• Types of Charter Parties - Spot -Voyage -       Bareboat - Demise - Time
  • Chartering Terms and Definitions
  • Review of Industry Contracts - Differences
  • Typical Industry C/P Clauses
  • Owner’s vs. Charterer’s Items
  • Bunker Acquisition and Cost
  • Notice of Readiness (NOR) – Tendered           Accepted - Not Accepted
  • Laytime - Demurrage - Dispatch
  • Voyage Costing - Vessel Utilization
  • Laydays - Windows
  • Time Sheets - Time Counts - Not Counts
  • Typical Exceptions to Laytime / Demurrage
  • Calculations of Demurrage
  • Elements of a Demurrage Claim
  • Investigating a Claim
  • Sample Demurrage Calculation Exercises
  • Arbitration Vs. Litigation
  • Time Bar - Filing - Refuting Claims
  • Mock Arbitration of Actual Demurrage / Operations Claim
  • Worldscale - AFRA - Freight Rates
  • Performance Clauses – Vessel Approval
  • Vessel Vetting - ISM / ISPS / MTSA Codes
  • Once on Demurrage Always on Demurrage?
This intense two-day course provides you with the tools and covers the topics that will help you to increase your understanding of charter parties, laytime and demurrage, such as:  
Program Objective:  To familiarize the participants with the key clauses of widely used charter parties, basic calculation of laytime and demurrage and charter hire under various types of charters, and the mechanics of an arbitration.

CHARTER PARTIES, LAYTIME AND DEMURRAGE

 

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