrie AssociatesLtd, an independent firm of international maritime economists and business consultants established in 1987 and now a part of the Wade Maritime Group based in London, Singapore and India. He is responsible for the firm's consulting and retainer services in the crude oil, petroleum products and gas transportation sectors. He has spent over 45 years in the oil and shipping sectors, more than 35 of which have been as project manager or senior consultant on shipping, economics, investment appraisals, feasibility studies, transportation strategies and business studies within Europe, the Americas and the Far East. He is a specialist in the development of: investment appraisals, business plans, strategy reviews; commercial/contractual advice, project implementation; evaluation of the transportation economics of varying routes, ports and cargo handling techniques; commodity trade flow analyses and forecasts; modelling and forecasts of short, medium and long term shipping traffic, shipping demand and shipping supply; and modelling and forecasts of shipping charter rates and vessel costs.

Captain Bhatia is a well-known maritime transportation industry expert with over 30 years of operational and commercial experience including organizational turnaround, business strategy, operational risk management, claims, legal & regulatory. He has in-depth technical, commercial and operational management expertise gained by serving at sea for 15 years and later on ashore in commercial operations and management consulting field. He is the founding partner of The Wade Maritime Group, a leading maritime business consulting group based out of Singapore with group offices in India and the UK. He has over the past decade worked on numerous projects in operational risk management, business strategy, organizational design, human capital management, strategic investment advice, claims management and regulatory compliance for leading ship owners, charterers, Oil & Bulk majors, Ports and PE firms. He is a specialist in commercial operations, maritime economics, transportation strategies, operational risk management, claims management and dispute resolution. Keynote speaker on various advanced training programmes and seminars in the maritime industry.


NASBA: Mennta Energy Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site:

CPD Certification Services: The CPD Certification Service works with Mennta Energy Solutions to ensure valuable knowledge is structured to complement the universal guidelines of Continuing Professional Development. Mennta Energy Solutions courses are approved by CPD at one credit per training hour. BAC: Mennta Energy Solutions is pleased to be endorsed by the BAC for Independent Further Education as a Short Course Provider. Endorsement covers courses delivered in the UK only.

A Practical Understanding of Commercial Risks in Laytime and Demurrage (CLASSROOM) - TDL

Course Summary

In theory, the determination of laytime and demurrage in tankers, if incurred, is a straightforward process as all of the relevant terms and clauses are contained in the charter party. However, as anyone who has examined a charter party will be only too well aware the wording is often less than clear and consequently the meaning is obscure. In short, lack of clarity over what does and does not count as used laytime can lead to contentious issues between parties. One of two things then happens. Either, a claim is made which potentially can require substantial resources to pursue, both in terms of time and money. Alternatively, potential claims are left to accumulate, unattended and considerable sums of money go begging.

What Will You Learn?

  • To help understanding of the commercial risks associated with laytime and demurrage in shipping charter parties and oil sales/supply agreements and the problems of ensuring compatibility between the two contracts;
  • To help minimise these commercial risks;
  • To clarify some of the most important issues surrounding laytime and demurrage;
  • To provide practical examples of where things can go wrong and how such events might be avoided;
  • To help improve the efficiency and speed of claims handling to the benefit of the parties concerned.

The aim is to provide practical understanding and instruction in the complexities of laytime and demurrage and in so doing, de-mystify them. Emphasis is placed on how to avoid potential problems from the outset, how to limit risk and exposure and ultimately save money through the efficient handling of claims and avoidance of costly legal proceedings. The course highlights differences between major charter parties and the problems encountered between shipping and oil sales contracts.

Who Should Attend?

Delegates encouraged to attend include executives from oil, gas, chemicals and shipping companies handling demurrage claims, commercial operations people, traders, and charterers.

Course Content

The Elements of a Voyage Charter Party, Choice of Law, Time Bars, Arbitration and Dispute Resolution

  • Legal framework for charter parties, choice of law, arbitration and dispute resolution
  • Owners" and charterers" obligations under different forms of charter
  • The key clauses
  • Time bars


  • What is it, how is it incurred, who pays, how is it calculated?
  • What does and does not count as used laytime
  • Practical problems
  • Documentation and dealing with potential discrepancies
  • Additional clauses

Demurrage and Mock Arbitration

Participants are given details of a spot fixture, a copy of the charter party and a statement of facts relating to the voyage performed. They are asked to calculate the amount of laytime used, the amount of demurrage due, if any, and then to argue their cases in a mock arbitration.

Load Port Laytime, Arrived Ship, Notice of Readiness

  • Vessel arrives prior to commencement of laycan
  • What defines an "arrived ship"
  • Tendering and acceptance of Notice of Readiness (NOR)
  • 6 hours" notice period and the concept of

Case Studies on Maritime Law

Discharge Port Laytime, Pumping Warranties

FOB and CIF Contracts, Trading, Laytime and Demurrage Terms from a Commercial Viewpoint

Comparison of Laytime and Demurrage Terms under Different Charter Parties

Delegates undertake an exercise in which they are asked to compare the ways in which three different charter parties treat various events in a tanker's voyage.

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