Course Topics

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: 


  •     Types of Charter Parties - Spot - Voyage
        - Bareboat - Demise - Time

  •     Typical Exceptions to Laytime / Demurrage

  •     Calculations of Demurrage

  •     Chartering Terms and Definitions

  •     Elements of a Demurrage Claim

  •     Review of Industry Contracts - Differences

  •     Investigating a Claim

  •     Typical Industry C/P Clauses

  •     Sample Demurrage Calculation Exercises

  •     Owner’s vs. Charterer’s Items

  •     Arbitration Vs. Litigation

  •     Bunker Acquisition and Cost

  •     Time Bar - Filing - Refuting Claims

  •     Notice of Readiness (NOR) - Tendered
        - Accepted - Not Accepted

  •     Mock Arbitration of Actual Demurrage /
        Operations Claim

  •     Laytime - Demurrage - Dispatch

  •     Worldscale - AFRA - Freight Rates

  •     Voyage Costing - Vessel Utilization

  •     Performance Clauses – Vessel Approval

  •     Laydays - Windows

  •     Vessel Vetting - ISM / ISPS / MTSA Codes

  •     Time Sheets - Time Counts - Not Counts

  •     Once on Demurrage Always on Demurrage?


Course 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.

Special One-Day Course Topics

This special one-day session presents all the essentials of our two-day course in a condensed format that allows the participants to succinctly get a solid base of knowledge of these topics.

 

  • Review of Maritime Law

    o   Concept of Seaworthiness

    o   Ship Responsibilities

  • Review of Several Popular Time Charter Parties

    o   Laydays

    o   NOR

          -  Arrived Ship

          -  Valid / Accepted

    o   Laytime (Laycan)

    o   Demurrage

    o   Time Counts

          -  1/2 Time, 1/2 Rate

          -  Time Starts, Time Ends

          -  Deductions from Time

    o   Sample Demurrage Calculations

    o   Review of Practical Demurrage Situations

    o   Discussion of How to Settle Disputes


Special 3-Day Mini Sessions (0900-1200)


Calculation of demurrage can sometimes be a challenge, especially if you are new to the job or starting to work with some of the newer charter contracts and a one or two-day virtual session may not give you enough time for the key principles to be absorbed. Accordingly, until things are back to ‘normal’ and we can safely provide face-to-face sessions for our clients, Enercon is pleased to offer one of our most popular courses in a new virtual format.  Maintaining the same content--and making a few additions--we have divided the course into sections that each participant can learn, review, ponder, and ask questions about at their own pace.

 

Enercon has modified its usual 2-day Charter Parties, Laytime and Demurrage course to be presented in 3-hour sessions over 3 days.  Each session will allow the participants to address the topics covered in the classroom and take specific sections home to complete assignments to solidify their knowledge and familiarity of the subjects.  In addition to the three sessions, a fourth session will be offered FREE OF CHARGE – this special 3-hour Q&A session will address the topics detailed in the foregoing sessions that anyone may need further explanation on or who would like some extra class time to review what they learned and may still have questions about.  This additional session will be open to anyone registered for this new course or for anyone who has already attended any of our Charter Parties, Laytime and Demurrage courses this year.  REGISTRATION IS NECESSARY – SIGN UP TODAY!


Session One (0900-1200)

          • Intro to Charter Parties
          • Laytime and Demurrage
          • Notice of Readiness (NOR)

 

Session Two (0900-1200)

          • Review of Assignments
          • Time Ends
          • Deductions
          • Demurrage – Practice Calculation

 

Session Three (0900-1200)

          • Review of Assignments
          • Additional Special Clauses
          • Other Charter Parties / Clauses
          • Situational Interpretations

 

Session Four (0900-1200) - No Charge!

          • Q&A + Review - Upon Request
          • Pre-Registration Required
          • Open Discussion

 

Detailed program outlines available upon request.


Course Fees

The fee for the 3-day mini sessions is $1,195 with the 4th session free of charge. 

Fees for each individual session will be provided upon request.

 

All fees are payable in U.S. Dollars to Enercon Group, Inc. prior to the start of the sessions.