Introduction to Demurrage Course 05 - 06 February 2009, Moscow, Russia

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INTRODUCTION TO DEMURRAGE COURSE
5-6 February, Moscow

Most demurrage departments save about 7% on demurrage receivables, but an experienced, knowledgeable analyst that is proactive can save up 35%.

This information filled demurrage training course increase knowledge of the intricacies of laytime and demurrage issues and provides cost-effective solutions in order to minimize disputes. The programs reinforce charter party obligations between shipowners and charterers, as well as sales contract demurrage. Additionally, course participation will broaden awareness of common demurrage pitfalls, best business practices, and will facilitate networking with industry contacts whilst providing a friendly forum for discussing specific laytime and demurrage issues.

This introductory two day course provides an overview of laytime calculations, demurrage analysis, charter parties, and facilitates a working knowledge of tanker and terminal operations. Participants will learn key shipping and demurrage concepts

Lecturer:
Kathleen Haugen, Managing Director, Haugen Consulting LLC, has successfully represented leading petroleum and petrochemical producers, traders, ship owners and brokers in the areas of ship operations, chartering, demurrage management, and arbitration representation over the past 20 years. With a diverse business background, Ms. Haugen provides firsthand knowledge gained through successful work experience and will offer practical solutions regarding your shipping and demurrage concerns.

Here are just some of the comments from attendees of the previous demurrage courses:

"This introductory demurrage course contains a lot of useful and practical information which is a very important tool for demurrage management. It will help me a lot in dealing with vessel owners and to improve our operations performance."

"Overall, an outstanding demurrage course for a beginner. I will recommend this course to others and look forward to attending the Advanced Demurrage Course at another time."

"Very pleased with presentation and interaction prompted by the instructors. Not only learned a lot from the instructors but also from fellow participants."

Day I. 5 February 2009 (Thursday)

09:00 – 10:15 OPENING REMARKS

Intro to Course - Objectives / Approach / Instructors / Students
Charters: Bareboat, Time, Voyage, Consecutive, COA
Owner’s Obligation – Charterer’s Obligation Laydays: Early Arrival, Late Arrival, ETAs
Laytime Allowance: Worldscale, TPH, BPH, Reversible, Non-Reversible, Total Hours, Deadfreight Laytime Calculation Overview

11:00 – 11:30 Coffee- break

11:30 – 13:00 Demurrage Documentation Requirements
Time Bar: Charter Party, Commercial Contracts
Types of Logs: Port, SOF, Survey, Dock
Independent Surveyors

13:00 – 14:00 Lunch

14:00 – 15:00 Night Restrictions: Terminal, Port
Equipment Breakdown: Vessel, Terminal

15:15 – 15:45 Coffee-break

15:45 – 17:00 Weather Delays: Fog, Storm
Demurrage Claim Checklist

Shifting: From Anchorage, Lighterage, Between Berths, Forced
Transshipments: Owner’s / Charterer’s Laytime considerations

REVIEW / OPEN DISCUSSION

Day II. 6 February 2009 (Friday)

09:00 – 10:10 Pump Warranty Laytime Stops

10:50 – 11:20 Coffee-break

11:20 – 13:00 Barge Operations Customary Term Overview of TTB

13:00 – 14:00 Lunch

14:00 – 15:00 Barge Operations (Cont’d):
Sales Contract Laytime Calculations (FOB & Delivered)
Voyage Laytime Calculation

15:10 – 16:00 Arbitration Procedures: U.S. vs. London
Choosing an Arbitrator, Cost, Shortened Procedures, Arbitrations vs. Litigation

Overturning an Arbitration Award
Review Details for Mock Arbitration

16:00 – 16:20 Coffee-break

16:20 – 17:00 Mock Arbitration and Discussion

DEMURRAGE COURSE REVIEW / OPEN DISCUSSION

The participation fee is 1250 GBP.

ATTENTION! Register before 19 December 2008 and save 225 USD on each delegate! Due to an interactive nature of the workshop the number of places is strictly limited!