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Course Level
Advanced
Delivery Method
Live Instructor-Led Virtual Course
Professional Development Credit Hours
9
Pre-requisites
There is no pre-requisite for this course.

Faculty

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.

Ian Garton Senior Consultant and Head of Research with Richardson Lawrie Associates, working on all aspects of the company’s business for over 15 years. He has been responsible for maintaining market information on the oil, gas and chemicals transportation sectors, analysing trends in the energy and shipping markets and preparing the company’s monthly and quarterly tanker market outlooks. He is responsible for developing and maintaining our Pool Revenue Distribution models in the oil, chemicals and dry bulk markets. Other work along these lines includes working on fleet and cargo coverage strategies, feasibility studies, and due diligence evaluations of other Pool models for a range of companies including private and confidential arrangements. Ian has been heavily involved in producing the background evaluations and analysis required for expert witness cases. He has been a regular speaker on management training programmes and workshops.

Accreditations

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: www.nasbaregistry.org


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.

Laytime and Demurrage Advanced Principles & Concepts (VIRTUAL) - TDLD2V

Course Schedule

Date Time Location Price* Registration Deadline**

*Prices do not include VAT, GST, or any other local taxes. All applicable taxes will be added to the invoice.
**Please register by the deadline to help us ensure sufficient attendance and avoid postponing the course.

Course Summary

Reduced training budgets need not imply reduced continuous development and training of staff. In fact, in these challenging times, upskilling of the workforce is critical. 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 advanced 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 aspects including advanced principles, key concepts, 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.

 

What Will You Learn?

  • Gain in-depth understanding of the advanced principles and concepts of Laytime and Demurrage from leading experts.
  • Study and discuss Laytime and Demurrage related clauses in various dry and wet charterparties.
  • Learn from relevant case laws and authorities to understand and apply the law to Laytime and Demurrage disputes.
  • Opportunity to learn the proper method of Laytime and Demurrage calculations in a guided workshop setting.
  • Examine legal concepts and dispute resolution mechanisms in your contracts.

Who Should Attend?

The supply, trading and risk management departments in oil, gas and petrochemical companies, the commercial and operations departments in the shipping affiliates or divisions of oil companies, the commercial and operations departments of ship owning companies, the planning and financial departments of shipping companies and oil company transportation divisions, banks and financial institutions involved in oil tanker, gas and chemical carrier finance, accountants and legal firms dealing with energy transportation issues, oil trading and distribution companies and management new to the transportation sector.

Course Content


General Principles & Concepts of Laytime – Refresher Session

  • Laytime and the Voyage
  • Concept of “Arrived Ship” and Notice of Readiness
  • Port v Berth Charter and Port Limits
  • Concept of “Once on demurrage, always on demurrage” 

 

Arrival and Commencement of Laytime

  • Arrival Prior Laydays and Time Counting 
  • Discussion using “The Front Commander”
  • Notice of Readiness and Asbatankvoy Clause 6
  • “Obstacles” created by the Charterer
  • Changes to the Commencement of Laytime
  • Use of WIBON, WIPON & Berth wait clauses

 

Arrival and Commencement of Laytime  Continued…..

  • “Reachable on Arrival” and “Always Accessible”
  • Discussion using “The Kyzikos”, “The Laura Prima” and “The Aconcagua Bay” 
  • “So near thereto as she may safely get”
    1. Nature of Obstacle
    2. Length of expected delay
    3. Degree of Risk
  • Multiple Charters – “Prorating” Laytime
  • Discussion using “The Stolt Spur”

 

Interruptions and Exceptions

  • Adverse Weather - Limits and Evidence of Adverse Weather, Bad Weather /Storm Warnings
  • Strikes and Laytime
  • Shifting in port 
  • “Any other cause beyond the charterers control”

 

Completion of Laytime and Demurrage

  • Completion of Laytime
  • Demurrage – Length and End of Demurrage

 

Legal Issues – Laytime and Demurrage

  • Time Bars & Comparison of Time Bar Clauses
  • Discussion using case laws
  • Dispute Resolution Mechanisms
  • Seat of Arbitration, Forum Shopping
  • New York Convention and Foreign Arbitral Awards

 

Practical Session - Laytime & Demurrage workshop Tanker and Dry Bulk Exercises

  • Apply Laytime and Demurrage concepts learned in the past two days to solve dry bulk and tanker exercises based on real life examples.

 

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.

 

Practical Surgery – Open Q & A Session with Expert Panel

 

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