Advanced demurrage course 09 - 10 February 2009, London, UK

ADVANCED DEMURRAGE COURSE

9-10 February, 2009, London

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

The course increases 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 two-day advanced demurrage course elaborates on complex demurrage issues; in-depth analysis of charter parties and protective clauses; ways to limit liability and maximize collection through improved terms; understand frequently disputed issues and ways to eliminate the cause; and, discuss key arbitration awards and landmark decisions that are instrumental in successful demurrage resolution.

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 course:
"This is a very complex area within the maritime industry. More people need to understand it and continue learning about it. The instructors are very professional and knowledgeable, very well organized."

"I thought I did not really need the Advanced Demurrage course, but all in all I came out with a lot more info. I believe that in many offices demurrage is an underestimated aspect of the shipping business."

"Great demurrage course – very educational and stimulating."

COURSE PROGRAMME:

Day I : 9 February 2009

09:00 – 09:30 REGISTRATION

09:30 – 10:50 OPENING REMARKS
Intro to Course - Objectives / Instructors / Students Port Charter vs. Berth Charter

10:50 – 11:30 Safe Berth – Safe Port: Berth Restrictions, Adverse Weather, Vessel Deficiencies, Bridge Obstructions, Tugs

11:30 – 11:50 BREAK

11:50 – 12:30 “Beyond Charterer’s Control”, Cargo Unavailability “Reachable on Arrival”

12:30 – 13:30 LUNCH

13:30 – 15:20 Analysis of Charter Parties: ASBATANKVOY, SHELLVOY 6, EXXONMOBILVOY 2005, BPVOY4

Notice of Readiness: Commencement, Receipt, Accepted Prior Laycan, 6H Free Time

15:20 – 15:40 BREAK

15:40 – 16:30 Notice of Readiness (Cont’d): Legally, ISPS, Physically, Geographically Port Formalities: Customs Clearance, Free Pratique REVIEW / OPEN DISCUSSION

Day II : 10 February 2009

09:00 – 11:00 Pump Warranty: Pumping In / Pumping Out

Shore Booster Pumps - Cargo Heating Requirements

Cargo Hoses – Stripping Asdem Pumping Performance Formula

Multi Cargoes / Parcel Tanker Considerations
o Notice of Readiness Implications
o Prorata Waiting Time – Terminal Constraints
o Prorata Laytime - Suspended Laytime
o Vapor Recovery Constraints
o Wait Time: Vessel Bunkering / Working Others

11:00 – 11:20 BREAK

11:20 – 12:10 Multi Cargoes / Parcel Tanker Considerations (Cont’d)

12:10 – 13:10 LUNCH

13:10 – 14:10 Contracts of Sale - “as per Charter Party”- “Prorata for Part Cargo” - INCOTERMS Expected Readiness / ETAs: Damages due to Late Arrival Cargo Claims: Hague-Visby / COGSA, Shortage, Contamination, Statute of Limitations – Laches

14:10 – 15:10 Force Majeure - General Exceptions Clause Demurrage Issues - Time Bar “Once on demurrage, always on demurrage” Document Signatures - Demurrage as a Profit Center

15:10 – 15:30 BREAK

15:30 – 16:20 Laytime Bank - Demurrage / Freight Ratio - Detention - Letters of Protest Mock Arbitration (time permitting)

COURSE REVIEW / OPEN DISCUSSION

Participation fee is 1250£. 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!