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Laytime & Demurrage for Dry Cargo Chartering 06 - 07 July 2009, Moscow, Russia
Laytime & Demurrage for Dry Cargo Chartering
6-7 July, Moscow, Russia
Learning Objectives
This 2 days’ intensive course aims to provide an overview of laytime and demurrage for the Dry Cargo market. The participants will become more familiar with the major areas of laytime difficulties and will have an opportunity to calculate some simple and then increasingly difficult Laytime problems in workshop sessions.
Explanation
Laytime is one of the most disputed areas of trading and shipping, because it can mean the difference between profit and loss in any trade deal. It can lead to litigation, mediation or arbitration, although often the parties are able to resolve problems commercially and amicably.
These sessions explain the basic principles of Laytime, why it exists, the key documents which are necessary for its calculation, the legal and the practical aspects of a ship’s arrival in a port, how to calculate bad weather and other interruptions such as strikes and machinery breakdown, what else can go wrong and how to avoid trouble with negotiated favourable contract terms.
Day One
Introduction to Laytime
09:00 – 10:30 Laytime
Demurrage
Despatch
10:30 - 10:45 Coffee break
10:45 – 12:45 Port Charter Party
Berth Charter Party
Arrived Ship
Crucial documents
12:45 – 13:00 Questions & Answers
13:00 – 14:00 Lunch
14:00 – 15:30 Problems
What can go wrong with Notices of Readiness
WIPON, WIBON, WIFPON, WECCON
What can go wrong with Statements of Fact
Instructions to Port Agents
Particular problems with handling dry cargoes
15:30 – 15:45 Tea break
15:45 – 17:00 Practical examples
Non-Reversible / Reversible / Averageable Laytime calculation method
Some simple examples of Laytime calculations will allow each delegate to put the theory into practice.
Day Two
Legal and practical aspects
09:00 – 10:30 Circumstances which dictate when laytime commences
Charter Party clauses ~ comparisons between Gencon and Amwelsh and other C/Ps
10:30 - 10:45 Coffee break
10:45 – 12:45 Trading contract terms
Damages for Detention
12:45 – 13:00 Questions & Answers
13:00 – 14:00 Lunch
14:00 – 15:30 Several more difficult examples of Laytime calculations will allow each delegate to put the theory into practice.
15:30 – 15:45 Tea break
15:45 – 17:00 Several more difficult examples of Laytime calculations will allow each delegate to put the theory into practice.
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, as the fourth generation of a shipping family. He has lectured worldwide at universities and bespoke training seminars since 1984. He is a Visiting Professor at the UN’s World Maritime University in Malmo and at the Shanghai Maritime University.
Participation fee is £1250.
Attention! Register till 5th June and Save 10%!
For additional Info, please contact Khatuna Eletskih: khatuna@vostockcapital.com Tel: +44 207 394 3090
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