Course Topics

This two-day course covers the topics you need to better understand the more complex issues of charter parties, laytime and demurrage, such as: 

  •    Actual Arbitration Rulings:
        -  Demurrage

        -  Vessel Performance/Non-Performance

        -  Arrived Ship - NOR - Laydays

        -  Safe Berth, Safe Port

        -  Multiport Discharge

        -  Complex Cargoes

  •   Optimizing Vessel Utilization and Selection

  •   Mock Case Discussions

  •   Discussion – When The Contract Fails

  •   New MTSA - ISPS Clauses

  •   Advanced Loss Control Using
      Charter Parties and Clauses

  •    Sample Demurrage Calculation Exercises

  •    Intertanko’s Latest Positions on
       Key Charter Parties and Clauses

  •    Review of  "Parallel Contracts" -
       Purchase /  Sales Agreements       

  •    Key Clauses to Protect Your Interest
       When Special Cargoes are Carried

  •    New Dispute Settlement Options –
       Shortened Arbitration/Negotiation/Mediation

  •    Terms and Conditions of Terminals
        vs. Charter Parties and Relative Clauses

  •    Incident Investigation:  What is an Incident?
       Types of Incidents - Identify What, Why, How
       it Happened - How to Prevent it from
       happening again - Incident Reporting
       - Root Cause Analysis: Finding reasons for
       demurrage and ways to reduce it

  •    Detailed Discussion of Owner’s Items
        vs. Charterer’s Items and Agents
  •    Pitfalls of Ship Fixing by Telex


Program Objective:  Participants take an in-depth study of the industry key charter party clause interpretation, actual case studies, arbitration rulings and awards, and parallel contracts, i.e. purchase and sale agreements. This session will most benefit anyone already familiar with the fundamentals of contracts and demurrage.