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Energy Specialist 2012: Human resource planning, corporate training and professional standards

Crude Oil and Petroleum Products Trading on International Markets

Oil shipping. Laytime and demurrage 21 - 22 May 2009, Geneva, Switzerland

Анкета на загрузку программы

                                           OIL LOGISTICS, LAYTIME AND DEMURRAGE
                                                                      21-22 May
                                                                Geneva, Switzerland

Most demurrage departments save about 7% on demurrage receivables, but an experienced, knowledgeable and proactive analyst can save up to 35%! The course increases knowledge of the intricacies of laytime and demurrage issues and provides cost-effective solutions in order to minimize disputes. The programmes reinforce charter party obligations between ship owners 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; provides in-depth analysis of charter parties and protective clauses; examines ways to limit liability, maximize collection through improved terms, understand frequently disputed issues and to eliminate the cause; and discusses key arbitration awards and landmark decisions that are instrumental in successful demurrage resolution.

DAY I. 21 MAY 2009

Points of sale

Sale of Oil: when property and risk pass from Seller to Buyer

INCOTERMS 2000 explained, including FOB, CFR, CIF, DES Shipping – refresher

Tanker Types and Size Ranges.

Vessel Information incl Clarkson’s Tanker Register

Ship-to-ship loading / trans-shipment (STS). Transshipment

Area Locations (TSAs)

‘Worldscale’ Freight Pricing System

Voyage Estimating as introduction to Laytime

Methods

Who needs to know

What they need to know

Principles of Laytime

Demurrage

Port v Berth Charter Party

Arrived Ship

Crucial documents

Commencement and end of laytime

When does the clock start to tick ?

When does the clock stop ?

Awaiting cargo documents and hoses disconnected

Practical examples

What can go wrong with NOR

What can go wrong with SOF

What can go wrong with PLOG

Reversible / Non-Reversible calculation methods

Problems with handling liquid cargoes

Practical exercises will focus on various scenarios of trouble, which delegates will resolve.

DAY II. 22 MAY 2009

Calculation of laytime: wet cargo

Laydays, early loading clauses and late arrivals

WIPON / WIBON / WIFPON / WECCON

Working days and running hours

SHINC / FHINC / SHEX / FHEX

Breakdown of machinery

Detention

Pro rating time to count for part cargoes

Shifting and multi berth discharges

Weather clauses

Pumping clauses, pumping logs, excess pumping calculations

Notice periods, turn times, EDP

Exceptions to laytime and demurrage

Exceptions and half rate exceptions

Lighterage

Deviation

Bunkering

Weather conditions

Ballasting and deballasting

Shore and ship pumping

Pumping warranty, calculation of excess pumping time

Crude oil washing

Stripping

Letters of protest

Calculations

Comparing charter party laytime clauses

Determining which terms and conditions apply to charterparty laytime clauses when sorting out the liabilities.

Asbatankvoy

BP Voy 4

Shellvoy 6

Exxon Mobil Voy 2005

Introduction to dispute resolution methods

Time bars

Necessary documentation for claims

Practical exercises will focus on various scenarios of trouble, which delegates will resolve.

Speaker:
Jeffrey Blum, a Fellow of the Institute of Chartered Shipbrokers and a Fellow of the Chartered Institute of Arbitrators, has been in shipping, trading and commercial claims resolution since 1972. He has lectured worldwide at universities and tailor-made training seminars since 1984.

PARTICIPATION FEES AND CONDITIONS:
Delegates’ package – 1250GBP – includes:

Participation in the course

Hand-out materials

Cofee-breaks and lunches

SPECIAL PROMOTION! Register before the 27th of March and receive and save 200GBP for your participation!

Glossary:

Demurrage - The term Demurrage comes from the field of vessel chartering and refers to the period during which the charterer remains in possession of the vessel after the period of time normally given to him to charge and discharge the cargo (lay time).

Laytime – is the amount of time allowed (in hours or days) in the Contract of Affreightment or Charter Party for the loading and unloading of cargo. If the lay time is exceeded, demurrage is incurred. If not, despatch.
Laytime stops when charter’s barge sails.

Damages for excessive delays awaiting charter’s lightering vessels is Demurrage- not detention.

Detention - as opposed to demurrage applies for delays occurring through fault of the Charterer wherein the damages are not governed contractually by the laytime and demurrage terms. Depending on the length of the delay, damages may be assessed at the Vessel's demurrage rate or at a higher rate for the opportunity cost for lost freight revenue plus operating costs.

Ballast- is a compartment of a vessel which can be filled, or partially filled, with water to stabilise the vessel.

Deballasting – is an operation which involves emptying a ballast tank of its contents.

Deballasting stations – are facilities where oil tankers can berth and unload their washing waters from their tanks. These waters are then treated in the deballasting station by settling.

Lightering – is an operation which involves emptying part of the cargo of a vessel into another vessel.
Bunkers- are compartments used to store engine fuel.

Early Loading Clause- as implemented in some bilateral charter parties, grants that charters receive additional laytime when agreeing to load before the commencement of laydays.

Loading and Discharge - is time consumed by the vessel in moving from loading or discharge port anchorage to her loading or discharge berth. Discharging ballast water or crops will not count as a laytime.
Deck Logs- Capitan’s Log – is a rough log book with a full nautical record of ship’s voyage.

Port Logs - both, the vessels and ship’s agents compile a log of all the events at the port from arrival until departure, including things, such bunkering operations, lightering, and operations at all berths within the Port.

FOSFA / NIOP - The Federation of Oils, Seeds and Fats Associations (FOSFA), the The National Institute of Oilseed Products (NIOP) and European Union (EU) have published list of acceptable and banned previous cargoes for the loading of certain edible cargoes.